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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