King Obama Canned GM CEO Without Even Consulting Congress
What does Obama need Congress for? He’s The One.
Sen. Carl Levin (D-Mich.), a fierce defender of the auto industry, says he was disappointed to see Rick Wagoner pushed out as chief executive of General Motors.
Levin also says there was no input from Congress on the Wagoner matter, and that President Barack Obama had already made up his mind when he informed a select group of lawmakers of his auto industry restructuring plans.
“There wasn’t much point in arguing whether it was fair or unfair,” Levin said, since the matter had already been decided.
Levin, who learned of the plan Sunday night in a conference call with the president, said Monday that one of the most “striking points” of Obama’s decision was that he is “absolutely committed” to seeing U.S. automakers lead the world in the next generation of cars.
Personally, I think Wagoner deserved to go. But the fact that the government, the President in fact acting unilaterally with an unprecedented amount of executive power, just canned a private sector executive is troubling.
I don’t think Congress or the President or anyone in government should be firing people like Wagoner. Nor do I think that Congress or the President or anyone in government should be protecting the jobs of people like Wagoner.
The government should, frankly, keep its nose out of the private sector.
I guess firing the head of General Motors must be a real coup for a power-mad narcissist like Obama-
what a rush. And his Marxist-professor mentors would be so proud.
Good luck finding a capable replacement willing to take-on such a herculean task with the whole country looking over his shoulder, while working 15 hrs/day for a buck-a-year… then having 90% of his bonus confiscated by congress.
Please, where in the constitution does it say that the president with or without congressional approval can do that, fire a CEO of a public corporation? Or is GM already government owned?
Let the country go bankrupt. Obama is out of control. Law and order will collapse and liberals will all go into hiding. All except Obama, he can’t hide. Some slimy little cowardly left wing turd will sell him out.
Can I get a crown like that with a purchase of a kids meal at burger king?
Well, if GM fails to return to it’s previous glory we know who to blame.
It was either be fired or have a bus load of militants circle the house. He opted for being fired and walking away with a golden parachute worth 20mil.
Who’d want to work for an idiot like Obama anyway.
Now I don’t want GM to fail, but with Obama running the show it’s bound to.
Where are the lefties who called Bush a “dictator”? Where are they now?
Hypocrites, all of them.
The most valuable thing any of us can have in times like these – a valid passport.
Every day I feel more and more like it’s time to walk out on this country. I have to write the Treasury Department a check in 2 weeks. I don’t want to do it. It’s not that I am against paying my taxes, it’s just I’m against wasting my money. I don’t want my taxes to help pay for a megalomaniac’s regime.
Never thought America would start nationalizing industries like banking, finance, insurance, and now auto. What’s next? Wal Mart? Sure they’re profitable – hey even more of an incentive for Obama to seize them. They could re-do that smiley face icon that lowers prices; change it to Obama’s face. Or Joe Biden’s face.
Sad times for us all.