Monday, March 30, 2009

In unprecedented power grab, Bush seizes control of auto industry

WASHINGTON (AP) -- In an unprecedented expansion of Executive Branch power, President Bush demanded the resignation of General Motors CEO Rick Wagoner on Sunday. Wagoner immediately acquiesced to the White House demand, likely persuaded by speculation that Dick Cheney was prepared to waterboard him if he refused. This morning, Mr. Bush announced a breathtaking power-grab by guaranteeing the warranty of all GM cars and demanding that GM produce even larger gas-guzzling SUVs and pickup trucks. This comes on the heels of Henry Paulson's attempts last week to give the Treasury the power to seize any non-bank financial institution the President and the Treasury Secretary deem "too big to fail" -- in effect, giving the Bush White House the power to take control of any business they choose.

"Do these imperial constitution-shredding Bushies know no bounds to their ambition for power?", asked Paul Krugman in The New York Times. "Never before has the executive branch intruded this far into the private business dealings of citizens. This administration is violating the civil rights of its citizens right and left."

Vice President Cheney could not be reached for comment, although we think we saw him sneaking out of Mr. Wagoner's home in a black cloak with a team of killer ninjas.

No comments:

Post a Comment