Before the euphemisms destroy clarity, let’s pause for station identification:
“Car Czar” and government “warrants” = NATIONALIZATION of business = socialism or communism, not capitalism where government’s sole job is to PROTECT absolute rights of individuals like stockholders and creditors.
…and from yesterday’s Illinois scandal, but completely germane here:
“Pay to Play” = extortion = threatening loss with more loss in order to pay the parasites as they suck the remaining carcasses dry.
The parasites in today’s news are the inept directors, managers, unions, and their “bought/paid/owned/” politicians like Senators Levin and Stabenow….
Advocates of individual rights? Producers who expect to earn what they receive? Not a one.
The most laughably pathetic parasite in my view, however, is Chairman John Snow of Cerberus – the private equity firm that bought Chrysler. Snow was the one who as Treasury Secretary got much of the current global economic meltdown started by his determined weakening of the dollar – to help his buddies at places like big steel who couldn’t compete with foreign companies – by sacrificing the US producers and taxpayers!
History will record Snow and his boss Bush, along with the Fed, et al. as total fools. At least we get to see some justice now as Cerberus rightfully loses its $7+ Billion investment in Chrysler.
