If Socialism is when the government owns the means of production an the banks

  • Thread starter Thread starter Jgf Sux
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That is the bailout. Remember? And the companies are all able to pay the money back to get their shares back. That isn't the government now controlling GM. E.g., can you name a single model of vehicle that a government employee produced?
 
Wrong on so many levels. Obama doesn't own GM. The American tax payer owns a sizable portion of it. You just described Communism not Socialism. Try using that socialist library every now and again.
 
I think Obama leans more towards communism like his mother was and just about everyone hung out with in his past. I wouldn't hang out with a commie- but he did and still does. So he must be one, now its car companies and banks next year its our food and our homes and I think he wants to take our energy sources away from us and bribe us to get it when needed just like Chavez does to his people. They are all the same!. Chavez takes away his peoples energy for weeks at a time- making them suffer! He also controls their food supply- like the Antichrist is to do.
 
There isn't a policy of the federal government owning companies. The ownership of GM and Chrysler is a result of bankruptcy. The federal government had loaned money to them to keep them solvent so that an orderly restructuring could take place instead of the collapse of the companies at this time last year when the economy was in free fall. In a bankruptcy a company's creditors end up owning the restructured company. There is no intention to own those companies long-term the way the UK and other european countries owned major industrial companies. The banks have largely repaid or bought-out the government loans and preferred stock purchases. Again, these steps were taken to stabilize the whole economy by preventing the collapse of important financial firms at a time when the financial system was in a panic. Remembering how bad things were from Sept 2008 through April 2009, what would you have done differently? How would that have made things better?
 
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