I was wondering if and when this would happen. BO will not be happy.
Unlike the bondholders who can afford to lose on their investments and retire back to their mansions to claim the losses on their tax forms, the dealers have nothing to lose. Thus Obama cannot intimidate them like the bondholders. The dealers are going to fight because they have nothing left but to fight. I know a couple of them, their business is a multi generational family affair. Unlike the AIG execs, these dealers will fight. Don’t attempt to protest with ACORN or SEIU activists at their home. These dealers have lost everything, and if these activists trespass or vandalize the dealers’ homes, they will grab their guns and shoot to kill.