Who Do These People Think They Are?
By RIchard Olivastro
June 8, 2009
What makes those people who invested in Indiana pension funds think they can question the Chrysler bankruptcy deal fashioned by the Obama Administration? Shouldn't they be satisfied with $.29 cents on the dollar 'awarded' by the Washingtonian dealmakers and approved by the court? Besides, they should be happy to do their share to help bailout and protect the United Auto Workers pensions with the sacrifices they have been assigned to make.
What makes those Chrysler dealers closed down by the federal Car Czar think they have been treated unfairly? Weren't they paying attention during the campaign? Didn't they understand that when candidate Obama said to that guy named Joe, "I think when you spread the wealth around, it's good for everybody" Obama knew full well that would mean as president he would decide who would bear the pain?
Now, certain union members and auto dealers have been deemed 'losers' in order for the administration to select other unions and dealers they choose to anoint 'winners'.
There is something wrong.
Americans have been uneasy. More are increasingly worried. Many fear the worse.
People have been uneasy as it seems this administration always forces everyone else - Congress, the states, banks, et al - to have to act, and go along, quickly.
We saw it with the slush fund called 'stimulus'; legislators were told to vote for it fast -- no one read it thoroughly; then, President Obama sat on it for days so the White House staff could orchestrate a trip out west to publicly sign it.
People are increasingly worried as they perceive that the administration's style to always act quickly, and insist that all others go along, may be a political operative's way -- a slight of hand - in order to ensure that the people don't stop to see -- or realize -- the implications of what's really going on.
But the people are realizing, and don't like what they are seeing.
People -- in growing numbers -- fear the new administration is focused on a power grab of epic proportions.
The people can only conclude that elected and appointed officials in both the executive and legislative branches of the federal government, by their actions, are throwing the Rule of Law out the window. That those officials, and their spokespersons, describe their actions as necessary to save jobs; and, rather than question, investigate, and pursue facts, the media goes along.
It is good for our country, and all citizens, that those people who are negatively affected when the rule of law is thrown out the window are now standing up for their rights. They have turned the tables on their aggressors to declare. "Who do these people think they are"?
The truth is the pension funds have a stronger law-based claim on the assets of the automakers than the UAW has or ever will. As holders of the 'property of bonds', every person or entity are "secured creditors"; and, as such, are to be first compensated from the assets of Chrysler's bankruptcy.
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