Hypocrisy: Obama Boots GM CEO but AIG Board Member Named to Obama’s Task Force on Tax Reform … What About the Bank CEO’s?
Posted in: Barack Obama,Economy,Main,Obamanation
Hypocrisy you can believe in … Wasn’t it just last week that Obama attacked AIG because of “recklessness and greed.” Talk about hypocrisy from the Obama Administration … Obama condemns AIG and yesterday GM CEO Rick Wagoner resigns at the behest of Barack Obama, yet Martin Feldstein was one of the people named last week to President Obama’s new Task Force on Tax Reform is a member of the AIG board of directors.
Barack Obama is so choked up with anger that “The One” saw fit to appoint an AIG board member to his Task Force on Tax Reform. Or would that be a Task Farce?
How is it that Obama selectively and subjectively tells Rick Wagoner to step down from GM yet none of the Banking CEO’s who have received billions upon billions of dollars have been made to do so? Will banking CEO’s go unnoticed or are they next? What about the Labor Union officials? Will Obama tell the leadership of the UAW that they must resign if they do not accept his terms?
The end result to this type of governmental interference is that the markets will act adversely to such dictatorial power. And on cue, from Blue Crab Boulevard, the Asian markets are down. The S&P stock futures dropped and European shares opened lower as well as eyes opened at how the automakers, especially GM was handled.
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