Why should taxpayers have an opportunity to buy things they value, go to airports they actually need, and grow the economy as they see fit when we have far smarter congressional Democrats and an extraordinary president to decide what is good for us ahead of time and invest "appropriately"?
Which bring us to "sacrifice." After investing billions of tax dollars in Chrysler -- your average return on this venture will be zero -- the failing company declared faux bankruptcy. The Obama administration then went ahead and made an offer to bondholders -- 33 cents on the dollar -- without allowing a judge to decide what the bonds were really worth.
Well, some of these selfish companies who hold Chrysler's debt (the ones who accepted TARP funding, a subsidiary of Obama Co., went along with the administration) want to head to court to determine the actual worth of the bonds in bankruptcy proceedings.
Obama responded that these firms were "hoping that everyone else would make sacrifices and they would have to make none."
No sacrifices? Everybody else?
So now those who take real risk, who invest real money, who refuse government welfare and create real jobs are selfish. They can be bullied by the president and have their legal contracts arbitrarily dismantled.
Well, at least we're getting a better sense of what Obama means when he speaks.
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