Wednesday, May 6, 2009

Unbelievable Sweet Deal

Check out this report from Glenn Beck about the bailout/"managed" bankruptcy of Chrysler;

http://www.foxnews.com/video/index.html?playerId=011008&streamingFormat=FLASH&referralObject=4870799&referralPlaylistId=f909db77f0ad31bbfd35cb7e6a04f50204809c04

If this is true as reported, there is something very wrong going on in D.C. and I'm not sure what to think yet. I am going to think about it and look for some historical references, but this is very disturbing.

Again, if this is true as reported this is just a power grab by D.C. Nothing good can come from this and their stated reasons for saving Chrysler are all lies.

We live in some scary times, friends.

Update: BusinessInsider.com has great coverage of the Chrysler deals and it looks to be as bad as Beck was suggesting in his video (linked above). BI has an entire tab devoted to Chrysler right now and there are numerous stories. I suggest reading them all if you at all concerned about this country's future and what this current Obama Administration and Congress are doing to our fate.

Key Graph from this article:

"It boggles the mind to see progressives deciding that because the White House and a corporation deny a charge, that the charge must be false. Imagine, for instance, these folks accepting a version of events simply because it had been put forth by the Bush White House and Halliburton. But this is exactly what Think Progress and Media Matters are doing. It's as if their cognitive critical apparatus had simply stopped functioning sometime in January."
Read more on there website. It is very illuminating. I also found this story about Republic Windows, showing that there is a pattern here of the White House and its lapdog media portraying the big labor unions as victims and 'little guys' while they put their boot heels on the necks of the banks, hedge fund guys and anyone else that gets in their way. This is strong-arm tactics that have no place in a free society.

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