Tuesday, May 5, 2009

Obama hardball tactics

And they used to say Bush was trying to shred the Constitution and civil liberties. Ha

Conversations with administration officials left them expecting that they would be politically targeted, two participants in the negotiations said.

Although the focus has so been on allegations that the White House threatened Perella Weinberg, sources familiar with the matter say that other firms felt they were threatened as well. None of the sources would agree to speak except on the condition of anonymity, citing fear of political repercussions.

The sources, who represent creditors to Chrysler, say they were taken aback by the hardball tactics that the Obama administration employed to cajole them into acquiescing to plans to restructure Chrysler. One person described the administration as the most shocking "end justifies the means" group they have ever encountered. Another characterized Obama was "the most dangerous smooth talker on the planet- and I knew Kissinger." Both were voters for Obama in the last election.

One participant in negotiations said that the administration's tactic was to present what one described as a "madman theory of the presidency" in which the President is someone to be feared because he was willing to do anything to get his way. The person said this threat was taken very seriously by his firm.

The White House has denied the allegation that it threatened Perella Weinberg.

They deny everything of course, but this story could have legs if the Obamamedia gets off Barry's nuts and actually reports the story...that of course remains to be seen.


  1. Nice but scary post, ZH...It is sad to see POD behavior infect so many levels-from the highest to places like blogs...(I saw your comment about blogs getting to be groupthink/POD-esque. It caught my attention)

  2. Janney so what do you think? You think some of the LR are sounding more and more Pod-like lately?