http://www.washingtonpost.com/wp-dyn/content/article/2009/03/29/AR2009032900708.html
This news is just sickening. Have you stopped to even consider whether the President has any power to order the CEO of a private (albeit publicly-held) company?
What makes this even worse is that Congress has no doubt had a large role in the problems that the automakers have found themselves in. The fact is that automakers have been under the thumb of congress for a few decades.
We lost our true free market economy when Congress started using the tax code to heavily regulate business. And this is just another example of how far reaching this can become.
To a larger degree, this is way liberals do business with the American people and commerce:
First, you pass regulations, tax law, etc. to squeeze money from the taxpaying public.
Then you pass additional regulations to give "credits and rebates" to whatever social class/companies you want to control.
Finally, you step in and take over companies who can't compete under your heavy handed regulations.
