At President Barack Obama's behest General Motor's CEO, Rick Wagoner, tendered a surprise resignation. Wagoner resigned after 31 years with GM. However, in the mainstream media, and among the larger Internet news agencies, it is being suggested that this was not a voluntary resignation. The U.S. Government, under the direction of President Barack Obama, forced out Wagoner as CEO of General Motors. His crime? Failure to return GM to profitability. The deal? Resign as a condition for General Motors to receive more bailout money from the federal government.
It's like signing a pact with the devil.
Wagoner's poor management of GM is not being dismissed. Never mind the fact that under strict regulations the American car maker has been pushed and pushed and pushed to produce vehicles that the American People have no desire to purchase. Wagoner, however, is a rebel, in the eyes of the Democrats. After all, he dared orchestrate an SUV revolution by producing those sinful polluters against the very wishes of the Environmentalists, and the The Party - er, uh, Democrats and not-so-conservative Republicans.
I suppose one can say that Rick Wagoner is getting what he deserves. After all, he is the one who went to the government on his hands and knees - well, not quite on his hands and knees, but practically. Actually, it was in a dinky little hybrid, while the corporate jet remained humbly in the hanger. Anyway, he ran up to the great and powerful Oz. . . I mean, Obama, with his hand outstretched, accepting the government bailout. This action alone ensured that the government would have say over the daily functions of the domestic automaker. He should have seen it coming. He who has the money has the power, and in this case, that means the power is in the hands of the U.S. Federal Government.
Wisdom? I wonder how wise is this move to force out the experienced CEO, only to be replaced by some government puppet with less expertise, and whose puppet strings are being pulled by a collection of idiots that have never run a business, and a president that can only claim fame as a great teleprompter reader, and an adequate community organizer.
Bravo, Mr. President. What a wonderful move of authority. You have forced Wagoner to resign. After all, his management record is shotty. But, Mr. President, before you run off to Europe, I wish to ask you this: Is it wise to eliminate such an influential man, despite his management record, and replace him during a time of economic upheaval by a less experienced individual that has not been "in the know" during the recent history of General Motors?
Obama has assured us that he has no desire in controlling the American auto industry. Forcing the CEO of General Motors to resign is hardly evidence of control, right? And, since Obama must be honest about not having any interest in controlling the auto industry, we should not consider his rejection of the turnaround plans by General Motors, declaring the plans need fresh concessions if they are going to convince the federal government to give more long-term federal aid, as anything that even borders on government control of the industry.
The Associated Press indicates that the Obama Administration's rejection of the GM business plan raises the possibility of a bankruptcy. Quick question, Mr. We-don't-want-to-be wastin'-the-taxpayer's-money: What happens to all of those tax dollars given to GM if they go bankrupt like they should have done in the first place without any government involvement in the first place? Where does all that money from the first bailout check go? You promised that the taxpayer would get a return. If GM, after the first bailout, suddenly goes into bankruptcy, what happens to our money? Hmmmmmmm, Mr. President? Where will our money go?
General Motors CEO Rick Wagoner was forced to resign because Obama hates private enterprise, and because Wagoner was a big "SUV" guy. Obama, and the Liberal Democrats, desire American industries to operate under government control. That fact that anyone has reached success via the Free Market System, as far as they are concerned, must be knocked down to Earth. Then, since the greenies have been so good about supporting the socialists in donkey suits, the environmentalists will receive their green vehicles of which nobody wishes to buy. Don't worry, folks, the gas prices will be skyrocketing back up soon, and the government urging our domestic automakers to turn completely green will happen just in time for the sudden need for gas-saving vehicles. Then, while you are blinking your eyes in amazement at how quickly the environmentalists got what they wanted, the Democrats will complete the government control agenda by continuing to run this nation, and its last remaining industries, into the ground with bad strategic decisions by a bunch of politicians that have never run a business in their life, and a president whose only experience is allegedly organizing communities.
The Democratic Party hates Corporate America, and is doing everything they can to bring private enterprise under government control.
By the way, Obama has also stated, according to ABC News, that Rick Wagoner doesn't get his severance package either.
Sure, Obama, we really believe you when you say you want no control over the American automobile industry.
Is this change we can believe in yet?
-- Political Pistachio Conservative News and Commentary
Politico: GM CEO resigns at Obama's behest
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John Berlau of Competitive Enterprise Institute: CEI Comment on Obama Firing of GM CEO Wagoner
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