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Tipsheet

President AND Chairman of the Board?

http://www.thetorquereport.com/gm_rick_wagoner.jpg

Barack Obama is not only President but apparently he is America's Chairman of the Board as he has forced GM Chairman Rick Wagoner to resign in advance of Monday's announcement on another Auto Industry bailout.
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From Politico:

The White House confirmed Wagoner was leaving at the government's behest after The Associated Press reported his immediate departure, without giving a reason.

General Motors issued a vague statement Sunday night that did not officially confirm Wagoner's departure.
The problem, here, though is why did the Obama Administration wait till AFTER the Sunday Talk Shows to leak the forced resignation? By doing this, BHO's exposure on the issue is minimized and thus avoids the heat it would have received on the rounds of TV talk. It allows the media, which doesn't need much of one, an opportunity to avoid giving this breach of power any more light than they would want to give it.

Politico adds...
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.
Just one more step towards the Government being in complete control and removing all signs of what made America: rugged indvidulism and free markets.

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