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Slouching Toward Damascus
American Thinker ^ | December 9, 2012 | Clarice Feldman

Posted on 12/09/2012 11:20:22 AM PST by jazusamo

This was a week of some surprises and some perfectly foreseeable consequences of forces which have been in play for some time.

The fiscal cliff talks have gone nowhere, to the surprise of only the most daft who do not realize that the President does not want a pragmatic solution. He's fixated on soaking "the rich", stirring up class hatred and trying to drive a wedge between his opposition forces.

Among the surprises is this: Michigan, long seen as the showplace home of America's industrialized unions, has voted to become a right to work state. Its Governor Rick Snyder said -- despite massive union protests -- he could sign the legislation into law as early as next week, after which labor contracts in that state could no longer provide automatic deduction of union payments from employees regardless of whether or not they'd joined unions.

Another surprise to me this week involves the GM bailout, which turned American property law on its head to pay off the UAW, but may well be reversed. Judge Robert Gerber believes that when he approved the sale agreement he was not informed of a "lock-up agreement" by which, on the eve of entering bankruptcy, the company spun off its liabilities to "old GM" , used the multi-billion dollar bailout to create a new company which now had assets and no liabilities. The suit was brought by the "old GM" trustees against the hedge funds at the heart of the agreement.

Accounts of the hearing indicate Judge Gerber was not happy with the secret deal:

(Excerpt) Read more at americanthinker.com ...


TOPICS: Business/Economy; Culture/Society; Foreign Affairs; News/Current Events
KEYWORDS: bankruptcy; detroit; fiscalcliff; gm; governmentmotors; michigan; middleeast; righttowork; unions

1 posted on 12/09/2012 11:20:27 AM PST by jazusamo
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To: jazusamo

Obama is already running for his third term


2 posted on 12/09/2012 11:26:58 AM PST by GeronL (http://asspos.blogspot.com)
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To: GeronL

I have to wonder; is Obama stirring up the union bosses who are clearly in bed with him, to go out on strike, making strident demands all over the country? Seems the Hostess company finally just called their bluff and shut their doors; as will many others probably have to do. Appears to be an orchestrated, convoluted way “forward” - if a leader really values “jobs”.


3 posted on 12/09/2012 11:33:17 AM PST by Twinkie (The WICKED walk on every side when EVIL men are exalted. Psalm 12:8)
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To: Twinkie

I have no idea. But it all seems to work together.


4 posted on 12/09/2012 11:36:06 AM PST by GeronL (http://asspos.blogspot.com)
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To: GeronL; Twinkie
Obama is already running for his third term

Not much doubt about it, he and Trumka (thug extraordinaire) are tight and coordinate often.

5 posted on 12/09/2012 11:38:23 AM PST by jazusamo ("Intellect is not wisdom" -- Thomas Sowell)
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To: jazusamo
obama is a communist and I'm waiting for one of the talking heads on the worthless Sunday talk/yak shows to come right out and say it. Worthless pos's that they are.

FMCDH(BITS)

6 posted on 12/09/2012 11:52:57 AM PST by nothingnew (I fear for my Republic due to marxist influence in our government. Open eyes/see)
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To: jazusamo

Given the behavior of unions, I hope the Judge and his family survive this.


7 posted on 12/09/2012 12:00:10 PM PST by GladesGuru (In a society predicated upon freedom, it is necessary to examine principles."..)
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To: GladesGuru

Isn’t that the truth, plus it’ll give Obama a huge black eye over “his” bailout.


8 posted on 12/09/2012 12:05:08 PM PST by jazusamo ("Intellect is not wisdom" -- Thomas Sowell)
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To: GeronL

Moochelle is going to be the candidate. Bet on it. That would be the same as a third - and fourth - term.


9 posted on 12/09/2012 12:43:25 PM PST by livius
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To: jazusamo
Declining empires want stability without war and they are willing to cut a deal with anyone on the way up who has a large enough army and will promise to keep the peace.

Well. There we are.

10 posted on 12/09/2012 3:05:00 PM PST by BfloGuy (Workers and consumers are, of course, identical.)
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