The Spectacle Blog
A group of prominent conservatives last night issued the following statement on the Supreme Court decision:
"We applaud the Supreme Court stay of the sale of Chrysler in the bankruptcy court. The sale irreparably harms teachers and other public employees whose retirement funds were invested in Chrysler. It ignores the rule of law and tramples the sanctity of contract that protects these retirement funds. We urge the full Supreme Court to take this case and review the sale of Chrysler to make sure that the rights of these retirees and all secured creditors have been protected fully."
The statement was signed by the following conservative leaders:Duane Parde, President, National Taxpayers Union
James C. Miller III, former Reagan Budget Director
Grover Norquist, President, Americans for Tax Reform
Wendy Wright, President, Concerned Women for America
William Wilson, President, Americans for Limited Government
Tony Perkins, President, Family Research Council
David Keene, Chairman, American Conservative Union
Kenneth Blackwell, former Treasurer, State of Ohio
Richard Viguerie, Chairman, ConservativeHQ.com
David McIntosh, former U.S. Representative, Indiana
Herman Cain, President, THE New Voice, Inc.
Fred Smith, President, Competitive Enterprise Institute
Tim Phillips, President, Americans for Prosperity
Alfred Regnery, Publisher, American Spectator
Ed Meese, former Attorney General
View all comments (8) | Leave a comment
Leave a Comment
- Madison vs. Obamacare
- Uncle Sam and the Chinese Dragon
- The Collapse of Jon Corzine
- Digital Subscription (Save 78%)
- Buy a single issue (Save 50%)
- Send Spectator as a gift
John| 6.9.09 @ 11:20PM
Check the news folks, the Supremes have stepped out of the way... Like I said... quick hearing, and the stay is lifted.
No one wants to be the one held responsible for the loss of 10's of thousands of jobs, and the loss of another US automobile marque. (Even if FIAT is in the driver's seat now.)
This was done all wrong, from the beginning which started with the "merger" of a healthy Chrysler with a limping Diamler-Benz.
Now Diamler has Chrysler's cash, and FIAT has hits plants and equipment.
The taxpayer gets left holding the bag.
Do you get $2,500 in dealer incentives to buy a Ferrari? Or do I have to buy 2 FIAT 500's (one for each foot)?
Oh well... Life marches on...
McDonnell/Bolling/Cuccinelli for Gov.-Lt Gov-AG!! Time to turn this leviathan around and start with the Old Dominion.
John
Michael Dooley| 6.10.09 @ 8:46AM
My understanding is that the decision at this juncture only concerned the closing of the appox. 800 dealerships. The secured bond issues remain to be argued.
Michael Dooley| 6.10.09 @ 9:41AM
Unfortunately, I was incorrect. Indiana and the various pension funds are now SOL. The Court is letting the Chrysler sale to Fiat go forward.