Obama Forces GM CEO to Resign
Posted on March 30, 2009
Obaman don’t mess around. You want free taxpayer money to help fix all the mistakes you made? It will come with strings attached.
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.
The White House confirmed Wagoner was leaving at the government’s behest after The Associated Press reported his immediate departure, without giving a reason.
Industry sources had said the White House planned very tough medicine in Monday’s announcement, which turned out to be an understatement. And it went to the very top. The measures to be imposed by the government will have a dramatic effect on workers, unions, suppliers, bondholders, shareholders, retirees and the communities where plants are located, the sources said.
Do you think Obama would pressure a Union head out? Of course not. But there’s a good case that he should. That would be wrong, too. This is our money Obama is leveraging for power, not his. And you don’t have a say in how he uses it.
Why does it feel like we are living in an Ayn Rand novel? Freaking looters!
» Filed Under 1st Amendment, Barack Obama, Delusional Dupes and DUmmies, Economy, News, Stupidity, bailouts
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2 Responses to “Obama Forces GM CEO to Resign”
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This firing would happen in any dictatorship.
China would have shot Wagoner.
Will the ex-CEO wear a disguise to the TAX DAY TEA PARTY?
This administration is the worst in American History!
It almost like he’s baiting the American People to defy him. (ò¿ó)