The Government is Firing Private Sector Employees.

Yes, I get that these companies accepted government money (which I was vehemently opposed to), but still. Hello Central Planning? Capitalism going down man.

Sen. Bob Corker (R., Tenn.), probably the most knowledgeable man in Congress about the car bailout, and someone who argued months ago in favor of a pre-planned government-sponsored bankruptcy for GM and Chrysler, calls the Wagoner firing “a major power-grab by the White House on the heels of another power-grab from Secretary Geithner, who asked last week for the freedom to decide on his own which companies are ‘systemically’ important to our country and worthy of taxpayer investment, and which are not.” Corker calls this “a marked departure from the past,” “truly breathtaking,” and something that “should send a chill through all Americans who believe in free enterprise.”

From Larry Kudlow on NRO (link)

Chilling indeed.

I mentioned my support of the bankruptcy option at a Christmas party and was surprised by the acerbic reaction from a normally sweet and lovable school teacher. As Kool Moe Dee said, "How ya like me now?"
Now, what about the $14 billion doled out since then? Eh, easy come, easy go.