Via South Bend Tribune columnist Jack Colwell, we get his take on state treasurer Richard Mourdock:
Alas, that Hoosier politician who is a real clunker when it comes to saving automotive jobs can't be junked in the program. The clunker is Indiana's state treasurer, Richard Mourdock.
Both Donnelly and Upton point out that the treasurer's effort to kill the bankruptcy transaction that is bringing back Chrysler jobs could have led instead to liquidation of Chrysler - and also of General Motors, if the U.S. Supreme Court had agreed with the politically-motivated Mourdock attack on the Obama administration's efforts to keep Chrysler and GM in business.
Luckily, the inefficient clunker crashed in the Supreme Court. Mourdock's strange logic, through which Hoosier investors he sought to represent would have ended up with less money in liquidation than through the bankruptcy transaction, didn't prevail.
Mourdock, for his part, is talking about launching a new lawsuit against the federal government, potentially wasting millions more on his personal political whims.
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