Douglas Johnson wrote:
Jack Stein wrote:
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.
He did. But let's abstract it for a minute.
Abstracts are fun, but real life is where we are. Obama has no freaking
business being in business, firing the head of MY company. I guess I
shouldn't be too ****ed off, the bond holders really got reamed.
Consider the president of a bank,
who inherits a $15 billion investment from his predecessor. The investment is
going sour, with a $30.9 billion dollar loss and an auditor's statement that
the company continuing survival is "in substantial doubt".
What does he do? Firing the CEO, demanding a plan for continued viability, and
taking the company into bankruptcy when the plan fails would be smart capitalism
and protecting his investors.
Your point is?
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.
I'm not happy with government bail outs, either.
Nobody seems to be, yet, here we are.
But remember, it was Bush that did it, not Obama.
You are still in living in the abstract I see. Bush didn't do it ever.
In fact when Enron asked Bush for a bailout, he laughed at them.
Obama was just cleaning up the mess the same way any
investor of that magnitude could have and should have.
I guess you either live in Canada, or some other socialist country, or
just moved here. In the US, the government is not supposed to be in
business, period. In the past 50 years, government has taken over the
transportation systems, gambling, sports stadiums, parking lots, car
manufacturing, banking and the health industry is next. You can bet Big
Brother will be taking away your guns, then free speech, freedom OF
religion (I'm an atheist and still that ****es me off) and you, and the
rest of the dumb asses will still be blaming Bush. Well, you might be
dead by then, socialist dictators have a fat record of killing their own
for the "good" of the collective.
The only good thing going on in the US is when Robotoy crosses the
boarder to get his triple bypass or prostate cancer treated, he will
have to wait just as long as he does in Canada. Same with the Italy's
Prime Minister Silvio Berlusconi. Perhaps he will have to go to Canada
to get his heart surgery.
I guess there are other neat things about the direction Obama is taking
the US. Soon, we will be invading Canada and Mexico looking for low pay
jobs and free health care, and a "better" life in general.
--
Jack
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