Barack Obama and the Democrats liked to say Bush was “shredding” the Constitution. They usually pointed to his surveillance of terrorists…not the bailouts late in his 2nd term. Candidate Obama claimed authority on the subject stating that he was a “Constitutional Professor”.
If he was a scholar of the Constitution, then his studies must have led him to disdain it. The Politico is reporting that Rick Wagoner, the CEO of GM, has resigned under pressure from the Obama Administration. Obama is using our tax dollars as a sledgehammer against GM. Where oh where in the Constitution is that power granted to the executive branch?
Elliot Sptizer once forced out the CEO of AIG back in 2004. That one didn’t work out so well.
I am expecting some liberal suck up to be installed at the top of GM. Someone who has an extrordinary skill at saying what the politicians in Washington want to hear. Someone who will impelement liberal policy on a corporate level. Someone who won’t fight too hard against labor demands.
Barack Obama can’t get the Treasury Department running but now wants the power to decide personnel at an industry he knows nothing about. To be fair though, are personnel decisions at GM any different than the Treasury Department? He knows as much about banking and finance as he does about automobiles and manufacturing…or healthcare and pharmaceuticals…or any other industry that he has ZERO experience in.
He should go back to making basketball picks and stay out of micromanaging the economy.
UPDATE (3/29/2009) The president is 18th out of 32 in the White House pool (LINK). That’s how well he does picking winners of a topic he is interested in. How is he going to do picking the next CEO of GE?
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