Obama not running auto makers

President Obama said he has no intention of running GM.

"Let me be clear. The United States government has no interest in running GM. We have no intention of running GM."

But Obama forced the resignation of GM CEO Chairman Rick Wagoner.

The president said the move was not a "condemnation" of the chairman -- rather a "recognition that it will take a new vision and new direction to create the GM of the future," according to a FOX News report.

This represents a perfect example of Obama doublespeak. He's not running GM, but he's dictating how the company does business and apparently knows best what the car company's "new direction" should be.

Sounds an awful lot like running GM to me.

The administration also gave Chrysler 30 days to finalize its merger with Italian car maker FIAT. Chrysler will receive $6 billion from the feds if it reaches an agreement "acceptable to the government".

Apparently the Obama administration is also not running Chrysler.

The folks over at Ford who refused to accept any government money because they wanted to avoid just this kind of government meddling look pretty smart about now.