At times, companies make announcements such as earnings, dividends, executive personnel change and other good (or not so good) news late in the day, after the markets close, or on the weekends.  The purpose of this timing is to mitigate the effect the announcement has stock prices.

 

Apparently, the clowns in our current administration think the same thing might be true for news from the government.  To wit, two announcements made over the weekend:

 

1.  The CEO of GM is quitting, effective immediately, at the request of the White House.

2.  The Treasury Secretary believes the markets can't resolve the current 'economic crisis'.

 

First, I was taught in business school that the chain of command in a corporation was the stockholders, who elected a board of directors, who in turn hired (and fired) a CEO or president.  I guess under Obamanomics, the senior debtholders now decide who runs the company. 

 

Second, to say that the markets can't handle an economic problem that was caused by government mandates shoved down the throats of the company CEO's is to say that capitalism doesn't work.  Apparently, Treasury Timmy's lack of mental capacity extends far beyond his inability to remember to pay his taxes.

 

April 18th is fast approaching.  To all of you I say "To arms!  To arms!  The socialists are coming!"