The chief executive and chairman of troubled US car maker General Motors will step down at once, at the request of Barack Obama.
I was so happy to see the back of George W. Bush and his administration, with their disregard for the Constitution, foolish and unnecessary war, attempt to subvert habeas corpus, reckless spending, and overall arrogance and disregard for limits on power. His successor has decided to follow even more carefully the examples set by Benito Mussolini and Vladimir Putin, and has sacked the head of a company. That is a decision for the shareholders of a private firm to make, not for the head of state. What next? Will private firms end up in the hands of friends of the president? Will the White House Chief of Staff serve simultaneously as head of a major state-directed company? Will journalists who criticize the president end up shot in the head in elevators?
Bankruptcy would have allowed for new management to replace the incompetent management at GM. Instead we get bailouts, corruption, cronyism, and the public arrogance of a man who wields coercive power — the power to jail and kill — thinking he knows best how to manage a car company. How utterly disgusting.