The 5th Amendment to the U.S. Constitution says the following:
No person shall be held to answer for a capital, or otherwise infamous crime,Note the final phrase, 'nor shall private property be taken for public use, without just compensation.'
unless on a 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.
According to the terms dictated to the automakers, GM and Chrysler, concerning their government-supervised bankruptcy, bond holders and investors who had pumped multi-millions into those companies were told by Obama and the federal courts that they would receive only .28 cents on the dollar for their investments--all in violation of due process of law, which is also mandated in the 5th Amendment...'nor be deprived of life, liberty, or property, without due process of law.'
But the UAW was told it would receive .68 cents on the dollar from the taxpayers, not because they had invested a dime in the companies, but because Barack Obama owed them a favor for their support of his Presidential bid.
Thus, according to the terms of the bankruptcy as set by the Obama administration, .68 cents per dollar of what would normally belong to investors is going to an entity that essentially invested ZERO, a clear violation of the terms of the 5th Amendment, under the due process clause as well as the just compensation clause.
The the money the investors placed in GM and Chrysler is THEIR money. It does not belong to the government or to the UAW. Under normal circumstances, top creditors in a bankruptcy proceeding are given top priority when a company goes under. In this case, however, Obama and the Feds did the exact opposite. Private property, the investments, were taken for public use and placed in the hands of the government and the UAW, and .28 cents on the dollar is far from a just compensation when an entity (the UAW) is getting .68 cents on the dollar although they have absolutely no financial investment in the companies.
It is almost as if the UAW has committed robbery by getting the Executive Branch and the Judicial Branch to wink at their stealing investment money from the original investors.
These violations of the law by at least 2 branches of government (and we can assume the silent consent of the Legislative Branch since they have done nothing to stop it) are very serious. Bill Clinton was impeached for lying to a court about an affair. Richard Nixon resigned from office under the threat of impeachment due to his knowledge about and cover up of a politically-motivated break-in. In this case, however, we are talking about the top officials in all 3 branches of the government violating the 5th Amendment to the Constitution and allowing a labor union to steal money that others invested.
If this single act isn't the very epitome of corruption and 'high crimes and misdemeanors,' then what is?
Had the citizens been wise enough to deny single-party 'rule' by placing Congress in the hands of those who would hold the Executive Branch to some accountability, then there would be a move underway as we speak to hold impeachment hearings against Barack Hussein Obama and several federal judges. Hearings would also ensue concerning corruption among at least 3 dozen others in the Congress and within the administration.
If the Congress had one ounce of integrity left, then it would proceed in this fashion anyway, regardless of Party affiliation. This is not a Republican or a Democrat issue. This is an American issue.
But sadly, we can be quite certain that the Partisans who run Congress will not lift one finger to stop the rampant corruption and the blatant violations of the Constitution being committed by this President and his supporters.
Anthony G. Martin is an Examiner from Columbia.
You can see Anthony G.'s articles on Anthony G.'s Home Page.
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