Quote:
Originally Posted by Kamui4356
The government should have just stepped in and nationalized the company back when they got the bailout. They even said at the time that it wouldn't be enough. Hell the stock is like a dollar. They could have taken that bail out money and bought a controlling interest in the company and still would have had money left. Even if GM survives this, a lot of people are going to be out of work around the world. Though if the government really wanted to save GM, a socialized medicine system would have saved them a lot of money in benefits packages without the government having to actually give a dime to the company. Of course either way is "socialism" and we can't have that.  |
The U.S. Government has ZERO business in owning or controlling a private company. This is very much so an over-step of Government power and one the Founding Fathers of my country never wanted to happen.
This is a sad day for American Capitalism and a sad day for America in general.
My 2000 Corvette is the last GM vehicle I will own as long as the Government owns an interest in it.