Monday, August 02, 2021 1:40:13 PM
Not really. In a big picture, Congress tried to do its job for that moment in 2008 crisis even though many lawmakers were not innocent. Congress mostly depends on bureaucrats in executive branch for understanding the needs of the time in a crisis.
It is the revolving door bureaucrats and lobbyists who took advantage of it by first fomenting the crisis and then demanding overwhelming powers to solve the problem with the assurance that those overwhelming powers mostly will not be needed or will not be used. However those powers were abused as soon as they got them and tuned the US financial crisis in to Global meltdown. Unfortunately Congress has not abolished HERA even after knowing the extensive damage HERA caused to the very foundation of free market economy and the global financial system.
The revolving door bureaucrats and lobbyists have been playing this game for long time. They make Congress to pass unconstitutional (or controversial) laws and then make executive branch to misinterpret or make unconstitutional decisions. They know very well that it will take decades for victims of their scam to get if any justice from judiciary. Most of the time judiciary is pro-Gov and judiciary takes years to find out legal loop holes or excuses to rule in Gov's favor. In the worst case scenario like in recent Collin's ruling, they even ruled that unconstitutional laws and unconstitutional executive decisions are lawful and asked victims to seek damages. Also SCOTUS rewrote HERA to make it look better even though writing laws is the exclusive authority of Congress.
Is it not better if all the three branches of Gov collaborate with each other before creating new laws and make sure that laws are constitutional and prevent victimizing common people with unconstitutional laws and decisions? Is it not better for all if SCOTUS makes sure that all the laws are constitutional before they are even passed rather than SCOTUS rewrite the laws after decades.
North Bay Resources Announces 50/50 JV at Fran Gold Project, British Columbia; Initiates NI 43-101 Resources Estimate and Bulk Sample • NBRI • May 21, 2024 9:07 AM
Greenlite Ventures Inks Deal to Acquire No Limit Technology • GRNL • May 17, 2024 3:00 PM
Music Licensing, Inc. (OTC: SONG) Subsidiary Pro Music Rights Secures Final Judgment of $114,081.30 USD, Demonstrating Strength of Licensing Agreements • SONGD • May 17, 2024 11:00 AM
VPR Brands (VPRB) Reports First Quarter 2024 Financial Results • VPRB • May 17, 2024 8:04 AM
ILUS Provides a First Quarter Filing Update • ILUS • May 16, 2024 11:26 AM
Cannabix Technologies and Omega Laboratories Inc. enter Strategic Partnership to Commercialize Marijuana Breathalyzer Technology • BLO • May 16, 2024 8:13 AM