Posted by
RepublicanEvangelist on Monday, March 30, 2009 1:34:29 AM
I am sure by now you heard that the President has fired the CEO of General Motors today. I am disturbed at the chutzpah of this President. He won an election for sure but was elected President and not dictator. Nevertheless he is behaving as such by moving full steam ahead on bankrupting the country, nationalizing health care, trying to destroy the housing and private charity with the reduction of charitable and mortgage deduction, and for suggesting he should have the power to fire executives and take over control of companies UNRELATED TO WHETHER OR NOT THEY RECEIVE FEDERAL FUNDS. Now this.
http://townhall.com/news/business/2009/03/30/gm_ceo_wagoner_to_step_down_at_white_house_request
Look the American auto industry has
problems. Most of them revolve around non-realistic union contracts
with the UAW that include retirement plans that are unsustainable. I
have heard that every worker at GM is supporting 6 retirees. That's
almost as bad as social security. Speaking of which, why does anyone
think the federal government and more specifically Barack Obama and
Democrats in congress and the Senate can do a better job than people
who actually make cars. Obama was presented with a budget deficit of
around 400 billion plus 700 in one time TARP charges. He turned that
around and is proposing a budget of 3.6 trillion with trillion dollar
deficits for as far as the eye can see despite soaking the rich to
"close the gap." Does he want to do the same for GM?
I was thinking about whom Obama will appoint as the new CEO of GM, considering Obama's past record in picking people like in his cabinet (I love this joke : What's the difference between Obama and Jesus? Jesus knew how to build a cabinet), I think he'll pick Joe Biden. "No one messes with Joe," said the President at the sort of State of the Union address early this year to a chorus of disturbing laughter. People were definitely laughing at Joe and not with Joe. "Two hundred years ago President Washington told General Motors...." I can't wait for the soundbites.