About the Firing of GM's CEO

In today's announcement of further bailout monies for the Auto Industry, Barack Obama stated that the government has no intention of running the auto companies. Oh, really?

By demanding a restructuring plan from any corporate entity, the government is effectively running that company. Further, by telling a company to fire it's CEO, the government is running that company. Telling a company what they can or can't pay their execs or what bonuses they can give out is running a company. Telling them that they can't have corporate jets or that they are not allowed to have off-site meetings is running a company.

As soon as any bailout money was given to any Bank or auto company, the Obama Administration decided that they could tell those companies how they should operate. It is just plain disingenuous for Obama to say otherwise.

Furthermore, Obama/Geithner want even more control of American business; even those who haven't received bailout funds; but, who are "determined" to be essential to America's economic health. In theory, that could include a profitable company like Microsoft because they have 90 percent control over personal computing in both this country and in the world.

Make no mistake about it. Obama is using this crisis to effect the biggest government takeover of business outside of what has only been previously done in many 3rd world dictatorships. We still have 3 years and 10 months got go with this guy before, hopefully, he's voted out of office! God save capitalism in the United States!

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