Hi Sam,
I've seen the same thing. Still, there is a difference between "power" and "legitimacy" in the sense of the legitimate social use of power. From my reading of it, your constitution legitimizes popular power and constrains its social forms and some of the procedures of its application. For example, you do not directly elect your President and it is quite possible that the one elected under the constitutional strictures actually loses the popular vote.
Maybe - there have always been limits on the franchise which restricts who "The People" actually are. Also, I would argue,that you fought a civil war over this issue, and "The People" lost when the federal government was empowered to supersede individual states rights. I think that the tensions go back right to the founding of your country.
That's always been an interesting loophole to my mind, since it never really defines what "defend" means; is it political defense? Military defense? Media releases? Then again, the oaths go back before the posse commitatus act.
Marc
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