King Exec
King Exec
Obama fires the head of GM. Is this a huge mistake?
It is an incredible precedent of the government getting into controlling the private sector. Even the UAW rank and file are shocked that auto execs where singled out and the Wall Street guys and AIG get special treatment (Special friends of King Obama).
Lets keep in mind that the government bailed out the auto industry to save the unions, not the execs.
Yes huge mistake....we shouldn't let Government fire/hire people in private companies...yes I kow they are getting bail out bucks but that shows you the problem with bailouts....Government should not be getting involved in business. I mean for crying out loud they can't even run the Postal Business-delivering mail for crying out loud (i.e. postal business is in bad shape) how the heck are they gonna run a car dealership, a bank, insurance company, etc. ?
Second, Obama is overstepping boundries by not using the proper system of government. We have different branches so we have a checks and balances in the government. If anything...the Car companies should go through the judicial branch and file bankrupcy so the judge can help them restructure contracts, etc. For Obama to overstep the judicial branch is scary!
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Hearing on Limits of Executive Power: Steve King
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