One of the most despicable and anti-capitalist presidential actions was the nationalization of General Motors, a company that once symbolized America's economic power.
The United States government should not be running a private business, regardless of the fabricated illusions portrayed by the King of Socialism. George W. Bush did not help the situation by bailing out GM during his administration. Obama has taken the blunders to a whole new level! By "nationalizing" General Motors, tax payers are on the hook for 60% of the company. There is no guarantee GM will ever turn a profit again. This situation is no different than an investment. One could lose everything.
Ultimately, the government controlling GM not only has financial implications, but more indirect financial and non-financial implications. In particular, MPG regulation and green technology are all liberal agendas. Energy efficient cars and pay cuts for union workers are not fair and are indirectly being imposed upon GM. Keep in mind both implications are a loss of power for both the left and right-wing.
GM would not even be close to bankruptcy if unions had not extorted for generations and generations. The union thugs have greed to console one another now that the reign of union extortion is over.
The one bright side about the nationalization of GM is no more union thugs will be extorting GM.....
No comments:
Post a Comment