Tuesday, June 08, 2010

Peekaboo! I See You… Acting Unconstitutionally

by Iain Murray - June 7th, 2010 - American Spectator

During the next two weeks, the Supreme Court will rule on a case that, if decided correctly, will bring relief to small businesses all over the nation. The details of the case sound arcane, but they get to the heart of how America is governed and what the Founders intended. Should the Justices uphold a challenge to the constitutionality of the Public Company Accounting Oversight Board (PCAOB, often pronounced "Peekaboo"), then entrepreneurs, the Constitution, and the rule of law will win. The losers? Beancounters and bureaucrats.

The arrogance of supporters of Sarbanes-Oxley is unbelievable. They have created a court system and a regulatory system all rolled up in one, empowering unelected bureaucrats to destroy people's lives on a whim, or simply for a mistake.

There is no greater threat to freedom than self righteous bureaucrats who think of themselves as guardian angels. Unless and until we return to Constitutional principles, we cannot survive as a free nation. The problem is that these laws are being evaluated by unelected buffoons that serve for life. Their respect for our social contract has been proven non existent since the time of Woodrow Wilson, the evil President who started America down this road to Armageddon.


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