So, Rick Wagoner of GM has resigned at Obama's behest after failing to give the Administration a decent viability plan - and Republicans, with a reach-around from Big Media, will try to spin it like this:
"Why hasn't Obama made any Wall Street CEO's resign?", then
"Is it becuase he's funded by Wall Street?", so
"How come Obama's heavy handed with blue-collar companies, but not white-collared one?"
Let's do some quick and easy dissecting, shall we?
Chuck Prince - CEO of Citigroup, resigned on 11/04/07 after CDO and MBS losses sent Citi into its current tailspin. Vikram Pandit, the current CEO, isn't any Einstein, but he hopped on to a plane that was already on fire.
John Thain - CEO of Merrill Lynch, who spent too much time redecorating his office to pay attention to his company, resigned from a position at new owners Bank of America on 1/22/09 after they figured out that you probably don't want the guy who gutted his own company to work in yours.
Martin J. Sullivan & Robert B. Willumstad - the two preceding CEO's of AIG (Avarice, Ignorance, & Greed, for those that don't know), the former of which resigned in 06/15/08 and the latter three months later. Under the both of them, the Financial Products division was able to use intense dark magics for creating unintelligable financial vehicles that were supposed to make everybody (on Wall Street) rich. Oh, and they presided over a 97% decline of AIG's stock price, too.
Hank Paulson - CEO of Goldman Sach's, didn't have to resign because after thrashing his bank becuase he left to become...wait for it...our Tresuary Secretary! Yay!
Dick Fuld - CEO of Lehman Brothers, presided over his company engorging themselves on suprime mortgage securities. It's implosion kicked off Great Depression 2; PARTY HARD.
Jimmy Cayne - CEO of Bear Stearns. 'Nuff said.
So there - four Wall Street Titans that either participated or created in the mess we're all in, and they can all smoke their doobies with Wagoner at the 'I-Fucked-My-Company-In-The-Ass, All-I-Got-Was-A Golden-Paruchute' Clubhouse.
Last and foremost, let's acknowledge that these guys (including Wagoner) were all at the scene of the crime - they were there, over the last few years when their companies became what they are today - steaming piles of shit. They weren't installed later, like the current CEOs of these companies are.
So, to answer the Repub Talking Point Of The Day...OBAMA CAN'T DOUBLE-FIRE DOUCHBAGS THAT AREN'T ON WALL STREET ANYMORE.
Feel free to correct or offer updates to my list in your comments.