Chrysler Bankruptcy in ObamaLand

Here's an excerpt, but click on title for full article:

NEW YORK (CNNMoney.com) -- A top Obama administration lawyer urged the Supreme Court on Monday to allow Chrysler's bankruptcy to proceed, noting that the needs of the economy outweigh the needs of the deal's detractors.
U.S. Solicitor General Elena Kagan filed a request that the court deny an appeal by Indiana pension funds that had invested in Chrysler and say they will lose $6 million because of the bankruptcy.

Kagan defended the use of funds from the Troubled Asset Relief Program and argued that Indiana's appeal lacks legal merit. In addition, she said the losses to the Indiana funds "cannot outweigh" the potential broader problems a collapse of Chrysler would present.
"As an economic matter ... blocking the transaction would undoubtedly have grave consequences," Kagan wrote

This is unbelievable. Obama thugs using strong arm tactics again. The rules of law take a backseat to the economy??!! This is pure and simple tyranny!

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