Did you feel the earth shake under your feet in the past couple of hours?
It's because GM CEO Rick Wagoner has resigned...at the request of President Barack Obama.
As reported moments ago by Politico (h/t NBer AgentAmerican):
The Obama administration asked Rick Wagoner, the chairman and CEO of General Motors, to step down and he agreed, a White House official said.
On Monday, President Barack Obama is to unveil his plans for the auto industry, including a response to a request for additional funds by GM and Chrysler. The plan is based on recommendations from the Presidential Task Force on the Auto Industry, headed by the Treasury Department.
Here's the AP story Politico mentioned, and more from CNBC.com.
What say ye, NewsBusters? What does it mean if a President can force the resignation of a CEO that still answers to shareholders?
What's next?
*****Update: Asian markets are down. Hard to imagine Wall Street will view this news positively.




















Editor at Large
Comments Policy
Presidential Presidence
March 29, 2009 - 21:51 ET by BKeyserOh, this is without-a-doubt a message to Wall Street. This has little if anything to do with GM- the point here is presidence...
Very Perceptive
March 29, 2009 - 22:22 ET by CaringwhiteguyThis is a direct shot across the bow to others. You'd better play by Barry's rules or he'll take his ball and go home.
BHO and his minions successfully used this bow shot tactic during the campaign using race. Don't criticize the Chosen One or we will paint you "insensitive" on race. That secured a very easy path as the opposition showed the spine of a wet noodle.
Caring
March 29, 2009 - 22:46 ET by DEVILDOCMOMThe following quote (which I had to look up to find the exact one) sure fits to me “In Germany, they came first for the Communists, and I didn't speak up because I wasn't a Communist.
Then they came for the trade unionists, and I didn't speak up because I wasn't a trade unionist.
Then they came for the Jews, and I didn't speak up because I wasn't a Jew.
And then they came for me, and by that time there was no one was left to speak up.”
Pastor Martin Niemoller
Concentration camp survivor
Speeches in 1946, this version 1971
Correction: Obama will take the ball....
March 30, 2009 - 14:16 ET by Tailgunner...and send you home.
Fixed. ;)
Obama's trying to charge $10,000 on a $1,000 credit card.
NOLI PUGNARE ME OCCIDERE
One thing I'm sure of....
March 31, 2009 - 14:14 ET by Tailgunner...is that the DNC's campaign coffers will be overflowing once businesses realize that nothing prevents Obama from coming after them for any reason, or no reason, at a time and place of His choosing.
This is the epitome of a protection racket. Pure extortion.
If you don't believe history repeats itself, read the story of another Democratic socialist tyrant, demagogue and all-around thug named Huey Long.
http://en.wikipedia.org/wiki/Huey_Long
Same script, different actor.
NOLI PUGNARE ME OCCIDERE
not just a POTUS, Noel
March 29, 2009 - 21:51 ET by botgbut one with zero business experience, that's scary
"Outside of a dog a book is man's best friend,------------inside a dog it's too dark to read" ---Groucho
The first rule of philosophy
March 29, 2009 - 23:02 ET by KC MulvilleThe first step in wisdom is admitting that you don't know. Obama hasn't taken that step.
The American people have swallowed a myth: that anything national in scope is to be run by the government. No! That's not an original American principle. The Founders directly opposed that idea. National doesn't imply federal government. The American experiment is directly related to the refusal to turn over issues to the government simply because they're the government.
I draw a contrast between free enterprise and free speech. Why is speech considered untouchable but enterprise isn't? If we don't want government to touch free speech, why the hell would anyone want to surrender free enterprise?
When I saw this on Drudge, I was literally sick to my stomach. This is really bad: It means that the people who are supposed to be running the country don't understand what the country is about.
Excellent observations, KC.
March 29, 2009 - 23:18 ET by Mike BrattonMy prayer is that something of this magnitude will actually jar the members of the Obama cult into understanding they helped to elect an actual (and I'm going to say it again) dictator in training.
--Mike
P.S.: Oh, and give my regards to the Sunshine Band.
www.thebrattonreport...
→ shake shake shake
March 29, 2009 - 23:21 ET by Cool ArrowDid we catch you in rare form tonight?
LYDSEXICS UNTIE!
Why, thanks.
March 29, 2009 - 23:31 ET by Mike BrattonMy wife observes that when I get ticked off (and trust me, that's putting it mildly), my sense of humor revs up, too.
--Mike
www.thebrattonreport...
→ I shouldn't laugh
March 29, 2009 - 23:36 ET by Cool ArrowCouple of weeks ago I bought $1800 of AIG @ $1.96.
I know it's not much more than poker money, but I was hoping for a little better result than its current $1.02
Can I pick them, or what?
LYDSEXICS UNTIE!
Ouch!
March 29, 2009 - 23:39 ET by Mike BrattonYou won't be buying many bow strings with that performance!
--Mike
www.thebrattonreport...
→ Nope
March 29, 2009 - 23:44 ET by Cool ArrowSad part is, I jumped out of Ford to buy it. Then, of course, Ford started its "Little Engine that Could" demonstration.
Classic case of "Don't do as I say, and don't do as I do"
LYDSEXICS UNTIE!
Well, Cool...I think it
March 29, 2009 - 23:46 ET by JerWell, Cool...I think it took about a quarter of a century for the DOW to regain its pre-October, 1929 level. Can you hold on that long?
Jer
→ Not a chance, Jer
March 29, 2009 - 23:50 ET by Cool ArrowBut this was money I was prepared to lose. And I curse a government that would stand between me and my God-given right to fail.
I don't need a bailout, and neither do the big boys down at the pool hall.
LYDSEXICS UNTIE!
I don't need a bailout, and
March 30, 2009 - 00:19 ET by JerI don't need a bailout, and neither do the big boys down at the pool hall.
Yeah, well the 'big boys' might be singing a different tune after I show up and clean their clocks.
"the Atlanta Assassin"
→ Life as we knew it
March 30, 2009 - 00:29 ET by Cool ArrowI wonder what the powers in Washington monitoring this blog must be thinking.
LYDSEXICS UNTIE!
I hope they have better
March 30, 2009 - 01:18 ET by JerI hope they have better things to do.
Jer
Yeah your right, they
March 30, 2009 - 02:00 ET by Dan The Man 2Yeah your right, they aretaking over GM and making laws to be able to rake over us all. I am reminded of a cartoon pinky and the brain except obuma is no brain
Nuke em til they glow then shoot em in the dark.
