Obama Humiliated: For The First Time, Congress Votes To Override President’s “Sept 11” Bill Veto

Posted: September 29, 2016 in Uncategorized
Tags: , , , , , , ,

Summary: 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 rejected a veto of legislation allowing families of terrorist victims to sue Saudi Arabia. The House easily cleared the two-thirds threshold with a 348-77 vote 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 attack.

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.

Update: moments ago the House also overrode Obama’s veto, meaning that as of this moment, the Sept 11 bill is now law.

  • HOUSE HAS VOTES TO OVERRIDE VETO OF SAUDI BILL, VOTE ONGOING

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.

Moments ago, that is precisely what happened, when the Senate voted overwhelmingly 97 to 1, to override President Obama’s veto of a bill letting the victims of the 9/11 attacks sue Saudi Arabia, striking a blow to the president on foreign policy weeks before he leaves office. The vote marks the first time the Senate has mustered enough votes to overrule Obama’s veto pen.

Democratic Leader Harry Reid was the sole NO vote.

As the Hill reported, not a single Democrat came to the Senate floor before the vote to argue in favor of Obama’s position.

Obama has never had a veto overridden by Congress.

Ironically, the White House promptly called the veto the most embarrassing action by lawmakers in years. What it failed to comprehend is that it was Obama’s veto of the Sept 11 that was the most embarrassing action by a US president, perhaps ever.

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