IBDeditorials.com: Editorials, Political Cartoons, and Polls from Investor's Business Daily -- Judicial Error: "'There was a time when we would have called this a scandal,' wrote former House Speaker Newt Gingrich in an e-mail. He points out the UAW contributed $4 million dollars to Obama's campaign in 2008, and $24 million to Democratic candidates since 2000.
He's right. This is little more than a socialist wealth redistribution scheme that rewards political cronies at the expense of others.
More than robbing the rich to give to the poor, it takes from the politically unconnected to give to the politically connected.
Contrary to stereotype, most bondholders aren't millionaires like Thurston Howell III, clipping coupons and living the high life. No, they're cops and teachers with pensions in places like Indiana who must now subsidize autoworkers from their own pockets."
Welcome to the ObamaNation and crony capitalism.
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