Comments on: A History Of Corporate Nationalization

U.S. Control Of GM Latest In Long Line Of Government Takeovers During Times Of Crisis

[bobbyduck1]

Boy I sure wish we could return to those Bush "boom" years..
Posted by omega39-2009 at 6:16 AM : Jun 2, 2009

This is still them. It's the second half, where the bill comes due and now we have to pay it.

[babooph]

I cannot help but notice,that under any system of govt. or economy-when in war ,or economic or health failure-THE GOVT> TAKES FULL CONTROL OF EVERYTHING!

[mitdgreenb]

Frets, Andy -- Excellent.

St Gen -- I will not label anyone (including current POTUS) as "socialist". I will point out that most examples of nationalizing hings in this country have been downright failures. AMTRAK can't seem to make money. Fannie/Freddie -- which were overextended through the cooperation of Democrats and Republicans in Congress -- can't get to a good outcome. GM is now owned by the UAW, setting up a battle between retirees (whose pensions depend on the "new" common stock) and current workers (whose salary depends on a strike). Conrail is one exception, but generally government interference in the capitalist process of creative destruction leads only to a high bill for taxpayers. Bailing out GM with only "hope" that the government's stake will be worth something some day is as unwise as going into a war with only the hope that the troops will get to come home. (See, I am critical of all administrations! That's what's wonderful about being a moderate in these times.)

[omega39-2009]

lmao at conservatives who are completely out of touch with reality
Posted by ddaryl1

Oh yeah???? Well the laugh is on you because it was almost a certainty that deregulated, trickle down outsourcing was just getting ready to pay off for the middle class jobholder in fantastic, unimaginable ways.

[ddaryl1]

lmao at conservatives who are completely out of touch with reality

[omega39-2009]

Boy I sure wish we could return to those Bush "boom" years..

[frets3]

Along with yesterday's 200+ point rise in the Dow Jones index, this story about "A History Of Corporate Nationalization" is nothing more than psychological balm for a battered American public.
Posted by WayAround

You are entirely correct. Toss in a pinch of manipulation, and a dash of good ol' socialist endoctrination and the uber-gullible public can go back to sleep.

[WayAround]

Along with yesterday's 200+ point rise in the Dow Jones index, this story about "A History Of Corporate Nationalization" is nothing more than psychological balm for a battered American public.

[frets3]

It seems liberals are always trying to nationalize our industries.
Posted by mrs_trepidatious

They're not 'trying' friend, they're DOING!

[frets3]

What a nice, comforting little piece of crud this article is. The message here is, "see, don't worry about the First Black President doing exactly what Chavez or Kim Jong Il is doing, everything is okay." But it's not. Nice to see once again how deep in Obamas/DNC's pocket CBS News really is. I'm sure this article will help comfort a lot of people who are incapable of critical thinking or knowing when they are being manipulated. I'll probably be banned for pointing this out (it's happened before).