**Posted by Phineas
Let’s be blunt — Democratic pols are having a breakdown as they are forced to face three things: their treasured statist, social democratic policies are an abject failure (1); only a fifth of the nation identifies with the Democrats’ statist philosophy and policies (2); and their leader is a schmuck who is leading them to a massacre in 2012 that will make the Great Shellacking of 2010 look like a walk in the park.
So, having to face the fact that the general voting public doesn’t like them and their policies much and is working within the democratic system to stymie their plans and (eventually, we hope) undo the damage they’ve done, we shouldn’t be surprised when their inner progressive comes out and they decide to say “to heck with the democratic system and the Constitution itself (3), we’ll just rule by decree!”
Virginia Democratic Rep. Jim Moran told The Daily Caller on Thursday evening that President Obama should “refinance every home mortgage” without congressional approval in order to “reset the economy.”
“Absolutely, I think [Obama] should do that but there are not a lot of places where he can act unilaterally,” Moran told TheDC during Conservation International’s Oct. 20 dinner in Washington, D.C.
“If he chooses to act unilaterally,” Moran said, “the likelihood is that there will be language in the appropriations bills that will prohibit him from spending money for that purpose. That’s just the political reality. But notwithstanding that, I think he should do everything he can do on his own to stimulate jobs.”
Obama has already asked his Council on Jobs to identify areas of the American Jobs Act that can be implemented without congressional authorization.
Moran told TheDC that he would “like to see” the Obama administration “refinance every home mortgage at three-and-a-half to four percent” interest, which he said can be accomplished without approval from Congress.
“The banks aren’t doing it, but the federal government can borrow money at three-and-a-half percent today. They should use that money to refinance every home mortgage, and that would put $750 billion into homeowners pockets,” he said. “It would reset the economy, and I think it’s the one thing that would most quickly get this economy back on its feet.”
Not only does Representative Moran want Obama to spend money without authorization, but he wants Obama to borrow nearly another trillion dollars. Let me remind Congressman Moran of Article I, section 8, clause 2 of the United States Constitution, which defines the powers of Congress:
To borrow money on the credit of the United States;
Only Congress can borrow money on the credit of the United States; that power is granted to no one else.
And yet James Moran, a Democratic member of the House of Representatives from Virginia’s 8th district, wants the President of the United States to usurp powers granted only to Congress, because the meanie Republicans are doing what their constituents elected them to do and blocking any more idiotic ideas — such as Jim Moran’s.
May I suggest to Congressman Moran, since he finds the Constitution he swore to uphold and defend such a pain in the rear, that he do the honorable thing and resign?
First it was Governor Perdue (D-NC) advocating suspending congressional elections in 2012. Then it was Representative Jesse Jackson, Jr., urging Obama to declare Congress in rebellion. And now Jim Moran wants Obama to borrow and spend money without any concern for the people’s elected representatives.
Professional Democrats have a real problem with democracy, don’t they?
via Ed Morrissey, who exposes the economic stupidity of Moran’s “plan.”
(1) Cash for Clunkers. The Stimulus act. The CLASS program. The Durbin Amendment to Dodd-Frank. The earlier mortgage bailout. Their loan programs to the “green companies” of tomorrow (See: Solyndra. Tesla and Fisker). And I’m sure I’m forgetting a bunch more.
(2) It’s hard to claim to be the “party of the people” when only one-in-five will even admit to aligning with you.
(3) Well, who can blame them? The document is over 100 years old and it probably confuses the poor dears.
(Crossposted at Public Secrets)