Obama announces Fed auto company bailout.. PLAN?

President Obama... wait I will change that at the end of this post.

Obama has told GM that as part of the conditions for help from the Federal Government that Rick Wagoner must step down as part of the governments plan. So Rick bows out in the interest of saving GM. 24 hours later Obama pulls a fast one, gives GM 60 days to come up with a different plan, even if its bankruptcy and asserted unprecedented government control over the auto industry. This is your PLAN? Obama then bluntly rejecting turnaround plans by General Motors Corp. and Chrysler LLC, demanding fresh concessions for long-term federal aid. Odd thing was the deadline for long term aid was suppose to be announced today, after Wagoner was out. Also Obama said today "I'm committed to working with Congress and the auto companies to meet one goal, building the next generation of clean cars." In HIS opinion 'our auto industry is not moving in the right direction'. Meaning HIS and the Democrats direction. Even Obama supporters in the Union are upset. One worker ... of Chesterfield Township in Michigan, said automakers were being punished because of public anger over the banking bailout. "They're using us for the mistakes they've made in Washington," he said. Other workers alleged a double standard in how Washington dealt with Wagoner, as opposed to CEOs of bailed-out banks. "They're using him as a fall guy," said F. Rowser, financial secretary for UAW Local 909. On top of that the Dow tumbles on fears about the government actions today sent stocks plummeting, with the Dow Jones industrial average losing about 254 points. GM plunged 92 cents, or 25.4 percent, to $2.70. Obama, you've stepped over the line. You will now be known to many as President Valdimir Lenin.