Monday, September 17, 2012

Constitution Day - #4221 - Our Constitution is Under Fire - Heritage Foundation (2) General Motors Pushing U.S. to Sell Stake - Obama Says No - Market Watch (3) American Taxpayers Loss on GM Stock Investment - Daily Counter - Bailout Cost.com

Today, the federal government has acquired an all but unquestioned dominance over virtually every area of American life. It acts without constitutional limits and increasingly regulates our most basic activities, from how much water is in our toilets to what kind of light bulbs we can buy. So while we face many challenges, the most difficult task ahead—and the most important—is to restore constitutional limits on government. Forty visionaries signed a piece of paper 225 years ago today that became one of the most vital documents in the world: the U.S. Constitution. By design, it limited the power of government under the rule of law, created a vigorous framework that expanded economic opportunity, protected national independence and secured liberty and justice for all. But how is that limitation of powers working today? The Judicial Branch. The rise of unlimited government is most familiar and most prominent in the form of judicial activism. The Founders called the judiciary the “least dangerous branch,” but progressive judges have usurped the functions of the other two branches and transformed the courts into policymaking bodies with wide-ranging power. We need judges who take the Constitution seriously and follow it faithfully. Read more........

General Motors Pushing U.S. to Sell Stake: Obama Says No - Market Watch - The Treasury Department is resisting General Motors' push for the government to sell off its stake in the auto maker, The Wall Street Journal reports. Following a $50 billion bailout in 2009, the U.S. taxpayers now own almost 27% of the company. But the newspaper said GM executives are now chafing at that, saying it hurts the company's reputation and its ability to attract top talent due to pay restrictions. Earlier this year, GM GM -1.35% presented a plan to repurchase 200 million of the 500 million shares the U.S. holds with the balance being sold via a public offering. But officials at the Treasury Department were not interested as selling now would lead to a multibillion dollar loss for the government, the newspaper noted.  See Earnings Chart......

American Taxpayers Loss on GM Stock Investment now at $14,60l,905,416.80 Billion Dollars - See daily Counter of mounting US debt on investment...........

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