Inappropriate Relations With Those Firms: Charges of White House Threats to Persecute Chrysler Creditors Corroborated

Remember, the White House has categorically denied this. As Clinton denied Lewinsky.

But just as in that case, the back-up defense is already being pushed; It's no big deal, liberals are arguing. What's a little hard-ball? So as usual we have two inconsistent defenses at the same time:

Of course Obama wouldn't do this; it's too egregious to even credit as being possibly being true.

and:

Of course Obama did do this; that's why we elected him.

I wish one of these days they would limit themselves to just one defense.

Anyway:

Although the focus has so been on allegations that the White House threatened Perella Weinberg, sources familiar with the matter say that other firms felt they were threatened as well. None of the sources would agree to speak except on the condition of anonymity, citing fear of political repercussions.

The sources, who represent creditors to Chrysler, say they were taken aback by the hardball tactics that the Obama administration employed to cajole them into acquiescing to plans to restructure Chrysler. One person described the administration as the most shocking "end justifies the means" group they have ever encountered. Another characterized Obama was "the most dangerous smooth talker on the planet- and I knew Kissinger." Both were voters for Obama in the last election.

One participant in negotiations said that the administration's tactic was to present what one described as a "madman theory of the presidency" in which the President is someone to be feared because he was willing to do anything to get his way. The person said this threat was taken very seriously by his firm.

The White House has denied the allegation that it threatened Perella Weinberg.

They both voted for Obama. Proof again of the truism that the government big enough to give you everything you want is also big enough to take everything away.

Thanks to Anti-Harkonen Freedom Fighter Geoff.

More Intimidation: Perella Weinberg feels the heat, and asks Tom Lauria to start "no commenting" everything.

Note his comment at 3:00 -- "I'm sure if people keep pressing, the truth will come out."

Ah, there's the rub. Who in the press corps will press? A few here and there. But by and large the press will allow this to slide. After all, they have to conserve their editorial resources for the time when Obama sics them on a creditor who won't play ball.

Thanks to WTF Capital Investments.

Obama = Nixon: "The madman theory" was invented either by Kissinger or Nixon or both, and used by Nixon. Nixon's idea was to scare the North Vietnamese into a truce by having the word put out that Nixon was crazy, he might just use the bomb, everyone at the State Department is worried sick about his stability, etc.

Good to see Bammy has found a good use for it.

posted by Ace at 01:05 PM

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