Academic

G.M. BONDHOLDERS: PEOPLE LIKE YOU AND ME. ?The government is punishing one group of workers to rew?

By Glenn Reynolds

G.M. BONDHOLDERS: PEOPLE LIKE YOU AND ME. “The government is punishing one group of workers to reward another.” That’s the Chicago Way.

UPDATE: Reader Fred Butzen writes:

I’m a fourth-generation Chicagoan, and lifelong resident. There’s a lot here to like, and I have no plans to leave. But one thing that you have to understand about Chicago, which is the key to understanding Obama, is that the city’s political system is a kinder, gentler form of Leninism: government and business subordinate to the Party, and the Party subordinate to the dictator. There may occasionally be a coup, but never a lost election. Political influence is a second currency, more valuable, in some ways, than money. “Don’t send nobody nobody knows” is the system’s creed.

I’ve said it before, and I’ll say it again: Obama’s vision for America is Cook County writ large. And we are fools if we let him do it.

Indeed.

Full post as published by Instapundit.com on May 27, 2009 (boomark / email).