Rule of Law: Good for Retirees or Only Terrorists?
Rory Cooper /
Today President Obama stood on the world stage and demanded that suspected terrorists be treated under the “rule of law.” In fact, he used the phrase “rule of law” eight times. It is now time for him to use the phrase “rule of law” when it comes to Americans. In the next two weeks, the President will likely endorse a series of measures in his role as CEO of the car companies that may violate a number of U.S. contract laws, bankruptcy laws and financial rules and regulations.
The United States is a nation of laws, and we must abide by these rulings.
The President is quickly learning that running a car company isn’t easy, and neither is being responsible for the economic future of unemployed Americans. Since the President became chief executive of the Big Government Two many autoworkers, dealership employees, suppliers and others have lost thousands of jobs. And amidst these troubling economic times, the President is also potentially taking away the retirement futures of many of these workers. How? Many retirees in America are also GM and Chrysler bondholders.