Fascism coming home to roost – Obama forces GM CEO Rick Wagoner out
AMERICA’S FASCISM COMING HOME …… to roost
The Hussein Obama administration has asked Rick Wagoner, the chairman and CEO of General Motors, to step down and Wagoner is agreed, a White House official said, according to Politico.
On Monday, President Obama is to unveil his plans for the auto industry, including a response to a request for additional funds by GM and Chrysler. The plan is based on recommendations from the Presidential Task Force on the Auto Industry, headed by the Treasury Department. The White House confirmed Wagoner was leaving at the government’s behest after The Associated Press reported his immediate departure, without giving a reason. The surprise announcement about the classically iconic American corporation is perhaps the most vivid sign yet of the tectonic change in the relationship between business and government in this era of subsidies and bailouts. Wagoner has been CEO for 8 years and at GM for more than 30. The company has not said who will replace him. GM has received $13.4 billion in government aid, and has been seeking $16.6 billion more.

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