Obama is Now CEO of Auto Makers.

The article reflects on the announcement by U.S. President Barack Obama in 2009 about his vision for the future of General Motors (GM) and Chrysler. The author argues that the problem with bailouts is that it allows the federal government to feel entitled to impose the business plan of rescued companies. He also criticizes the American Clean Energy and Security Act of 2009 drafted by Democratic Representatives Henry Waxman of California and Ed Markey of Massachusetts.