What kind of socialist surrenders millions of ownership stakes in the world’s largest automaker?[/quote]
A socialist who’s $18 trillion in debt?[/quote]
I thought Obama didn’t care about the debt?
Anyway, it doesn’t strike me that privatization would be high on the list of methods a socialist might use to pay the bills. In fact it doesn’t strike me that that would be on the list at all–especially not when the deal will do almost nothing to curb the total debt anyhow.
The simple answer is that the bailouts were very obviously not permanent nationalizations. Yet another item struck from the “Obama is the lost Castro brother” list of talking points. [/quote]
It’s nothing to brag about. GM owes the taxpayers 26 billion and the sell off will be at half the price the remaining shares were bought for.[/quote]
Word. Bad economics–but not by any means socialist economics. In fact, quite the opposite.
What kind of socialist surrenders millions of ownership stakes in the world’s largest automaker?[/quote]
A socialist who’s $18 trillion in debt?[/quote]
I thought Obama didn’t care about the debt?
Anyway, it doesn’t strike me that privatization would be high on the list of methods a socialist might use to pay the bills. In fact it doesn’t strike me that that would be on the list at all–especially not when the deal will do almost nothing to curb the total debt anyhow.
The simple answer is that the bailouts were very obviously not permanent nationalizations. Yet another item struck from the “Obama is the lost Castro brother” list of talking points. [/quote]
It’s nothing to brag about. GM owes the taxpayers 26 billion and the sell off will be at half the price the remaining shares were bought for.[/quote]
Word. Bad economics–but not by any means socialist economics. In fact, quite the opposite.[/quote]
"…the authorities in Beijing were becoming concerned that the state banking system, already creaking under the weight of bad debt, would be unable to bear even more. With the quiet acquiescence of the central government, Zhucheng and Shunde ignored doctrine, old laws and 40 years of failed policies in search of a better approach.
In a carefully constructed phrase subsequently endorsed, in 1993, by the all-powerful State Council, the two cities engaged in gaizhi, which means “changing the system” and implies the diversification of ownership. Put more simply, in words that even now the Chinese government cannot bring itself to utter, they started to privatise many of their companies."
Wow, this proves that China is not a Communist/Socialist country! All hail our beloved leader Obama!
[quote]SexMachine wrote:
"…the authorities in Beijing were becoming concerned that the state banking system, already creaking under the weight of bad debt, would be unable to bear even more. With the quiet acquiescence of the central government, Zhucheng and Shunde ignored doctrine, old laws and 40 years of failed policies in search of a better approach.
In a carefully constructed phrase subsequently endorsed, in 1993, by the all-powerful State Council, the two cities engaged in gaizhi, which means “changing the system” and implies the diversification of ownership. Put more simply, in words that even now the Chinese government cannot bring itself to utter, they started to privatise many of their companies."
Wow, this proves that China is not a Communist/Socialist country! All hail our beloved leader Obama![/quote]
Unrelated to the specific point in question, which is:
You like to point to the GM and AIG takeovers as evidence that Obama is a leading some kind of socialist takeover of the country. Your argument is that he nationalized these corporations.
Those shares that were held by the government either have been or are being sold away to private buyers.
Therefore, 1 is incorrect.
This is not a point that can really be debated; the auto bailout no longer stands as evidence in your weaker-by-the-day argument.
But if you want to get into the details here, China has been inching away from communism since Deng initiated reform in the late 1970s. No one will be surprised if you find some evidence of capitalism in recent Chinese history; they are really state-capitalist autocrats these days anyhow.