Originally Posted by Mediacritic
He does not HAVE TO step down (he's not facing arrest). GM could turn down our bailout money, I suppose.
Oh come on. No, he's not facing arrest (where the hell did that comment come from) but Obama told him "walk out the door now, or GM will never see another penny". In some parts of the world they call that strong arm tactics, in others it borders on blackmail or at the very least, coercion. This puts us on a pretty slippery slope when the President of the United States of America can do this to the CEO of a major corporation. Obama is, quite literally, taking control of the domestic auto industry and I'll just bet the boys over at the Blue Oval are happier than ever that they managed to avoid having to take any bailout money.