View Single Post
  #5 (permalink)  
Old 12-21-2009, 06:50 AM
fastd's Avatar
fastd fastd is offline
CC Member
Visit my Photo Gallery

 
Join Date: Sep 2008
Location: Austin, TX
Cobra Make, Engine: ERA FIA, 351W
Posts: 765
Not Ranked     
Default

Ex,

You made a lot of progress with your last post; you said that socialism is a bad form of government for our republic.

You said:
When you become the major stock holder/investor in a company you get to call the shots. Like GM, the banks or who ever.

Based on that, I think you are willing to admit that the Government is calling the shots at GM. Well that was my point before and it is unfair to dismiss it as "sensationalism".

When the Government made its stock investment in GM it subverted existing bankruptcy law; forced the banks, stockholders, employees and unions to take their deal. Many would argue that a normal bankruptcy would have served the company better but the Government exercised a power unprecedented in history. When people complain about "socialism", this is the kind of thing they are complaining about; why don't you understand that?