Tuesday, June 9, 2009

Chrysler

Justice Ginsberg stood up for the rule of law yesterday by granting a stay in the sale of Chrysler to Fiat. While it is far too early to celebrate, you have to think if the Obama administration has lost Ginsberg, their push for crony capitalism is in big trouble. I can't wait to see how the Obama administration is going to smear a bunch of Indiana pensioners as "greedy". The fact of the matter is that the Obama administration violated the legal rights of secured creditors and gave preferential treatment to the United Auto Workers union, a major campaign donor to the President and the Democrats in general. If contracts are not honored in a court of law our capitalist system can't function. Well done Justice Ginsberg!

Update: It was too much to ask that the Supreme Court would actually stand up for the Constitution. After all, it's President Obama's country, we're just living in it and paying the bills.

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