saveliberty
Diamond Member
- Oct 12, 2009
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Takes over? Why would the government take over a private business in America?
Looks to me more like a bailout with a demand that for once the American public get some say in how their help is going to be spent.
I would imagine people who scream about guv bailouts and big biz give always would applaud having a say in companies the US Tax Payer has bailed out.
and why a bailout? no sane person has suggested another way at the time, of getting the economy off life support.
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It is a take over Dante. The board of directors as many government appointed seats in GM now. Those people are dicating the days supply of vehicles available, which really effects sales of the product. Yes, it is a takeover. The sooner we get those loans paid and new stock issued the better for the company and nation.
Without the investment there was no GM. It should be supported by conservatives that teh amount of money used to bailout a company demands a say in the boardroom.
It's not a takeover in the classic sense that right wing lunatics are portraying it. The government did NOT nationalize the auto industry. The government saved asses and is NOT running GM.
They took over the operations of GM. That is a takeover period. They determine production levels.