Is the TARP Unconstitutional?

Also at Heritage today, FreedomWorks chief economist Wayne Brough described his organization’s legal analysis of the constitutionality of the Troubled Assets Relief Program. “There is a very strong non-delegation argument against the TARP,” he said. “They basically took all the debate out of the Congress and put it all in the Treasury in the Executive branch…They gave the Treasury a $700-billion blank check to spend at whim.”

For more on bailouts, see, a project of the Competitive Enterprise Institute and the National Taxpayers Union, as well as John Berlau’s entry on bailouts in CEI’s new Agenda for Congress.