Obama cracks the whip:
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 Obama is to unveil his plans for the auto industry, including a response to a request for additional funds by GM and Chrysler.
I expect the conservative media will be in a tizzy over this, but there’s no reason for it. The evil was in the bailout, not in the reality that once someone is into a corporation for 13 billion dollars, they’ll be calling the shots, thank you very much.
Fascism isn’t conceived when the government decides to flex its muscle in a public-private partnership, the conception takes place when the public-private relationship is consummated. I have no sympathy for Republicans whining about this, Bush teed it up and Obama is dutifully laying the wood. The only surprise is that it’s not the Lizard Queen playing executive whack-a-mole.