Posted on 06/09/2009 4:28:47 PM PDT by Para-Ord.45
Edited on 06/09/2009 4:38:36 PM PDT by Admin Moderator. [history]
High court won't block Chrysler sale
WASHINGTON (AP) - The Supreme Court has cleared the way for Chrysler's sale to Fiat, turning down a last-ditch bid by opponents of the deal.
The court said late Tuesday it had rejected a plea to block the sale of most of Chrysler's assets to the Italian automaker. Chrysler, Fiat and the Obama administration had warned that the high court's intervention could have scuttled the sale.
A federal appeals court in New York had earlier approved the sale, but gave opponents until Monday afternoon to try to get the Supreme Court to intervene.
Justice Ruth Bader Ginsburg ordered a temporary delay just before a 4 p.m. deadline on Monday.
Excerpt.
“China will be paying attention to this too.”
Next they will stop buying our debt...next step in forcing the demise of America and socalist rule.
Your point is noted, as a strategic point. As a tactical point, I would say this. If you're trying to sink the boat, you've got a lot longer time to achieve success than if you're trying to fix a leak and stop it from sinking.
With environmentalists, if it takes them 5 years or 5 decades, they'll keep working until they sink the boat. We have plenty of time to fight them, and they to fight us.
With FDR, he caused a lot of little leaks. Some were fixed. Some we continue to bail out even now.
This current administration, however, is creating gaping holes below the waterline. Saying, "We'll get to it later" might find us patching the hull of a sunken ship.
No , but it’s a start. Just told my liberal family via facebook to basically go to h#ll.
I thought that was a given :)
It’s a PER CURIUM order, which means an order from the entire court:
http://www.scotusblog.com/wp/wp-content/uploads/2009/06/chrysler-order-6-9-09.pdf
Justice Ginsberg is a lib who no doubt voted against the stay, but at least she had class enough to take the matter to her 8 fellow Justices. I don’t trust that a hack like Sotomayor would do the same thing.
Yes, technically they didn’t rule, but the effect is that they did. Any first year bankruptcy lawyer knows that the sale is a sub rosa plan and that it violates the absolute prioity rule, among other things. SCOTUS, if it were a real court, would have ruled immediately for the bondholders.
Your point is best made by history — It took years to get FDRs Fascism stopped ...
OK thanks.
You don’t have to have been harmed already to get a stay - the harm needs to be imminent and irreparable.
sig heil.
I hope China liberates the US and re-institutes Capitalism. /s
Thanks. I can’t find the FR thread, but located the govtrack resolution (H. J. Res. 5).
Then there is only one option left.
It will take more than a "bit" and it may take forever. Not too long ago we conservatives were gloating over the demise of the media. Talk radio, the Internet, one cable news channel who broke from the pack had broken the stranglehold and we were off to the races. Not so fast. It actually started to turn during the Clinton impeachment. Sept 11 slowed it down a lot, but once the Iraq War drug out, they were in a position to turn on the juice. The so-called Old Media destroyed Bush with 24/7 bashing and took the Republicans with him-- helped along by the ineptitude of the non-existent defense.
Now we are seeing the reverse. 99% of all coverage of obama is positive. No matter how bad things get, he will get a pass and the blame will go elsewhere. The Old Media is determined to paint this guy as a hero and any critic as a nutjob. The only real reality is what is reported as reality. You think obama won't be presented as a crusader for fiscal responsibility while he breaks the bank?
After the market tanks and jobs are bled away at a record pace, people will start to get pissed off and the answer will be to enact cap and trade, VAT, higher income taxes and socialized medicine. All they have to do is get the anger directed where they want it to go. That should finish us off, which is what they are after in the first place. Full control.
You think these obama people are naive and have a lot to learn. I think they have learned all to well
This is political payback. Retirees don’t contribute much to political campaigns. Unions contribute hundreds of millions.
I think you could speculate the SC thought that Chrysler would be harmed with the stay ... And the investors not so much so at this point. But there wasn’t enough information in the order.
The fact that the first paragraph said the SC was not ruling on the underlying issues, gives hope that change can come.
Would you buy a Fiat? For what?
Constitutional Law is fluid.
Yea, but what kind...
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Well....we know Obama is pi$$ing all over it for sure.
There's more to history than FDR. In that particular instance, certainly time healed many wounds.
Mark Twain once said, "The past does not repeat itself, but it rhymes."
We've seen courts move too slowly or find themselves too weak to stop the loss of freedom before. We've seen courts slowly undo the damage that tyrants have sought to impose on the law.
How will this scenario rhyme with the past? You have great hope that we have enough time left, or the courts have enough power left, to stop what is unfolding. That is one rhyme that could come to pass. But at this stage, I find it increasingly less likely.
For some history of how the SC has already rashed the Constitution for decades, read “The Dirty Dozen” (about twelve cases) by Levy and Mellor. It’s available at amazon.com
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