Cato Video •

Richard Mourdock criticizes the Chrysler bankruptcy.

According to their own interpretation of events, the Bush and then Obama administrations rescued the entire U.S. auto industry from imminent disaster and total failure. But in fact, a potential collapse only threatened General Motors and Chrysler, whose years of bad decision‐​making had finally caught up with them. While circumventing bankruptcy law in an accelerated Chrysler bankruptcy, President Obama publicly condemned people who wanted to slow the process down, including Indiana state pensioners who stood to lose millions if normal bankruptcy law was not followed. Richard Mourdock is Indiana’s state treasurer. He is attempting to recover those funds.
Richard Mourdock