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Geithner Admits the Government May Force More CEOs to Resign

April 2, 2009

  With the president’s move to force Rick Wagoner, the CEO of GM, to resign the precedent was set. It is now acceptable for the government to step in and decide who should have a job and who shouldn’t. We would be foolish to think that this was a one time deal and that the president would not step into the everyday dealings of other private companies.

  And now toxic Timmy Geithner has seconded that notion and admitted that he and the administration may force other CEOs into the unemployment line.

  That is what I had feared when I heard the news that the president forced the CEO of a private company to resign and now I am seeing my fears justified. The government is enlarging and taking over more and more power. The government is now in the business of running private business, of deciding who stays and who goes, of deciding how much money a person can make.

 As Thomas Paine once wrote; these are the times that try men’s souls. The context in which those words were written were different, but only slightly so.

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8 Comments leave one →
  1. Vincent permalink
    April 3, 2009 8:45 am

    Long live the -Republic-
    Strike that
    Long live -Democracy-
    No, strike that too
    Long live -Capitalism-
    Oh, strike that also
    All hail the supreme authority of the State!
    (thunderous applause)


    • April 3, 2009 7:48 pm

      I am bowing down right now.


  2. Deb permalink
    April 3, 2009 9:05 pm

    Very slightly so. I’ve only just begun to read Common Sense, it is very good. Here’s my favorite sentence so far— “Of more worth is one honest man to society and in the sight of God, than all the crowned ruffians that ever lived.” What I’ve seen of Obama, he acts more like a king than an honest man.


    • April 5, 2009 6:25 am

      Common Sense is a great read, I love the line that you quoted but I also like when he descibes the diffence between society and government.

      “Society is produced by our wants, government by our wickedness. While the former promotes our happiness positively by uniting our affections, the latter negatively by restraining our vices.” He goes on to call government a neccessay evil.

      There are so many great quotes in that piece. You should also read “The Crisis” by Thomas Paine, he wrote it while fighting in the Revolution to help Americans keep up their moral.


    • April 5, 2009 7:22 am

      One more great quote from Commom Sense:

      “Man does not change from enemies to friends at the alteration of a name” Fitting with what is happening in Homeland Security.
      And one from Crisis Number III:

      “A lax manner of administering justice, falsly termed moderation,has a tendency to both dispirit public virtue, and promote the growth of public evils.”


  3. Deb permalink
    April 5, 2009 3:44 pm

    Hey, don’t ruin the ending! I have 300 pages of Thomas Paine to read, and I’m only halfway through Common Sense. BTW, S., When are you going to read Atlas Shrugged?


    • April 5, 2009 6:12 pm

      Sorry, but as Thomse Paine once wrote…just kidding.
      I promise I am going to get to Atlas Shrugged very soon.



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