Does the government have the constitutional power to bailout companies?
If the constitution doesn’t explicitly forbid something to happen,then implicitly speaking,it has that power to do so,even if U weren’t always agree with whatever actions the Federal government takes. Examples include: having a standing national army or having Presidential cabinet positions as such,since the constitution never even mentions such things.
I don’t believe so, but it is really how you interpret Article I Section VIII. “The Congress shall have Power To lay and collect Taxes, Duties, Imposts and Excises, to pay the Debts and provide for the common Defence and general Welfare of the United States; but all Duties, Imposts and Excises shall be uniform throughout the United States;” “general Welfare” is a term that unfortunately is boundless and grossly expands the power of the federal government beyond the wildest dreams of the founders. Although the article goes on to list the specific powers of Congress, some people stick to simply the general welfare which eliminates the limitations on government as long as politicians promise that their actions are for the public good. “Congress has not unlimited powers to provide for the general welfare, but only those specifically enumerated.” -Thomas Jefferson “With respect to the two words ‘general welfare,’ I have always regarded them as qualified by the detail of powers connected wit
