Demonstrating his utter contempt for the free market, as well as contract law, Barack Obama recently told senior creditors, i.e. bondholders, in General Motors and Chrysler to accept a pittance for their secured place in line, or nothing.
He then called them "vultures."
Most of the bond holders caved, including big banks, unable to withstand the political pressure and bullying of the state run amok.
But not the Indiana Teacher's Union.
They're going to court.
Let's hope Mr Obama is convicted for his larceny, as well as his libel.
Separate But Equal Is Best Scenario
4 years ago