Read this ON THE RECORD at 10pm viewer email…..and then post your comment:
by Greta Van Susteren
From: Gordon Sent: Tuesday, March 31, 2009 6:26 PM [click link for original article]
To: Show -OnTheRecord Subject: GM & UAW
Ok, first I can not say I understand Gordon, and his co-workers. I cannot say I know how they feel.
I can only say that based on past issues with the US Government Assistance [Bailout],
that usually the final decisions have been politically motivated.
Maybe the BIG 3 can take note of the 1979 Chrysler Bailout.
In 1979, Realizing that the company would go out of business, Iacocca approached
the United States Congress in 1979 and asked for a loan guarantee. While it is sometimes
said that Congress lent Chrysler the money, it, in fact, only guaranteed the loans.
The reforms implemented by Iacocca, the company turned around quickly and was able
to repay the government-backed loans seven years earlier than expected.
Do you really think that the President and the Senate really lose any sleep over your plight.
I honestly do not believe that any of them are wide awake at 3 am wondering how the stretch their paycheck,
or wonder if the car pool is going to be on time because one of the two family cars is in need
of a new transmission, etc.
I know bankruptcy isn’t the best answer, but it is the answer that United States Constitution (in Article 1,
-Section 8, Clause 4), which are often dependent upon State law, therefore plays a major role in a bankruptcy case.
Because Bankruptcy in the United States is a matter placed under Federal jurisdiction, Congress is responsible
to enact “uniform laws on the subject of bankruptcies throughout the United States.” The Congress
has enacted statute law governing bankruptcy, primarily in the form of the Bankruptcy code, located at Title 11
of the United States Code. Federal law is amplified by state law in some places where Federal law fails
to speak or expressly defers to state law. Which allows the local State Constitution to assert their laws and statues.
My point – Follow the United States Constitution, not the Media.
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