Obama shuffle: Unions get windfall; private risk takers get shaft

Here in one simple paragraph rests The Question Americans must ask themselves when it comes to the approach the Obama Administration is taking toward the private sector.

"Chrysler and some of the lenders it sought money from, thinks contracts are written on water. The administration proposes that Chrysler's secured creditors get 28 cents per dollar on the $7 billion owed to them but that the United Auto Workers union get 43 cents per dollar on its $11 billion in claims -- and 55 percent of the company. This, even though the secured creditors' contracts supposedly guaranteed them better standing than the union."

To read the entire George Will column go to the Washington Post website.