More On Obama Looting of Chrysler Investors

Don Surber, Obama’s pay-to-play scheme

[…]But the Obama administration threatens taxpaying Americans if they don’t give his government concessions that amount to a tax by taking less money than they loaned the businesses that Obama Inc. is taking over.

Tapper reported: “Thomas Lauria, Global Practice Head of the Financial Restructuring and Insolvency Group at White & Case, told ABC News that Rattner suggested to an official of the boutique investment bank Perella Weinberg Partners that officials of the Obama White House would embarrass the firm for opposing the Obama administration plan, which President Obama announced Thursday, and which requires creditors to accept roughly 29 cents on the dollar for an estimated $6.8 billion owed by Chrysler.”

In short, Obama wants companies to eat nearly $5 billion so that he can give away Chrysler to protect union jobs.

The unions that backed him. This is their payoff.

If true, this is the biggest corruption scam in American history[…]

And bound to encourage business and investment in the US under Obama ad-hoc (and uniquely compassionate) contract law (not).

Maybe Obama (constitutional law lecturer and ACORN instructor) can order his next batch of suckers to invest in America.

But it slipped my memory. Obama recommends investment in Red China first, and far ahead of the pathetic United States here: Obama to Business, Investors: Red China Vastly Superior

A truly compassionate leader is Obama.


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