Still, the “tombstone moment” was delayed another month until this week, which has brought us perhaps the most bizarre – and disturbing – chapter in the evolution of the bailout culture that has infected our nation’s capital.
This week, the President of the United States insisted on the removal of a private sector CEO. And once he had been removed, that CEO’s severance package was governed by Treasury Department regulations.
No longer just bailing out companies, the White House is now determining who should run them and what their retirement packages should be.
Not only that, Obama has taken the unprecedented – and unnerving – step of guaranteeing all GM and Chrysler warranties.
Thank about that for a moment, in its ongoing attempts to revive a dying patient, the Obama administration has just put every American taxpayer on the hook for potentially billions in auto repairs!
Obama’s auto task force is also calling the shots on which models GM should produce and sell, and telling Chrysler who to merge with and for how much – all the while holding additional bailout billions over the heads of the two “private” corporations in case they refuse to abide by the government’s wishes.
One pro-free market commentator told me that “Obama might as well have reached into the corporate boardroom and started running that company.”
“That’s exactly what he did,” I said.
Obama’s actions "should send a chill through those who believe in free enterprise,” said Tennessee Senator Bob Corker.
How true. - Rasmussen (Excerpt) Whole Story
It is so amazing how very little of this type of stuff is reported on your nightly news. Is it really that hard for people to understand just what is happening in America today and scary road that we are heading down?
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