Our Fifth Amendment to our Constitution:
"No person shall be held to answer for a capital, or otherwise infamous crime, unless on presentment or indictment of a Grand Jury, except in cases arising in the land or naval forces, or in the Militia, when in actual service in time of War or public danger; nor shall any person be subject for the same offense to be twice put in jeopardy of life or limb; nor shall be compelled in any criminal case to be a witness against himself, nor be deprived of life, liberty, or property, without due process of law; nor shall private property be taken for public use, without just compensation."
The kicker that President Obama (not really our king) will have to clear is: nor shall private property be taken for public use, without just compensation. Just compensation. That's just under the law not under some bleeding heart justification.
He has willed controlling ownership to the UAW. A nice bequeath. Not overly valuable since there are all those debts attached. To name a few I would include a couple billion due We The People, a large hunk due those lenders that Obama does not stand with, the pensions and very generous benefits due Chrysler retirees, and an unknown amount due parts makers, utilities, and taxes.
There has been a suit filed to stop the king's declaration. How will he get beyond that amendment thing?
'til later
Wednesday, May 6, 2009
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