Turns out there are some occasional consequences to keeping your failed industry afloat on a sea of free money from the government. General Motors’ CEO Richard Wagoner found out about that, today, when he was fired — excuse us, “resigned.” Barack Obama went on some teevee talky show this morning to complain about Detroit and the auto bailout, and by tonight Wagoner was out, the end. [Washington Post]
July 22, 2014
GM Chief Rick Wagoner Fired, By Obama
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