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I know that over the past twelve months things have been really tough on the tax paying citizens of this country. I also know what sucks the most about this is that it isn’t the average regular Joe’s fault. The truth of the matter is that it was bad regulation and corruption by key committee chairs in both houses of congress that started it, then corporate and organized labor greed that cemented the damage to our country.
As regular folks we all get up every morning put breakfast on the table, get the kids off to school, and get ourselves to work. We all do this with thoughts like how do I pay the electric bill or phone bill on time, or how do I make enough money to pay the expensive premiums for the insurance on my car, health, and home. In the meantime the job market is getting tighter and more demanding on us regular folk we also have to worry about losing our jobs because of downsizing, outsourcing, or going out of business.
Not one of us here who lives on Main Street ever thought of ways to get more money from lobbyists, big business donations to our re-election campaigns, or payoffs that could buy our votes, However that is how our government appears to operate. Our elected officials also seem to operate under the illusion that we work for them and not vice versa. I have to ask you just how absurd or obtuse does this sound to you the tax payer?
In addition to their obvious arrogance and I’m above the law for regular folks attitude. They also actually feel that they are entitled to the best healthcare our money can buy. Tax payer funded junkets around the world so they can go shopping. The politicians also expect blind obedience from us the masses because they actually believe that they are better than us.
Add to this disgusting mix of corruption and greed their attempts to insert more government into our lives and we that people are in serious trouble. They want to control our healthcare, which is one sixth of our economy. Tax us to death under Cap and Trade using the global warming lie as an excuse to do us in, while people like Al Gore get rich under this scheme. Not to mention take god out of the equation and relieve us of our rights to bear arms thereby giving up all of our other rights.
I am here to tell you that I fervently hope we vote out at least the worst parasites in both houses of congress in the 2010 mid-term elections. I am not limiting that statement to just the leeches on the left like Pelosi, Reid, Frank, and Dodd, but those on the right like McCain and the other RINO”S too. Maybe then we can get rid of Obama in 2012 and have a government that is of the people, by the people, and for the people.
That is all for today on Simple Man Politics. Of course this particular post is an opinion piece on my opinion, but the evidence shows what I say to be true, so I said it. I hope you all have a wonderful Wednesday and that you enjoy this post. I also hope that you will exercise your right to vote, because voting is our main weapon for keeping our government under control. CIAO4NOW my friends!!!!!
As you all know Simple Man Politics was supposed to be on a hiatus of sorts for two or three weeks in order to get some other business taken care of, but I just couldn’t resist writing about today’s topic. Today’s topic is about Ginsberg, the Supreme Court, and Obamas bankruptcy plan for Chrysler including its purchase by Fiat.
It appears that liberal SCOTUS (Supreme Court of the United States) justice Ruth Bader Ginsberg is not on board with the Obama administrations game plan to reward the UAW (United Auto Workers Union) with 60% of Chrysler, while giving the American tax payer about 30% of Chrysler, and the secure lenders less than 20% of Chrysler.
The result of this bankruptcy deal would have given virtually all of the UAW its losses back. The American tax payers would have gotten about 60 to 70% of their money back, and the lenders would have gotten about 15% of their investment capitol back. This plan of Obamas is surely a payoff to the union and a grand screwing for the investors and the American tax payers who should be paid off above and before the union.
Apparently the three judge panel for the federal district that Ginsberg represents kicked it up to her for review refusing to make a decision on the bankruptcy deal forcing Ginsberg to take the lead in deciding the outcome of this sham of a bankruptcy At that point Ginsberg got the whole Supreme Court involved in the issue, which further threw a monkey wrench into the Obama bankruptcy deal.
It looks like the constitutionality of this bankruptcy mess is now going to be decided by the SCOTUS and hopefully the constitution will be upheld. This is obviously not very good for the Obama administration or the UAW who stand to financially gain an enormous amount of money for their support for Barack Obama in the 08 Presidential election. According to lawyers who practice constitutional law this bankruptcy is in fact unconstitutional and here is why.
In a normal bankruptcy case Chrysler would have been allowed to continue its operations while going through its restructuring process. Auto dealers would have been allowed to remain in business serving their communities in both sales and services, the secured lenders and bondholders would have been first in line to re-coupe their losses, and Last but not least all labor contracts with the UAW would have been null and void.
Unfortunately Obama in his infinite wisdom thought he should circumvent the constitution and do things the way he wanted to. As a result of his actions to force the Chrysler bankruptcy and Chrysler/Fiat deal through it found its way to a federal appeals court and then to the SCOTUS. Apparently 150+ years of bankruptcy law precedent and the US constitution still hold water even in light of the Obama administrations obvious contempt for them.
The decision that the SCOTUS makes on the Chrysler plan may ultimately affect the Bankruptcy deal that is currently in place for General Motors as well. The resulting decision may do great damage to the UAW, which personally doesn’t offend me one little bit. The decision could also result in both the tax payers and the lenders getting the bulk of their investments back, which I consider to be fair. The SCOTUS may also put an end to the Obama administrations plans on wealth distribution on a large scale, which I ma also in favor of.
Well that’s it for today folks and I am glad I was able to talk to all of you once again. I will be back again soon I hope so have a terrific day CIAO4NOW!!!!!
