Tuesday, May 15, 2012

The nation cannot stand another four years of this assault on our freedom and way of life and wholesale lawlessness and the assault on the rule of law that Barry has brought to the table. It is imperative that he be shown the door in November,if we are to continue as a Constitutional Republic.

Exclusive:The Enigma That Is Barack Hussein Obama,Part Three 2009 Conclusion

Obama Autograph SC 199x300 Exclusive:The Enigma That Is Barack Hussein Obama,Part Three 2009 Conclusion
Photo credit:Barack Obama (Creative Commons)
Slightly after or concurrent to the Stimulus initiative in late February or early March of 2009 of our timeline was the Auto Bailouts.  During the discussions with Congress and GM &Chrysler,numerous irregularities were noted the most egregious was during Steve Rattner’s appointment as Auto Czar.  He personally forced the placement of bondholders subordinate to the United Auto Workers (UAW) during the pending Bankruptcy proceedings even though the UAW did not have any claim on any assets of GM.
The Bondholders are considered “secured creditors” in the legal process and held a first payout provision in bankruptcy law after vendors as creditors.
When all is said and done the UAW ended up with a huge stake in GM,which is in deference to federal antitrust laws. Chrysler faired better as they had an outside Suitor,FIAT purchased their assets,although the UAW ended up with a 55% stake in Chrysler.  The GM bondholders only ended up with 29 cents on the dollar,even though they were secured creditors,which shows the coercion Obama and his henchmen will go to protect their union allies.
Another nexus in this sad and tired refrain equal to a Greek tragedy on human frailty we have the inexplicable actions of Eric Holder and the DOJ dropping charges against the New Black Panther Party for voter intimidation committed during the elections in 2008.  DOJ had a default finding and Judgment by the Court and only needed to complete the case to bring justice for the flagrant intimidation of voters outside a polling station in Philadelphia.
This action by the DOJ was also met with internal resistance with numerous long time attorneys resigning in protest.
We also have the remarks made by Holder that he would see to it that minorities would be treated differently now that he was Attorney General. He is also called our Nation a “Nation of Cowards” in a remark in February 2009 during Black History Month on civil rights and racial matters.  What else can we expect from Barry and company?
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