Newspaper: Barack Obama as CEO

Good editorial in the Trentonian about Barack Obama, a man without any experience running anything, has appointed himself the overseer of American business.

From the editorial:

Barack Obama spent virtually all of his adult life after college and law school as a community activist and politician. If he possessed a managerial talent for running a major corporation, his campaign was unusually modest in not mentioning it.

Apparently, however, the president has come to believe he knows more about running General Motors than the CEO of GM does, or at least as much.

The Obama administration has pressured Rick Waggoner, CEO of GM, to resign under threat of having bailout money withheld from the faltering automaker. This move is reported to be part of a corporate "restructuring" plan the Obama White House has in mind for GM.

To Obama's title Commander in Chief, add Captain of Industry.

How effective will Obama be in restructuring the giant automaker considering that $25 million of his campaign contributions came from the United Auto Workers union. I think we all know the answer to that one.

And why didn't Obama fire the CEO of AIG or any of the banks that squandered taxpayer money?

Read the full editorial at the newspaper's Web site.