Shortest Way Home, by Pete Buttigieg: on Corporations


Barack Obama: 2009: added to Bush's $17.4B bailout for auto companies

In December 2008 Pres. Bush initiated a $17.4 billion bailout package for American auto companies. The new Democratic administration planned to continue the unpopular policy, but as Pres. Obama took office in January 2009, it was clear that the funding was not enough to hold off a collapse. The new president faced an immediate choice about whether to put more cash into supporting the auto industry. Most of Obama's economic advisers were opposed. They didn't believe Chrysler could survive even with the additional loans. But Obama decided to proceed anyway, adding funding while helping to broker an alliance between Chrysler and Fiat to keep it in business.

And it worked. The newly formed, post-bankruptcy version of Chrysler was able to crawl, then walk, then run, and eventually the company exceeded expectations for sales and growth. And the auto industry comeback helped lead the overall economic recovery of the country.

Source: Shortest Way Home, by Pete Buttigieg, p. 82-3 Feb 12, 2019

Elena Kagan: 2009: Argued before Supreme Court favoring Chrysler bailout

[Richard Mourdock, the Treasurer of Indiana,] realized that Indiana's pension funds owned some Chrysler bonds, and reasoned that this might give him standing in court to challenge the [automobile bailout bill. On May 29 2009, New York's federal bankruptcy court rejected the motion. Mourdock appealed. On June 5, the appeals court also affirmed the sale [so it went to the Supreme Court].

Solicitor General Elena Kagan responded for the administration, reminding the Supreme Court and the country of what was at stake. "The liquidation of Chrysler would have very severe effects on the American and Canadian economies. More than 38,000 Chrysler employees would lose their jobs; 23 manufacturing facilities and 20 parts depots will be shuttered; more than 3,000 Chrysler dealers would suffer significant harm to their businesses; and billions of dollars in health and pension benefits would be wiped out." The Supreme Court denied the stay. The sale could go forward--as it did, the next day.

Source: Shortest Way Home, by Pete Buttigieg, p. 86-7 Feb 12, 2019

Mike Pence: Companies are not persons; should not have religious rights

When Mike Pence told me and a few other mayors that he was planning to sign the proposed "Religious Freedom Restoration Act" because it was "in my heart that it's the right thing to do," I believed him (Not that it was the right thing to do, of course, but that it was in his heart.)

The language of the bill seemed innocent enough: "a governmental entity may not substantially burden a person's exercise of religion," unless there is a compelling governmental interest at stake. But "person" was defined to include companies, building on the legal theory of the 2014 Supreme Court Hobby Lobby case, which interpreted federal law as giving corporations the same religious rights as people.

Effectively this meant that any place of business, from a restaurant to an auto mechanic shop, could refuse an LGBT individual or couple, provided its owner cited religion as the motivation for discriminating. The bill's actual purpose, its sponsors would later reveal, was to legalize discrimination.

Source: Shortest Way Home, by Pete Buttigieg, p.209 Feb 12, 2019

Pete Buttigieg: Supported 2008 auto bailout, to save workers and communities

In December 2008, President Bush boldly initiated a $17.4 billion bailout package, saying, "Bankruptcy now would lead to a disorderly liquidation of American auto companies." To me, "disorderly liquidation" sounded like a cartoon whirlpool, with cars and workers waving their arms for help in the downward spiral toward the drain. A simpler way to put it was that millions of lives and hundreds of communities stood to be ruined. Yet the move to prevent this disaster was clearly not a political winner-- something about the word "bailout" makes voters allergic--and the Senate was loath to vote for the package. When Congress refused to authorize funds, Bush acted unilaterally, rewiring money that Congress had authorized, with other purposes in mind, as part of the TARP bank rescue.

The new Democratic administration planned to continue the unpopular policy, but as President Obama took office in January 2009. By 2012, this once-unpopular policy had come to be seen as a clear win.

