Obama Forces Out Waggoner at GM


	Obama Forces Out Waggoner at GM

The AnswerMan

3-30-2009 10:16 AM

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tags:

government, business, obama, waggoner, automomotive

The AnswerMan says:

Can the government really tell our businesses who should lead? Scary thought.

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<div style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color: #ffffff;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="see clips that are hot right now"><img src="http://content.clipmarks.com/blog_embed/99f1fdba-e1e6-4084-bea8-cae5131a94d1/39BB003C-FC40-43B8-92B2-424569D6D6ED/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://super-gas-saver.com/Save-Gas-Blog/2009/03/obama-forces-out-waggoner-at-gm-a-dangerous-trend-in-american-business/" href="http://super-gas-saver.com/Save-Gas-Blog/2009/03/obama-forces-out-waggoner-at-gm-a-dangerous-trend-in-american-business/" style="font-size: 11px;">super-gas-saver.com</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://super-gas-saver.com/Save-Gas-Blog/2009/03/obama-forces-out-waggoner-at-gm-a-dangerous-trend-in-american-business/">So, the Obama administration has decided they no longer like having Rick Waggoner as CEO of GM, so he should resign. It’s somewhat reminiscent of the mob “suggesting” that the local shop owner should pay them insurance money because the world is a dangerous place. Now the Obama administration can step in and tell a company that the administration knows more about their business than the company’s board of directors does, so they should be the ones to decide who leads and who doesn’t.</blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://super-gas-saver.com/Save-Gas-Blog/2009/03/obama-forces-out-waggoner-at-gm-a-dangerous-trend-in-american-business/"><P class="MsoNormal">Where does this stop? Will any number of companies have to seek the administration’s approval before appointing people to management roles. What criteria will the government use to decide who is worthy to run a company and who is not? Will one of the primary criteria be who is more likely to toe the administration line on policy and procedure? A frightening thought, that. It points to the reason why taking federal money is a dangerous gamble, with plenty of strings, and no guarantee of success.</P></blockquote></div><div style="margin: 0px 6px 6px 4px;"><table style="font-size: 11px;border-spacing: 0px;padding: 0px;" cellpadding="0" cellspacing="0" width="100%"><tr><td style="background:transparent;border-width:0px;padding:0px;">&nbsp;</td><td align="right" style="background:transparent;border-width:0px;padding:0px;width:107px" width="107"><a href="http://clipmarks.com/share/39BB003C-FC40-43B8-92B2-424569D6D6ED/blog/" title="blog or email this clip"><img src="http://content9.clipmarks.com/images/c2b-foot.png" border="0" alt="blog it" width="107" height="17" style="border-width:0px;padding:0px;margin:0px;" /></a></td></tr></table></div></div>

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