How did I not pick up on your subliminal signals?
WW. For the record I neither need nor would rely on DNC talking points. As a former staffer for a US President, Senator and Governor, I do my own research, construct my own arguments and, as at least Alamo has observed, can handle the written word.
I regret to observe that despite my bestowing the old Irish blessing on you, it appears the wind is not at your back, but continues to emanate from a part of your anatomy in that general area.
I have no idea if you are a racist, anti-Nevadan, anti-dead. Antigay, pro or anti Elvis, a John, Paul, George or Ringo Beatle fan or a Keith Richards wannabe or wear a tin foil hat. Nor do I care. But if you found my critique of your post reminded you of a "bitchy, disapproving wife" - my feminist friends would find the sexist handle pretty apt.
Rather to try to refute my talking points, I would recommend you familiarize yourself with the views of Wendell Potter, the former CIGNA PR executive, on how the health insurance industry creates and disseminates its talking points. That might help you to get beyond the pre-packaged flotsam mixed in the backrooms of the insurance industry think tanks and pimped to their wholly-owned subsidiary - the Republican Party and to the False News show anchors.
Or maybe we just forget it all.
Bame Mata raises an obvious point about the futility of what Barney Frank - my old buddy - would term arguing with a dining room table!
Citizen Walleye - stay well in your self-built log cabin. Now Alamo lets talk Wars
Alamo --- you make some very valid points.
Remember James Madison (one of Walleye's revered Founding Fathers) wrote in 1795 - "Of all the enemies to public liberty war is, perhaps, the most to be dreaded because it comprises and develops the germ of every other. War is the parent of armies; from these proceed debts and taxes. Known instruments for bringing the many under the domination of the few. No nation could preserve its freedom in the midst of continual warfare."
I agree that the Iraq War represents the dumbest foreign policy decision in my lifetime, with Vietnam a distant second (except for the 50+k dead US troops, tens of thousands of physically and mentally damaged veterans and the millions of dead or damaged innocent Vietnamese)
The greatest irony of Vietnam to me is that the loss of that war occurred over seven years of the Nixon presidency and the admission of defeat came when President Ford ordered the US retreat from Saigon, yet antiwar Democrats have always carried the blame for the US defeat. Because they were right that the "domino theory" was about as valid as the "Saddam has WMDs" horse shit, they had to be discredited. Because the US military industrial / political complex and their bat boy Henry Kissinger was wrong, it had to seize and change the factual narrative – which it did very effectively at the end of the 1970s and through the Reagan years.
The reality was papered over, that the Vietnam War could never have been "won" in any humanly acceptable definition of that term or any feasible commitment of US forces, even if we had followed US Air Force General LeMay's advice and bombed all of Vietnam back to the Stone Age. The unfair and inaccurate narrative that the Democrats wouldn't let the War be won became accepted wisdom by many. This is sadly understandable because Americans have a very, very hard time accepting that with the exception of the two World Wars, their country has very often been both wrong and ham-handed, as it throws its' weight around the world. And for three decades, most Democratic office holders have engaged in political posturing rather than speaking truth to power on defense matters to avoid the charge of being "soft on national security." Remember Hillary the Hawk against Obama the "wuss" in the late 2008 primaries?
Little wonder that the US is the world's biggest military spender, accounting for 48% , or almost half, of the world's total; more than the combined spending of the next 45 countries; 5.8 times more than China, 10.2 times more than Russia, and almost 55 times the spending on the six "rogue" states - Cuba, Iran, Libya, North Korea, Sudan and Syria.
As for Iraq there are two primary points. First, the war that was supposed to bring a wave of democratic revolutions across the Middle East has only firmed the grip of the anti-democratic power holders in every Middle Eastern country. While the Shia-led rulers in Iraq are quite likely to move closer to Iran, once the US presence is gone. Second, Maliki who we installed in office shrewdly engineered a plan to kick us out of his country and the Bush Administration went along when it signed the Status of Forces agreement that requires the full US withdrawal by 2010. Obama is carrying out the agreement as written.
The Pentagon is willing to accept this outcome rather than stay stuck in an unpleasant and dangerous hellhole and thus will support Obama as he fulfills his campaign promise. Occasional up-ticks in violence may affect timetables, but not the eventual outcome. So three trillion US taxpayers dollars, over 4000 troop deaths and 30,000 wounded will be the cost of a nine year conflict that failed to fulfill any of its initial objectives.
