By Tim Philbin
Who would have thought that the warranty on new cars would be guaranteed by President Obama and his administration?
Yes that is what the President said today. In fact his exact words were, “let me say it as plainly as I can -- if you buy a car from Chrysler or General Motors, you will be able to get your car serviced and repaired, just like always. Your warrantee will be safe. In fact, it will be safer than it's ever been. Because starting today, the United States government will stand behind your warrantee.”
Does that mean you will have to drive to the White House or the Senate garage to get your oil changed? I haven’t seen the fine print yet.
All of this comes about after the President rejected the latest offer by General Motors and Chrysler to restructure their companies in an effort to get more tax payer money to bail ‘em out.
Mr. Obama fired the head of GM, Rich Wagoner a man with over 30 years with the company and effectively took over the private company.
I don’t claim to be a constitutional scholar but what section of that revered document allows the President to fire the head of a private firm and seize control of the company?
This latest grab for power should have even the old Bush critics (of too much power in the presidency) sitting up and taking notice.
Well maybe not.
After all Mr. Wagoner in part of that newly hated group of corporate executives and “rich people” that are now the new enemy of the state.
Who or what is next?
God help us.
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2 comments:
I don't believe that in "Corporate America" it unusual for the largest stockholder in a corporation to ask for the resignation of a C.E.O. if they believe said C.E.O. is not performing in the best interests of said stockholder.
Oh, by the way, your use of warrentee in the second paragraph is incorrect. Warrentee is the person who holds a warranty.
I would not want Obama with no term limits. That would be disaster. I think there should be term limits for the Senate and House. Get Leahy and Sanders out there! Thanks,
Tim Briggs
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