The Obama Administration - Tyranny Begins With A Single Benign Act Of Lawlessness

Start small: dispose of a pesky corporate CEO, who is not compliant and objects to your grand design for the U.S. automobile industry. Who could object to the summary dismissal of the unpopular Mr. Wagoner, after all he was just getting in the way of the grand plan. Never mind that President Obama had no such legal authority. By simple fiat, he fired a sitting corporate CEO, and overrode those with the legal authority to make such decisions, the GM board of directors.

Like so many politicians before him, he instinctively knows that in an opportune economic crisis, it is only a small step from being the duly elected “President” to being transformed into a charismatic leader with the power to bend the will of the people to his own. It is comforting to know that his obsequious followers in the heretofore-free press will deal with criticism harshly. Even proposing mind-boggling trillion dollar per year deficits for the next decade are met with wild enthusiasm by an adoring press. And the trap is sprung - he begins to believe his own press.

Emboldened by the muted public response to his first indiscretion the popular new leader is crowned, His Royal Highness (HRH) Obama, and summarily rewrites the bankruptcy laws to suit his royal whim. Through thuggish coercion HRH Obama and his court forced the senior-secured lenders to take a secondary position to unsecured lenders in the “pre-packaged” Chrysler-FIAT bankruptcy plan. HRH Obama in his royal decree characterized the 20 or so lenders who initially opposed his plan as “a small group of speculators”. His left wing “nut job” lackey Representative Dingell characterized them as “vultures” and warned that they “will be dealt with in court”. Their crime one can only assume was being moneylenders. Lest there be unrest in the kingdom the 20 recalcitrant lenders were also made to bow before their popular sovereign.

Until recently, senior secured lenders, those that held a contract that gave them first lien on a companies assets, had a preferential position in any bankruptcy proceeding unless of course they “voluntarily” give up that right. HRH Obama has by simple royal fiat and thuggery eliminated this centuries old legal right. By royal edict he has managed to payoff his loyal political supports, the UAW, with a majority, 55%, stake in the new Chrysler-FIAT consortium.

I guess the new standard at the Obama Court is to encourage financial institutions to ignore their fiduciary responsibility to the “widows and orphans” pension plans they manage, if it gets in the way of HRH Obama’s Chicago style political payola.

In time-honored tyrannical tradition HRH takes advantage of an economic crisis and selects an unpopular target: Greedy Wall Street bankers! Hedge fund moneylenders! Speculators! Shameful profiteers! It is so ever so tempting to fall back on classic stereotyping. Appealing to innate prejudice is like taking candy from a baby for an articulate politician who wants his way at any cost.

HRH Obama’s populist demagogic outcries against America’s 200-year history of free market capitalism seem limitless but no doubt well thought out. Who could object if a young and popular king teaches these scoundrels the lesson they disserve? In such dire circumstances who could blame him for ignoring the legal niceties?

With two simple and apparently benign lawless acts this popular young sovereign has changed the American ideal from a nation laws to a nation where the monarch can override centuries of legal tradition with a simple wave of the royal hand.

Our Anglo-American legal traditions have been stood on their head. It is as if the Magna Carta had never been written and King John never accepted that his will could be bound by the law.

Where will we go next: what law will we bent or broken if it gets in the way of HRH’s vision of an American social revolution?

http://www.cincinnatusblog.com/tyr/

********************

I can't believe that the Supreme Court would not even take the time to hear this matter. How does Obama give the Treasury Department the power to decide who gets what in a bankruptcy proceeding? Congress should never let something like this happen.

People got exactly what they wanted, someone who's good at speaking and no other qualifications.

Job Listing...

Help Wanted....

Must be good at public speaking with a personable appearance, well groomed, and able to take and follows orders as the position dictates.

Must adhere stringently to orders from superiors regardless of personal beliefs. Must be willing to work long hours as needed, including weekends, and on-call for personal appearances to supply scripted support for employees and customers.

Must be willing to travel at a moments notice, able to bow and apologise as needed, and sign your name.

Compensation is $200,000.00 a year, many paid vacations, work apparal, limosine with driver, helocopter and jumbo jet with pilot and crew, personal security detail, luxury accomodations and full staff to meet your needs.

This is a 4 year position with the posibility to become 8 years on approval of superiors.

Please apply to:

The Federal Reserve Bank of America or any of it's corporate intrests.