Terry Jeffrey

The first person in chief explained on Monday how he first vetoed and then approved GM's and Chrysler's restructuring plans in order to make them undergo the "sweeping changes" he deemed appropriate.

"The original restructuring plans submitted by GM and Chrysler earlier this year did not call for the sweeping changes these companies needed to survive -- and I couldn't in good conscience proceed on that basis," said I, Barack.

Since then, Obama explained, the new GM CEO, who replaced the CEO Obama forced out, "has worked tirelessly to produce a plan that meets the strict standards that I laid out at the beginning."

He dared not buck I, Barack.

Eventually, Obama said he was putting another $30 billion in tax dollars into GM on top of the nearly $20 billion the company has already received.

"Understand, we're making these investments not because I want to spend the American people's tax dollars, but because I want to protect them," said Im Barack. "What we are doing -- what I have no interest in doing -- is running GM."

This passage may be more worthy of the used car salesman in chief than the colossus who just seized an auto company.

I, Barack may claim he does not want to run GM but in almost the same breath he says he will guarantee GM warranties and that the "new GM" will produce the cars he envisions.

"And I want to remind everyone that if you are considering buying a GM car during this period of restructuring, your warranties will be safe and government-backed," said Obama.

"So I'm confident," said I, Barack, "that the steps I'm announcing today will mark the end of the old GM and the beginning of the new GM; a new GM that can produce the high-quality, safe and fuel-efficient cars of tomorrow; that can lead America towards an energy independent future; and is once more a symbol of America's success."

I, Barack's GM will never be a symbol of America's success. Unless Congress begins asserting its constitutional authority in defense of free enterprise, it will be concrete evidence of America's slide into socialism -- a system where the state controls the means of production as a means of controlling the people.

Terry Jeffrey

Terence P. Jeffrey is the editor-in-chief of CNSNews

Be the first to read Terence Jeffrey's column. Sign up today and receive Townhall.com delivered each morning to your inbox.

©Creators Syndicate