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Old 09-28-2008, 12:19 PM
 
485 posts, read 1,739,975 times
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I wonder if we have any legal or politcal science (government) experts out there that could answer this question:

If the $700 Bail Out does not pass Congress and it appears that the World Financial Markets started to implode, could President Bush use a special power to declare a national emergency and go ahead and authorize the Treasury Department to spend the money without Congress's approval?

I know the President does have certain powers in an emergency, but I am hazy if something like this would apply. Anyone?

(Please there are many threads about the pros and cons of the bailout, lets just leave this one for the legal and technical aspects of an emergency declaration by the President if Congress does not act)
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Old 09-28-2008, 12:32 PM
 
Location: Albemarle, NC
7,730 posts, read 13,366,720 times
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Given the current state of things, Bush could do it and claim he has the authority. However, Congress still has to approve the spending. They write the checks. I don't believe there is anything Constitutionally that would justify this. Still, that hasn't stopped the Executive Branch before.
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Old 09-28-2008, 12:57 PM
 
6,021 posts, read 7,350,796 times
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yes, he's overiden the republican congress and democrat congress many times already
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Old 09-28-2008, 12:59 PM
 
Location: State of Being
35,883 posts, read 71,438,540 times
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Quote:
Originally Posted by city414 View Post
yes, he's overiden the republican congress and democrat congress many times already
That is veto power. All Presidents do that, LOL. That is entirely a different matter than declaring a state of emergency.
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Old 09-28-2008, 02:23 PM
 
Location: Orlando, Florida
43,856 posts, read 47,324,500 times
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I looked it up online and couldn't find an answer. It is a really good question.
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Old 09-29-2008, 12:33 PM
 
485 posts, read 1,739,975 times
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It is a real possiblity now that the bill did not pass and the economy has reacted accordingly.
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