I'm not a constitutional scholar. I don't even play one on radio. Despite the fact I was educated in California's public schools, I do recall this line from the closing section of the Fifth Amendment--"nor shall private property be taken for public use, without just compensation."
So, when the Obama administration decrees (as a part of the government take-over of GM and Chrysler) that a certain number of Chrysler and Chevrolet dealers (which are privately owned, with personal inventory, debt, and employees) must close (without any compensation, or purchase of their inventories or properties) simply because someone in DC tells them they must, we have crossed a very dangerous line.
Many a family business and fortune will be wiped out. Not to mention the large number of those employed by these dealers who will likewise be unemployed and now forced to exist on government largess.
For all intents and purposes, how is this not government seizure of private property?
This is one lawsuit I will watch very closely. Click here: http://www.freep.com/article/20090518/BUSINESS01/90518004/1014/Chrysler+dealers+prepare+legal+fight
The DC Caesars need their collective private property-grabbing noses bloodied on this one! How is this not a violation of the Fifth Amendment?