Posted by
Tom L. on Tuesday, June 02, 2009 6:00:00 AM
Imagine a time of economic downturn; people out of work, businesses closing, people losing their homes. In response to these extraordinary circumstances, the Federal government takes unprecedented steps to get the economy working again.
Ultimately, the corporations created serve two masters: The politicians with their political agendas, and the business people with their profit motive.
As long as the economy is booming, there is no problem, but when another slow-down hits it is clear the two “bottom lines” are incompatible.
An unrealistic scenario? Can you say “Fannie Mae” or “Freddie Mac”?
Well, you better be able to say Gennie Mae – the Federal government now owns 60% of GM.
When the political agenda and business agenda of GM come into conflict, what do you think will happen?
So let’s give GM to the real owners, not the politicians in Washington, give it to the people who paid for the 60% ownership - the American taxpayer.
If by using taxpayer money the Obama administration has the government owning 60% of GM, I want my stock.
Take everyone who paid Federal income tax for 2008 and divide up the GM stock proportionally.
Send me my GM stock.
Allow me to decide to hold it, sell it, or even buy more from other taxpayers.