[HT:HE]
Give President Barack Obama credit — he at least made the proverbial offer Chrysler’s secured creditors couldn’t refuse. The way Obama strong-armed creditors who rightfully expected to be treated justly under the law was right out of Juan Peron’s playbook.
Like the Argentinian strong man, Obama muscled the owners and creditors out of a productive private company and gave it to union leaders, who will then fill his campaign coffers in gratitude for his generosity.
The Examiner’s Michael Barone — who has forgotten more about American government and politics than most Washington, D.C., political experts know — was correct to dub Obama’s Chrysler heist “an episode of Gangster Government.” [snip]
Contrasting mightily with the Pennsylvania Avenue Gang’s thuggery is the quiet confidence of Ford Motor Co.’s president and CEO, Allan Mullaly. When GM and Chrysler headed hats-in-hand to Washington last fall, Mullaly said Ford didn’t want a bailout. With a guy like that at the helm, it’s enough to make people who love American free enterprise go out and buy a new Ford.
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