A President Crossing the Line - The GM/Wagoner Saga

Obama has gone over the line; no other President would dare cross it, and Obama leaped over with such grace that the media seems to be missing the point. Buried deep into the NBC news website, tucked away behind CNN's breaking news about Madonna, and peeking out just slightly at the FoxNews website, is a President of the United States pushing a CEO out.
Obama has fired Rick Wagoner, former Chairman and CEO of General Motors. The mainstream news media brushes by the fact, because they know how this looks to people who pay attention. For instance, on the CNN story, they briefly say that Obama 'asked' Wagoner to step down, followed by a long discussion on the size of his retirement package. NBC news let the cat out of the bag, saying that Obama put the ultimatum on the table of "fire him if you want bailout money". They then, of course, went on to talk of how this is 'Obama working hard for the American people' to ensure their not going to lose "America's car company."
Of course, this whole thing is a mess. Obama threw himself into the fray and it's a complete mess now (Deja Vu). Let me offer my spin.
Let GM go under, by itself, no taxpayer money getting dumped into it. Let them then, if they so desire, file Chapter 11 bankruptcy and restructure the company. This would give them time to figure out what went wrong, (unions, poor product, price control, for a few examples), and start over, costing you and I, the taxpayers, nothing. This is called Capitalism. It ensures the right to fail and start over. It is what I would have to do in the circumstances, what any small business would have to do, and what any freedom loving American should do. Take your burden on your own shoulders.
Enter, then, Bush and Obama's auto bailouts. Taxpayer money thrown into a failing business. A President pressuring a CEO of a private company out. This is a road leading straight to Socialism. And, let me say this, even though it's no secret; SOCIALISM DOESN'T WORK!! (ie. Russia, Venezuela, many Caribbean islands, most of Central America, Britain, Canada, etc... Countries that are not doing well because of their government getting in the way of the peoples freedoms; the freedom to be the best that they can be, to succeed, to fail and get back up again, to start fresh and new, to live their life the way they see as best.)
I guess this is the start of the long, slippery slope to Socialism America voted for. Congratulations everyone. You've created a monster. God help America.