Largely overlooked in the coverage of the historic bankruptcy filing by GM, President Barack Obama laid out his four principles for government ownership for financial firms. (my emphasis)
Chilling words. Government ownership of formerly private enterprises.
Rule number three:
After any up-front conditions are in place, the government will protect the taxpayers’ investment by managing its ownership stake in a hands-off, commercial manner. The government will not interfere with or exert control over day-to-day company operations. No government employees will serve on the boards or be employed by these companies.
After the up-front conditions are mandated no government employee will need to serve on the board. The "rules" will be in place, the board will have no choice but to follow them. This is no slippery slope. This is a downhill slalom and once we hit bottom it will be a long, difficult climb to get back up. If it's not too late by then. If we're going to turn back this socialist clock, we'd better get started.