May 08, 2009Chrysler Bankruptcy Exposes Dirty PoliticsIn the Federalist Papers in 1788, James Madison wrote that "laws impairing the obligation of contracts are contrary to the first principles of the social compact, and to every principle of sound legislation." Unfortunately, Washington politicians seem to pay little attention to history, morality, or the rule of law. http://www.cbsnews.com/stories/2009/05/07/politics/otherpeoplesmoney/main4997900.shtml "Dirty politics?" Understatement. Should be reviled as illegal. Posted by khiggins at May 8, 2009 06:14 AM |