#008 March 31, 2009
Did I fall asleep… have I been in a coma? Did I awaken this morning in the twilight zone? Have I moved from the “free” country of the U.S.A. to somewhere (anywhere) else?
President Obama requires GM’s CEO to step aside…
“On Friday I was in Washington for a meeting with administration officials,” Wagoner said in a statement. “In the course of that meeting, they requested that I ’step aside’ as CEO of GM, and so I have.”
President Obama said Wagoner’s dismissal was less about retribution or incompetence than it was about giving the company a fresh start.
“This is not meant as a condemnation of Wagoner, who’s devoted his life to this company and has had a distinguished career; rather, it’s a recognition that it will take a new vision and a new direction to create the GM of the future,” Obama said.
I’m just curious, when did President Obama ever run a business? What does he know about making money, when he never earned money in a business at all? Should President Obama’s title be changed to Premier Obama? Do we now have an oligarchy ruling America? (Oligarchy is a form of government where power effectively rests with a small elite segment of society). Has our government formed an Oligarchy of Obama, Geithner, Bernanke and Pelosi? I am amazed, in less than 12 months we have gone from just not liking our President to having a President actually requiring a CEO of a private institution to resign.
I bet Wagoner wishes he would have taken bankruptcy instead of bail out! As much as I disagree with the USG having the ability to require a CEO to resign, at least it almost seems apropos – he was willing to take government money, now he has to play by their rules. Kind of like, if you go to the Godfather for help, you are now in his debt. GM, Chrysler, AIG, and the major investment banks now must line up and submit to the Godfather (I mean President).
And of course, let’s not forget the administration’s desire to control any private business they deem “too large to fail.” I wonder where all this is going? I have no idea, but I know it cannot be good for freedom loving Americans.
Another thing… have you heard of the new AmeriCorps Bill passed by Congress? This will triple the size of the organization and cost us several billion in the next five years. AmeriCorps is the public service organization President Clinton formed in the early 90’s. I read about this bill passing last week and it got me to wondering, “is this the precursor to a national service organization?” This concerns me. I believe the USG is working towards a mandatory national service organization – not unlike the military draft, only for “civil and public” service. I think this bill/program could ultimately morph into a mandatory 2 year stint for young Americans, all in the name of “public service”. I am going to research more on this topic in the next few weeks. Let me know if you have any insight on this subject.
March ended up for the markets – hopefully (?) that will translate to good news for all us out there in TV land. The major economic reports will be out at the end of this week… let’s see how the oligarchy and their minions can spin the March reports.
I thought you might just want to know!
With regards,
Allen
Information contained herein is deemed reliable but not guaranteed.
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Very nicely put!! What in the world is going on??? The President involved with the auto industry and decides on who is employed and not...but as you stated..they should not have accepted the $$$$. If it sounds too good to be true than it is!
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