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Obama fails first test; The Prolonged Chrysler Crisis

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US Taxpayers rejoice as this Administration's meddling ends at  bankruptcy court - where it belonged many BILLIONS ago!

I would ask that you step back to look at the larger landscape this episode portends.

ADMINISTRATION FAILS TO STAMPEDE THE RULE OF LAW

I would quickly point  that any resolution other than one that comes as a
result of The Rule of Law, i.e., in this instance, one appropriately deliberated and decided upon by bankruptcy court and judge has every appearance of one which is extra-legal, and stands to be challenged.

If the judge were to determine it's more appropriate to put Chrysler into Chapter 7, (Liquidation), there is no Reorganization required, and the issue of union's "senior" position v. lenders is moot. So then would be the US Taxpayers cost to bail out a privately-held company (Cerebus).


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