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Jun 8 2009

Supreme Court Puts Chrysler Sale On Hold!

Posted by: Larry

Another victory for Indiana Treasurer Richard Mourdock and America.

The Supreme Court on Monday granted an emergency appeal asking it to halt the impending government-backed sale of Chrysler to Italian automaker Fiat.

The order stops for now Chrysler’s sale, which the company claims could scuttle the deal.

via Supreme Court Halts Chrysler Sale to Fiat – Political News – FOXNews.com.

Obama’s attempt to ignore the law hits another bump. This temporary stay offers a ray of hope. It’s anyone’s guess right now what happens next. Hopefully, the Supreme Court will agree to take up the case and put a stop to this administration’s complete disregard for contract law.

Specifically, the case deals with two issues. First, is the unprecedented manner in which unsecured interests (the UAW) are given preferential treatment. Secondly is the legality of how TARP funds are being used in the deal.

See also: Breaking: SCOTUS stops Chrysler sale


May 28 2009

DEALERGATE. Chicago-Style Politics Gone Wild?

Posted by: Larry

Let’s suppose for a moment that everything alleged here is false. That the political contribution records shown are wrong. Maybe it is all just a coincidence.

The fact that Team Obama is allowed to decide which privately owned business to destroy next is alarming.

Dealers on the closing list donated millions to Republicans, $200 for Obama

The initial pass at the list of shuttered dealers showed they had donated, in the aggregate, millions to Republican candidates and PACs and a total of $200 to Barack Obama.

In fact, I have thus far found only a single Obama donor $200 from Jeffrey Hunter of Waco, Texas on the closing list.

Another review of all 789 closing dealerships, by WND, found $450,000 donated to GOP presidential candidates; $7,970 to Sen. Hillary Clinton; $2,200 to John Edwards and $450 to Barack Obama.

Now, and this is important, Chrysler claimed that its formula for determining whether a dealership should close or not included “sales volume, customer service scores, local market share and average household income in the immediate area.”

via Dealergate: Stats demonstrate that Chrysler Dealers likely shuttered on a partisan basis.

I can’t wait to watch the Obama Machine spin there way out of this one.