At the very last minute, Democratic favorite Justice Ruth Bader Ginsburg has extended the stay order on the sale of Chrysler to Fiat.
The United States Supreme Court agreed Monday afternoon to delay the sale of most of Chrysler’s assets to Fiat pending further consideration of an appeal by three Indiana state funds, in a move that injects a new element of uncertainty over the carmaker’s bankruptcy case.
Justice Ruth Bader Ginsburg, as the Justice responsible for emergency appeals from the Second Circuit, acted to extend the delay order which was due to expire at 4:00 p.m. today. Ginsburg’s decision was that the sale of Chrysler was “stayed pending further order.” According to the New York Times “The action indicates that the delay may only be temporary.”
Court observers believe the delay may be temporary but even a temporary delay is a slap at the government and its rush-rush to sale [the next steps will be circulation of the case to the other Justices and then the Supreme Court will either hear the case or let the sale proceed].
The Indiana funds have sought greater compensation for their portion of Chrysler’s $6.9 billion in secured debt. They have also argued that the Obama administration illegally used federal bailout money earmarked for financial institutions to help Chrysler.
“The negative economic consequences of permitting an unlawful sale to proceed may well over time dramatically outweigh Chrysler’s short-term harm,” the funds said in their brief.
On Monday, federal officials asked the court to allow the sale without additional delay.
The government, in papers filed by the Office of the Solicitor General, said that stays are only granted under extraordinary circumstances.
Apparently, by the very measure of the Solicitor General, this is an extraordinary circumstance. And we certainly agree, as should all, that an unlawful sale could have negative economic consequences which far outweigh any potential short-term harm to Chrysler. The Supreme Court, at the very least, should review the decisions of the lower courts which thus far have been unanimous in support of the Chrysler sale.
As our commentator Rgb44hrc has persisted in pointing out, the Chrysler sale will gut “lemon laws” in many states. And “lemons” are what Chrysler sells (see Kaus’ tough article on the lack of reliability of Chrysler cars which he based on Consumer Reports’ analysis of Chrysler).
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The right-wing Supreme Court, if it blocks the Chrysler sale, might preserve consumer friendly “lemon laws” while slapping down Obama’s economic madness.
But there was another denial today in which the Supreme Court agreed with Barack Obama.
In the very beginning of his presidential term, Bill Clinton was forced by some very clever homophobic Senate Democrats (like Armed Services Chair Sam Nunn – who supported Barack Obama in 2008) to deal with “gays in the military”. Bill Clinton was a friend to the Gay community when it was not a political plus and had declared his intention to allow Gay-Americans to serve in the military without fear of investigation and persecution.
The homophobes won the battle and a compromise called “Don’t Ask, Don’t Tell” was authored by Gay supporters such as Barney Frank and signed by President Clinton in order to at least make the situation for Gays in the military a little better.
Since the early 1990s, attitudes towards Gay-Americans have improved significantly. It is now “cool” to be pro-Gay. Bill Clinton and Hillary Clinton were “cool” to Gays before it was politically profitable. Hillary Clinton in her first run for public office marched in Gay Pride parades.
In court papers, the administration said the appeals court ruled correctly in this case when it found that “don’t ask, don’t tell” is “rationally related to the government’s legitimate interest in military discipline and cohesion.”
Obama gay-bashed during the campaign yet Gay “leaders” supported Obama. Obama promised during the campaign to repeal “Don’t Ask, Don’t Tell” but now:
Meanwhile, the White House has said it won’t stop gays and lesbians from being dismissed from the military.
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In another “meanwhile” from New York, Democrats who thought they would rule forever after finally taking over the State Senate, now are are actors in a “Punch and Judy” show which might be related to more broken promises on Gay-rights but certainly having to do with broken promises:
Republicans seized control of the New York State Senate on Monday, in a stunning and sudden reversal of fortunes for the Democratic Party, which controlled the chamber for barely five months.
A raucous leadership fight erupted on the floor of the Senate around 3 p.m., with two Democrats, Pedro Espada Jr. of the Bronx and Hiram Monserrate of Queens, joining the 30 Senate Republicans in a motion that would displace Democrats as the party in control.
It was a noisy and acrimonious scene on the floor of the Senate as Senator Thomas W. Libous, a Republican from Binghamton and the party’s deputy leader, shouted for a roll-call vote, while Democrats attempted to stall the vote by asking to adjourn the session. [snip]
After the results of the vote were read aloud, the in-house television station that carries Senate proceedings live in the Capitol went dark. All that appeared on the screen was a still photo of the Senate chamber and the words “Please stand by.”
“Please Stand By” is a rational policy for those who oppose Obama but sometimes get frustrated at Big Media and PINO Big Blogs as they close eyes and ranks behind the Obama Chicago Circus of Corruption.
One person backing the revolt to put Republicans back in charge was Tom Golisano, the Rochester businessman and founder of Responsible New York, a political action committee that gave thousands of dollars to Senate Democrats last year to help them take control of the Senate, but who has become increasingly critical of the party. Mr. Golisano recently announced that he was moving his legal residence to Florida out of anger about the budget deal crafted in April by Democratic leaders in Albany, which included an increase in taxes on high earners.
Mr. Golisano played a role in negotiating original deal under which Mr. Espada and Mr. Monserrate — along with Mr. Díaz and Senator Carl Kruger of Brooklyn — gave their support to Mr. Smith. Steve Pigeon, his aide de camp, has been a frequent presence in Albany in recent weeks, and said Tuesday that Mr. Golisano felt betrayed by Mr. Smith because the Democratic leader had not delivered the overhaul of Senate rules he had promised upon taking power.
“He feels very strongly that he backed Malcolm Smith, and Smith didn’t keep his word, and didn’t make the changes he said he would,” Mr. Pigeon. “What you will see now is power-sharing, real reform.”
The apparent change of power sent shock waves in political circles across the state. At City Hall, in Lower Manhattan, stunned members of the New York City Council walked into the press room to watch the news unfold on local television. “I’m floored,” said Vincent M. Ignizio, a Republican city councilman and former state assemblyman from Staten Island.
To balance its budget for the next year, the City Council needs Albany to approve two proposed sales tax increases. “This will turn the budget process on its head,” Mr. Ignizio said.
Dimocrats who sell Obama as the thousand year Reich should look to New York, the Supreme Court, and Europe to see how their audacious dreams will go up in smoke.
In Europe the voters have had enough of Obama style financial scams:
The Social Democrats got an unexpectedly dismal 20.8 percent — the party’s worst showing since World War II in any nationwide election.
Merkel’s Christian Democratic Union and a regional sister party won 37.8 percent, down from 44.5 percent five years ago. But the outcome was enough to boost Merkel’s hopes of ending the tense left-right “grand coalition” that has led the European Union’s most populous nation since 2005, and replacing it with a center-right government.
“We are the force that is acting level-headedly and correctly in this financial and economic crisis,” said Volker Kauder, the leader of Merkel’s party in the German parliament.
French President Nicolas Sarkozy’s governing conservatives trounced the Socialists, while an ecology-minded party vaulted to a surprisingly strong third place, according to official results.
The Socialists, who dominated the last vote in 2004, suffered a stinging defeat, barely clinging to the No. 2 spot.
“Tonight is a very difficult evening for Socialists in many nations in Europe,” said Martin Schulz, the leader of the Socialists in the European Parliament.
It is not the Supreme Court, nor rebel legislators, nor foreign governments which threaten Obama’s thousand year Reich. It is reality and the damage Obama is perpetrating that will finish off the Obama Chicago Circus.