"If Chrysler’s lenders can’t get their contracts respected, other lenders will notice, and will be much less likely to fund big or small U.S. businesses, knowing that contracts can be so easily ripped apart by politicians. As an editorial in USA Today, a newspaper not known as a bastion of conservative or libertarian though, puts it, Chrysler’s creditors fighting the Obama administration “are not only defending their own interests, they are standing up for the principles vital to functioning credit markets.”"
Thursday, May 7, 2009
Another consequence of having a dumb thug as President....
Obama Policy as Bankrupt as Chrysler:
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