The Conservative Cave
Current Events => Politics => Topic started by: Attero Dominatus on March 31, 2009, 01:24:59 AM
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A ‘Truly Breathtaking’ Departure
Has Obama officially ushered in a new era of government-controlled business?
By Larry Kudlow
Team Obama fired GM CEO Rick Wagoner Sunday afternoon, just a short time after Treasury man Tim Geithner told the television talk shows that some banks will need large amounts of new TARP-money government assistance — even though the bankers don’t want it. Does this smack of big-time government planning and industrial policy? Another lurch to the left for economic policy?
Remember, as bad as Wagoner’s performance has been over the years, it was the federal government — not shareholders or the board of directors — that threw him under the bus. (By the way, GM’s board is being thrown under that same bus.) And I’m not arguing in favor of Wagoner or his board; they’ve made a zillion mistakes. But I am wondering if we’ve officially entered a new era of government-controlled business.
Very interesting article. On top of that, there is also speculation Obama may fire bank CEOs (http://newsbusters.org/blogs/jeff-poor/2009/03/30/wall-street-bets-obama-will-fire-bank-ceos-next-says-cnbc-reporter) as well. Government control of private business is Fascism (http://pajamasmedia.com/michaelledeen/2009/02/12/we-are-all-illiterates-now/) (which is a leftist ideology, to remind any lurking moonbats) by definition. I do hope America wakes up before too much damage is done, but all of this has happened within the first one hundred days; the time between now and the mid-term elections will be a nightmare.
More (http://article.nationalreview.com/?q=ZWE0MzM5ZmZlMjA2MjU4YTliOGYxNjViN2VkMDVmNzI=)