The Senate gave Emperor Barack Obama a running drop kick in the balls on Wednesday with a resounding rebuke over his veto of the 9/11 victims bill. The Justice Against Sponsors of Terrorism Act or JASTA, sailed through both houses of Congress – albeit in an election year – and as promised, was vetoed by Obama last Friday. Reports have emerged that the White House is absolutely furious after the 97-1 smack down which only the pathetic Harry Reid had Barry’s back. The House also delivered a big middle finger to the imperial president so if Michelle emerges with a shiner tomorrow it’ll be no secret as to where she got it from.
According to Zero Hedge “Obama Humiliated: Congress Overwhelmingly Votes To Override President’s Veto Of “Sept 11” Bill”:
The US Congress, first the Senate and then the House, humiliated the president when it voted on Wednesday to override Obama for the first time in his eight-year tenure, as the House voted 348-77 to reject a veto of legislation allowing families of terrorist victims to sue Saudi Arabia. The House easily cleared the two-thirds threshold to push back against the veto. The Senate voted 97-1 in favor of the override earlier in the day, with only Democratic Leader Harry Reid voting to sustain the president’s veto.
“We can no longer allow those who injure and kill Americans to hide behind legal loopholes denying justice to the victims of terror,” said House Judiciary Committee Chairman Bob Goodlatte (R-Va.).
The White House immediately slammed lawmakers following the Senate vote.
“I would venture to say that this is the single most embarrassing thing that the United States Senate has done possibly since 1983,” press secretary Josh Earnest told reporters aboard Air Force One, an apparent reference to a 95-0 vote to override President Ronald Reagan that year.
The override was widely expected in both chambers, with lawmakers from both sides of the aisle characterizing it as an act of justice for the victims of the Sept. 11 attacks.
The so-called Justice Against Sponsors of Terrorism (JASTA) would amend current law to allow victims of terrorist attacks on U.S. soil to sue countries that are not formally designated as sponsors of terrorism — like Saudi Arabia.
As reported before, the implications for capital markets should the House follow the Senate in overriding Obama’s veto, they could be dramatic: as noted earlier, the threat of the 9/11 bill passing has put on hold Saudi plans to issue its megabond, effectively putting even more pressure on the kingdom’s finances; alternatively as Saudi Arabia has threatened before, should the bill pass, it would (and may have no other choice considering its liquidity crisis) have to sell US reserves, among which billions in Treasurys and an unknown amount of US equities.
This is the first time an Obama veto has been overriden by Congress.
Late last Friday, we reported that in a troubling development for all Americans, Barack Obama sided with Saudi Arabia when he vetoed the Justice Against Sponsors of Terrorism Act , better known as the “Sept 11” bill, allowing Americans to sue Saudi Arabia over its involvement in terrorism on US soil, passed previously in Congress, despite clear signs that the veto may be rejected by both the Senate and the House.
Oh to be a fly on the wall in Riyadh today….
The slam dunking of the widely detested lame duck calls into question his abilities to influence the election in order to install Hillary in the Oval Office, something that his Homeland Security gestapo is well on the way to assisting with.
While there are many who find legitimate fault with JASTA for a variety of compelling reasons it came down to a matter of self-preservation in an election year where voter anger is at an all-time high. Personally, I’d be absolutely thrilled to see airstrikes commence on the Saudi Royal compound immediately as an alternative to the bill but a Democratic administration isn’t about to dispose of a key source of campaign payola.