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To: kodiak_bull who wrote (79850)11/23/2000 12:03:24 PM
From: Second_Titan  Respond to of 95453
 
From my limited perspective, some of my key assumptions are:

Even a slowing world economy is still growing.

I dont expect a world wide economic disaster and am not planning for one. Have some cash to ride out storms, but I am not planning for 1929.

I will keep betting Greenspan can keep us rolling.

I cannot imagine for a second the US of A would regress to price controls or gross profits taxes. This would be contrary to economic principles we have learned already the hard way. By historical standards in today's dollars I dont think overall energy costs are anywhere near peaks from even 20 years ago.

Though I would not mind some discrete threats to the majors by our government, either spend on E&P or else.

Maturing economies like China will demand a higher ratio of GDP/Fuel consumption.

You cannot compare the internet bubble business models to OSX & E&P's. The closest exception is a small cap E&P wildcatter I suppose who spends foolishly trying to hit it big.

I subscribe to the prescient prediction of Simmon's "Perfect Storm" and hope to survive and thrive through the storm.



To: kodiak_bull who wrote (79850)11/23/2000 12:08:14 PM
From: isopatch  Respond to of 95453
 
You mean with this huge army of lawyers, they couldn't find on hour,

to have one read the Illinois rulings VS relying on one man's 10 year old memory?!!

Last time anyone checked<g>, Cook County has plenty of democrat lawyers that can walk over to the Richard J Daley Center and simply read the courts opinions.

In something this important, isn't it at the very least bad legal practice to rely solely on a partisan affidavit to present your case to the Florida Supreme Court?!

Then, there's the whole question of aggressively promoting this false information to the public in several news conferences. And I've yet to hear any retraction. Have you heard one?

You are right, that very few people are sophisticated students of the law and juris prudence. But the public can tell pretty quick when they've been fed a load of B.S. once the media expose the real facts of this PR scam.

And don't you think the Florida justices are, shall we say, less than thrilled with being hung out to dry by the Gore lawyers on this; especially after I watched Justice Anisten really beat up on one of the Bush attornies for LACK OF RESEARCH! The irony here is just priceless<g>.

Let's just wait and see if there's big time fallout here or not.

If I'm wrong? It won't be the 1st or the last time.

Really appreciate all your posts. They make me think and I've learned a lot about the law, from them. Thanks.

Best

Isopatch



To: kodiak_bull who wrote (79850)11/23/2000 12:59:12 PM
From: JungleInvestor  Read Replies (1) | Respond to of 95453
 
kodiak, did you feed George Will this info? Sounds very similar to what you wrote a few days ago.

washingtonpost.com

This Willful Court

By George F. Will
Thursday, November 23, 2000; Page A43

"The accumulation of all powers legislative, executive and judiciary in the same hands . . . may justly be pronounced the very definition of tyranny."

--James Madison, Federalist 47

Al Gore's assault on the rule of law, crowned with success by Florida's lawless Supreme Court, has now become a crisis of the American regime. See above.

In asking that court on Monday to do what Gore wanted, attorney David Boies uttered a notable understatement: "I believe that there is going to have to be a lot of judgment applied by the court." Consider the radicalism--it far exceeds routine judicial activism--of what the court did with its "judgment."

Barry Richard, a George W. Bush lawyer, accurately told the court that Gore was asking it to read a statute, which says returns "must" be filed by a date and time certain, as though it says returns may be filed by a date and time certain. And, Richard said, Gore was asking the court to read a statute that says Florida's secretary of state "may" accept late returns as though it says she "must" accept late returns. So, Richard said, in order to rule for Gore the court must "disregard the well-established and long-standing doctrines" regarding the "clearly erroneous" standard, and regarding "implied repeal."

The "clearly erroneous" standard is this: For a higher court to overturn the ruling of a lower court, it must find the lower court clearly erroneous. In this case, it must find that the trial court had no reasonable basis for ruling that Florida's secretary of state did not abuse her discretion when she acted as though the statute reads the way it does, rather than the opposite way that Gore wants it to be read. Furthermore, when a court reads a statute as having a meaning directly contrary to its clear language, the court implicitly repeals the statute.

So the court, in a trifecta of willfulness, traduced all three branches of government. It says it acted out of respect for "the will of the people." But not the people's will as expressed by the people's elected representatives in the legislature that wrote the election laws. And not the people's will as expressed in the election of the secretary of state to enforce the laws.

During oral arguments Monday, a justice mused, "Are we just going to reach up from some inspiration and put it down on paper?" Which the court did Tuesday night, saying the secretary of state could not enforce the statutory deadline for receiving vote totals, because, the court said, that deadline made recounting impossible. So the court plucked from the ether a Sunday night deadline. Then yesterday, Miami-Dade County officials threw up their hands and declared additional recounting impossible because of the court's new deadline. Chaos, courtesy of the court.

In Federalist 81 Alexander Hamilton said the "supposed" danger of judicial "encroachments on the legislative authority" is a "phantom." In Federalist 78 he pronounced the judicial branch the "least dangerous" because it neither wields "the sword" nor controls "the purse," and hence "can take no active resolution whatever. It may truly be said to have neither force nor will, but merely judgment; and must ultimately depend upon the aid of the executive arm even for the efficacy of its judgments."

No, a lawless court, using the force of its willfulness to impose its judgment, also depends on the deference of both political branches. Will Florida's legislature defer to the Supreme Court's usurpation of legislative powers in the service of Gore's attempted usurpation of the presidency?

By legislating--by airily rewriting Florida's election law and applying it retroactively to this election--the court has thrown down a gauntlet to the state's legislature. Responding in the climate of cynicism and trickery Gore has created, legislators could decide that deference now would betoken decadence; they could exercise their legal right to select Florida's presidential electors. If in the third week after the election Gore at last manages, by getting selected ballots judged by frequently adjusted standards, to manufacture enough votes to take the lead, his electors will be no more legitimate than any others created by raw assertions of power.

Addressing the court on Monday, Boies used the language of contemporary liberalism's relish for judicial imperialism. Nine times Boies urged the court to wield its "power." In doing just that the court has refuted Hamilton's sanguine assurance (in Federalist 81) that although "misconstructions and contraventions of the will of the legislature may now and then happen," they can never "affect the order of the political system." We are a sadder but wiser nation now.

© 2000 The Washington Post Company