Originally posted by ghaleon12
And if they went bankrupt without any government help, the person she was referring to might have completely lost their dealership and same with every other GM dealer out there. Losing some things is better than losing everything.
Under a normal Bankruptcy procedure, most of this would not have been allowed. It would have gone like the Airlines in that the customers would not have noticed much difference. Most Dealers would have survived.
Obama did an end run around the law and it is likely the Supreme Court, to late to help, will not support what is happening. But when that happens who pays the losers who were ripped off. I can't imagine the thieving mind that would burn the secured investors and give it to the Unions. Anyone who can't see what is going on is blind or on the DNC's payroll.
This is the stupidest crap I've ever seen. The more Dealers, the more they make. Dealers survive or fail on their own. If there are too many some fail if there are not enough new ones succeed. This is a pure case of Obama paying his debt's for getting elected. It may backfire however in the courts. You can't steal from secured investors and give it to the Unions unless the Courts are rigged. Not all judges are Democrats willing to break the law to destroy small business and turn everything over to big corporations an unions. That is of course their goal.
Even the tax code is being manipulated to force incorporation on everyone. Incorporation means you can be completely controlled by an Obama Czar.