Pinky and the brain
March 30, 2009 - 09:21 ET by sherylsimsObama is the one who always followed the other one saying "Narf" who was clueless and in love with a horse. Was that Pinky? or the Brain? And who does that make the other one? George Soros? Or Nancy Pelosi?
I hope you can still type....
March 30, 2009 - 16:20 ET by Tailgunner...without thumbs. ;)
http://en.wikipedia.org/wiki/The_Hustler_(film)
NOLI PUGNARE ME OCCIDERE
wish i could say the same
March 30, 2009 - 03:54 ET by RowaneWhen I get angry I tend to lose ALL sense of humor and just turn cold.
We have to do something about this or there'll never be another free election iin this country.
As a child...
March 30, 2009 - 08:05 ET by Mike Bratton...no doubt I watched too many movies and television shows featuring "witty banter" in the action scenes.
And you're correct--waiting until 2012 and Obama's (first) re-election bid will be too late.
--Mike
www.thebrattonreport...
Funny thing
March 30, 2009 - 05:29 ET by KC MulvilleI actually like the band.
As do I!
March 30, 2009 - 08:07 ET by Mike BrattonAnd have danced to their music on more than one occasion.
Even when it was (gasp!) new...
--Mike
www.thebrattonreport...
If we don't want government
March 29, 2009 - 23:40 ET by JerIf we don't want government to touch free speech, why the hell would anyone want to surrender free enterprise?
Because neither is nor ever has been completely "free". Speech is regulated, and rightly so. Enterprise, likewise, and rightly so.
Jer
Regulation and nationalization...
March 29, 2009 - 23:43 ET by Mike Bratton...being two entirely different things, of course.
As are governance and despotism.
--Mike
www.thebrattonreport...
That's a conversation I'm willing to have
March 30, 2009 - 16:03 ET by KC MulvilleForgive me - I’ve re-read my original question here, and I now realize that it was so open-ended that almost anything could come out. So, instead of placing an impossible burden on anyone trying to respond, let me focus it more narrowly.
Congress has the power to regulate commerce, and there’s also a clause that says that Congress can pretty much do anything it sees fit to carry out its responsibilities. Fine. Even if I have reservations about that, that’s not my argument for today. We’ll also skip over the arguable point that the power belongs to Congress, not Obama, because George Will makes that argument elsewhere.
The question is what the government’s responsibilities are. Specifically, we agree that government is responsible to regulate commerce. But we deny that the government is responsible to provide it.
I hope that clarifies my argument.
→ Sure did Noel
March 29, 2009 - 21:51 ET by Cool ArrowThe President of the United States used this as an example of how benevolent the Government will be once Geithner is invested with the powers he's asked Congress for.
How wonderful? How Populist?
Wait until they decide MacDonalds needs to be dismantled because it's for the greater good.
LYDSEXICS UNTIE!
Actually, given their
March 29, 2009 - 21:58 ET by BKeyserActually, given their history of support for a certain 10%, they'll likely just make Mickey D's all Vegan and have Barney Frank run it...
Barney Frank...
March 29, 2009 - 23:07 ET by dborschjr68Barney Frank couldn't run a Vegan Mickey D's. He eats meat, right?
------------------------------------------------
Brace yourselves for the backlash of your ignorance, liberal puppets.
Liberate Tutume Ex Inferis.
I'm gonna leave that one
March 29, 2009 - 23:10 ET by RESTLESS 1I'm gonna leave that one alone before I get into trouble.
(Straining to back away from the keyboard)
"This
liberal would be all about socialize -- uh, uh, would be about
basically taking over and the government running all of your companies."-Maxine Waters 2008
→ Well? Restless
March 29, 2009 - 23:19 ET by Cool ArrowNot that there's anything wrong with it.
LYDSEXICS UNTIE!
groaner
March 30, 2009 - 03:55 ET by RowaneWhat a groaner
CEO of Wal-Mart to be asked
March 29, 2009 - 22:25 ET by lnthompCEO of Wal-Mart to be asked to resign, because he(she?) refuses to ask his employees to unionize?
Lee T / USN(ret) / Oregon City, OR
When responsible people make mistakes, responsible people bear the burden. When irresponsible people make mistakes, responsible people bear the burden. -- UserFriendly.org, 2/12/2009
→ That, I can see!
March 29, 2009 - 22:49 ET by Cool ArrowAnd the case can be made Wal-Mart is too big to fail.
You've really reasoned onto something here.
LYDSEXICS UNTIE!
For the greater caloric good.
March 29, 2009 - 22:34 ET by Mike BrattonTo: Jim Skinner, CEO, McDonald's
From: BHO, DOTUS
Date: April 29, 2009
Dear Jim,
You're kidding me, right? Though I can't be bothered to dine at a restaurant that caters to the pedestrian palate (unless it's campaign season or a great photo op), I was shocked--shocked!--when I was informed that a Quarter Pounder with cheese has 510 calories.
Since I'm aware, from having read the review of "Super Size Me," that most Americans eat all their meals at McDonald's restaurants, this means that you, Jim, are clogging the arteries of taxpayers at an alarming rate.
I'll expect your resignation within 24 hours.
Oh, and do you know the name of the person who runs Burger King?
Yours dictatorially,
BHO
--Mike
www.thebrattonreport...
Question #2
March 29, 2009 - 21:52 ET by botgHow far will the Dow drop tomorrow?
"Outside of a dog a book is man's best friend,------------inside a dog it's too dark to read" ---Groucho
Good question botg
March 29, 2009 - 21:57 ET by Cool ArrowBut since GM gets a new ration of money for doing Obama's bidding, I'd bet on GM getting a bit of a lift.
LYDSEXICS UNTIE!
bruce
March 29, 2009 - 21:58 ET by Noel Sheppardbruce,
As I just updated, Asian markets are down. This can't be perceived positively by Wall Street. After all, who's next? ns
exactly Noel
March 29, 2009 - 22:02 ET by botgcompany management is now at the whims of an inexperienced idealist who has numerous gaffs since taking office?
Who will invest in such an uncertain market?
"Outside of a dog a book is man's best friend,------------inside a dog it's too dark to read" ---Groucho
→ Maybe a wash
March 29, 2009 - 22:04 ET by Cool ArrowI see where Andrea Merkel doesn't see the upside to lifting Europe on the backs of the Deutsche Mark.
And Joe Biden is shamelessly begging to be heard above the uproar of tens of thousands of protestors.
LYDSEXICS UNTIE!
Hahahah, doesn't matter how
March 29, 2009 - 22:08 ET by SRPwrdHahahah, doesn't matter how PC a president is, other countries aren't going to drop their best interests like we will.
"two wars, a planet in peril, the worst financial crisis in a century" - PreBO
I'll go out on a limb, Noel.
March 29, 2009 - 22:23 ET by Mike BrattonAnd were I a betting man, I'd actually bet that automatic trading limits will have to kick in, the U.S. markets will fall so badly, so fast.
Won't mind being wrong, but I'm concerned I'll be right.
--Mike
www.thebrattonreport...
Mike
March 29, 2009 - 22:28 ET by Noel SheppardMike,
That bad tomorrow? Could be. Tough to tell. The market last week acted sold out. Went up on good and bad news. Gonna be interesting. ns
Call it a hunch.
March 29, 2009 - 22:41 ET by Mike BrattonLast week, my understanding of the prevailing sentiment was that traders were feeling that they, and the companies whose shares they trade, were being left somewhat alone. Short-term memory loss, yes, but that was my perception.
This business with Wagoner, which will be everyone's top story in the morning, hits both the traders and the traded companies dead-center where they live. And this time, it'll stick in the long-term memories: "Hey, if Barry can do this to GM's CEO, who among us is safe?"
And if you don't think there's at least some safety in securities (pardon the pun), you sell.
To coin a phrase, There Will Be Blood.
--Mike
www.thebrattonreport...
Mike
March 29, 2009 - 22:50 ET by Noel SheppardMike,
Well, there's more to the past three weeks' rally than that. BUT, this certainly can't instill confidence for the reasons you identified and THEN some.
It sure is a grave new world. ns
→ G-20
March 29, 2009 - 22:57 ET by Cool ArrowSome of this looks good for the G-20 summit.
The part about Europe being all balled up in a knot, and Obama offering nothing.
It's a sad day when confusion is more hoped for than unanimity.
LYDSEXICS UNTIE!
You are correct, sir.
March 29, 2009 - 23:01 ET by Mike BrattonThere were real reasons for the bear-market rally; no doubt I was oversimplifying the emotion accompanying the rally, but investing is often a game of emotions.
Honestly, after hearing about Wagoner, I looked at my wife and said, "We used to live in the United States of America. What country is this, now?"
Do you think the new name will be Obamavania? Or, perhaps, Baracktopia?
--Mike
www.thebrattonreport...
→ Asia still tanking
March 30, 2009 - 00:18 ET by Cool ArrowLink is on continuous update. Values constantly changing
Hang Seng down 3.03%
Nikkei down 2.86%
LYDSEXICS UNTIE!
→ I don't think so
March 29, 2009 - 22:43 ET by Cool ArrowThe market hasn't been nearly as nice to me this year as it was last year (prophetic h/t ns)
So I see no reason to believe I called this weekend right and am actually in a position to pounce.
I will say this. My wife demanded I get completely out over the weekend. Something about intuition. Something I'm severely lacking in recent months.
LYDSEXICS UNTIE!
remember
March 30, 2009 - 03:59 ET by RowaneThe old Chinese curse? "May you live in interesting times"
We're living it.
Where is all this money to Gn going ???
March 29, 2009 - 22:06 ET by Southern voterHow is it being used or are we all paying for their employee/retiree benefits....
Wouldn't it be more beneficial to the automakers if they had a HUGH sale on cars ???!!! what a stimulous that would be to the economy....
Noel, saw that on Drudge
March 29, 2009 - 22:07 ET by upcountrywaterAfter all the OAF "feels" that the mileage should go up by a few more miles per gallon.. FLUSH SCIENCE.
I have seen lots of TV commericals that PROVE white guys are soo Stupid... Proof enough that anyone can run a car company, No experience necessary,..a cave man can do it.
Check out the OAF schedule he's not doing much at the moment, he should go ahead and run GE opps GM , whatever...
He will want to ruin opps run my business next .
Hugo would be proud.
P.R.I.N.T. Money 30 sec YT
→ True to form Government
March 29, 2009 - 22:07 ET by Cool ArrowSo GM Vice President Fritz Henderson will be his replacement.
New boss, same as the old boss. But the message has been sent.
LYDSEXICS UNTIE!
Total Crap
March 29, 2009 - 22:18 ET by notinstl...and dangerous, too!
The democrats always wanted to run a car company...now they can....how many people do you think are gonna buy a GM car now? zilch....why didn't they ask the UAW president to resign?
Yea, here is an idea of a GOVERNMENT car company
March 29, 2009 - 22:25 ET by upcountrywateralgore V3 under the hood
P.R.I.N.T. Money 30 sec YT
My friends, let me share with you.
March 29, 2009 - 22:19 ET by Mike BrattonA few years ago, I can remember being mocked by more than a few liberals for referring to Hugo Chavez as a "dictator in training." Turns out that such a call wasn't off-base, after all.
In case there were any people who doubted that the Lightworker had unseemly aspirations for both himself and the United States, today's little bombshell put us well past any point of reasonable doubt.
Barack Obama is a dictator in training.
He already has people moving to abolish the 22nd Amendment.
He freely admitted, as a candidate, that he was interested in the forced redistribution of wealth.
He already has plans to establish "universal voluntary public service" and/or (depending upon which euphemism you prefer) a "civilian national security force."
He is nationalizing the banks in which we keep our money, and is nationalizing the care we use for our health.
And now, he is able to suggest to the CEO of a Fortune 500 company that he ought to resign, and what happens?
He resigns.
"Effective immediately."
When Rick Wagoner should've asked Obama what branch of the Armed Forces he planned to bring with him to make Wagoner get out.
If you don't have a Tea Party near you in which to participate on April 15th, or thereabouts, start one yourself. The country has seen enough of President Barack Obama, and it's time he followed Rick Wagoner's lead.
Effective immediately.
--Mike
www.thebrattonreport...
Mike Bratton, preachin' to the choir...
March 29, 2009 - 22:25 ET by Mother...but the truth is always worth re-hashing for posterity's sake.
Can I get an "Amen"?
March 29, 2009 - 22:47 ET by Mike BrattonYes, but I'm not so much preaching to the choir as attempting to galvanize the choir--and myself--so that we take to heart that old hymn sung by Elvis Presley, "A Little Less Conversation, A Little More Action."
We can't wait until 2012 for Obama to miserably lose his re-election effort; who knows if there will even be any opposition by then, when his administration has turned into a regime?
If he doesn't resign (Ha!--pardon me), Obama has to be tossed out of office on his ear.
--Mike
www.thebrattonreport...
Soft landing
March 29, 2009 - 22:55 ET by RESTLESS 1At least if he is tossed out on his ear, there will be ample cushion.
Or, perhaps, he catches an updraft and just keeps rising, and rising, and rising...
"This
liberal would be all about socialize -- uh, uh, would be about
basically taking over and the government running all of your companies."-Maxine Waters 2008
→ Restless
March 29, 2009 - 22:58 ET by Cool ArrowIs that an ear joke?
Brilliant!
LYDSEXICS UNTIE!
ROTFL! *wipes tear of laughter*
March 29, 2009 - 23:02 ET by MotherYes. I think that was an ear joke indeedy do. lol!
Is that mean? *she asks as she roots around in her ear with a wet q-tip* ? Huh? Huh?
*giggles*
Thanx Cool
March 29, 2009 - 23:06 ET by RESTLESS 1But it was a curve ball that didn't curve. Just hung out over the plate waist high. I just did what comes naturally in that situation. :)
"This
liberal would be all about socialize -- uh, uh, would be about
basically taking over and the government running all of your companies."-Maxine Waters 2008
Actually...
March 29, 2009 - 23:07 ET by Mike Bratton...I just wanted to see if anyone would swat it.
--Mike
www.thebrattonreport...
→ Well Mike
March 29, 2009 - 23:12 ET by Cool ArrowAs Mo Dowd will remember, Obama doesn't like ear jokes.
That makes it all the more funny.
LYDSEXICS UNTIE!
Interesting.
March 29, 2009 - 23:04 ET by Mike BrattonLong ago, I saw an animated motion picture about a character that used his ears for flight.
Ironically, it was an elephant. Not sure if it works with donkeys...
--Mike
www.thebrattonreport...
Mike
March 29, 2009 - 23:08 ET by RESTLESS 1I'm beginning to think that some aerodynamic testing could be done in the wind tunnel caused by two ears that big coupled with the empty space between them.
"This
liberal would be all about socialize -- uh, uh, would be about
basically taking over and the government running all of your companies."-Maxine Waters 2008
Long ago, I saw an animated
March 29, 2009 - 23:26 ET by JerLong ago, I saw an animated motion picture about a character that used his ears for flight.
Ironically, it was an elephant.
Well, Mike...that would be "Dumbo", but he flew Air Force One back to Texas.
Just kidding, Jer
Good one, Jer.
March 29, 2009 - 23:36 ET by Mike BrattonI found myself once again using one of my favorite philosophical devices this evening, and I'd love your comments on its use in this instance.
What if former President Bush had pulled the same stunt?
--Mike
www.thebrattonreport...
Mr. Bratton, "galvanize the choir"?
March 29, 2009 - 23:41 ET by MotherA worthy endeavour, my dear.
Can you get an "AMEN"?
YES! I'm singin' darlin'...my perfect pitch and [not to brag] enticing voice could bring a man to his knees.
You are SO right. 'Zero' needs the 'boot' and quick like. I'm scared as to what this cretin will do next under the covert guise of a 'convenient crisis' while he shucks and jives his way on HollyWeird BouleTARD.
Scary? YEAH.
the only way
March 30, 2009 - 04:02 ET by RowaneThe only way this will ever happen is a coup, and that ain't gonna happen.
If the Gubmint is going to
March 29, 2009 - 22:20 ET by cocodrieIf the Gubmint is going to run the auto industry, They are going to make us drive a Yugo or get a hoss.
Jesus Loves You so much He died for you
Silver lining?
March 29, 2009 - 22:25 ET by jondelwicheIf the economy keeps tanking, can we tell Obama to get out?
Just a thought...........
Yes, but you have to wait
March 29, 2009 - 22:32 ET by mandrakeYes, but you have to wait about 3.5 years.
~Sigh
March 29, 2009 - 22:35 ET by choselife3xDayum..just had to burst our bubble, didn'tcha? ;-)
That high-pitched scream you hear is the troll under my heel.
Thanks, Noel...
March 29, 2009 - 22:25 ET by AgentAmerican...for the credit of the h/t!
But it's nothing to be jolly about. I did it as a heads-up.
This is IT. The country needs a serious wake-up call to action...you can forget about RINOs getting mad. No more talk show hosts blowing air. No more pundits blogging. WE THE PEOPLE need to get mad, and that's the last thing Obama wants, including those who voted for him and are having painful second thoughts. The people rising up and taking back our country is the only way this insanity is going to stop. I pray it is a peaceful revolution and no one is harmed, but I have a feeling it'll come to blows when, not if, it happens. The "sleeping giant" that one Japanese Admiral bemoaned after he smashed Pearl Harbor will have even more terrible resolve and will take the shape of citizens finally tired of a government that has lost complete self control, and lost all restraint. This is not a conservative or liberal issue...it is a freedom issue.
Again, I don't call for violence to resolve this. Just make your voices heard as loud as possible until there is "morning in America!"
2010: A GOP Hill
With federal money...
March 29, 2009 - 22:37 ET by pantrymancomes federal control...HOWEVER...I have never before heard of a president requesting the resignation of a private citizen...
What's to come??
According to the stimulus package, one hell of a lot more federal control...
But just remember, its for our own good....
Oh, and just one other thing....a camel is a racehorse built by committee...
I went to bed last night,
March 29, 2009 - 22:34 ET by Scout FinchI went to bed last night, and it was still America. But now???
This has scary repurcussions. As stated above: If Walmart does not recognize unions, will it's CEO be forced by Obama to resign? Where does it say in the Constitution that We the People invest the power in our president to force private businesses, with fully vested boards, to fire at his/her will?
What country is this???
Scout
March 29, 2009 - 22:39 ET by botgeven Debbie the monkey (lost in space) couldn't mess up the economy as bad as B-HO has
"Outside of a dog a book is man's best friend,------------inside a dog it's too dark to read" ---Groucho
You think Obama firing CEOs is bad....
March 30, 2009 - 01:03 ET by Tailgunner...wait until His Oneness starts firing Congressmen.
NOLI PUGNARE ME OCCIDERE
And the liberal outrage at
March 29, 2009 - 22:36 ET by zfAnd the liberal outrage at yet another example of Oblamas fascism continues to non-exist.
Whether the CEO "mismanaged" GM or not and quite frankly, not even a brilliant manager can turn these companies around, what with the recession, the market uncertainty fostered by Blamie, the flawed pay structure imposed by the unions and the war against cheap fuel and big cars (which Americans tend to buy more than small vehicles) by the enviros, 'Bama should not be telling the private sector what to do and leaning on them until he gets them to do so. This is nothing more than state directed oppression.
It depends on how this went
March 29, 2009 - 22:59 ET by Gat New YorkIt depends on how this went down.
What should have happened was that Wagoner submit a plan and with it a resignation.
