He did it last year to the senior debt holders of GM. He stole their property and gave it to the Unions, abrogating centuries of contract law. He did it without any new laws.
Beat me by 30 seconds.
Which scared the $&!+ out of me because of the president it set and that no one challenged him successfully on it and they steamrolled on.
This is mob thuggery of the highest proportions.
Without Contract Law we are Serfs in the Hayek sense and becoming more like Stalin's Russia every day, what is next Fannie and Freddie taking our land and homes since they have a hand in so many mortgages and our 401k's for "the greater good"?
“He did it last year to the senior debt holders of GM. He stole their property and gave it to the Unions, abrogating centuries of contract law. He did it without any new laws.”
Have there been any lawsuits by bond holders to recover what was stolen from them?
If not, why not?
IMHO, the looting of GM was his first IMPEACHABLE OFFENSE.