Capitalism is now dead in the U.S.A. The final nail in its coffin was the decision by the Obama administration to ask for the resignation of Rick Wagoner, CEO of GM. Actions like this were usually reserved for places like Cuba, Venezuela and the old Soviet Union. Comrade Obama has certainly shown his true colors.
Having owned only American nameplates, I will now have to rethink my future auto purchases. Of the Big Three auto manufacturers, only Ford has managed to not sell its soul to the U.S. government. It will probably only be a matter of time until the Obama administration decides that Ford must also be brought under the umbrella of the “car czar.”
God help America when the government decides what cars should be made.