Tuesday, March 31, 2009

Where is the authority for this?

Can anyone cite to any provision in the Constitution, or to any legislation, or to any decision in common law, which grants the president the authority to assert "unprecedented government control over the auto industry Monday, bluntly rejecting turnaround plans by General Motors Corp. and Chrysler LLC, demanding fresh concessions for long-term federal aid and raising the possibility of quick bankruptcy for either ailing auto giant."


BTW - If Fiat buys Chrysler, how does that preserve a U.S. owned auto company? Isn't that losing sight of the original goal?

No comments: