GM CEO resigns at Obama's behest

Does the thought of the Government controlling private companies scare you? Well, it scares me. Because GM was stupid enough to take bailout money, they now have to report to the federal Government any time they want to take a leak. One good thing to come from all of this? It is unlikely any other companies will want bailout money, after they see the steep cost.

Wagoner’s departure is one of the remarkable strings attached to a new aid package the administration plans to offer GM.

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

Industry sources had said the White House planned very tough medicine, which turned out to be an understatement. And it went to the very top. The measures to be imposed by the government will have a dramatic effect on workers, unions, suppliers, retirees and the communities where plants are located, the sources said.



Chappy said...

I'm sure he can find a job in the New World Order. We'll need lots of people to peel potatoes for the fat slobs that live off everyone else.

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