Posted on 05/04/2009 1:07:21 PM PDT by Joiseydude
Who knew that a bunch of hedge funds could become the champion of the little guy? As Chrysler bondholders faced down the Obama administration last week, insisting on due process, they emerged as my personal pick for civil rights champion of the week. Not everyone, of course, will see it this way. And, especially, not those courting Big Labor.
On Saturday The New York Times ran a story with this headline: “Union Takes Rare Front Seat in Chrysler Deal.” The piece, which ran over onto page three and in all occupied thirty inches of print — in other words a “Big Story” –- related in a “gee whiz” fashion how the UAW had been surprisingly well treated in the negotiations which led to Chrysler’s bankruptcy. Nowhere in the two-plus feet of copy was there a mention that the UAW had contributed $5 million to President Obama’s 2008 election campaign. That strikes me as pretty lame reporting.
(Excerpt) Read more at foxforum.blogs.foxnews.com ...
The fix is in. The Mob is running the country.
Despite being the Messiah, Obama will not be able to prevent a firestorm of litigation from shafted lenders.
If you are going to be a fascist dictator, it helps to have the military on your side.
The only good thing about this is it will ultimately fail. If Obama succeeds in pushing the creditors aside while protecting the union; no one in their right mind will invest in the new company; and one of the main reason the company is in this situation is because of the UAW.
Mob = King Obama and his Administration.
Why would the UAW owned company need investors? They have U.S. tax payers backing them.
This really ticks me off!
We need to get some Constitutional Attorneys to file a lawsuit against this Scumbag Administration!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
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