Sunday, June 07, 2009

Coverage Of The Chrysler Proceedings

As usual, SCOTUSBlog is providing yeoman's service in covering today's filings in the United States Supreme Court regarding the Obama Administration's extra-legal and probably unconstitutional efforts to deny Chrysler bondholders their property rights in an effort to pay off Obama supporters (i.e., the UAW).

Whether the Supreme Court will actually take the cases is, of course, a mystery (only about one in a hundred petitions for a writ of certiorari are granted), but if the court does, SCOTUSBlog recognizes that it constitutes the potential for "the most significant Supreme Court ruling on the government’s power to deal with economic crisis since the Court struck down major parts of President Franklin Roosevelt’s New Deal, in Schechter Poultry Corp. v. U.S. in 1935 and U.S. v. Butler in 1936."

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