Posted by
Steve on Tuesday, June 02, 2009 9:03:40 AM
Yesterday, GM filed for bankruptcy. That, in and of itself, is not the important thing. The important thing is the deal that has been worked out. The deal is anti-constitutional because of what it does to the 5th amendment.
The deal, as I can recall, is this; after the bankruptcy is over, the federal government will own 72% of GM, UAW will own 17% and secured creditors will own 11%. The federal government has no authority to own a private business. That makes this deal illegal, according to the Constitution. The fact that no member of Congress, either Republican or Democrat, has objected is instructive. They either feel that the federal government has the authority or that Barack Obama is so strong they dare not say anything. I believe that it is the latter that is taking place. Barack Obama is so strong right now; anyone objecting will be cut off at the knees in a heartbeat.
The UAW, the union, is an unsecured debtor. That means that in a bankruptcy, they get whatever is left over after the secured debtors get paid in full. In this deal, they are paid much more for their unsecured share of GM than the secured debtors are paid for their secured share of GM. That is against the takings clause of the constitution. It has been long established law that secured debtors are paid in full before unsecured debtors are paid anything. In this deal, things are backwards. The reason things are backwards is that the UAW helped get Barack Obama elected President. The secured debtors did not help get Barack Obama elected President in any direct way. That is why the UAW came out on top in this deal. That seems to be the way things are in Barack Obama’s world. It worked the same way with Chrysler dealerships that were closed. If a Chrysler dealer gave only to Republicans, they were closed. If they gave to Democrats, they were kept open. Only one dealer that gave to Democrats was closed and they gave only $200. All the rest gave only to Republicans. The Dealers that were kept open gave heavily to Democrats.
This deal makes us officially a socialist country. All the other things that have been going on have pointed in this direction, but could be argued that they were not socialist. This is obviously socialist by definition. That puts us on a road that I thought was impossible for America to ever be on. I fear, now, for America. My children and grandchildren will never know the freedom to succeed that I enjoyed. That is a shame. It is my generation that is to blame for this disaster. Even though Barack Obama is not from my generation, he is a product of it. My generation should have been more responsible. Then this would not have happened. We now need to work to fix it before it goes too far.
That GM is a socialist company is now undeniable. It means that I will stay away from any GM vehicles until GM is sold to private investors.
GM now has a competitive advantage over its rivals. It can be subsidized by their taxes and can receive tax breaks that the other companies cannot receive. If their prices are far enough below the others, the other companies may feel they have to go the same route to be competitive. That would mean the entire industry would be destroyed. Right now, the other companies should still be able to make vehicles that people want. GM will make vehicles that the government wants people to buy. The two are not the same thing. The government, because of Barack Obama’s belief in the hoax of global warming, will want you to buy very small cars. Americans want cars they can fit the entire family in and are safe. Americans also like their trucks. Trucks will probably not be part of the GM lineup. At least a variety of trucks will not be on their lineup.
We are now in uncharted territory for America. We know what will happen if we look at Venezuela or any other country that has embraced socialism. If that happens, I expect a knock on the door and a visit to the friendly police station. I will not keep silent about the destruction of the America that I love.