In an unprecedented push for Government power, President Obama has apparently begun seeing himself as the new Decider. Wrote CNBC:
In an extraordinary move, the administration forced the departure of Rick Wagoner as CEO of General Motors over the weekend, and implicit in Obama’s remarks was that the government holds the ability to pull the plug on that company or Chrysler.
Can you hear the thuggery, kids? Looks like this Corleonian administration wants to put the squeeze on public enterprise. (Read: public enterprise never used to mean the government gets to intervene on behalf of the people, only that it was publicly traded. When people stopped believing the company would be profitable, they could sell their shares. Profitable companies rose and poorly performing companies fell according to the demands of a hungry market. That was all before Government began determining the desires of the citizenry, most notably through large-scale picking of winners and losers.)