In anohther thread, BillyT brought up an issue I've been meaning to bring up and did a better job of explaining it than I probably would have. So here's a quote from that thread: Obama's behavior in this situation is right out of a third world country. It's been described as ganster government (the source of the thread title): Give President Obama credit – he at least made the proverbial offer Chrysler’s secured creditors couldn’t refuse. The way Obama strong-armed creditors who rightfully expected to be treated justly under the law was right out of Juan Peron’s playbook. Like the Argentinian strong man, Obama muscled the owners and creditors out of a productive private company and gave it to union leaders, who will then fill his campaign coffers in gratitude for his generosity. The Examiner’s Michael Barone – who has forgotten more about American government and politics than most Washington political experts know – was correct to dub Obama’s Chrysler heist “an episode of Gangster Government.”GM is in pretty much the same boat. Fortunately, Ford had the foresight to make it thru this crisis without turning to a government bailout. ironic that the first American car company may soon be its last. Contrasting mightily with the Pennsylvania Avenue Gang’s thuggery is the quiet confidence of Ford Motor Company’s president and CEO, Allan Mullaly. He had the foresight three years ago to strengthen his firm’s cash and credit reserves in anticipation of the inevitable decline of auto sales. He also invested heavily in more fuel efficient products at just the right time for market conditions. When GM and Chrysler headed hats-in-hand to Washington last fall, Mullaly said Ford didn’t want a bailout and then watched quietly as his two cross-town rivals committed corporate suicide. Now Ford is positioned strongly to be the last great American car company. With a guy like that at the helm, it’s enough to make people who love American free enterprise go out and buy a new Ford. http://johnltdo5455.wordpress.com/2009/05/08/obamas-gangster-government/
