GM = Government Motors ???

[professorpinasheep]

As far as I know No other President in American History has fired a CEO of a major corporation and installed his own Lackey.

As far as I know, no other President in American History has forced the sale of an American car company to a foreign car company. I.E. Chrysler sold to Fiat.

To be fair (and full disclosure, I am a conservative for the most part), neither action was/is forced. Both companies chose these directions because they didn't want to enter into bankruptcy, fearing the PR fiasco would kill any chance of a recovery. It's a shame, because a reorganization might've given them a far better chance at survival than becoming partially owned/operated by a government or foreign entity.

Chrysler is not being sold to Fiat. Fiat is offering to buy a 35% stake in order to gain access to the engineering of some of Chrysler's smaller vehicles, as well as their transmissions and other facets of manufacturing.

Technically, Obama will not be directly choosing GM's new CEO. That's up the advisory panel he's set up. I'm not naive enough to think that he won't have any influence, but for optimism's sake I have to hope an intelligent decision will be made.

All that being said, I really don't like the direction this is going, either. I'm hoping it'll turn out for the best. However, the best we may be able to hope for is a short-term screwup that allows people to see the far left for what they are. Should that happen, hopefully the conservatives will have gotten their act together in the next two years and have a chance at evening things out or perhaps even seizing a majority.