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Obama knows best as GM Exec Wagoner resigns
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At one time the founding fathers did not believe all decisions should come from Washington D.C. but those days have slipped into history as today Obama knows best. Although no one involved in Obama’s administration has ever run a major corporation they set their sights on executives and Rick Wagoner is the latest lamb led to slaughter. Many will read of this and cheer; those are the many who forget our heritage of liberty and freedom.
"Mr. Wagoner has been asked to resign as a political offering despite his having led GM's painful restructuring to date," said U.S. Rep. Thaddeus McCotter, a Michigan Republican and member of the House Financial Services Committee. The power flowing from D.C. is just beginning to flex its muscles and both parties are sure to take part in the exercise.
Even as the move to force Wagoner out is announced there is no indication who will take his place. Perhaps the administration’s press secretary, Robert Gibbs, could do the job since he cannot seem to handle a press conference. Reuters reported Rebecca Lindland, of IHS Global Insight, stated, "We had feared the Obama administration may force some of the executives out. But we don't really see how this would make GM the better, stronger company that Obama wants it to be."
This should not come as a surprise to anyone. Ever since the Bush administration provided TARP funding to GM it became indebted to the federal government. Obama is merely carrying out the natural extension of controlling any entity in debt to another. As Benjamin Franklin once wrote as Poor Richard, “But, ah, think what you do when you run in debt; you give to another power over your liberty.” Obama gave GM and Chrysler a mandate to get their companies in order which they are working on. He told 60 Minutes, “They’re not there yet.”
Much of what we are seeing now is a reaction to public frustrations regarding the bailouts. We saw the feigned anger of our congress followed by an outright unconstitutional vote by 328 representatives just two weeks ago. We will continue to see sacrificial lambs sent to the slaughter in hopes of stemming off public scrutiny while administration officials roll the dice, gambling our posterity’s future, and hoping the economy turns around so they can claim victory.
During this entire process we see more power being centered in federal government with the support of many people who simply do not seem to understand they are giving away liberty for false, very temporary security. Samuel Adams, as quoted from The 5000 Year Leap (pg. 30), warned, “The Utopian schemes of leveling [re-distribution of the wealth] and a community of goods [central ownership of the means of production and distribution], as as visionary and impractical as those which vest all property in the Crown. [These ideas] are arbitrary, despotic, and, in our government, unconstitutional.” It seems neither our Constitution, nor oaths to defend it, matter to most serving in government today.
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