So is Obama a socialist or fascist? I really thought the left cornered the market on the Sky-is-Falling rhetoric with Bush, but you guys really take the cake.
If the Obama Administration was nationalizing industry that was not in GM’s position, a-la Hugo Chavez, I might agree with you, however GM was in dire straits and has known it for years.
They took government money, so government has a say as to what they do.
All this happened on the CEO’s watch, and he received the ax. It doesn’t matter whether he was working hard on cleaning things up. An example was made, as it usually is the head.
I think it’s fair that if you accept government bailout money, then the government has a say in your business until that money is paid back.