Wagoner and his crew should have been out of GM a long long time ago. GM managed to ruin just about every brand of car they had along with accepting union contracts that they could not financially afford.
They should have been in Chapter 11 months ago, but having bailed them out company executives should have had enough sense to resign and allow more capable management to replace them.
So I agree that Wagoner needed to go. But if Obama did this to grandstand and appoint someone of his choosing (having never worked a job or ran a company in his life) then GM is as good as gone.
He did not hire Wagoner...
March 29, 2009 - 23:04 ET by jdripperbut he fired him. So much for 400 years of common law in regards to corporations.
Jack
"If at age 20 you are a conservative then you have no heart. If at age 30 you are a liberal then you have no brains." Sir Winston Churchill
I prefer Rick Wagoner to Chairman Zero any day.
March 29, 2009 - 23:34 ET by CTOur petulant punk POTUS is sending a message to his pal Hugo see what I can do.
Inspired by a certain novel
March 29, 2009 - 23:43 ET by UnsaneWhy couldn't Waggoner quit exactly like this:
By demolishing ever trace of GM on the planet: blowing up every factory, every facility, every showroom, every single damn thing (except the GM cars and trucks in the hands of people who have bought them) they own.
Then, once he was done, walked right up the His Majesty The Shahinshah, and yelled at Him, "Here, a*****e!!! YOU RUN IT!!!"
His Majesty The Shahinshah is such a genius, and so perfect in all of His attributes, that I am sure He could have taken GM from that state and made it the world's biggest auto company again in no time based off of nothing but His many talents, His giggles, and His beautiful smile.
Or, then again, maybe He would have just curled up under His desk, and began crying hysterically.
"CONSUMED DEMOCRACY RETURNS A SOCIALIST REGIME" - Slayer, "Fictional Reality", from Divine Intervention (1994)
Unsane, how right you are.
March 29, 2009 - 23:52 ET by MotherLOL! I'll break out the ketchup, butter, bacon grease and bibs. How do we wrap our minds around this? I'm trying to understand why our hot-house orchid who easts Kobe' beef can even dare to 'giggle' over our current 'sitch'? I'm sickened and disgusted. Bleh.
Obama would simply have Wagoner....
March 30, 2009 - 14:04 ET by Tailgunner...shot.
Maybe not this Wagoner, but surely a future Wagoner with the nerve to oppose this tyranny.
NOLI PUGNARE ME OCCIDERE
Are we SURPRISED?
March 29, 2009 - 23:55 ET by SlyrrObama and Chicago are well-known to be so thick into Mafia and organized crime culture that the two are synonymous. And yet we're acting surprised that the thing which happened here is exactly what we KNEW was going to happen.
The moment you accept bribe money from a mafia kingpin, they own you, lock stock and barrel. And the Obama communist mafia is no different. The instant GM accepted this 'bailout' money, they sold themselves as slaves to Obama and his ACORN thugs.
Are we then surprised that Don Obama has now exercised his 'protection racket' tactics and is replacing the CEO of GM with one of his ACORN puppets?
I'm not surprised at all.
GM - and every one of you morons who took blood money from this onion of a human being - get ready. 'Cuz guys with pin-striped suits, fedoras and brass knuckles are going to be standing behind you, thumping thier fists into their palms for the rest of your lives until each and every one of your businesses are lumped into the Obama Communist Economic Concern....
NYT slams Beck - Update
March 30, 2009 - 00:11 ET by Cool ArrowDrudge links this feature in the NYT.
The picture they paint of Glenn Beck is that of a fearmonger and voice for revolution.
Gettin' kinda nasty over there at NYT.
His comments have prompted several bloggers to speculate recently that the TV host may have been promoting an armed revolt. (That's the equivalent of "some say")
LYDSEXICS UNTIE!
NYT v Glenn Beck?
March 30, 2009 - 08:20 ET by CT"...The picture they paint of Glenn Beck is that of a fearmonger and voice for revolution..."
I didn't get that out of the NYT piece, I don't think Glenn Beck would either.
Personally I believe Beck is as crazy as he says he is and just as harmless.
Snake oil is just snake oil.
I like the idea of this
March 30, 2009 - 00:21 ET by ConservativeRexI like the idea of this kind of a stimulus: Give every worker over fifty one-million dollars, flat out. There would instantly be ~ 40 million job openings, cars sales would go through the roof, and just about anything else for sale would too. Although, full disclosure, I am an ant where most of the United States are grasshoppers.
I could be persuaded spend some of it though.
Obamaland
March 30, 2009 - 00:45 ET by VinncyGAHHHH Change .. you gotta love it. Our system of government is eroding faster than a 500 people caravan of DC bodyguards and teleprompter holders for Obama's next bit of change to come at the G20 meeting.
The NY Times is giving out the Cool Aid about Glenn Beck, while keeping their hand out to be greased by the holy one and continue to with the liberal looney-tune message of the day.
Change.... It's great, my country is sinking into a pit and liberals are on a Utopian high. The founding fathers must be spinning in their graves over just how stupid liberals are and the disgrace that is the mainstream Media.
The thing is, Obama will
March 30, 2009 - 00:55 ET by zfThe thing is, Obama will now try to claim that "see, I'm not just giving them money, I'm being tough on them!" when what he really wanted was worse than just to give them money, give them money but then later demand they bow to his every whime in exchange. It's about control, not oversight. The money being wasted and the companies going under would be better than the precedent this sets! Detroit beyond repair, face it world. And trust me, Obama is glad about it, he's thinking let the bailouts fail, and then I can get what I really want, a faulty mandate for me to run the auto industry. Auto czar anyone? Thank God Ford at least was smart enough to see through him. Now Blammo also wants control over the communities where the auto plans are. Scary.
Bailout recipents beware, when you make a deal with the government, ain't nothing you get from it is truly free. Sort of like with Satan.
P.S. Why didn't he ask any Union heads to resign, hmmm? They are just as big a part of the problem with their mismanagement as any CEO is.
GM
March 30, 2009 - 01:14 ET by JudithWhat next? Along with the stupids in this country, we now have the insanes. I just can't believe I am reading this crap. We better get loud and proud pretty soon or else.
It looks like we are
March 30, 2009 - 01:20 ET by mostlymoderateIt looks like we are eliminating the free-market and capitalist system to where the Executive Branch of the United States will operate all Fortune 500 companies. Nice. We should have anticipated this when the government started telling us we had to hire certain people (quotas) and had to start offering certain benefits (health insurance) and had to pay certain salaries (minimum wage). Captalism should be dead in another 8 years.
