Well now the RUSSIANS think we’re descending into Marxism, this from Pravda:
First, the population was dumbed down through a politicized and substandard education system based on pop culture, rather then the classics. Americans know more about their favorite TV dramas then the drama in DC that directly affects their lives. They care more for their “right” to choke down a McDonalds burger or a BurgerKing burger than for their constitutional rights. Then they turn around and lecture us about our rights and about our “democracy”. Pride blind the foolish.
While much of this is Russian propaganda, it makes sense. The Federal Covernment has now taken over many othe the biggest banks, the world largest insurance company and now GM! what’s next? Nancy Pelosi wants us to help out newsparers. If we aren’t heading to Marxism, we certainly are becoming Socialists.
Here’s an interesting article about nationalization of industry. And a little more about GM:
Under terms of a proposed bankruptcy agreement, the U.S. and Canadian governments will own nearly 75 percent of General Motors, with the U.S. holding a 60 percent controlling stake and Canada with 12.5 percent. The UAW would get a 17.5 percent stake and bondholders would end up with the remaining 10 percent. Existing stockholders would be wiped out.
President Barack Obama said Monday at the White House that the U.S. takeover is temporary. “What I have no interest in doing is running GM,” he said.
However, even if GM can emerge from bankruptcy protection in the 60-90 days it projects, it could take months or even years for it to unwind its shares, industry leaders suggest.