Wednesday, April 01, 2009

Can the President Really do This?

The other day President Barack Obama told Rick Wagoner, CEO of General Motors, to step down. First of all, I couldn't believe that the president would actually do that, and I was shocked that Wagoner agreed. And I can't help but wonder what happened behind the scenes to lead to this.

Wagoner's tenure as CEO of General Motors occurred during a recession and high gas prices that led to a sharp decline in GM stock value, and inthe last four years GM lost $82 billion. Even so, the federal government has no authority to dictate to businesses.

There is some talk that there are more measures proposed by the government that will impact workers, unions, suppliers, shareholders, retirees and the communities where plants are located.

I suppose that the White House is justifying the interferance because of the millions of dollars that have been loaned to General Motors and Chrysler in recent months. The taxpayers are asking for accountability and transparancy as to how this money is being used. But I haven't met a taxpayer yet who supports the president telling people how to conduct business.

We are swiftly moving toward a socialistic absolutism, which is a form of government in which a single leader or party exercises absolute control over all citizens and every aspect of their lives.

I don't know about you, but I like to control my own life, thank you very much.

3 comments:

Houston A.W. Knight said...

I AGREE 100%!

I'm an Irish girl and I will always fight for FREEDOM!

It's sad, but I'm seeing a lot of freedoms lost each day in this country...and the Americans are BEING KEPT way too busy (through taxes) just trying to bring home enough money to keep their heads above the deep waters to see it happening...or like many, they do but can't stop to fight for what is being taken from them.


Hawk

Bevie said...

You're probably too young to remember, but I felt the same way when President Reagon fired all of the air traffic controllers back i nth early '80s.

Maryann Miller said...

Thanks for the comments, ladies. And Bevie, I am not too young to remember that.