If this ain't bad enough, then I sure as hell don't know what is...
President Barack Obama has effectively FIRED Rick Wagoner, the CEO of General Motors.
What this means is that the United States federal government has pretty much nationalized and taken over a private company. It's likely not going to be called that officially, but the policy is still the same.
Has a President of the United States ever done anything like this, in the history of this country? Certainly not in recent memory. The closest I can think of is what happened between Ronald Reagan and the air traffic controllers' union... but not Reagan or any other President in living recollection ever seized enough control of a company to call the shots about who it hires.
Scary stuff.
