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Politics : Politics of Energy -- Ignore unavailable to you. Want to Upgrade?

To: steve harris who wrote (8445)	5/23/2009 8:14:34 AM
From: RetiredNow	Read Replies (2) \| Respond to of 86356

OK. Thx for the example. The article is correct in saying that the Obama administration has bullied some of these companies into doing certain things. But no law was broken. All Obama and the Treasury can do is talk, whip up the media, and threaten to withold government loans and aid. That was clearly enough to shake up Chrystler and some of the banks. However, here's the reality. Each of those companies, in the end, acted voluntarily. They could have told him no and there would have been nothing he could have done other than withold loans and aid. In fact, some of the banks and insurers like AIG did tell him now when it came to bonus payouts, because they already had contractual obligations to pay those bonuses. And guess what? They paid those bonuses. So although I can understand your outrage and the Obama Administration bullying those companies, the fact is that no law was broken. Now Bush and Cheney broke laws, they even admit to breaking. They tried to re-interpret torture laws to suit their purposes, but their re-interpretations were rejected by the Supreme Court. So if you want to put someone in jail for breaking the law, then you need to look no further than the last administration.