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Monday, July 23: Patt Stansberry

Patt Stansberry

Today’s show went pretty quickly, although I have to admit I was pretty distracted. We’re in the middle of moving (it’s not the worst move ever, just a few blocks), and we’ve discovered that finding a rental truck in a college town in late July can be a challenge.

That problem solved, we talked with Vicki Russell, president of the Boone County Fair Board, about the opening night at the fair. Mark Wappel of Underground Records Storage discussed his unique business, and then Patt Stansberry of A.G. Edwards & Sons broke down the economic indicators and how they relate to the record-high Dow.

Hour 2 was mostly blather from yours truly. I’m bothered by an executive order issued by President Bush last week. It’s unconstitutional — even if you accept that the president’s constitutional powers include issuing executive orders, which they don’t.

The president has authorized the Secretary of the Treasury, in consultation with the secretaries of Defense and State, to seize the assets of anyone who either directly or indirectly threatens peace and stability in Iraq (okay so far), or undermines “efforts to promote economic reconstruction and political reform in Iraq or to provide humanitarian assistance to the Iraqi people”.

Whoa! Not only does this decree put the assets of people like Dennis Kucinich in jeopardy of imminent seizure, it does so with no mention at all of due process.

Just to review, the relevant part of the Fifth Amendment to the U.S. Constitution reads:

No person shall bedeprived of life, liberty, or property, without due process of law;

Now, supporters of the president will argue that we live in extraordinary times that require extraordinary measures to preserve national security. Bull puckey. The framers of the Constitution were trying to preserve a fragile union that had been cobbled together over the opposition of many of their neighbors who preferred to remain part of the British Empire. A good many Americans were still ready to side with the English in the War of 1812, and there were others in the new United States who plotted to break off pieces of the fledgling republic for France or Spain.

The Fifth Amendment was written at a point in history when the survival of the United States was far less certain than it is today. Even so, the authors chose not to grant the Executive Branch the power that President Bush has appropriated for himself.

Read it again: No person shall be deprived of property without due process of law.

You know what else bothers me? That the Democrats in Congress haven’t said a word about it. My reading comprehension is pretty good. I doubt that I’ve misunderstood. So why isn’t someone in Congress raising a stink?

The Eagle 93.9 Intelligence Briefing:

Al Qaeda faces rebellion from within the ranks
Executive Order Blocking Property of Certain Persons Who Threaten Stabilization Efforts in Iraq
Carbon offsets: Buyer beware
Missouri law may restrict abortions
Intruder training at Columbia schools this week

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