Fortunately, the high court ruled this afternoon that the administration is full of s*** and that indeed it does have the authority to delay the Chrsyler sale.

Ahead of the decision, Chrysler LLC and the federal government warned such an intervention might lead to the liquidation of the automaker. But Justice Ruth Bader Ginsburg, in a brief order, said the court will extend a temporary stay put in place by an appeals court "pending further order of the undersigned or of the court."

The administration -- who always seems to be in a hurry, whether it's spending trillions of dollars on useless government pork, destroying the health care system, or simply nationalizing automakers -- argued that the delay would scuttle the deal. But dissenters were equally clear-cut on reasons to oppose the deal.

The bankruptcy laws were written so that companies could dramatically overhaul themselves, becoming leaner and more efficient enterprises.

The Obama administration's payoffs to the UAW are preventing those changes and instead simply delaying the inevitable overhaul... while transferring taxpayer funds to the union high command.


* As reported in The Wall Street Journal: "Thomas Lauria, the attorney who represents dissident lenders in Chrysler LLC’s bankruptcy case, was called “a terrorist” by a member of the Treasury Department’s automotive taskforce in an e-mail exchange with a Chrysler adviser."