Moving onto Afghanistan, I also agree that the effort has become a misadventure that can do serious damage to Obama and his ambition to rationalize US foreign and military policy, unless he plays the game more shrewdly than it appears on the surface at this early date in his presidency.
Obama inherited a festering wound. You might notice when Dick Cheney claims the Bush policies kept America safe, he never mentions Afghanistan, because like the Iraq misadventure, the Bush war objectives were never met. After seven years, the operative question is what should Obama do?
With lingering uncertainty about the amount of steel in the spine of Democrats, Obama – as he completes the Iraq withdrawal - is effectively precluded from just pulling up stakes in Afghanistan. As noted above, Bin Laden remains at large, al Qaeda has not been completely defanged and the Taliban is resurgent. If he had began his Presidency by withdrawing from Iraq and Afghanistan, nationwide impeachment rallies would make the health care town halls look like Episcopal prayer meetings.
Obama's rhetoric notwithstanding; he knows he stands no better chance of turning Afghanistan - "the graveyard of empires" - into Kansas than the Russians, Bush or Genghis Kahn. It is hard to imagine the Pentagon suckering him into a huge, long-term escalation of troop levels and of cave-to-cave combat in Afghanistan, no matter how much the Generals need a hot war somewhere to keep the threat of Islamic terror in the news and to justify big budgets.
There are recent signs of Obama's hesitancy. First is a leaked complaint from an un-named senior Pentagon source stating: "I think they (the Obama administration) thought this would be more popular and easier. We are not getting a Bush-like commitment to this war." Second, is the Administration's latest decision not to increase the number of troops in the country. Rather, in order to execute the Pentagon's more aggressive approach on the ground, combat units will be sent to replace exiting non-combat units.
The most politically palatable exit strategy for Obama out of the Afghan box Bush left him will be to bow to the ground swell of antiwar popular opinion, the widespread calls for us to cut our losses, with conservatives ironically leading the "cut and run" charge. George Will is the first conservative out of the box. Next time he sees Obama he may get kissed!
The best bet is by the end of his first term, although it will take a lot of finesse, Obama will have maneuvered the US presence into a lower profile in Afghanistan. That may require proof that Osama is dead and news on that front can pop up any day. Drone planes may still be targeting al Qaeda bases. But there won't be 300,000 US and Nato troops on the ground, or even 100,000. The Pentagon won't make this easy. Still, Republicans will not be able to attack Obama for following both the will of the American people and much of their own intelligentsia.
Now let's not be naive, if Obama leaves both Iraq and Afghanistan, should a bomb go off in an empty parking lot and be attributed to al Qaeda, Republican calls for his impeachment will follow as the day follows night.
You heard it here first!
Statistics and other lies
"Here's some more stats from that 2007 census. In 2007, those in the top 1% of income in the United States paid 40% of all income taxes collected. Those in the top 5% of income paid 60% of all income taxes collected. Stated another way, the top 1% paid more than the bottom 95% combined."
Framing the numbers in that manner is highly misleading.
In 2007 top 10% took in 49.7% of total wages. That's a wider gap than in the gilded age and even during the stock market boom of 1928.
Between 1993 - 2007 the top 1% captured literally half of the economic growth.
[url]http://elsa.berkeley.edu/~saez/[/url]
Because income is so very concentrated at the top, saying "the top 1% paid more than the bottom 95% combined" doesn't really mean anything. Of course they did.
Stan da Man - Your judgment is fairly good in my eyes with a few caveats.
You argue substance rather than hurl insults, slogans or obvious distortions. I'll make a few points though - one in line with Bame Mata.
Before I do, I admit Alamo may well be right and Obama plan or not, the current US system is fucked for the long haul.
(I am a satisfied OSDE member who loves leaving my doctors offices with a warm hand shake rather than a stiff bill!
First, as of today there is no official detailed "Obama" health insurance reform plan, just a set of principles along the lines I mentioned. There are numerous competing plans that have come out of or are being debated in the involved Congressional committees with a wide range of specifics. For good or for ill, Obama has recognized that under the Constitution, Congress writes the laws. Whether a good, fair or disastrous plan ends up on his desk is still an unknown, which makes so much of the over-the-top rhetoric of his detractors more than suspect.
Ironically the loudest citizen voices against changing the existing health insurance system are the people who aren't in it. The elderly on Medicare! The classic was the gentleman who yelled at his Congressman "Keep your stinking government hands off my Medicaid!"
Unfortunately, there is no Republican reform plan or a Republican set of principles that have been offered to address the core problems with the current system. The Republican plan is "just say no." That may be smart strategically, but I find it irresponsible.
