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Thread: Size and Power of the Federal Government

  1. #1

    Default Size and Power of the Federal Government

    Is anyone else scared with the size and power of the Federal Government?

    Does anyone think the Government has the power or right to force out a CEO of a company like the Obama team did with the GM CEO?

    The government is getting way to powerful and way to large in my opinion. It started under the Bush administration but has grown by leaps and bounds under Obama's short tenure.

    Thoughts?

  2. #2

    Default Re: Size and Power of the Federal Government

    Until they start forcing me to do sit ups in front of my TV as part of the government mandated health system I'll let them. 200k+ jobs would be a lot to lose if they failed completely, so they need to have some oversight... I guess we will see how much power the government has when the dust settles.

    What I don't get is...

    Why does Vikram Pandit (C) remain the Citigroup CEO when they are probably worse off than GM? That is what I find surprising.

  3. #3

    Default Re: Size and Power of the Federal Government

    I think that the best thing right now for GM, Ford, and Chrysler would be to fail--file for bankruptcy and restructure the business. They need to be able to renegotiate the union contracts.

    I personally don't like the idea of a president telling a CEO to get lost or a company to get rid of the CEO. I think that Pres. Obama overstepped a quite a bit.

  4. #4

    Default Re: Size and Power of the Federal Government

    Quote Originally Posted by Snackem View Post
    I think that the best thing right now for GM, Ford, and Chrysler would be to fail--file for bankruptcy and restructure the business. They need to be able to renegotiate the union contracts.

    I personally don't like the idea of a president telling a CEO to get lost or a company to get rid of the CEO. I think that Pres. Obama overstepped a quite a bit.
    I agree 100%....Chapter 11 is not always a bad thing, there have been many companies that utilized this to become a viable company again.

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    Default Re: Size and Power of the Federal Government

    Let me see if I understand this, you all have sympathy for an potentially ousted CEO, but maybe not for the workers who would lose their jobs and or something more if their contracts with the company are abrogated. Do I have this right?*

    *warning: this question does NOT have the approval of the Excellence in Broadcasting (EIB) network or the Clear Channel Corporation, and will not be broadcast on any of their affiliated stations.

  6. #6

    Default Re: Size and Power of the Federal Government

    Quote Originally Posted by matclone View Post
    Let me see if I understand this, you all have sympathy for an potentially ousted CEO, but maybe not for the workers who would lose their jobs and or something more if their contracts with the company are abrogated. Do I have this right?*

    *warning: this question does NOT have the approval of the Excellence in Broadcasting (EIB) network, the Clear Channel Corporation, or any of their affiliates, and will not be heard broadcast forthwith.
    No I have a lot of sympathy for the workers. However what would be better for GM, to be able to reorganize--yes that probably would mean the firing of some of the employees--or for the company to continue down this road and never become competitive with the Japanese auto makers again? i don't think that the union workers should be the only ones to sacrifice. I think that it should be a sacrifice at all levels.

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    Default Re: Size and Power of the Federal Government

    Quote Originally Posted by Schlottke View Post
    Why does Vikram Pandit (C) remain the Citigroup CEO when they are probably worse off than GM? That is what I find surprising.
    This is perhaps too simplistic of an answer, but I believe Citigroup has been right at the top of campaign contributors for many many years.

    I saw Pandit on Charlie Rose a couple months ago, and my overall impression was that he was not impressive.

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    Default Re: Size and Power of the Federal Government

    Quote Originally Posted by Snackem View Post
    No I have a lot of sympathy for the workers. However what would be better for GM, to be able to reorganize--yes that probably would mean the firing of some of the employees--or for the company to continue down this road and never become competitive with the Japanese auto makers again? i don't think that the union workers should be the only ones to sacrifice. I think that it should be a sacrifice at all levels.
    Firing of workers, AND a loss of benefits.

    Of course, if the whole ship sinks, most will lose. I just wanted to point out the consequences of bankruptcy (workers get the shaft), lest this be overlooked, or rendered invisible.

  9. #9

    Default Re: Size and Power of the Federal Government

    Quote Originally Posted by Snackem View Post
    I think that the best thing right now for GM, Ford, and Chrysler would be to fail--file for bankruptcy and restructure the business. They need to be able to renegotiate the union contracts.
    They just renegotiated union contracts in 2007 and according to Ford the new contracts will cut legacy costs (cost of pensions and healthcare for retired workers) to the same level as the legacy costs to foreign auto manufacturers pay their US workers.
    There's no such thing as a pretty good aligator wrestler.

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