Oldtimer said:
Sandhusker said:
Damnit OT, Obama THREATENED people! Why do you support that crap. Here you have the government overstepping it's bounds, ignoring law, and then THREATENING entities that stand up for their rights!
Read this;
Business Insider reports that more than one Chrysler senior creditor has corroborated Thomas Lauria’s allegation that the Obama administration threatened them with public attacks if they didn’t surrender their contractual rights. One of their sources says that the Obama team comprises some of the worst “ends justify the means” people he’s ever encountered (via HA reader Geoff A):
Creditors to Chrysler describe negotiations with the company and the Obama administration as “a farce,” saying the administration was bent on forcing their hands using hardball tactics and threats.
Conversations with administration officials left them expecting that they would be politically targeted, two participants in the negotiations said.
HOW THE HELL CAN YOU LOOK THE OTHER WAY AND/OR DEFEND THAT?
Well after seeing where the years of "Hands Off- Asleep at the Wheel" policy got our economy- its kind of refreshing to see an Administration interested enough to take off the gloves and fight to keep some industry alive in this country....
Arbitration/mediation- especially when you're coming from a weak (penny on the dollar) position- never has been for the faint of heart...
And if telling these folks that if they hold up the deal trying to get funds that ain't there anymore- and cause it to end up with no mediated deal- an auctioned off entity- and no more Chrysler--- that you will make it public who wrecked the deal and doomed the Corporation is intimidation--- so be it....
You don't get it, OT. I don't understand how you can not see what is going on here. Forget about Chrysler for a second. What you have here is a case of the government strongarming citizens who are doing nothing more than doing what is their right and fudiciary responsibility to do!
THE GOVERNMENT IS THREATENING IT'S CITIZENS!!!!!!!!!!!!! This is Soviet Union crap, and you're saying it is OK? Good Gawd, OT, have you completely lost it? I don't care what the reason is, or what level/party/who the government official is, this can not be allowed to even be thought of! How in the heck can you consider yourself a Constitutionalist when you can some up with some way to excuse this type of behavior?