I agree the government doesn't do things all that well – including fighting wars these days. But a pretty compelling case can be made, that in regard to US health care, the current private sector model is hardly the best of all possible alternatives.
The US does offer superb health care to the wealthy, but to average Americans not so much. The efficacy of the current system is on a downward slope as costs escalate and the general health of most population groups has not kept pace with that of other countries with different systems.
Unfortunately, recent history has taught us a few lessons about letting business self-regulate. (To paraphrase an old slogan – "Are your equity holdings better off today than they were four years ago?") And if government can't be trusted to do its job, what's the alternative? Churchill might say "government regulation is the worst way to curb dangerous corporate practices, except all others."
You are an obviously intelligent and pretty well informed guy. Accordingly, I am a bit surprised that you buy into the charge that Obama poses an existential threat to America capitalism. The details of his tax ideas do not support the charge he wants to "soak the rich" unless you want to hang that petard on each President from Eisenhower to Clinton.
The tax burdens for high income people that Obama has suggested are far less onerous than what was in place during the go-go years of the 1950s, 60s and 70s and no more onerous than what was in place under Reagan and Clinton. Where in the world does all the hyperbole on this come from? Bet you can guess.
Bame Mata is right about bending statistics. The statistics used in debates over tax burdens become impossibly confusing because of the range and mix of taxes people pay from payroll to corporate to capital gains to estate to property to sales to local and state and the deductions and exemptions that are allowed in each category. Measuring what level of taxation that is confiscatory is like asking, "how's your wife." The answer is compared to what!
I used to work for the infamous "Queen of Mean" Leona Helmsley, whose daily income was in excess of half a million dollars. With lousy accountants she may have paid the maximum 35% corporate tax or $175k a day (but I doubt it seeing as she famously observed "only the little people pay taxes!") Her workers at the Empire State Building had average wages of around $30,000. If they paid the 15% standard tax rate, it would take 38 of them to match her burden! At the end of the year, she would have paid $6.4 million and her 38 employees $171,000. Now that may seem a bit unbalanced. However, at the end of every day, she had $325k to spend or invest and each worker had $70. Looked at that way, maybe the progressive tax system isn't such a bad idea!
I wonder if an economy where the gap between the richest and everyone else keeps getting wider is the best model for sustained growth and social stability? As a unashamed liberal I just say no (oops that sounds Republican!
Stan. Would that you and I could schedule a town meeting at Alamo to debate this
I kid you, of course, because we can guess who would be yelling at me "socialist". "nazi". "senior killer" (self-euthanasia I guess! And I'm sure I could scare someone up to call you a "capitalist pig!"
We obviously approach these issues from different philosophies and therefore we read history, statistical interpretation, measurements of beneficial outcomes, etc, differently.
I am an unabashed liberal - a lower middle class or upper lower class Boston Irish Catholic who grew up in JFK's congressional district and met him as an impressionable youngster - whose fairly deep study of economics and history has yet to uncover much countervailing evidence to shake his and my belief that government can and should play an ameliorating role in society.
I lived what I believed for a few decades. Working in government along side hundreds of dedicated, intelligent, honest and honorable people who shared my values. Whether we delivered well what we tried to can be debated.
I also worked a few decades in the private sector and saw how hard work, vision, creativity and the good old profit motive put bread on the table of workers (and caviar on the menu for the owners) I ran a $28 million dollar business with over 100 employees and know all the challenges of meeting a payroll and making a profit.
I admit it did gaul me when my successful efforts increased profits thereby adding millions to the net worth of some fairly despicable owners! That included Leona Helmsley - who made her money the old fashioned way - she sucked and fucked a horny old billionaire and inherited his $$$ when he passed!
What I did find in my years in both is that business is a lot less complicated than government. Getting to the bottom line has fewer moving parts than satisfying a myriad of constituencies wanting contradictory results. That is not a moral equivalency argument. Just a life experience observation.
I am certain you came to your beliefs in some similar fashion testing what you have seen against what you believe.
One other thing I learned first hand is that government is not inherently evil and private business is not pure and clean. Both are designed and operated by human beings and therefore equally susceptible to human-derived attributes such as stupidity, inefficiency, corruption, good works and high achievement.
My villains in the global meltdown range far and wide. At the base level is the intellectual conceit of economists who sold a theory of human behavior which on its face was demonstrably false. Ask any monger about negotiating with chicas and you will quickly dismiss the idea of self-correcting markets.
