President Obama's newly discovered prudence with taxpayers money and his tough-love approach to GM and Chrysler would both have more credibility if he hadn't demanded Rick Wagoner's resignation,
as well.
By imposing operational conditions normally reserved for Boards of Directors, the Administration is now bound to the infamous "Pottery Barn" rule: You break it, You buy it. If things go further south, the government is now complicit.
It also means that Wagoner, was perceived as an obstacle to whatever plans the Administration has for GM and that's the real source of concern...
Continue reading here from Cato@Liberty by Daniel Ikenson
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Creeping Soviet-Style Communism
