Texas Fires First Salvo at GM Bankruptcy Plan

[danarhea]

Texas Attorney General, Greg Abbot, has a point:

The federal government will be a majority owner of General Motors under the bankruptcy reorganization plan. Abbott says the new federally controlled GM guts state laws that regulate car dealers, and flaunts U.S. Supreme Court precedent that upholds the dealership structure in Texas. Abbott says under the new dealership agreements, GM wants to free itself from Texas law that, among other things, limits its ability to terminate franchises, force dealers to order product that may not sell, and deny dealers their legal right to sell other brands:

And that, folks, is the whole problem. Texas has laws that the old GM had no problems following, but the Federal government wants to gut those laws. Which argument shall I apply here?

1) Violation of free markets?

OR

2) Violation of the 10th Amendment?

OR

3) Violation of contract law?

OR

4) The government doesn't know what the hell it's doing?



Pick one, or better yet, pick all four. There is a damn good argument to be made on each of them.

Article is here.

 

[Don't Tase Me Bro]

Neither the courts nor the politicians seem to acknowledge that there is a Tenth Amendment these days.

 

[rudedog]

It's clear that our government has no respect for the laws,Constitution,or the want's or needs of the people.

I don't mean for this to be Pres.Obama bashing because it's been going on way before he took office.:twocents:

 

[Joe1991]

3) Violation of contract law. - at best.

This has zero to to with the bailout, and everything to do with GM's bankruptcy. GM is simply asking the dealers to sign a new agreement, which is done all the time in business, of which the story didn't provide any details, so it's impossible to judge further.

From the story:

Texas attorney general Greg Abbott has filed an objection to the General Motors bankruptcy reorganization plan. Under the plan still to be approved, GM is insisting that current dealers sign a new agreement if they want to be part of the new GM operation.

 

[American]

Neither the courts nor the politicians seem to acknowledge that there is a Tenth Amendment these days.

Texas knows there's a 10th Amendment.

 

[Don't Tase Me Bro]

Texas knows there's a 10th Amendment.

Does Obama and the Supreme Court?

 

[The Mark]

Texas knows there's a 10th Amendment.

Does Obama and the Supreme Court?

Knowing a law/rule exists and conforming to said law/rule are two different things

 

[winston53660]

Hmmm I guess the people that own the real estate btwn the tollway and Mockingbird are going to be looking for tenants pretty soon. To bad they kicked out Princes Hamburger drive in joint just a few short years ago that had been there for over 30 years.