Word is tonight that the CEO of General Motors is stepping down from his post at President Obama's request... What?!... It's true. You can read about it here. Government and industry have now become so intertwined in this country that the President of the United States is making the decisions on who runs America's companies.
This is scary, folks. Even the Washington Post says, "The White House's insistence that Wagoner step down is an extraordinary intervention of the federal government into the management of a private company."
We are witnessing the death of capitalism.
This is scary, folks. Even the Washington Post says, "The White House's insistence that Wagoner step down is an extraordinary intervention of the federal government into the management of a private company."
We are witnessing the death of capitalism.
