The IUSB Vision Weblog

The way to crush the middle class is to grind them between the millstones of taxation and inflation. – Vladimir Lenin

It’s Gone Too Far! Obama ‘Fires’ CEO of GM.

Posted by iusbvision on March 30, 2009

This power grap has gone too far. Does anyone dare to tell me this is not socialism now???

Politico:

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 Barack Obama is to unveil his plans for the auto industry, including a response to a request for additional funds by GM and Chrysler. The plan is based on recommendations from the Presidential Task Force on the Auto Industry, headed by the Treasury Department.

The White House confirmed Wagoner was leaving at the government’s behest after The Associated Press reported his immediate departure, without giving a reason.

UPDATE: Neil Cavuto comments –

One Response to “It’s Gone Too Far! Obama ‘Fires’ CEO of GM.”

  1. Judy Miller said

    Hopeless: Fights are breaking out over Michigan in response to layoffs spurned by Obama’s choice for bankruptcy above all other options. Watch video:

    http://tinyurl.com/hopelessobama

    [Thanks Judy – Editor]

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