
The auto bailout was one of the most shameful episodes in American business jurisprudence. The innocent, such as Delphi salaried retirees and Indiana schoolteachers, got the shaft. The guilty, the unions whose bargaining unsustainable retiree benefits and health care made their industry uncompetitive, got rewarded. Additionally, bankruptcy law was thwarted and violated, bond holders were not given front of the line rights as the law called for, but the unions got that place instead. Just another reason that Obama must be defeated. His consistent stand to undermine the rule of law is paving the way for dictatorship in America. Even if he is not personally guilty of wanting to be dictator, his actions are setting the stage.
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