WSJ: High Court Clears Way for Sale of Chrysler.
Both Chrysler and the Obama administration argued strenuously that speed was of the essence in the company's Chapter 11 restructuring, and that any delays could jeopardize the Auburn Hills, Mich., auto maker's future, chasing away potential customers, straining its suppliers, and potentially causing Fiat to turn away from the deal.
Just when you think that the right thing will be done - as in the people who invested in Chrysler, as opposed to those who brought it down, would get a bit of a return on their efforts - everything changes, and changes for the worse. Well, let Fiat have the company, I will never buy a Chrysler again even if it becomes the last car make in the world. The UAW has won an undeserved victory - fortunately thousands of their members will find out what it is like to actually have to work for a living. The Obamites' claim that Fiat will pull out if things don't move along is a crock, a myth that has been dispelled by Fiat itself. The reason for moving the proceedings along so quickly is for the benefit of Obama supporters - the UAW - and so that no one has a chance to fully investigate any potential illegalities. Obama cares nothing about the American worker if that worker doesn't belong to a union. The Indiana pension funds are made up of investors that are just so many nuisances that are to be swept aside in his quest for power. In the next election we'll see how many of these nuisances vote for the Obama.
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