CEO's Now, Pastors Later
March 30, 2009 - 01:46 ET by Blue Collar ToddIf Obama can fire CEO's then he can hire the ones he wants as well. Given that the religious Liberals see President Obama as the first ever Pastor in Chief then it seems conceivable that he could remove and appoint pastors as well.
He's not Pastor-in-Chief: It's Pretend-Christian-in-Chief and...
March 30, 2009 - 16:46 ET by CKA in Red State USA...he can huff and puff and blow all he wants, he will never force true Christian pastors from their pulpits.
But by his actions, God-hating Obama may drive some of them and some Christians, in general, to jail for non-violent resistance to the abortionist-in-chief's, fool-in-chief's, Marxist-in-chief's and megalomaniacal ignoramus' actions.
Well, pardon me
March 30, 2009 - 02:25 ET by JerWell, pardon me for feeling eminently uncompelled to join in the frenzy of apocalytic hand-wringing. I just looked outside, and the sky was still intact. Why so? Because there was a clear and readily available free market option in the event Wagoner wished to remain as CEO of General Motors: DON'T TAKE THE MONEY.
Otherwise, if he wanted U.S. taxpayers to cough up tens of billions of additional dollars to fund the continued operation of GM, then it was hardly shocking to require Mr. Wagoner, as part of a geneneral restructuring of the auto giant, to step down. My understanding is that Wagoner had a reputation for being too accommodative in negotiations with the UAW. If so, this action also carries the implicit message that the union too must make sacrifices if the company is going to regain and maintain financial viability and the thousands of employees retain their jobs. What's wrong with that?
Jer
"Otherwise, if he wanted
March 30, 2009 - 08:58 ET by ckc1227"Otherwise, if he wanted U.S. taxpayers to cough up tens of billions of additional dollars to fund the continued operation of GM, then it was hardly shocking to require Mr. Wagoner, as part of a geneneral restructuring of the auto giant, to step down."
Taxpayers cough up billions of dollars for student loans....does that mean Obama should have the right to tell me what major I choose, and where I have to work after graduation?
Do we really need a guy running and making decisions for GM that knows zero about running any business, let alone one of the largest automotive businesses in the world?
"DON'T TAKE THE MONEY'?
March 30, 2009 - 18:18 ET by TailgunnerIf I need a home equity loan, does that mean that the bank can walk into my house in six months and force me to leave while my wife and cats are allowed to remain?
Can the bank come into my house and rearrange my furniture?
Can they go to my neighbors and spread lies about me until we're afraid to sleep at night?
Of course not. That's because home loans, or any loans are based on written contracts enforceable in courts of law.
Undoubtedly Obama's bailouts were based on similar, mutually understood contracts. I'm sure Wagoner and GM didn't (knowingly) sign suicide pacts.
(Matter of fact, AIG made sure their bonuses were specifically protected under their bailout plan. Little did they know....)
At any rate, federal money does not give the federal government carte blanche.
Obama has usurped constitutional powers, business and contract law to the point that no contract, executive or business of any type is safe from Obama's arbitrary and destructive tinkering.
Obama's acting like the 'Sorcerer's Apprentice' who found his master's magic wand and wrought havoc with it.
NOLI PUGNARE ME OCCIDERE
Don't OFFER the money
March 30, 2009 - 18:12 ET by UnsaneJer, maybe the federal government should never, ever have offered the money in the first place. This isn't France, or so I thought.
But of course, that thought never crossed your mind, did it?
GM should/should have declared Chapter 11, reorganized, beat the parasitic UAW 'round the head and shoulders, and called it good.
"CONSUMED DEMOCRACY RETURNS A SOCIALIST REGIME" - Slayer, "Fictional Reality", from Divine Intervention (1994)
Unsane...
March 30, 2009 - 20:52 ET by JerMaybe not, but that's another kettle of fish. Bush and Paulson set the precedent when the latter ran to Congress with his head on fire last September.
Obama made it clear today in denying additional money to GM that he expects concessions from all parties, including the UAW. I assume you applaud his actions.
Jer
Honestly, Jer, I wouldn't applaud Barack Obama...
March 30, 2009 - 22:08 ET by Mike Bratton...if he performed Hamlet's soliloquy in the original Klingon.
Flawlessly.
When the federal government gives a private business money to prop it up, or otherwise attempt to keep it solvent, the strings attached to those dollars do not include the ability to hire and fire. HR is the purview of the people who actually operate the company.
Or, at least it was before the United States became a dictatorship yesterday.
--Mike
www.thebrattonreport...
o
March 30, 2009 - 05:45 ET by DontFeedTheTrollsWhat Wagoner should have said:
"With all due respect, Mr. President, I don't work for you, you work for me and for the American people. I work for the GM stockholders, and if they ask me to resign, I will."
Obama would have flipped.
D
Keep the ILLEGALS out, join NumbersUSA to send free faxes to your reps.
Congratulations!
March 30, 2009 - 05:59 ET by xyzzypoofsYou've been "organized" !
Thanks to the Big "O"pressor!
Chavez fires all of Venezuela's Newspaper Editors
March 30, 2009 - 06:11 ET by ThisnThatNewsflash: Chavez has fired every single one of its nation's newspaper editors.
"That's not true", said Chavez. "I simply asked them to resign. I'm about to unveil additional restructuring efforts designed to save the domestic newspaper industry." Officials providing information asked not to be identified because details of the restructuring plan have not yet been made public.
Although this story is made up, what would be our reaction if we woke up and heard this story? All I did was to replace certain names within the AP story to point to Chavez. Kinda scary, if you ask me. Especially since this is right in line with Obama's continuing plans, including "increasing taxes on the wealthiest Americans".
___________________________________
The challenge is to follow a consistent plan despite inconsistent prices - Sarah Palin, State of the State of Alaska speech
BO's firing GM cheif
March 30, 2009 - 06:41 ET by kiwikitWhy doesn't he also fire the labor leaders who are just as guilty of no agreements between labor and management, if not more so?
Sham Boozle
March 30, 2009 - 07:18 ET by FlyOverCountryThis is a classic Obama sham boozle. He wants to kick some graft to the unions.
GM and the Union have had months to re-org after they got billions of dollars. Today Obama will tell us how tough he is and how he is looking out for the taxpayers. He will say GM has to make some tough decisions and since they haven't (when in fact it is the unions refusal holding things up) the GM CEO must go.
Today obama will say since the GM CEO is leaving now the company will need more time to re-org (a crisis obama created). Obama will say he is reluctantly going to authorize billions more taxpayer dollars for GM and the Unions and they will need a couple more months to come up with a long term plan for survival.
