No one calls this a scandal

“Between 2000 and 2008, the United Auto Workers (UAW) union” gave 23.7 million dollars to Democrats, including Barack Obama. “In return, the UAW received 55 percent of Chrysler and 17.5 percent of GM, plus billions of dollars.” Newt Gingrich pointed this out. Where are our investigative reporters who were glued to Bush's every misstep?

In a rigged proceeding in which the federal government disregarded bankruptcy law in favor of the political outcome it desired, the Chrysler bankruptcy laid the predicate for the much larger General Motors bankruptcy to come. Against law and precedent, the unions were moved to the front of the line when it came to who would benefit from the bankruptcy.

The Obama Treasury Department strong-armed Chrysler’s creditors into a deal in which the UAW was given 55 percent ownership of the company while Chrysler’s secured creditors – investors who would have received priority in a non-political bankruptcy proceeding – were left with just 29 cents on the dollar.

Indiana pension funds aren't the only ones getting hit. Even Democrats are invested in pensions. They should be very worried about what their president is doing to the rule of law in this country.

HT Recliner Commentaries