Although
he ran on a promise to respect the legislative branch's
constitutional role, Barack Obama applauded the Bush
administration's unauthorized loans to Chrysler and General Motors,
and since taking office he has not sought congressional approval
for a bailout that is still operating outside the law. Senior
Editor Jacob Sullum argues that President Obama's high-handed
engineering of the pending merger between Chrysler and Fiat, a deal
that flouts well-established bankruptcy principles, confirms he is
no more committed to the rule of law in this area than his
predecessor.
Reason Magazine
New at Reason: Jacob Sullum on Obama's Illegal Chrysler Plan
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