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According to existing Supreme Court precedent[1], nationalization of companies requires approval by Congress, not just the President, so that would make it more
by telotortium 2y ago
According to existing Supreme Court precedent[1], nationalization of companies requires approval by Congress, not just the President, so that would make it more difficult.
[1] https://en.wikipedia.org/wiki/Youngstown_Sheet_%26_Tube_Co._v._Sawyer https://en.wikipedia.org/wiki/Youngstown_Sheet_%26_Tube_Co._...
- D-Coder 2y agoPrecedent, with this Supreme Court, is meaningless.
- solid_fuel 2y agoAccording to existing Supreme Court precedent, the president isn't able to impound funds which had been allotted by Congress (line item veto) [1], or fire the head of an independent agency for reasons other than allowed by Congress [2], it doesn't really seem like precedent has much weight amongst those in power today. [1] https://supreme.justia.com/cases/federal/us/524/417/ https://supreme.justia.com/cases/federal/us/524/417/ [2] https://en.wikipedia.org/wiki/Humphrey%27s_Executor_v._United_States https://en.wikipedia.org/wiki/Humphrey%27s_Executor_v._Unite...