[Wildcatk23]

I have already reposted our exchange once and there is no reason to do it again. Anybody can read the posts for themselves. You obviously do not understand laws governing contracts or constitutional law.

The law does not change when the federal government pumps money into a company. Even in the case of GM, where the federal government took an ownership position in the company, the government did not acquire the right to change the terms of any executive contract beyond the "four corners" of the contract.

Put away your left wing blinders for a moment and think of it this way. If Rush Limbaugh purchased a 100 percent ownership interest in the LA Lakers, would he have the right to reduce Kobe Bryant's contract to whatever level he wanted? The answer is no, Rush would be bound by the terms of the contract negotiated between Kobe and the previous owners of the Lakers.

A change in ownership of a company does not give the new owner contractual rights that the old owner did not have. Rush could attempt to renegotiate Kobe's contract, but Kobe would have to agree to any new terms. The same laws protect executives working for private sector corporations from the federal government that would protect Kobe if Rush bought the Lakers.

The only thing that you are right about is that you think that the government should be able to mess around with preexisting contracts. What you fail to understand is the difference between an employee working under the terms of an employment contract and one that is hired at will.

You have read the thread over and over im sure. And can find nowhere where i said obama can do as he wants.