Chrysler and the Rule of Law

Todd J. Zywicki, an economics professor at my alma-mater George Mason University, writes in today’s Wall St. Journal about the Chrysler bankruptcy and the rule of law.

Perhaps I am beating a dead horse in the new Bush/Obama socialism, where the government owns banks, mortgage lenders, and car companies. Maybe America just isn’t about free markets, personal liberty, and rule of law anymore. But it seems to me that the Constitution, which says the government must make “uniform laws on the subject of bankruptcies” (Article I, Section 8, Clause 4), prohibits the federal government from treating Chrysler’s bankruptcy any different than any other bankruptcy.

Anybody hear me?

I weep for the republic.

Scott Bradford is a writer and technologist who has been putting his opinions online since 1995. He believes in three inviolable human rights: life, liberty, and property. He is a Catholic Christian who worships the trinitarian God described in the Nicene Creed. Scott is a husband, nerd, pet lover, and AMC/Jeep enthusiast with a B.S. degree in public administration from George Mason University.