Douglas Johnson wrote:
Jack Stein wrote:

The percentage of GM stock stolen by Obama and redistributed to Big
Brother and the Unions is 100%. Any common stockholder that owned GM
common stock lost 100% of it to the government and the unions.

I must have my history confused. Didn't GM go to the government asking for
bailouts? In a private jet, no less? During the Bush administration?

Seems to me that Obama fired the CEO of GM, exactly what any socialist
dictator should have done, then redistributed the company to the
government and the unions.

If the government had refused that bailout, how much of the GM common stock
would be lost? 100%.

Who knows. Perhaps the court could have done what they do when a
company goes into bankruptcy? Perhaps GM could have come back, or, gone
out of business, or, been sold. I may have lost all my stock anyway,
but thats far better than having a socialist dictator steal it from me
and pretend the "taxpayers" own it. Give me a break.

Creditors end up owning the company after a bankruptcy. Both the union and the
government were major creditors. Nothing was stolen.

In my opinion, the government stole it. The executive branch should not
be firing anyone in a company I own. The government, in a capitalist
economic system should not own ANY company.

I suspect it is going to be a lousy investment for the taxpayers, but that is a
different subject.

Same subject. In a capitalist society, which we were at one time,
private citizens owned companies, not the government, and if the
business failed, it failed. Government buy outs is simply wrong.

--
Jack
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