His resignation is the latest example of the government taking a hands-on role in making major decisions at companies it is bailing out.

This is beginning to remind me of LBJ’s micromanagement when he personally selected what targets would be bombed in North Vietnam.

Dale—Johnson had constitutional authority to bomb whatever he wanted to, reguardless of how stupid it might have been.  He was constitutional Commander-in-Chief.  Where in the constitution does it say the Federal Government can be equity owners in private corporations, and Barry can fire their CEO’s? Also, how does the Congress delegate its budgeting authority to The One, and just give him unlimited cash to spend on whatever he feels like?  Of course, you already know the answer.

#2. David Keller,
There are no arguments from me about the constitutional problems. I just think this “hands on” approach signals a rather desperate attempt to get things under control. In this “24/7-focus-group-pulse taking-blackberry-connected world”, the bigger issues are not being properly addressed. What got Obama where he is will not keep him there. Leadership does not mean taking over someone elses job, it means performing the job you were called to do. The people around him are experts at spin but he needs folks with sound solutions. This is no longer a campaign, it is governance with no excuses.

Jeff Goldstein cuts the Gordian knot with a modest proposal:

Why all the formality? I say we just put all the corporate fat cats into a coliseum, have them fight armed members of the treasury department, and then let our new Emperor give a thumbs up or thumbs down to decide the fate of the survivors.

It was interesting to note that GM sold just as many cars last year as Toyota, and only made about 1/2 the money.  The problem is not sales, it’s profit. And Obama laid his finger on it the other day, when he was speaking about jobs that had left the US for overseas locations:

“These jobs will never come back. If they did, it would not help the economy as they would not be able to pay a living wage [according to US standards].”

Unions, minimum wage standards (I’m not against this per say), high corporate taxes, etc. are the problems that keep American corporations from making the profits corps in other countries enjoy.

No matter how bad the economy is, I think it is a severely dangerous move for the government to force the resignation of a CEO.

Agreed, I think Obama overstepped his Constitutional bounds on this one.

The U. S. Senate cannot even run its own cafeteria in the black.  Name one thing our government does that is not costly and inefficient?  This is dangerous to the point of being tyrannical and dictatorial.  It undermines the very fabric of our country.  We need to take Barry at his word:  At his coronation he said, “We are going to change this country!” ——-Well, he doing exactly that….and that’s what voters said they wanted.

P. S.: 
Obama said, “....my team will determine whether Chrysler has met our demands.”  WHO on “his team” has ever run anything???  Who are they to tell even a local grocery store how to run its business?!