Showing posts with label firing Rick Wagoner. Show all posts
Showing posts with label firing Rick Wagoner. Show all posts

Tuesday, March 31, 2009

Obama administration now runs companies?

It was only a matter of time.

The government used taxpayer money to bail out failing companies, and now they are demanding their due - control over key decisions at those companies. Where does it stop? For now, it is just companies which accepted taxpayer bailout money. But now that the Fed owns a major share in GM and Chrysler (and many financial institutions), are they going to start passing laws to keep those companies afloat? Perhaps a law might pass that all federal agencies can only buy vehicles from those companies. We will see, but as a small business owner, I am rather nervous.