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by Constitution Party National Committee
Newark, New Jersey
Whereas, “Bailouts” have increased the federal
debt that will be handed down to subsequent
generations; and
Whereas the “Bailouts” violate the Fifth
Amendment’s Due Process Clause by allowing the
federal government’s interference with a private
contract; and
Whereas our Founders were emphatic that the
public treasury should never become a public
trough, and
Whereas, the Federal government is not granted
the power to invest in and take over private
industry; and
Whereas, industry “Bailouts” begun by Republican
President George W. Bush and escalated by
Democrat President Barrack Barack Obama, are
unconstitutional and these presidents had no
authority to fundamentally alter the relationship
between the federal government and private
businesses; and therefore be in it
Resolved, that the Constitution Party strongly
condemns such “Bailouts” of any and all private
industry as they are completely unauthorized by,
and in fact are, in violation of specific
sections of the Constitution of the United States
and further because they constitute a cruel and
unfair tax on the posterity of our nation.
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