Did Obama pull a Reagan?

Seeking Alpha asks the question. I would say that King Obama pulled something more akin to some less savory historical figures. Exactly how is it that the President, can "fire" GM's CEO? Exactly how is it that a President can say that the government will honor GM's warranties? I thought we were a nation of laws, not edicts. Considering how he was coronated by the press and how he continues to act like he can do whatever he wants, from this point forward, I will refer to him simply as King Obama. I'm a trailblazer, but before this is over, we'll all be calling him that.

UPDATE: Enjoy an Obama spokesman telling us that King Obama would be "ready to rule" on day 1. President or King?