Tuesday, April 28, 2009

Under Communism, The State controls the Means of Production

Under the latest scheme, The US government will own over 50% of GM, the UAW will own 39%, and bondholders will be left with a paltry 10%. Additionally, in the Chrysler/Fiat deal the UAW will hold 55% of Chrysler as well.

But we don't live in a communist country... or do we?

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