Whither Goeth GM

[Corno Dolce]

It is truly shocking that America will soon have GM that produces vile, ugly, oil-burning, air-fouling, unreliable pieces of crap for autos like these:

http://www.time.com/time/specials/2007/article/0,28804,1658545_1658533_1658030,00.html

http://www.youtube.com/watch?v=MQwj0EqOQJw

Through the miracle of Syndicalist-Socialist economic plans wherein the auto-workers own at least 50% or more of the company, think industrial collective a la Soviet System, and that it is this type of centralised planning made famous by Stalin which is now being foisted upon America by the White House, we will witness very soon the meltdown of U.S. Industry. Requiescat In Pace!!!

A primer on the coming meltdown: http://mises.org/story/3439

 

[dll927]

Theoretically, supposedly, or however you want to put it, the government ownership of stock has been billed as a temporary matter. Eventually (?) the government could sell the stock at a profit if it should ever happen that things turn back up.

Although I have personally never owned a share of stock, the advice always seems to be to hold onto stock for the long haul, thus assuring a profit at selling time. Could that be the plan. I'm not sure I buy into all this talk about socialism.

American politics has a way of swinging like a pendulum. At any given time, the "outs" whine and carry on as if there were no tomorrow, but just give things some time.

The late John Kenneth Galbraith was quoted as saying that economic prediction was invented to make the signs of the Zodiac look legitimate. Of course, he was from Harvard, which is not known for conservative thinking. And John Maynard Caines (sp.??) was known as the "father" of government intervention. But I don't think the U.S. is going to have a Stalin in our lifetimes.

It might be pointed out that ink has been spilled to say that Marx and Engels, who were German, never had any idea that a country such as Russia would be the incubator of their ideas. And that experiment eventually failed.