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IS THE DODD-FRANK LAW UNCONSTITUTIONAL?
Mayor Steve Lonegan talks about how the Dodd-Frank law is an attack on the separation of powers, giving the Director of the Consumer Financial Protection Bureau, unchecked power over credit allocation without oversight from Congress, the President or the courts. Rather than ending taxpayer-funded bailouts, Dodd-Frank institutionalizes them by empowering unelected bureaucrats at the newly created Financial Stability Oversight Council to determine which financial institutions are deemed “too big to fail”. Now, the constitutionality of the Dodd-Frank power grab is being challenged in court.
Listen to AFP Foundation’s Prosperity Minutes on the Dodd-Frank Regulatory Assault!
Dodd-Frank – “Bailouts” | Dodd-Frank- “Too Big To Fail” | Dodd-Frank – “Separation of Powers” | Dodd-Frank – “Checks and Balances” | Dodd-Frank – “Ex Post Facto”
Read more about the Dodd-Frank law:
The Federalist Society - The Dodd-Frank Wall Street Reform & Consumer Protection Act of 2010: Is It Constitutional?
Competitive Enterprise Institute (CEI) – Plaintiff complaint filed in United States District Court seeking Declaratory and Injunctive Relief
Wall Street Journal Op-ed – Why Dodd-Frank Is Unconstitutional: The financial regulations signed into law in 2010 do not honor checks and balances. They eliminate them.
Forbes Op-Ed – About The Dodd-Frank Act, George Washington Would Be Turning Over In His Grave
THE REVEL CASINO: ANOTHER TAXPAYER-SUBSIDIZED BOONDOGGLE
Despite millions in taxpayer subsidies and other tax breaks, the recently-opened Revel Casino is turning out to be an epic failure, generating some of the worst revenues in AC. The Revel is just another example of why government should stop picking winners and losers in the marketplace with our tax dollars and should instead focus on its core functions like building roads…and protecting our economic freedom. (CLICK TO LISTEN)
Read more about the failing Revel Casino:
Philly Inquirer: Revel casino revenue disappoints
Philly.com: Time ‘running out’ for Atlantic City’s revel Casino
GOVERNMENT BUREAUCRATS THREATEN OUR ECONOMIC FREEDOM
Recently the Department of Homeland Security issued a $200 million grant to UC-Berkeley to purchase an armored assault vehicle for their campus! As Mayor Steve Lonegan explains, so long as government bureaucrats have the power to waste our tax dollars in such fashion, the economic freedom of the American people will be sacrificed. (CLICK TO LISTEN)
THE FOLLY OF NJ’S OFFSHORE WINDMILL SUBSIDIES
New Jersey has committed $100 million for an offshore wind project, but without taxpayer subsidies offshore wind could not succeed in the free marketplace. Read about the true costs of New Jersey’s offshore wind project below. (CLICK TO LISTEN)
The Beacon Hill Institute – The Cost and Economic Impact of New Jersey’s Offshore Wind Initiative
HHS RUSHES BILLIONS OUT THE DOOR TO PLANT OBAMACARE’S ROOTS
While the nation awaited the Supreme Court decision on the constitutionality of ObamaCare, the federal Department of Health and Human Services (HHS) was fast at work trying to entrench the federal health care takeover, dishing some $3 BILLION for ObamaCare co-ops and exchanges. (CLICK TO LISTEN)
Click below to read more:
Americans for Prosperity: Welcome to ObamaCare Part XI: HHS Spends Wildly
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