On a grander scale I think the debt habit is what killed the golden goose. The habit was fed by individuals. Corporations and governments who borrowed more than they should have to pay for things they didn't really need and ignored common sense. This profligacy was accelerated by new technologies that blinded everyone to predictable risks and allowed everyone to blithely ignore any and all warning signs, because the music was playing so loud all everyone wanted to do was dance.
My reading of history teaches me that an activist government under FDR came to the rescue of a devastated national economy and put in place a host of structural economic pillars that prevented the kind of excesses that caused the initial crisis. Those pillars worked pretty damn well for half a century and when we began to dismantle them we ended up back in the soup.
Now as we look ahead things are far more complex, as globalization and technological advances will make any efforts at systemic controls very difficult, even if we can figure out what to control and how to control it.
I also think we are living in a economic time when no one - no one - fully understands how the pieces fit together anymore. That is exciting - as it permits lots of experimentation and possible brakthroughs - but it is also very, very dangerous.
The "new normal" in the global economy that will emerge as the crisis recedes is going to disappoint many people around the globe and it will be interesting to see what new paradigm in economic beliefs wins the day.
These days - even after the Obama victory - I am concerned about the direction in the US. Assuredly for different reasons than you may be - or maybe not.
I fear the country is becoming "Argentinized" - to coin a word - meaning it will blame others for its receding good fortune, allow its institutions to wither, turn insular and inward, dumb itself down and continue to let false military adventures create an environment of fear and lose the good old American habit of getting on with making things better.
Ricardo--thank you for your thoughtful postings
Jackson--explains that the posting personas of many on this board are very different than they are in person. Don't let any of the ranting and raving deter you.
I was really surprised about the ranting about Teddy Kennedy. REgardless of your point of view--this guy during the last 20 yaers of his life was a very effective senator--passing CHIPS--childern's health insurance when Bill Frist ran the Senate and W was in the White House--that is political know how and savey. History will remember him well and John McCain will also be remembered as an effective senator. This is even though they both are imperfect human beings, who both rose at times to demonstrate true courage in the senate. Teddy failed as a younger man in many ways, but that does not negate his achievements during the last 20 years of his life.
Are you accusing me of being a Master Baiter?
Dictators don't defer to legislators to formulate critical policy
Sidney. I fear all that pussy chasing has warped your thinking.
Obama may have delusions, but one is not to be a dictator. He certainly was delusional to approach the quest for bipartisanship.
A leader with dictatorial instincts would impose central control over every aspect of government, not allow committee chairs in the legislature to write the laws.
The health insurance reform has become chaotic because the legislative process dealing with major and complex issues is always chaotic. It has been 79 years and 18 Presidents since universal health insurance was first proposed by - that old socialist, I mean - Republican President Teddy Roosevelt.
And the US constitution - God bless it - guarantees that any President with dictatorial instincts will come a cropper. Case in point - Mr. Tricky Dick Nixon.
You are categorically wrong in your statement that "in 1974 the Supreme Court of the United States forced the President of the United States from office for abuse of power." That is not what happened. I know. I was there.
Now a true statement would be "In 2000, the Supreme Court of the United States abused its power and forced the ascension of George W. Bush to the Presidency of the United States." They issued the first ever decision that only applied in a single case. Mind-fucking-boggling as we Bostonians say!
In 1974, the SCOTUS didn't force Nixon from power, but it did require him to obey the law. The nine court justices didn't accuse him of abusing power, they just told him he coudn't.
From 1973 through 1976 I was a chief assistant to US Senator Inouye from Hawaii. I worked for him on the famous Watergate Committee. That entity investigated the myriad crimes committed by Nixon and his top aides. Our investigations led to criminal trials which ended up putting the numerous Nixon aides and his Attorney General in jail.
When Nixon refused to turn the famous secret tapes of his Oval Office conduct to prosecutors as material evidence in a raft of felony cases, the Supreme Court unanimously ruled that the President had to obey the law and provide that evidence. They ruled "no man is above the law." Pretty good idea if you ask me.
Nixon knew the tapes proved he had been at the center of a criminal enterprise and he was toast. His ordering of breaking and entering, his money laundering, his suborning perjury, his running an unlawful cover up of a long string of crimes, his cheating on his taxes while he was President, etc. Were documented, on the public record and undeniable. He had to go.
A delegation of senior Republican leaders went to the White House to inform him there were only a small handful of Senators who would not vote to impeach him and remove him from office. Those Republican leaders forced his hand, not the Court. So he resigned the Presidency.
