2009-04-01

Different Standard?

Here's a video of a liberal making the case that Obama has a different standard for the Auto Industry vs the Banking Industry.

WRONG.

Why the different standard?

First, AIG has had it's CEO replaced. So there's the same standard.

Furthermore, the Government doesn't have the authority to abrogate contracts - it has the secure the agreement of the parties to that contract, as I've talked about before.

It might get there, but this is not yet a situation where you can indict the Obama Administration as you could with the Bush Administration's TARP program.  It might get there, but not yet.

No comments: