akuma587 said: But couldn't you also say that protecting domestic production of just about any major manufacturing processes, including cars, trucks, etc., would fall within the President's commander-in-chief power? That would be like saying that the President couldn't do something about a light bulb manufacturing plant who produces 50% of the nation's light bulbs because of a few bankruptcy laws.
Man, I love using the commander-in-chief argument against the people who would normally support it even if I think it is often BS. Cheers to Tyrannical for actually being consistent and sticking to his guns in terms of where his policy standpoint really is. |
I am not against bankruptcy, and if the Commander-in-chief wants to keep Chrysler alive for those reasons, good for him. he has yet to state it's a military need.
Also, the issue taken with this article has very little to do with Bankruptcy as a practice, and more to do with this administrations execution of it.
We are a county ruled by law, not men (or we should be). To put this into an example:
Let's say you and I went halves into buying a car. We both owned 50% of it, and everything about that car was taken care of down the middle. There is no question that half of the value of that car is yours, and half is mine. We agree to have Obama sell our car. He sells the car for 10,000, but gives 8,000 to me, and 2,000 to you, because for whatever reason, he thinks I deserve it.
There is no law written down that he can go back to, not precedent he is using to state why I should get more money. It's just because he wants to, or in his terms "it's the right thing to do", and there is nothing that can be done about it.
Does that sound like something that should be legal in the US? Sure doesn't to me. Sounds like something a king would do.