...and in doing so, open up the biggest can of worms imaginable.
It's all about equal protection under the law, which, even the ObamaMessiah can't ignore.
Let's say that Chrysler has one line of cars that has a bumper-to-bumper 100,000 mile warranty.
Let's say that the best warranty you can get on a GM car is 60,000 miles.
Under equal protection, General Motors now has to guarantee all their products for 100,000 miles.
Yes, equal protection ALSO means that the government could chop off the Chrysler guarantee at 60,000 miles, but that's unlikely, and if it happened, it would be enjoined in a District Court in Detroit so fast the ink would not have had time to dry on the Fed's order.
So, now there has to be a uniform guarantee out of Detroit, and what do you bet that the import autos will also be forced to toe that line?
If one of the automakers wanted to get a serious shot in at the Feds now, before the takeover becomes effective, all they have to do is offer a lifetime guarantee on one line of cars.