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147
Why doesn't SCOTUS consider wallstreet, airline, banks or other corporate bailouts unconstitutional as they do bailouts for individual citizens?
posted 3 years ago by Mycovidfeelslikeacol 3 years ago by Mycovidfeelslikeacol +147 / -0
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– harleytrvlr 14 points 3 years ago +14 / -0

Because, I’m assuming all of those bailouts were approved by Congress. Student loan forgiveness was by executive order.

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– Etmb55 3 points 3 years ago +3 / -0

It seems we have been governed so long by executive order even many conservatives have forgotten about the first article of our constitution which gave this power to congress. (Liberals haven’t forgotten, they just ignore that which doesn’t fit their agenda.)

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– deleted 1 point 3 years ago +1 / -0
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– deleted 5 points 3 years ago +5 / -0
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– LessSwampMoreMAGA 3 points 3 years ago +3 / -0

From a technical point pf view, it’s completely different. It’s unconstitutional because congress controls the purse instead of one person.

And no, just because congress votes for bailouts for other industries doesnt mean we agree with it. The covid “relief” bill was a complete travesty and essentially paying companies to implement totalitarianism.

Then theres giving money vs paying for services, though in government most of the former is disguised as the latter, hence the need to drain the swamp.

Sounds like you were hoping for some of that student loan forgiveness money. If you were, i wish you the best of luck in paying off those loans.

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– deleted 4 points 3 years ago +4 / -0
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– deleted 6 points 3 years ago +6 / -0
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– TexSolo 4 points 3 years ago +4 / -0

Something I read on another board, is that the loans for businesses etc are through banks, not the government. Student loans are through the government so yes, Congress would have to appprove it and put in a bill for POTATO to sign. They knew this going in. They knew what the outcome would be, they’ll use it come election time or if they Pelican Brief a Conservative Judge or two and want to add new ones right before the election.

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– Dogebastian 3 points 3 years ago +3 / -0

Probably because no one had standing. lol

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– GodBlessAmerica58 3 points 3 years ago +3 / -0

I spoke with someone who took out student loans the other day. Wanted to be a Psychologist... First I asked him if he was going to talk children into chopping off body parts, he laughed. He complained they took away his tax refunds the last 2 years and it should have covered the loan. I told him welcome to government interactions. Dude has 7 kids, and after borrowing the money (7K) he attended classes a few days before dropping out. A nice guy, but no brains or self-responsibility... Kek

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– deleted 3 points 3 years ago +3 / -0
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– PattyFromTexas 3 points 3 years ago +3 / -0

Good question.

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– SpoonySmalls 3 points 3 years ago +3 / -0

Did anyone bring a case and appeal it all the way up to them? There is a process, they don't just arbitrarily decide things.

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– Light1SingleCandle 1 point 3 years ago +1 / -0

This. There needs to be a suit filed and the plaintiff has to show standing and damages, I think.

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– huhWHAThuh 2 points 3 years ago +2 / -0

I'm not a Constitutional scholar, but the business bailouts you mention I believe came in the form of government backed loans which had to be repaid.

If you are referring to the recent student loan forgiveness being struck down, they already got their government backed loans and invested it in their educations.

What they are asking is for the books to be wiped clean after the fact.

Totally different situation.

And I'm not a fan of government bailouts either.

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– deleted 5 points 3 years ago +5 / -0

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