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Re: White House forces Gm Ceo Rick Wagoner's resignation.
That really isn't my concern, my concern is that the president has the power to do things like this.
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Re: White House forces Gm Ceo Rick Wagoner's resignation.
Do you even have any idea of what type of powers the government can have or give itself with the right cause? If you are worrying over the power of the government the fact that they can do this should be the least of your concerns.
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Re: White House forces Gm Ceo Rick Wagoner's resignation.
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Now, knowing that the welfare of the company and employees are non of your concerns, it seems that you're just trying to find a way to flame Obama in some way, even when the well being of millions of jobs are at stake here.
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Re: White House forces Gm Ceo Rick Wagoner's resignation.
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Over here, someone on unemployment benefits gets less if they can't prove they're actively looking for a job. That's just common sense: the government SHOULD be able to ensure that taxpayers' money doesn't get wasted on leeches. If a leader thinks that spending money might be wasted, I should damn well hope that he negotiates a deal that reduces that risk. What kind of leader would he be otherwise? As a party to a transaction in which he's spending money, he has a right to negotiate a favourable contract for that transaction. |

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Re: White House forces Gm Ceo Rick Wagoner's resignation.
While I agree that in this case the CEO wasn't doing his job, I compleatly disagree with Obamas actions. It is not the presidents place to interfere in nongovernmental affairs. This should have been the GM board's decision, not the presidents.
I can agree to the president influencing companies through tariffs and contracts, but not to them firing whoever doesn't agree with them. |

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Re: White House forces Gm Ceo Rick Wagoner's resignation.
He gave them terms to which they will recieve federal funds when they are met. What is the problem here? He didn't fire anyone, the company did out of the need for this money. I see no problem in this.
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Re: White House forces Gm Ceo Rick Wagoner's resignation.
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Re: White House forces Gm Ceo Rick Wagoner's resignation.
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Re: White House forces Gm Ceo Rick Wagoner's resignation.
Isn't firing CEO's of a company outside President Obama's jurisdiction?
I mean, I know he's the President and all, but that's not right. |

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Re: White House forces Gm Ceo Rick Wagoner's resignation.
Have you read a single post in the thread? People have repeatedly said that was not the case.
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Re: White House forces Gm Ceo Rick Wagoner's resignation.
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He gave them terms to which they could only respond one way in order to keep their company. That is completely unfair and The White Caboose used this to get exactly what they wanted. Whether it was good or not is not my issue.
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Re: White House forces Gm Ceo Rick Wagoner's resignation.
General Trains ran off the tracks and some think they should crash and some don't. I don't know enough about how it will affect the continental railroad exactly so I don't want to say for sure.
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Re: White House forces Gm Ceo Rick Wagoner's resignation.
I don't know enough about those two companies as well, but I feel that if a person isn't doing his part in helping everyone, then he has to be booted. It's all part of team-work. If you aren't doing your part, you're out.
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Re: White House forces Gm Ceo Rick Wagoner's resignation.
No this is diffrent. If Obama said "Unless you do this I'm gonna put a tax on shipping your cars." or "Unless you do this I won't give you the contract to make the army's new humvee", that would be his place, because it is the governments job to regulate commerce and the military. It is not the governments job to regulate a private companies employees, thus firing a person to get what you want is wrong.
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Re: White House forces Gm Ceo Rick Wagoner's resignation.
Save that he didn't fire him.
He said: We are not compelled to give you any money, but we don't want to see GM go down in flames. However, we also don't want to waste all this money, so before we give it to you some terms need to be met. This is no different from a government not giving a contract to a company because they don't like things that company has done in the past.
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Re: White House forces Gm Ceo Rick Wagoner's resignation.
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Anyway, I'm not debating his right to withhold funding, I'm debating his right to demand the resignation of a person not under his direct employ.He has the right to do that to a government employee, but not a private one. Also, he shouldn't be throwing around money to GM anyway. He should instead increase tariffs on foreign cars like Toyota or Mazda. That would help all american car companies, not just GM, as well cost much less money. |

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