Absolute Power

We should all be very afraid... the US House of Representatives just passed a bill that taxes 90 percent of the AIG bonuses above $250,000... It doesn't matter that Congress approved those bonuses. It doesn't matter that the President approved those bonuses. It doesn't matter that those bonuses are legal contracts between AIG and AIG workers. Congress can do whatever they want... if they see some green sticking up out of someone's pocket -- they can take it because THEY ARE ABOVE THE LAW. If they feel in any way embarrassed by anyone, they can destroy them on national television because THEY ARE ABOVE THE LAW. If reporters start asking them impertinent questions, they can ignore the questions or just close the doors because THEY ARE ABOVE THE LAW.

Will Congress pass a law to make all congressmen return the funds/bribes AIG gave them? No, because THEY ARE ABOVE THE LAW. Will Congress pass a law to make all congressmen give back their $4700 raise they just gave themselves during our national economic crisis? No, because THEY ARE ABOVE THE LAW. Will Congress ever call up Chris Dodd or Barney Frank to give testimony regarding the Fannie Mae and Freddie Mac mess? No, because THEY ARE ABOVE THE LAW.

THEY ARE ABOVE THE LAW and our money, our reputations and our manner of living is forfeit to their whim.

Update: The lawyers over at Powerline agree... be afraid.

If the Pelosi bill is actually enacted into law (which I still think is doubtful) and upheld by the courts, there is no limit to the arbitrary power of Congress. In that event, we have no property rights and there is no Constitution--no equal protection clause, no due process clause, no impairment of contracts clause, no bill of attainder/ex post facto law clause. Instead, we are living in a majoritarian tyranny.