A good example of Obama's thuggish tactics. Laws mean nothing to him and he is hell-bent on destroying the US capitalist system that made it the greatest, richest, most prosperous nation in the world.
It's largely gone now and I doubt it will ever return even if he's defeated in 2012. If he isn't defeated, kiss freedom, including internet free-speech, good-bye.
The government is on the way to telling us what cars to drive. It already tells us what kind of toilets, appliances and light bulbs we can buy and what kind of cups and bags we can use.
It tells private corporations what they can sell (McDonalds, in particular). It will soon tell us what kind of health insurance we have to buy.
More excerpts from your article:
"The government was in a strong position to bully some of these creditors, because they themselves received TARP funds. Once they had their hooks in them, the Obama administration and Congress made the companies to do their bidding, insisting they build politically correct hybrid cars and keep open politically favored dealerships.
Ultimately, the moral stature of capitalism depends on a structure of rules that applies to firms large and small, politically connected and not. By this standard, the auto bailouts fail miserably, and so perfectly distill Obamanomics."
realclearpolitics.com
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