As Walter Cronkite would say "And that's the way it was!
As a coda, many Nixon apologists claim he only did what other Presidents had done. That is bullshit, of course. There is scarce evidence to support those claims. But in the nation where free speech rules, you can say anything. Just ask Glenn Beck!
Obama haters. Multiple choice invectives
Alamo. No, not all critics of Obama are racists, just a lot of them. Just track the age, race and regional demographics of who spout the over-the-top comments, listen to the language and make a reasoned judgment and you will have a hard time making the case race is not a factor in much of the vitriolic opposition to the man.
It is unfortunate that so much venom is aimed at our political leaders. Opposition and criticism is fair, some deserve our disdain, but the tone is pathetic.
For example, with all due respect I don't think you are the arbiter of what the "real world" consists of. In reality the real world is a pretty complex place with lots of moving parts, not just some enclave where only business owners and entrepreneurs are worthy of respect. Writers, professors, artists, priests, laborers, community organizers, bar tenders, waitresses, and chicas and on and on all make up the real world.
Obama's achievements don't need my elucidation and don't warrant your silly insult.
If you can get Powell's email address get in touch with him and ask him what he thinks about how Obama is doing and what is being done to him. I bet you would come away with a different attitude than you articulate today.
As for Honduras, Obama is a little busy with other priorities and I don't quite see Latin America slipping into the abyss because his instinct has been to react to an internal political dispute in a sovereign nation with deliberation and tact.
Interesting Article / USA=Argentinta?
Not sure link appeared, but here is the article.
His policies even have the potential to consign the US to a similar fate as Argentina, which suffered a painful and humiliating slide from first to Third World status last century, the paper says.
There are "troubling similarities" between the US President's actions since taking office and those which in the 1930s sent the US and much of the world spiralling into the worst economic collapse in recorded history, says the new pamphlet, published by the Institute of Economic Affairs.
In particular, the authors, economists Charles Rowley of George Mason University and Nathanael Smith of the Locke Institute, claim that the White House's plans to pour hundreds of billions of dollars of cash into the economy will undermine it in the long run. They say that by employing deficit spending and increased state intervention President Obama will ultimately hamper the long-term growth potential of the US economy and may risk delaying full economic recovery by several years.
The study represents a challenge to the widely held view that Keynesian fiscal policies helped the US recover from the Depression which started in the early 1930s. The authors say: "[Franklin D Roosevelt's] interventionist policies and draconian tax increases delayed full economic recovery by several years by exacerbating a climate of pessimistic expectations that drove down private capital formation and household consumption to unprecedented lows."
Although the authors support the Federal Reserve's moves to slash interest rates to just above zero and embark on quantitative easing, pumping cash directly into the system, they warn that greater intervention could set the US back further. Rowley says: "It is also not impossible that the US will experience the kind of economic collapse from first to Third World status experienced by Argentina under the national-socialist governance of Juan Peron."
The paper, which recommends that the US return to a more laissez-faire economic system rather than intervening further in activity, has been endorsed by Nobel laureate James Buchanan, who said: "We have learned some things from comparable experiences of the 1930s' Great Depression, perhaps enough to reduce the severity of the current contraction. But we have made no progress toward putting limits on political leaders, who act out their natural proclivities without any basic understanding of what makes capitalism work."
The authors of the pamphlet, Charles K. Rowley and Nathanael Smith, give their views.
My friends. Now I am sure you have open minds!
Jackson. Maybe you missed it, but some of your fellow members are in my camp, as witnessed by their comments. In any case I am certain you welcome opposing points of view on issues beyond whether to negotiate with the chicas or not.
Later in the week I will address the Metkim posting on the recent paper issued by conservative economists, supported by the Nobel Prize winning Professor James Buchanan, which questions Obama's use of government spending to rescue the economy from collapse. Suffice it to point out a very opposite view is argued by other Nobel Prize winning economists including Paul Krugman and Joseph Stiglitz.
The dueling Nobel winners' arguments go back over eighty years to the whether the New Deal worked. Over many years and hundreds of books and studies, neither side has ever decisively won those debates. Now the same issues and arguments are being debated as relates to Obama.
In many ways, the conflicts are semi-religious in nature - like Jews saying Christ was a great prophet and Christians claiming he was the Son of God. Neither can prove the point. In economics, however, the claims are buttressed with charts, tables and brain-numbing statistics.
This post addresses Sidney's error-filled claim of Obama as a serial violator of the US Constitution.
