Examples are multiplying of Obama's disregard if not contempt for the U.S. Constitution and the laws of the United States.
The Chrysler bankruptcy is a dramatic illustration of how the administration is corrupting the bankruptcy process to favor the UAW union at the expense of secured bondholders who under the law come first in any bankruptcy proceeding.
The lawyers at Powerline have reported on what Obama is doing that his press sychophants are ignoring.
In two articles they describe how Obama is turning the U.S. into a Banana Republic where the rule of law is an inconvenience to be pushed aside.
Bankruptcy lawyer taped on a Detroit radio station to interviewer:
Lauria: Let me tell you it's no fun standing on this side of the fence opposing the President of the United States. In fact, let me just say, people have asked me who I represent. That's a moving target. I can tell you for sure that I represent one less investor today than I represented yesterday. One of my clients was directly threatened by the White House and in essence compelled to withdraw its opposition to the deal under the threat that the full force of the White House Press Corps would destroy its reputation if it continued to fight. That's how hard it is to stand on this side of the fence.Beckman: Was that Perella Weinberg?
Lauria: That was Perella Weinberg.
Powerline then reported this:
The Obama administration denies making the threats alleged by Lauria. The denial, however, is merely a bald assertion. Lauria is the head of the bankruptcy group at White & Case [one of America's premier law firms], and a Democrat who contributed $10,000 to the Democratic Senatorial Campaign Committee in 2008. In that sense, you could say that he helped to bring about the corrupt regime that is now bullying his clients. But his credibility vastly exceeds that of an administration spokesman who, having no knowledge of the facts, is sent out to issue a blanket denial.
Obama's Marxist upbringing and experience in the corrupt Chicagoland swamp has prepared him well to be mob boss of America.
