Obama Pushes GM CEO Out

Yesterday, in my opinion, the government has crossed the line. I understand that the automobile industry has been struggling for years now and almost at the brink of collapse. I understand that the losses have to end at some point and the bailout money has to stop at one point. But is it really the U.S. governments place to ask a CEO to step down? I feel the answer is NO. Rick Wagoner, CEO of GM, was forced to step down today after 8 years as CEO. A White House official told Fox News that Wagoner was asked the Administration to step down as a precondition for the company to continue to get help with its restructuring. Notice how Obama made the press conference after the news was made public of the “ousting” of Wagoner. That means that he was told that if he did not leave, GM would not receive anymore bailout money. Democracy or Socialist ?? It will look like he resigned for the good of the company, which he did, but remember that he was forced out. I wonder if Obama will force AIG’s CEO to step down after the bonus mishap ??. Also, the U.S. government is backing all warranties for all new cars from GM. What’s next ?? The U.S. government will say they will stop backing all warranties and force the car owners to buy more fuel efficient and “green” cars ?? Many might say this is no big deal, but think about the last time a U.S. president told a CEO from a public company to leave his job ?? Go ahead………continue to think. You don’t have an answer, right ?? That’s because it has not happened. I don’t like what I am seeing and it only further proves what I have been saying for months now – he has socialistic ideologies and has always surrounded himself with terrorists, socialists, and corrupted people. Why change now when you are the ultimate boss ?? On the other hand, he will help those who helped him throughout his “political career”.

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