What about the White House interfering in Chrysler’s bankruptcy and willfully ignoring legally binding contracts?. Secured creditors were given the Chicago thug message, “Sorry but this is how it is and we really don’t care what the law is. We are the law and we can do whatever we want.”
Most of the secured creditors caved in to the pressure from the White House, but a few, such as the Indiana State Pension Fund and the Indiana State Teacher’s Retirement Fund decided to assert their legal rights and took it all the way to the Supreme Court. Obama must have arm-twisted the SC because they didn’t take the case.
Proof that in the end, they are all statists. With the bond holder case they were asserting the state is supreme, forget hundreds of years of legal precedent. With the Obamacare ruling they were asserting it does not matter what they write in the bills, it is what they want that counts.