Whoever was the source of your claims, my friend Sid, needs to do some serious research on the evolution of constitutional law – especially the concept of "implied powers." As a former professor of constitutional law, Obama knows what the Founding Fathers wrote and meant and what has evolved as that document has been interpreted over 220 years.
Using Sidney's framing method – one can say "No where in the U. S. Constitution does it give the government the power to create an air force." That is true. Perhaps because, as smart as the boys from Philadelphia were in 1787, they didn't know man would fly. No bother though, because Congress has the power to raise and support the armed forces. In constitutional law that translates into an "implied power" to create an air force.
Similarly, under the same construction, each of the things denied under the Constitution according to Sid that were carried out by Obama are completely legitimate. They are "implied" - derived from the Commerce Clause of the Constitution.
US courts have taken an expansive view of the implied powers – specifically related to commerce - since the earliest days of the republic. The courts have given full sanction to a wide range of business-related actions of the federal government and in so doing allowed the US economy to grow, prosper and become the envy of the world.
If the complaints made by Sidney had any basis in constitutional law, rest assured AG Eric Holder would be a very busy boy handling cases brought by the aggrieved victims of the dastardly deeds of Obama's constitution busters. As far as I know no such cases are awaiting adjudication anywhere in the US.
Sidney states:
"No where in the U. S. Constitution does it give the government the power to fire private company employees." True.
In fact:
The Obama Administration has NOT "fired" a single bank or automotive executive. As a condition of being provided with taxpayer funds to help them survive (a time honored tradition practiced by prior administrations and an implied power of the executive) Obama's team, as a condition of future funding, required the boards at the finance-seeking institutions to institute changes in failed management practices to better protect the government investments (a prudent step that is standard practice among investors when entities seek new financing)
The boards of directors at these entities acting, in their capacity the ultimate deciders on personnel, a handful of senior executives go, whose failures had led to their firms need for government assistance. They were not fired by Obama, nor were their failures rewarded with taxpayer funds.
Sidney states:
"No where in the U. S. Constitution does it give the government the power to own private companies. Technically true.
In 1979, the US government bailed out Chrysler using an agreement with a wide range of provisos. In a similar manner the GM bailout was structured by the Obama team in order to keep a critical company afloat.
The GM deal included a proviso that the US taxpayers receive an equity stake in the renewed GM. The equity deal protects the taxpayers' interests, assuring a return on the public investment when the company returns to profitability (a prudent step that is standard practice among investors when entities seek new financing)
Nothing in the constitution precludes government from providing financial assistance to private companies, nor from structuring loans that require repayment through equity, direct payments, etc. These have been deemed implied powers for decades.
Sidney states:
"No where in the U. S. Constitution does it give the government the power to set salaries in the private sector, as Obama's administration is currently doing in banks that have taken TARP money."
The Obama team has NEVER set salaries for TARP recipient banks. What it did was to agree that TARP supported companies can pay their executives as much as they see fit. For salaries in excess of $500,000 compensation would be issued as stock. The only restriction is that the execs cannot sell their new holdings, until the companies pay back the money they borrow from the government. Nothing unconstitutional here, rather it all seems both wise and fair.
Sidney states:
"No where in the U. S. Constitution does it give the executive branch the power to appoint Czars to make rules governing private industry, that role is reserved for the legislative branch of our government."
The word "Czar" is journalistic shorthand and has NO official status or standing under Obama, nor did it under any of the "Czars" (for Drugs, etc. Appointed by previous Presidents.
The so-called Obama Czars, like their predecessors, have no extra-legal or unconstitutional powers. Any regulatory or executive power they exercise is derived from the authorizing legislation passed by Congress that precisely defines the scope of those powers.
Sidney states:
Nowhere in the U. S. Constitution does it give the President the power to set aside contracts.
The Obama administration has NOT "set aside" ANY outstanding GM or other company contracts. GM itself amended contracts of all sorts as it has worked its way out of the threat of closing down and prepared to accept government funds.
It is completely legal for entities to renegotiate and restructure contracts. It happens every day. When GM restructured its business, prior to getting government funding, it negotiated with ALL of its stakeholders. Management, bondholders, the unions, et al, ended up with a raft of amended contracts on compensation, etc. Everyone made sacrifices. No one group was "shafted" at the expense of another. Nothing done by the Obama team or GM was illegal or unconstitutional.
I apologize for being pedantic, but the massive amount of misinformation that shows up on blogs including this one needs to be refuted.
An informed citizenry is the only true guarantor of freedom!