Sunday, March 29, 2009

Just call GM "Government Motors" from this point forward

Well, the taxpayers own GM and Chrysler now, so the government now gets to decide who gets to work there and who does not.

President Obama just forced the CEO of GM to resign. Sounds like something Hugo Chavez would do, right?

The Obama administration asked Rick Wagoner, the chairman and CEO of General Motors, to step down and he agreed, a White House official said.

Yes, I know...Bush started it. That will be Obama's excuse.

By the way, this means that the auto industry is going to be bailed out again. Some of us actually predicted that the auto industry would have to be bailed out again by April. That, of course, is happening right now.

So when do taxpayers actually catch a break in the Obama administration? When does Obama actually start helping main street instead of Wall Street?

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