Obama Fully Invested as CEO-in-Chief

In Detroit and on Wall St., president decides to run things his way
By Gabriel Winant,  Newser User
Posted Mar 31, 2009 9:16 AM CDT
President Barack Obama arrives in the Grand Foyer of the White House yesterday to make remarks about the American automotive industry.   (AP Photo)
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(Newser) – Though he entered office with relatively little business experience, the past week has seen President Obama assume the role as “the most powerful player in American business today,” Mike Allen and Jim VandeHei write for Politico. “He’s realizing, ‘Hey, the economy’s mine now, and I better do it my way,’” a source says. “So the administration is collaring people and letting them know who’s in charge.”

As CEOs from Wall Street to Detroit feel the pinch, Obama is becoming more comfortable with the role, insiders say, positioning himself as common-sense and centrist. But critics argue that the government lacks the expertise to supervise major corporations. “I don’t know who should run GM, and neither does President Obama,” says one think-tanker.