Sham boozle complete - auto unions get more billions more in taxpayer life support, obama claims he is being a good watchdog of taxpayer funds, obama makes it look like GM management is the problem. Obama forcing Wagoner out sets up a GM management crisis, and we all know you can't let a "good crisis go to waste". Now obama can leave tomorrow with his 500+ entourage for the G20 summit. The presstitutes will following along and ignore this story.
Well lets consider...
March 30, 2009 - 07:23 ET by AJBA-way back in 1973, we had gas lines. We had shortages (mostly caused by government regulations and inept government officials, none-the-less, shortages!). We had gas guzzling cars. We were being held by the gonads by the oil Sheiks. For almost a century, the price of wheat was pegged to the price of oil. Then came the oil crunch and the link was broken because we didn't have the gonads to play hardball with the Sheiks. We were a moral nation who wouldn't use food as a political tool. But, it turns out, we were the tools.
Kennedy had thrown down the gauntlet and got us to the moon in less than 10 years. What did Nixon and Carter do? Thrown down the gauntlet to challenge us to get independent of foreign oil? Nah. We just rolled over and let the Sheiks play the back nine.
GM was fabulously wealthy in the 60's. The money making machine then did really stupid things. Like let the unions have full reign of their business. They turned over control to the mob bosses and the gangstas of the time. They didn't do a good job of managing their business.
Skip forward thirty years. No centralized policy to become energy independent. GM et al's answer to the rising gas prices was insane. Buy our trucks and we'll pay your gas for a year. Meanwhile, GM didn't make the hard business decisions. They let the Japanese make them. Hybrid cars, electric cars. GM was paying almost $1,200 per car on union extorted health care for life for their workers, their non-workers and their retirees which Toyota was paying about $200. GM became the Titanic.
So, why doesn't GM fail? The Pols are getting too much money from the unions who control the game. Look at what unions said they would give up to save GM. Not a damned thing. They said wait two or three years and we'll throw in a few pennies. So the Pols are doing the payback dance, giving carloads of cash to keep the unions in business under the guise of saving the auto industry in this country. The President of GM, who could have belly-ed up to the bar and made some drastic changes 8 years ago just went along with the status quo.
No, they deserve to go. They can't compete. The union needs to lose its grip on our politicans. We need to make it a national priority to become energy independent within ten years. We need tough competitors who are lean and mean to battle the Japanese, Koreans and Chinese in making better, more reliable, and more fuel efficient cars starting TODAY. We need to get tough again. We need that competitive spirit, not the welfare, lazy-minded, self serving crap that has enveloped our country.
Not only did President Obama force Mr. Wagoner out...
March 30, 2009 - 08:04 ET by ThalpyNot only did President force Mr. Wagoner out, but he has decided to have the Federal Government underwrite the auto warranties. If you thought we've had lousy cars in the past, just wait.
Gee weren't the cars made
March 30, 2009 - 08:19 ET by eaglewingz08Gee weren't the cars made by the Warsaw Pact and the Soviet Union governments the hottest cars ever made? I expect the Obamacars to wind up in the same dustbin of history.
While I believe that the heads of the Big3 should be sacked for their horrific business decision making which left their companies nearly bankrupt, I find it horrific that a President of the US could direct the firing of a CEO of a publicly traded company. That GM President had A CONTRACT with GM for a term of years. That CONTRACT had not expired under its terms. So, the Obama Administration (and its former AIG and GSE lobbyists and employees and agents) which held the AIG contracts sacrosanct, suddenly finds that GM contracts ARE NOT sacrosanct at all?
If GM were run into the ground by the current President and Board, it should be up to the shareholders to replace them for poor performance not some politico in Washington doing so. If the shareholders don't vote them out, then its their shares that suffer from retaining such management. Moreover, if the companies managed so badly, they should be in bankruptcy not on bended knee to Congress and the President.
I also heard some hack for the car companies saying that the workers had agreed to significant modifications of their labor contracts. I have not heard anything of the kind nor have I seen anything to substantiate this. If anyone here has any such information please post. The last I heard was that the unions were saying they would rather the Big 3 go out of business then give up a dime in benefits. Classic libtard economics.
obama
March 30, 2009 - 08:13 ET by jessieHJessie R. Hamby That's funny, WE tell Frank, Pelosi, & Dodd to step down & they ignore US. Maybe we should have said please. I guess what WE want doesn't matter anymore.
A little tyranny becomes the norm
March 30, 2009 - 08:27 ET by Jack BauerGovernment controlled, so-called "capitalism" was the foundation of National Socialism, better known as fascism.
State control of formerly private companies was essential for Mussolini and Hitler
Obama has clearly been fully brainwashed with reactionary Marxist class claptrap, I'm sure he only sees this as a temporary period until the time is ripe to transition to full nationalization.
Capitalism being too important to be left to capitalists. This is just the beginning of actions which exhibit essentially tyrannical underpinnings. And I use that word deliberately.
A President (with 52.7% of the vote) using his powerful office to fire someone despite having NO constitutional power to direct private companies? If this is NOT an essentially tyranical act, then what is it?
Of course, the reaction of the mob will be -- hell yeah, fire his ass. Serves him right. Then it'll be prosecute him. Screw him. Hang the witch. Who cares. Power to the people dude!
Then the next tyrannical act will be a bit easier. But having set the example, Obama won't even have to give orders.Things will justhappen spontaneously because it is known what the King --- I mean the President desires.
Think I'm kidding? No, that's how it works.
Failure on every front
March 30, 2009 - 08:27 ET by aakaakaakThere are a plethora of problems that have crushed the American auto industry. The heavy-handed tax structure on manufacturing, the inability for the corporate guiding teams to anticipate market shifts (I.E. smaller and/or more fuel efficient vehicles), over-administrated unions (I.E. Union Overlords), horribly inefficient manufacturing processes and, above all, a severe stifling of innovation because of the constraints mentioned above. All the crap has put a full-on rear-naked-choke on the auto industry and this is one of many to tap out.
Sadly, there will be more. The worst is yet to come.
Well, 15 minutes into the trading day...
March 30, 2009 - 08:45 ET by Prester John...the Dow is down 215.
Running Man
March 30, 2009 - 09:02 ET by young_schoolAnybody get the feeling that these cats are experts at running interference for themselves? Every time some potential big decisions need to be made or the potus and his staff (of 500+) are going on some big trip, they throw some bait out there for us to feed on while they turn us into the scum they think we are.
I got dibs on getting Billy Ayers to come speak in my school district.
Young School
How far will this Prez go?
