Geithner Admits the Government May Force More CEOs to Resign
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.