Neil Boortz explained the significance of how the Chrysler bankruptcy was handled. Normally the “creditors” – bond holders and so forth – are the first to be paid. But the Obama Admin instead told the creditors that they better play ball and take what they would give them. When they demurred to this honor, the White House told them “Too bad.” And then gave the unions first dibs on the pickings, in defiance of all law and precedent.

Boortz said that this could only mean that the financial industry would have to weigh carefully the impact of influential unions in deciding loans and very probably decide that when the unions had bought the politicians involved that the loan was too risky. And you can see where that will lead. Strongarm political tactics will be applied when the unions need some financial help for the companies they have preyed upon. “Nice little bank ya gotcha here. Be too bad if sumthin’ was to happen to it. Like the IRS, fer example. Or maybe some ACORN demonstrators was’ta bust in. Really be too bad.”

This is beginning to look like the sequel to “Johnny Dangerously.”