The Original Tree
Diamond Member
Agree. GM was failing in my opinion (It Essentially was a Hoax) because they were investing all their money in China and Mexico instead of their aging plants in The US.
Yup, same for General Motors.The banks should have been allowed to fail period.
Socialism is your bank bailouts of 07-08 under both "conservative" and "liberal" administrations. Socialism is publicly funded stadiums/cathedrals for uber wealthy pro sports team owners. Socialism is what farmers are receiving now to offset the hit they are taking on Don's "China trade war" shtick. Socialism is what we do for folks like Jeff Bezos and the Walton family. America has a long and rich history of socialism woven through our economic system, we just reserve socialism in the US for the proper class of folk.
Privatized gains versus socialized losses for the Wall Street bankster class
Internalized profit versus externalized risk and expense for the "job creator" class
Socialism for the aristocracy versus laissez-faire capitalism for the masses
Capital is afraid their little sham of the past half century may get disrupted:
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They would have survived a reorganization bankruptcy WITHOUT American tax dollars being wasted first.