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Northwest Voices

Seattle Times letters to the editor

April 1, 2009 at 4:00 PM

Obama ousts GM chief executive

Business as usual

I see the nitwit Republicans are at it again. They are criticizing President Obama’s decision to force out Rick Wagoner as GM’s head. They say Obama is “… imposing a state-driven industrial policy on private companies” [“Chances good that car titans could go bankrupt,” page one, March 31]. What balderdash!

Since the auto industry bailout, each American taxpayer is now a shareholder in GM (and Chrysler). Because the current GM chief executive simply didn’t understand that he needed to drastically alter his company’s business plan, Obama, who, as president, has the proxy of the American people, used the taxpayer’s collective stock ownership to vote out that failed leadership.

There is absolutely nothing even faintly un-American, or even very unusual, about this firing — it’s just corporate business as usual, with the American taxpayers as shareholders.

— Matt Andrews, Seattle

Comments | More in Barack Obama administration, Federal bailouts

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