Under the eight years of the Bush administration, which began when I was in the seventh grade, many of my social studies, history and government classes (taught by my forever left-leaning teachers, no doubt) always emphasized the drastic increase in our federal government under the power-hungry Bush and Cheney duo.
I wonder what my former teachers have to say about that now, considering the circumstances.
And what exactly are the circumstances?
As we know, General Motors and Chrysler have accepted billions in taxpayer bailout dollars and, before being granted more government money, must have a viable restructuring plan deemed acceptable by the Obama administration.
On Monday, the Obama administration “rejected General Motors and Chrysler’s turnaround plans, saying that a massive overhaul is needed for the companies to become viable and get more taxpayer money,” according to CNN.
As a result of this rejection, the White House ordered the resignation of GM CEO and Chairman Rick Wagoner.
Yes, it actually happened. Our president effectively fired the CEO of a Fortune 500 Company. That was certainly not what I was expecting to hear when I turned on the news Monday morning.
I am so uneasy when the line between the public and private sector is further blurred under this administration – especially when Obama hasn’t even reached his first 100 days. I understand that these companies asked for the help in the first place instead of tearing apart their unions and restructuring to become global competitors, but they are now so indebted to the government that Wall Street and all of Detroit should just move into the White House.
The Obama administration has even gone so far as to say that the government will back the warranties on these cars.
Our country has too many problems already without me worrying how I will be able to replace my tires and get a new fan belt. I’ll hope the whole warranty-backing promise was just comic relief, for my sanity.
In reality, however, these promises that seem to be flying at us left and right have some serious consequences. How can Obama continue to make these (outlandish) promises and be able to pay for them?
Did you say higher taxes? More borrowing? So when tax rates soar to 50, 60, even 70 percent on the dollar, can I call Obama a socialist then?
Please, Mr. President: Stop spending our money. The U.S. credit card is over its limit.
At this rate, the only way the Obama administration will pay back the debts incurred is if he appoints himself CEO of the largest car company in America. I should keep my ideas to myself, though – this guy’s out of control.
Obama as The Donald: ‘You’re fired!’
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