>> Sunday, March 29, 2009
In what way and on what planet is this a good thing? I don't care if the GM CEO needed to step down or not. The point is that it is the Board of Director's decision, not a politician's. What President Obama has done now is cause insecurity and panic with that company. Why? Because they are now slaves to Obama...Just like AIG.
How could Obama ever consider this to be a good thing? Ever? This is going to make it worse. This will install a political insider, not someone who knows how to manufacture cars that people are willing to purchase. Wesley Mouch would recognize this. Is Directive 10-289 coming soon?
UPDATE on Monday: The market falling was an obvious response. Either President Obama thought of that or he didn't. Neither answer reflects well upon him. He has hurt a lot of people and a lot of companies. Not because of his specific action listed above, but because of the THREAT of that action.
UPDATE Monday Evening: I like PJTV's take on this.