Source: Shortest Way Home, by Pete Buttigieg, p. 82-3 Feb 12, 2019

Pete Buttigieg: Companies are not persons; should not have religious rights

The Religious Freedom Restoration Act said that "a governmental entity may not substantially burden a person's exercise of religion." But "person" was defined to include companies, building on the legal theory of the 2014 Supreme Court Hobby Lobby case, which interpreted federal law as giving corporations the same religious rights as people.

Effectively this meant that any place of business, from a restaurant to an auto shop, could refuse an LGBT individual or couple, provided its owner cited religion as the motivation for discriminating. It could even be interpreted to protect a physician denying care to a gay patient. And it would wipe out South Bend's own local ordinance, passed in 2012, which prohibited workplace discrimination against LGBT residents. Despite the name, its purpose was not to "restore" religious freedom--after all, religious freedom is already guaranteed in the Constitution. The bill's actual purpose, its sponsors would later reveal, was to legalize discrimination.

Source: Shortest Way Home, by Pete Buttigieg, p.209-10 Feb 12, 2019

Richard Mourdock: 2009: Challenged Chrysler auto bailout, and lost

Mourdock was a purist when it came to free markets, and therefore was totally against the idea of government playing a role in the economy. The auto bailout was a Bush-initiated program designed to hold off a possible depression, but that didn't make it any more acceptable in Mourdock's view.

Cleverly, Mourdock realized that Indiana's pension funds owned some Chrysler bonds, and reasoned that this might give him standing in court to challenge the deal. When else would an obscure state treasurer get a chance to not only assert free-market principles but also provoke a showdown with the Obama administration? The temptation was irresistible, and so Mourdock went to court.

The stakes were enormous: If he succeeded, the entire rescue might have been prevented, pushing the company into liquidation. The company, its assets, the jobs--would be gone forever.

On May 29 2009, New York's federal bankruptcy court rejected the motion. Mourdock appealed. In June, the Supreme Court also affirmed the sale.

Source: Shortest Way Home, by Pete Buttigieg, p. 85-6 Feb 12, 2019

  • The above quotations are from Shortest Way Home
    One Mayor's Challenge and a Model for America's Future

    by Pete Buttigieg
    .
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  • Click here for more quotes by Mike Pence on Corporations.
2020 Presidential contenders on Corporations:
  Republicans:
Gov.John Kasich(OH)
V.P.Mike Pence(IN)
Pres.Donald Trump(NY)
Gov.Bill Weld(MA)
Democrats:
Sen.Michael Bennet (D-CO)
V.P.Joe Biden (D-DE)
Gov.Steve Bullock (D-MT)
Mayor Pete Buttigieg (D-IN)
Sen.Cory Booker (D-NJ)
Secy.Julian Castro (D-TX)
Mayor Bill de Blasio (D-NYC)
Rep.John Delaney (D-MD)
Rep.Tulsi Gabbard (D-HI)
Sen.Kirsten Gillibrand (D-NY)
Sen.Mike Gravel (D-AK)
Sen.Kamala Harris (D-CA)
Gov.John Hickenlooper (D-CO)
Gov.Larry Hogan (D-MD)
Gov.Jay Inslee (D-WA)
Sen.Amy Klobuchar (D-MN)
Rep.Seth Moulton (D-MA)
Rep.Beto O`Rourke (D-TX)
Rep.Tim Ryan (D-CA)
Sen.Bernie Sanders (I-VT)
Rep.Eric Swalwell (D-CA)
Sen.Elizabeth Warren (D-MA)
Marianne Williamson (D-CA)
CEO Andrew Yang (D-NY)

2020 Third Party Candidates:
Gov.Gary Johnson(L-NM)
Gov.John Kasich (R-OH)
V.P.Mike Pence (R-IN)
Howard Schultz(I-WA)
Pres.Donald Trump (R-NY)
V.C.Arvin Vohra (L-MD)
Gov.Bill Weld (L-MA)
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Page last updated: May 21, 2019