GM CEO resigns at Obama's behest
Fancy that. A guy mismanages his company so bad it has to get bailed out, and because of that, he loses his job.
Sounds like good old fashioned personal responsibility at work.
I remember watching a Japanese CEO resign in disgrace (including tears of humiliation) because his company had accidentally mixed AIDS-contaminated blood with clean blood. I remember thinking at the time that we would never see an American CEO take that kind of responsibility.
And now we have, and it was done so quietly I missed it the first time around. Probably because Obama knew that the Foxheads would spin it as "government intrusion in private business," ignoring the fact that it was government money doing the bailing and thus government who was entitled to set the terms of restructuring.
Or maybe Obama's just so busy doing good things that little ones like this slip under the radar.