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The fascists in power claim that they “had” to take a huge governmental ownership stake in GM because … well … I don’t really know. But if, as the Messiah claims, the government has no intention of running the company or meddling, why would it take an ownership stake? If it has something to do with selling shares (now valued at zero) at firesale prices later on, why not just give each of the American taxpayers shares in the new company? Wouldn’t that give everyone a stake? Wouldn’t that demonstrate that the government would not meddle? Wouldn’t that make it easier for GM to raise private capital later on? Just thinking out loud, that’s all.

2 Responses to “Government Motors – We HAD To Do It”

  1. Harry says:

    Yeah, I saw it Speedmaster.

    What they first did was to pump in equity — preferred stock — into GM. If you were a bondholder this would have been good news, similar to the billions Berkshire Hathaway pumped into GE. Surprise!

    I have to relate this news to Wintercow. Please don’t anyone be impatient with this digression. Today I learned on the news — I still find it unbelievable — that the EPA has proposed a $75 dollar per year per head tax on dairy cows, of which Wintercow counts himself, and I assume a Holstein, and an $80 tax on beef cows, since the methane they generate from chewing their cud produces (I did not catch the exact number, but does it matter?) 33.4 percent of greenhouse gas emissions.

    James Sensenbrenner, (R-WI) then was featured talking about the “cow fart tax.” I called my local congressman to tell Jim to watch his language.

    I hardly know where to begin.

    Having spent many years on the business ends of wintercows, which includes feeding them, bedding them, and milking them maybe 200,000 times, I can vouch for the EPA that they do not fart, but rather regurgitate their cud until it is finally digested. That’s the only thing the EPA has right and Jim Sensenbrenner has wrong, and if he’s from Wisconsin I bet he never milked a cow. But enough of these ad hominem and ad gerundum food fight arguments.

    What is breathtaking is the idea that dairy farmers with, say, a hundred head (milking, dry, heifers — how are you going to count ’em congressional staff or commisar?) can afford to dump $7500 to Rahm Emmanuel to pay for more slippers to the Chicago Ballet?

    Another term paper would be on how they figured that Herefords should be taxed $5 per annum per head. Not just an economics term paper, but a psychology term paper.

    This should be raw meat to Speedmaster and the more heavily taxed Wintercow.

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