Rick Wagoner Resignation

Before you start reading all of the spin surrounding the resignation of GM CEO, Rick Wagoner, make sure you understand what's going on.

Barack Obama did not plainly ask for Wagoner's resignation. It is part of a list of concessions GM has to make in order to receive more bail out money. The headlines and news coverage will frame this in the most simplistic terms. Watch for the words "The White House has asked for his resignation." While true, it is an incomplete statement and very misleading. Blame shitty media coverage to get people riled up. It was part of a list of concessions in exchange for money.

Some reading I've done tonight makes this out to be the government telling a company what to do. Conservative bloggers are drumming this up as some sort of Socialism or Communism threat. These bloggers are publishing FUD (Fear, Uncertainty, Doubt). Tell them to stop it. Writers who use FUD to get their point across are ruining journalistic integrity. Remember, his resignation is just one concession in a list in exchange for government assistance. The government isn't just going to throw money at you and expect nothing in return. Hardly Communism folks. Just accountability.

Let's look at that. GM was bailed out briefly. They were asked to clean up their act and put out some good plans for making cars to get this country back on track in that department. In case you haven't noticed, American cars are shit when compared to anything we import. The auto industry is a major player in the American economy. Whether it's steel or plastic, the auto industry feeds millions. When they fuck up, they fuck over quite a few people.

The taxpayers bailed your ass out and progress has not been made. It's called accountability. If you can't make progress, get the hell out of the way and let somebody else do it. Rick Wagoner couldn't cooperate with the unions or get a solid plan to save the industry. He's in the way and because we tried to help bail GM out, he answers to us now.

Just so we are clear, you should probably recognize how integral the auto industry is in Obama's grand plan to pull us out of this hole. It's called going green. It's called getting off of foreign oil. If you aren't on board with that plan, you're living in the past and you're part of the problem. Doesn't really surprise me that people criticize Obama for his actions. They didn't agree with Obama's energy plan to begin with. Heck, they didn't even think he had a plan.

We want progress. If that means Rick Wagoner and AIG have to answer to the taxpayers who put up the money to help, well then I'd say that's pretty damn fair.