The Obama administration's arguably unconstitutional and potentially illegal makeover/takeover of General Motors and Chrysler hit a legal road block on June 8, when Supreme Court justice Ruth Bader Ginsburg issued a stay preventing Team Obama's plan to sell Chrysler to the Italian automaker Fiat. This speed bump was a great opportunity for the media to pay attention to objections to the White House's reckless executive-branch manipulation of the auto business.
President Bush and his team were regularly savaged by the media elite if they so much as sniffed a hint of evasion over the rule of law and the bounds of constitutional authority in fighting terrorism. So why is President Obama's unprecedented intervention in the auto industry, including a TARP-fund bailout expressly ruled out by Congress, all but ignored?
Even with the Supreme Court order, the nightly news shows of CBS and NBC gave the decision just a few seconds of air time, the equivalent of a stifled yawn, and never went anywhere near describing the strange bankruptcy proceedings the Obama administration has cooked up to manipulate the industry to its liking.
Only ABC acknowledged the Chrysler deal was "encouraged and engineered" by the Obama folks, and noticed that lawyers for the pension funds of "Indiana police, teachers and taxpayers" were stopping the sale. But even ABC suggested that these state government employees were the bad guys, like vultures hoping that they'd make more money by taking Chrysler apart.
When Enron flat-lined in 2002, these same networks laid the blame all over the Bush administration while breaking out the violins for the people whose retirement funds were ruined. With the car companies and Obama, the song sheet is reversed. No one will go to the home of a retired Indiana cop and wonder why President Obama wants to deny him money for food and pills to sell off Chrysler to a bunch of Italians.
Then there's the GM deal. Here are some of the anti-Obama arguments from plaintiff lawyers and conservatives that are going ignored on the nightly news.
1. Nationalization. Obama proposes the government will own 60 percent of General Motors. Not only will the taxpayer be on the hook for tens of billions in capital keeping GM afloat, but the taxpayer will be doing this after Congress ruled out such an action. Conservatives insisted during the fall campaign that Obama would govern as a "socialist." The media reacted with disgust. How does this massive intervention not underline the S-word in heavy red ink?
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