The Discerning Texan
All that is necessary for evil to triumph, is for good men to do nothing.
-- Edmund Burke
-- Edmund Burke
Monday, May 04, 2009
Creditor Filing: Obama Admin's Chrysler "Solution" Unconstitutional
Oops! It appears that the all knowing "Constitutional Scholar" and his best and brightest just may have recommended a solution for Chrysler that.... well, let's just say it does not exactly "preserve, protect, or defend..":
And the truly disturbing thing is: he actually has a point.
If the Obama administration expected the senior creditors of Chrysler to fold their tents under political pressure, they may have gotten a rude shock today. Thomas Lauria, who accused the White House of threatening the creditors withn humiliation at the hands of the White House press corps, has filed a motion to halt the administration’s machinations on behalf of the UAW in the Chrysler bankruptcy. Lauria and his allies claim that the Obama administration has violated the Constitution in their bid to devalue the senior creditors’ holdings on behalf of junior creditors, and have some precedent to support the allegation.Read the whole thing. I heard Mark Levin make the case Friday that Barack Obama is the closest thing America has ever had to a dictator.
And the truly disturbing thing is: he actually has a point.
