That part where he addresses the jettisoned dealers who operated in good
faith, invested loads of money, and who are left holding inventory,
facilities, staff, and customer commitments must have been cut out of my
copy. And how the union gets their (large) piece of the pie. And how
the president and US gummint engineered this whole thing in
contravention of existing laws, e.g., a little principle called "due
process," that are supposed to deal with these kinds of situations.
Did anyone else get that in their missive?
See here for another perspective, one that rings a bit more true:
http://online.wsj.com/article/SB124277581459836917.html
"Fairness in a law-abiding society is due process. In the Chrysler
bankruptcy, the administration hijacked the legal forms for a political
end that it could have delivered honestly by the government buying
Chrysler out of liquidation and handing it to the UAW."
--R
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