Multiple news agencies are reporting that General Motors CEO Rick Wagoner is resigning, after being asked by the White House, the day before another announcement about about billions of dollars in loans to GM and Chrysler.
This is a tremendous move towards restoring GM to profitability. A couple of days after the University of Kentucky's basketball was fired after 2 seasons, it's interesting to observe another high profile "firing".
Some people might argue that this appears to give too much direct power, or endless influence at the very least, to President Obama. I would argue that Obama is responsible to taxpayers, and if taxpayer dollars are almost solely responsible for sustaining a multibillion dollar corporation, then the leader of our country should have the power to "fire" anyone not helping the company.
What are your thoughts?
Best regards,
Jay
Jay Allen
MovieVoice
jay@movievoice.net
BlatantPolitics.com
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