It is socialistic, here in a liberal democracy the president does not have that kind of power (or wasn't intended to by the founders), a lot of people view it as abuse of power and I think this is only the beginning in a long line. Private companies in a free market have the right to choose their employees and Obama denied them that right
Similar actions occurred at AIG and at Fannie Mae and Freddie Mac, where chief executives were removed in September 2008 as part of agreements to accept government aid. Why didn't people call Bush a socialist?
So you just want to go out to detroit and hand them your paycheck, no questions asked, no questions answered, huh? It isn't socialistic to put conditions on a loan, so why is this any different?
It's actually Mussolini Fascism. He can't do what he's suppose to be doing and now he's trying to run a corporation. Should of done that before trying to be president.
Well I def think that the automakers are being treated differently than the bankers, who essentially did the same thing and squandered their monies away.