Scorched Earth America

More on the shocking behavior by the President and his White House in regard to the Chrysler cramdown and Lauria's speaking out. Powerline:

Barack Obama's lawless conduct in connection with the Chrysler bankruptcy is sending shock waves through the business community. It is important to understand what is happening here. Many think that Obama is merely engaging in crony capitalism, favoring his political supporters (most notably the Auto Workers Union) at the expense of others. That's true, of course, but it is much worse than that: Obama has tried to bully those who have not bought his favor--Chrysler's non-TARP secured creditors--into giving up their legal rights by threatening to use the powers of the White House to damage their businesses. This sort of lawlessness is common in some of the more corrupt Third World countries, but it is brand new to the United States.

Read on.

This is truly frightening--and let's be clear--these creditors are representing people's college funds, retirement savings, yet they are being demonized so the president can favor his union political contributors.

He is trampling on the rule of law, the bedrock of freedom in this country--the reason we are a safe haven for individuals and investors from around the world. Our president is conducting a scorched earth scourge against his fellow Americans, dividing and imperiling this country.