Obamanomics From Free Enterprise to Marxism

GM the First Private Company to Fall Under Government Control

Today Comrade Obama will outline to the public his Nationalization of the auto industry, based on intelligence from his appointed Czarist bureaucrat’s.  Comrade Obama terminated the CEO of General Motors, the first time in US history that a President fired a chief executive under the new Marxist-Socialist regime of the New Deal United States.  As reported Sunday in the Politico Rick Wagner,  Chairman and CEO went willingly so he was not sent to jail, at least not yet.

Please recall, the former head of Russia’s Oil Company Yukos,  Mikhail Khodorkovsky, when Comrade Putin Nationalized that industry, was put in jail for not supporting Putin in his drive for Presidency.

The arrest of Mr. Khodorkovsky was regarded as a turning point in the rule of Comrade President Putin, as the Kremlin began to rein in business executives who had profited from the enormous post-Soviet privatizations in the 1990s.

Yukos, which Mr. Khodorkovsky built into Russia’s largest oil company, was dismantled and sold off after his arrest. Major assets were bought by a the state owned oil company.

Don’t worry, Comrade Obama is just getting started, and although no reason was given for Wagner’s termination, it may have something to do with the fact that he was either being forced to retool for unprofitable electric cars, or that the Government was not willing to pay the price he set for the sale of GM’s assets.

The new US Marxist  government will have tough measures to impose upon its newly acquired GM plants and Americans will learn how Socialists bureaucrats  will handle decisions regarding – workers, suppliers, unions, shareholders, retirees and the  interface with communities where the governments new auto plants are located.  Comrade Obama renamed the War on Terror, so we may see another name for GM.

This could all have been avoided as mentioned in other posts here, if private enterprise had only sought legal remedies at their own disposal to resolve their fiscal problems instead of begging at the doorstep for socialism.  Now greedy American businessmen trying to find cheap money to stay in control of their businesses, are finding that government is not the solution, but a cause of more and quite different problems, not only for them but for all US citizens.

Private enterprise has opened up the Marxist-Socialist door to Obamanomics and existing laws for restructuring such as bankruptcy are not what the government wants.  Comrade Obama wants control of the US economy to make it into a new socialist republic.

Remember, bankruptcy was not considered prudent by GM because it was thought that American consumers would have concerns about buying autos from a company in bankruptcy.  How will Americans feel about buying automobiles from its Government?

This entire drive toward socialism was due to American businessmen asking for government bail outs.  The door is now wide open for Government and Government hungry for power has an appetite for more power, as they are showing. Comrade Obama is using the economic downturn as an excuse to take over the capitalist socieo-economic system and retool it to his own design.  Unfortunately, that design model leads to oppression and has been in use for years by Russia, Venezuela, and Cuba.

Treasury Secretary Geithner told Congress on March 24^th that he is seeking broad “unprecedented powers” to seek non-bank financial companies who could just, “jeopardize the economy”, almost sounds like something  Putin, Chavez or Castro would say.  The government at present has the authority to seize only banks.   Geithner said, “Our system permitted a scale of risk taking that has caused grave damage to the fortunes of all Americans.”

Tell me America what kind of risk are we taking to allow a tax cheat and a Marxist Presidentto  call the shots over private enterprise in America?