We are fascinated by the alleged strong arm tactics the Obama administration allegedly introduced into their negotiations with senior debt holders of the Chrysler Corporation. A representative of the administration, car czar Steve Rattner, allegedly threatened an official representing Chrysler creditors. As reported on Fox news, Thomas Lauria, an attorney at White & Case, one of this nation’s most prestigious law firms, Rattner suggested to an official of Perella Weinberg Partners, an investment bank, that the Obama administration would destroy the firms reputation through the press, if it failed to comply with the administrations wishes.
The Obama administration has denied the allegations by Lauria. Ceo4adayfinds the allegation by Mister Lauria, to be credible based on our belief, that the arrogance of this President and his administration may be unmatched in the history of our nation. We do not believe that the Global Practice Head of the Financial Restructuring and Insolvency Group at White & Case, with 130 lawyers in 20 nations reporting to him, would jeopardize his reputation or the reputation of one of the world’s premier law firms by lying or misrepresenting the event as reported.
The Obama administration has a singular goal with respect to the Chrysler bankruptcy. Their goal is to protect and where possible expand the interest of the United Auto Workers. The UAW, represents the largest special interest group in America, labor unions, which peeked in the 1950’s, when 36% of Americans were union members and have been declining as a percentage of our national labor force to approximately 10% toda . However, the influence the labor unions have purchased with Barack Obama and the Democrat party, rather than decline, has expanded at a disproportionate ratio. The alliance between the progressive left and labor has formed the nucleus which funded the Obama campaign and provided the agenda for the inexperienced Barack Obama.
The Obama administration is intent upon restoring the American labor movement to the place of prominence it held in its golden era. Barack Obama in the past week indicated that the loss of manufacturing jobs in this country would not be an issue if WalMart would pay employees $25 per hour. A mission no doubt that he will continue to work toward in conjuction with his union supporters.
We should not be surprised by the allegation of threats by the Obama administration to further their agenda. The administration since the inauguration has been focused on control. We have a President, who though he states he does not want to run the auto companies or the banks, relishes the role of shareholder in chief as he seeks to transform the auto industry to green favored electric cars produced by union owned companies.
The tactics deployed by the Obama administration in their desire to protect the UAW are nothing less than the execution of an administration agenda that equates to progressive fascism wrapped in the pageantry of the Presidency.
Interesting story — I just wrote a post on a similar topic. I think you might find it interesting:
http://politicsdecoded.com/2009/05/06/limbaugh/