Our fearless leader Barack Hussein Obama usurped yet another power when he told GM CEO, Richard Wagoner, to quit or else
i. In the free country formerly known as the United States of America, the president had no more authority to fire the CEO of a private corporation than the CEO had the authority to kick a president out of office for something like not producing a valid U.S. birth certificate. While a CEO still lacks any authority to force a president to prove his U.S. citizenship, apparently now a president can override the decisions of a private corporation's stockholders by unilaterally reorganizing the company's management. The president now acts as a dumbed down version of Donald Trump on the Apprentice, although Donald understands free market economics much more clearly than a community organizer who takes advice from a circle of friends which includes radical communists like Bill Ayersiiii.
Come to think of it, the president still doesn't have the authority to fire the CEO of a private corporation, but in contemporary America we don't waste time with such trivialities as the rule of law when CHANGE is needed to save us from....well, from a scary fate!Granted, GM should never have gone begging on its knees to Washington for money, much less have accepted it. Ford didn't and its CEO is still in place, but who knows for how long?
In the free country formerly known as America, the government and the economy were separate spheres. Much like the supposed separation of church and state, separation of state and economics created the most prosperous, inventive, and innovative society ever seen on the face of this earth and raised millions of people from the dregs of poverty into a stable middle class. However, with the advent of the fateful year of 1913, the federal government began taking more power away from the private sector and the people. In that year, the Federal Reserve came into being, as did legalized theft in the form of the federal income tax. Ever since then, Americans' economic freedom has been whittled away, piece by piece, gradually until we arrive in 2009, when presidents fire the heads of private corporations.
If GM was gullible enough to think there were no strings attached or prices to pay for such collusion with the federal government, perhaps it deserves what it gets. However, the precedent set forebodes even darker times ahead. If the president can dislodge the sitting head of a huge corporation like GM, would he even think twice about expropriating any of the thousands of small businesses across the country and giving them away to political supporters and cronies? Does he have any regard whatsoever for private contract and private property?
And does anyone really expect that the government takeover of GM will ensure it a successful future? Consider that the U.S. government is bankrupt itself – how in the world can the politicians who created the mess that is the national debt and deficit possibly turn a bankrupt car manufacturer into a profitable enterprise?
Obama commands and GM hastens to do his bidding. "Command economy" is the perfect way to describe this massive power grab by the executive branch. And don't forget that "command economy" is synonymous with communism, by the way. The government commands and citizens obey. No questions asked, unless you want to find yourself exiled to the Gulag Archipelago
iii.i - http://www.foxnews.com/story/0,2933,511869,00.html
ii - http://www.cnsnews.com/Public/Content/article.aspx?RsrcID=39357
iii - http://en.wikipedia.org/wiki/Gulag_archipelago