On Jun 1, 2009, at 9:50 AM, Charles Bennett wrote:

> Just in case you think it's all fat cats.
>
> http://amfix.blogs.cnn.com/2009/06/01/bondholder-furious-over-gm-bankruptcy/
>
> Wrong union I guess.

Are you complaining that the administration is too 'socialist' or not  
socialist enough.
>
> My actual question is a simple.   By what Constitutional authority can
> the Govt. hold any shares of GM and give preferential treatment to
> campaign donors  (Autoworkers Uniion)
>
> I'm truly surprised that this isn't on the way to the Supreme Court to
> be challenged.

Crony capitalism, er public-private partnerships, has been a fixture  
of government at all levels and under both parties at least since the  
Reagan administration.
>
> (Same for the Banks and Chrysler too)
>
> If I had wanted stock in these dogs, I would have bought them
> directly, not via my Congress Critter.

I can't help seeing the auto company bailouts as more benign and as  
serving a greater public purpose than the interventions in the  
financial sector. I wonder if the nutters agree.


---
Just because they're good at propaganda doesn't mean we have to be  
good at stupid.
-Marty Kaplan

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