Originally posted by: Nik
Originally posted by: JS80
So someone that comes in to power into a semi capitalistic economy and makes it more socialist isn't a socialist? Right? Saving GM is PRESERVING capitalism? How can I debate someone who thinks 2 + 2 = 5?
When GM repays the government (you DO know what a loan is, right?), the government will no longer own GM. It's not like the government is actually making any business decisions. Think of them as simply an investor.
Oh, and take some econ and politics classes. Please. Before you post again.
:laugh: I'm an econ major and I'm in finance. You're the one that should get informed. The GM loans converted to common and the government now owns 70%+ of GM. And yes, they ARE making business decisions.
GM CEO fired by Obama
Barney Frank makes GM delay plant closure in his district
Lastly, the government SHOULD NOT BE AN INVESTOR IN PRIVATE ENTERPRISE. They end up pumping billions into a black hole.