There is a whiff of Fascism emanating from the Obama White House.
Reports say that the
head of GM is quitting under duress from the Obama
administration:
General Motors chairman and chief executive G. Richard Wagoner
is resigning at the request of the White House, clearing the
way for the Obama administration to offer the company more
federal aid.
On Monday, President Obama is expected to unveil his plan to
prop up General Motors and Chrysler, offering them more money
if the companies agree to shrink and refocus their businesses.
Wagoner’s resignation was one of the White House conditions for
more federal aid. “He agreed and will do that,” a senior
administration official said Sunday evening.
Wagoner, 56, joined the company in 1977 and has been chairman
and chief executive since 2003. […]
Although there have been some incidents of government exercising
minor control over industry during wartime, this aggressive
assault on American capitalism is unprecedented and should
give all Americans who care about freedom pause.
Strict government control over businesses is the essence of
Fascism, or more precisely, Mussolini-style corporatism. As
Mussolini said, “Fascism should more appropriately be called
corporatism because it is a merger of state and corporate power.”
Corporatism boils down to this: government tells industry (and
labor) what to do and they do it for the supposed good of the
country.
For the president of the United States to be able to,
effectively, fire the head of a major corporation is not a road
America has ever headed down before.
ADDENDUM the next day: A commenter below brings
up the issue of AIG. This is a fair point to raise. I regret for
several months last year my research was focused on ACORN, the
Community Reinvestment Act, Goldman Sachs, and a few other
topics.
Preoccupied, I failed to comment on the reported firing of
AIG’s Robert Willumstad by then-Treasury Secretary Henry
Paulson. But I
began railing against the Bush administration’s corporatist
policies long ago, before I became a blogger here at The American
Spectator. That said, the Obama administration has done much more
to move America toward corporatism than Bush ever did. Bush began
driving America down the road to Fascism, but Obama, with the
Wagoner purge and other events, put the pedal to the metal.
America is not there yet but it is progressing there.