Shredding the Constitution
Sean kicked off Wednesday’s show with the scary news that President Obama is planning to have Vice President Biden lead efforts to implement gun control measures in the country. “This is going to be a huge fight in this country,” began Hannity on Wednesday, “This is a very scary thing that this President is flirting with, according to the Weekly Standard, the President is contemplating executive order to bypass Congress.” Sean continued, “We could save a lot of lives by banning automobiles, scissors, baseball bats and such and we have a President who is increasingly legislating through Executive Orders because he doesn’t want to deal with Congress.” “We have separation of powers and co-equal branches of government for a reason,” an angry Hannity fired, “It’s not by accident that the right to bear arms is the second amendment!” While the tragedies in Connecticut and Colorado and elsewhere were just that, tragedies, it seems that the larger tragedy might be to destroy a Constitution that so many have died to protect.
Webb and Maxwell: Where Is The Constitution?
Sean was joined by Sirius/XM’s David Webb and Ebony Magazine’s Zerlina Maxwell to discuss the constitutional issues surrounding this gun control debate. “We have a second amendment and the President is floating a trial balloon to bypass the constitutional authority of Congress,” began Hannity, “If he’s allowed to move forward I think this would be shredding the Constitution.” “This is the typical DC shuffle and all of this would be stopped in Federal court before it even reached the Supreme Court,” explained Webb, “This is a Washington scam and political theatre that cannot actually happen.” “That’s not true,” disagreed Maxwell, “The debate over the second amendment isn’t over and I think future courts will have more to say on this, regardless of what Scalia says about the comma.” Interesting side note that is that Maxwell is referring to Justice Antonin Scalia&r squo;s ruling in Heller where he said that the second comma in the amendment essentially guarantees an individual’s right to bear arms. “The former does not limit the latter grammatically, but rather announces a purpose,” Scalia wrote, “The Amendment could be rephrased ‘Because a well-regulated militia is necessary to the security of a free state, the of the people to keep and bear arms shall not be infringed.” Not surprisingly, this Vanity Fair article is highly critical of Justice Scalia’s ruling but throughout the article the author, Kurt Eichenwald, fails to use history as his guide. Guns and the right to protect ourselves has been a nearly universal understanding since this country was established. This is one freedom we shouldn’t be so quick to discard.
CNBC’s Rick Santelli stopped by to defend his test controversial rant with Kelly Evans. “We’re looking at about $122 trillion in underfunded liabilities and, when you work out the number, we’re looking at $52,000 per child born today but it’s even more when you look at the underfunded liabilities,” defended Santelli. “Anybody with eyes open can see that this is generational theft,” agreed Hannity, “Congress, we have a Constitution where it’s clear that spending bills happen in Congress, and now the President is trying to just write himself a blank check.” “You can look at these numbers every day and not see a lot of change but when you look at them from generation to generation we’re going to be lost,” offered Santelli, “This is when the middle class will see the true colors of our leaders but it’ll be too late.” While Santelli is obviously passionate about his concerns f or our economy, those sentiments shouldn’t be ignored, they should be embraced! For more on Santelli's rant, click here.
Rick Santelli joined CNBC Business News as on-air editor in June 1999, reporting live from the floor of the Chicago Board of Trade. His focus is primarily on interest rates, foreign exchange, and the Federal Reserve. A veteran trader and financial executive, Santelli has provided live reports on the markets in print and on local and national radio and television. He joined CNBC from the Institutional Financial Futures and Options at Sanwa Futures, L.L.C. There, he was a vice president handling institutional trading and hedge accounts for a variety of futures related products. Prior to that, Santelli worked as vice president of Institutional Futures and Options at Rand Financial Services, Inc., served as managing director at the Derivative Products Group of Geldermann, Inc., and was Vice President in charge of Interest Rate Futures and Options at the Chicago Board of Trade for Drexel, Burnham, Lambert. Santelli began his career in 1979 as a trader and order filler at... More >