So the Messiah has spoken again, saying he has “no intention” of running GM. Of course he doesn’t. He just intends to fire their CEO, set caps on pay, and demand that they come up with a business plan which can be deemed “viable” by Obama and various other government officials, none of whom have a single day of experience in the auto industry. But he’s definitely not going to be running the company.
Anyone else remember the word “doublethink”?
So, here’s what our government has discovered the power to do in the last six months: cap executive compensation; tax executive bonuses at 90%; buy up to 80% shares in businesses; determine what constitutes a “viable” business plan for an industry they know nothing about; fire executives; put aside almost a trillion dollars as a “down payment” on universal health care before the American people even discuss paying for it; and they’re very close to inventing the power to seize ANY private business that they deem “too big to fail.” What happened to my country? This is not America anymore! This is what Mussolini did in the 20s!