The breadth of President Obama's assault on capitalism is breathtaking: from seeking to regulate fine details like credit card fees, to exerting control over major banks, restructuring the auto industry from the Oval Office, seeking to nationalize the entire health care industry, and proposing a national cap on fossil fuel consumption and a thinly disguised system of energy rationing.
So President Obama has decided to throw out that existing legal system and knock down the protections for individual rights.
Venture capitalist Bill Frezza succinctly sums up the meaning of the Chrysler deal: "There's no law to protect the politically unfavored in this country."