“The very purpose of a Bill of Rights was to withdraw certain subjects from the vicissitudes of political controversy, to place them beyond the reach of majorities and officials and to establish them as legal principles to be applied by the courts. One's right to life, liberty, and property, to free speech, a free press, freedom of worship and assembly, and other fundamental rights may not be submitted to vote; they depend on the outcome of no elections.” Supreme Court Justice Robert H. Jackson, West Virginia Board of Education vs. Barnette, 1943
October 2, 2008
Cato Institute Scholars Make The Case Against The Bailout
by Doug Mataconis
Here is a great compilation of the media appearances that various scholars from The Cato Institute have been making all over the media during the past two weeks making the case against the bailout:
Shadegg and Coburn favor the bailout? This is disappointing.
I don’t know about Coburn, but Shadegg says it’s because of the FDIC limit increase and the mark-to-market change, but I’m sure the $17b for solar energy helped too. I guess everyone has a price.
I am pretty sure the pork had everything to do with it. I believe the mark-to-market rules were already changed on Tuesday if a heritage foundation article is correct. The increase in the FDIC limit could certianly be done without adding it to a $700 billion bill. It would pass easily on its own. Now the pork might have a harder time passing on its own or at least being discussed it might make them look bad. By adding it to this bill they can have their cake without any pain of discussing it. He is nothing more than an opportunistic politician.