The rule of law is gone, congressional oversight is gone, and soon private investment will be gone. So where will that leave us? It will leave us just exactly where the Obama Administration wants us, dependent on the government for everything. But maybe I’m over reacting, for after all, Obama has repeatedly said that he does not want to run the auto companies or the banks; he already has enough on his plate. So maybe this is just one big coincidence that he finds himself in charge of both of these things. I feel sorry for Obama. He is being forced to run these formerly private companies because of the dire circumstances that we find ourselves in, and not by any fault of his own. So if this is true, if he really doesn’t want to be in charge of these companies then why did he just not let them go through a normal bankruptcy? Why is he dictating, like a dictator, the terms of their bankruptcies? He’s arranging these bankruptcies so as to greatly favor the very auto unions that were responsible in large part for the bankruptcies in the first place? Is that not ironic? And why is he throwing out the rule of law that dictates (law, the real dictator) that the secured bond holders are to be first in line to recover their money in the event of a bankruptcy? The reason for this is obvious, it’s for the unions, because without this action the unions would get zero out of the bankruptcy, and the democrats are not about to let that happen. The unions have always had a strangle hold …


