Obama worse than Kissinger?

[Drake Tungsten]

I'm talking about selling insurance ONLY on the amount that the government expropriates.

I think I understand. What would that be in the Chrysler case? The amount of secured bondholders assets that got transferred to the UAW under the new Chrysler?

[KrazyHorse]

Yes, assuming that the amount transferred was less than the difference between the face value of debt owed to the bondholders and the amount they actually got...

[Elok]

Presidents have pretty substantial war-making powers thanks to their role as Commander in Chief and the lack of any alternative decision-making authority. That's not the case with bankruptcy law. Obama is skirting the law for political reasons in an area where it's quite settled, effective decision-making bodies already exist and the President has had no tradition role.

I'm not contesting that, but when you say "worse than Kissinger" I naturally think he's got some napalm-soaked Khmai children in his closet. Maybe Kissinger also stretched the powers of the Presidency too far, but that's not what I think of when I hear his name.

[Drake Tungsten]

when you say "worse than Kissinger"

I didn't say that. It was a reference to the article linked to in the OP.