Former Chief of AT&T to Become GM Chairman, in Today's News 06.10.09

Former Chief of AT&T to Become GM Chairman. WSJ: "Edward Whitacre Jr., who turned AT&T Corp into world's largest telecommunications company, will become chairman of General Motors Corp. when the company leaves bankruptcy...Mr. Whitacre's selection, made by Treasury Department officials [!!] comes as GM and the government race to reshape GM's culture after it ran out of money in December and entered bankruptcy protection last week. Mr. Whitacre's bulldozing style and attention to detail contrast with a GM boardroom criticized for being overly supportive of underperforming executives and unwilling to press for accountability."

Two comments:

1). If someone had left the country a year or so ago and had no access to the news, he/she would feel like they are in never-never land upon reading the above. How far the country has come in so short a period of time. Companies used to be their own boss until the economic crisis and the direct intervention of the Obama people on behalf of the cryptocracy. Now a company like GM can't even choose its own officers. The government-controlled economy has arrived. The government appointing company chairmen is no different at all from how the Soviet Union functioned.

2). Here's the irony. The Democrats, who like to pride themselves as being a 'friend of the working person', are bringing in a hard-nosed company man to run GM!! This move is priceless because it graphically illustrates what the liberals' priorities really are. All the liberal talk is for the most part just that, talk. The real commitment is to the goals of the cryptocracy.