March 30, 2009 - 09:03 ET by sam12663For the President of this country to basically force out the leader of a major corporation is a scary thing. With this development, why would any corporation take government money, so as to have this kind of hammer hanging over their heads? What has happened to the capitalist system? This administration is going 200 MPH toward socialism, and it is very concerning.
President Obama is nothing more than a empty suit; a Hollywood style special effects smoke and mirrors show that has shown itself to be a total fraud.
WAKE UP AMERICA! SAVE OUR CONSTITUTION!
LET THIS BE A WARNING TO OTHER COMPANIES
March 30, 2009 - 09:59 ET by krendlerIf you take bailout money, expect Obama, Nancy and Barney to act like they're the sole members of your board.
Ford was smart.
Still, Wagoner and GM should have told barry to go ph*ck himself, after asking him "Uhh, tell us, again, what your business background is...."
Or in the spirit of "quid pro quo", Wagoner should have countered by suggesting that Obama divorce Michelle: "Even taking into account the Michelle 2.0 Makeover (tm), America's tired of looking at her ugly, bitchy, Klingon-like face".
By the way, why didn't Obama also ask for the UAW to "resign" from the company as well? They're a much bigger part of the problem than the CEO.
Scary opening line in LA Times piece article on Wagoner and GM. Never thought I'd read something like this (straight out of 1970's Soviet Union or China):
"The Obama administration rebuffs GM and Chrysler restructuring plans and ousts GM Chairman Rick Wagoner over the weekend. "
2010 and 12 can't come soon enough.
We need a challenge
March 30, 2009 - 10:00 ET by slickwillie2001I also wonder what would have happened if Wagoner had refused to leave quietly. Sooner or later the Bamster's fascist advance will be challenged in court, and we should welcome that. The Wells-Fargo instance might have been a good test case, if not for the fact that banks are already regulated to death. A challenge from private industry would be interesting, and also to see the Supreme Court's thoughts on this, which we are not privy to. The Kelo decision was not encouraging, but are way beyond that now.
BTW...Who, then, is GM CEO at this point???
March 30, 2009 - 10:07 ET by krendlerBarry?
Barney?
Nancy?
Dodd?
Tim Geithner?
Maxine Waters?
What is that word
March 30, 2009 - 10:09 ET by EnDashEnDash It's right on the tip of my tongue. That word we use to describe a government that dictates a corporation's staffing, decides what products it should and should not make, reguates its marketing tactics, sets compensation levels, decides how much its debtors and shareholders whould benefit.
Anyone remember that word -- the one that just seems to escape me at the moment?
→ I know
March 30, 2009 - 10:16 ET by Cool ArrowIs it Sensualism? Saxonism? Sociology?
LYDSEXICS UNTIE!
It's a UAW bailout!
March 30, 2009 - 10:52 ET by slickwillie2001I'm endlessly irritated that these bailouts are not recognized for what they are, bailouts of the UAW.
Everyone else in the mix here has made huge sacrifices, but the unions concessions are really trivial. Obammy doesn't want GM or the others to go into the bankruptcy proceedings because then union contracts will be voided. He is protecting his unions goons.
In his gift to the nation today, he (or his speechwriter) created another strawman, as Krauthammer points out he is wont to do. He said something like 'we don't need these companies broken down and sold off in pieces'. If GM goes into Chapter X bankruptcy, that outcome is highly unlikely, and Maximum Leader could simply dictate that outcome as unacceptable. Again, all he is protecting are the union thugs and their gold-plated contract packages.
who's next?
March 30, 2009 - 11:13 ET by katainkentForce them to restructure - ok I get that - the obviously need some fresh meat making decisions there. But shouldn't the board decide if the CEO gets fired? So what's next for GM- Force them to make the next generation of "green car"? And after that when they don't move. Will our tax dollars be subsidizing this effort? What if they STILL don't move off the lots, then what? Artificially jack up gas prices? The possibilities are endless. None of them sound pleasant.
who's next?
_____________________________________________________
Obama does not perform as advertised. I'd like a refund.
Taxed Enough Already.
Good morning katain
March 30, 2009 - 11:24 ET by cocodrieWe'll know who and what's next when Present Hussein Obama proposes a trillion dollar bailout of the saddle and bridle industry.
Jesus Loves You so much He died for you
Chrysler/Fiat
March 30, 2009 - 11:24 ET by slickwillie2001And another thing, el Presidente has ordered Chrysler to go to Fiat and make some kind of deal with them. They have a 30-day deadline to do this. This is like your wife sending you into a Turkish bazaar and telling you to buy a 'piece' at any cost, and the owner hears her. Great start on a bargaining position, huh?
We have a President that has not run anything in his life, even a Lemonade Stand, acting like the CEO of the entire country. Woe is we.
PS: Chiat? Frysler?
El Presidente Obama. I
March 30, 2009 - 12:05 ET by Jack BauerEl Presidente Obama. I like it.
Why take over Banana Republic when you can turn the whole of America into a Banana Republic?
GM's new car is to be called THE OBAMA. It runs on hot air and has a built in Teleprompter
Our so-called business "leaders" are spineless wussies
March 30, 2009 - 11:58 ET by R D HelmFirst, the head of AIG falls on his face and licks the feet of Bawney Fwank. Now Rick Wagoner caves into to the Organizer with no resistance whatsoever, effectively handing over control of GM to the government.
Chrysler will be next, count on it, and if I were Ford, I'd be shaking in my boots.
Obama said the federal government was not going to nationalize the banks, yet it is setting about doing exactly that.
He now says the feds aren't interested in running GM, even as the government takes control of it.
This man is lying through his teeth.
"What does it mean if a President can force the resignation of a CEO that still answers to shareholders?"
It means you can kiss the private sector goodbye, and our freedom along with it.
I have been saying for some time now that the election of Barack Hussein Obama with a democrat congress would result in nothing less than a Marxist coup.
I guess its going to take the Obamanistas taking over everybody's damn HOA's and start putting up checkpoints at the entrances to their subdivisions before most of the brainless dolts in this country actually wake up to what is really happening.
-Dave
This coup has gone on long enough. The time to put it down is NOW.
I wonder...
March 30, 2009 - 15:54 ET by taocpaAfter reading this article, there isn't some relationship between the two?
http://www.politico....
Seems to me there is. Look at it this way, no one at AIG falls on their sword, but GM has to? Sounds a bit disingenous to me.
This is simply un-American. What Obama and his administration did is wrong. The Obamanistas were stupid to have voted for this fool with no experience at anything.
Tom
Boycott GM
March 30, 2009 - 21:05 ET by WesenIf Barry foists his will on GM I hope every American boycotts the Company till it is no more. I will.