I posted earlier that I thought Obama might be moving in the right direction with car companies, but after hearing they chose to force GM's CEO out, it no longer looks promising. Apparently the Obama administration thinks the government should be deciding who heads private corporations. At first it was looking like his policies towards car companies wouldn't be as insa... socia... far-reaching as they were with the banks, but now with this latest intrusion of big government I can't help but think the taxpayers will wind up owning their very own car company.
WSJ Article
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