April 28 (Bloomberg) -- The United Auto Workers union’s retiree health-care fund will own 55 percent of Chrysler LLC ...
The union’s equity in Chrysler is valued at $4.2 billion. If it can sell the shares for more, the Treasury would get the difference, one of the people said.
Separately yesterday, General Motors Corp. said it will be at least half owned by the U.S. government ...
More here:
Hmmmm. So the UAW (union) will own Chrysler (mostly) and the government will own most of GM and part of Chrysler. This gives the federal government huge stakes in those companies and puts the government in competition with Ford. I wonder what the government will do to Ford.
Something tells me Ford is about to be fined huge amounts of money for violating some government rule. Yes, I'll bet we are about to learn that Ford is somehow violating all kinds of rules. Tsk Tsk.
Oh, woe is us. Who could have foreseen a conflict of interest when the government starts competing with private businesses? Nobody could have seen this coming. It's a bolt from the blue.
The funniest part is how the Democrats love big government and the founding fathers did not. It's as if the Democrats are diametrically opposed to the founders. It's as if the founders knew there would be people like Democrats in the future so, to defend freedom against them, they wrote the Constitution.
The Democrats tricked them though, they just ignore the Constitution ... "What do you mean 'limited government'? What do you mean 'specific enumerated powers'"?
The union’s equity in Chrysler is valued at $4.2 billion. If it can sell the shares for more, the Treasury would get the difference, one of the people said.
Separately yesterday, General Motors Corp. said it will be at least half owned by the U.S. government ...
More here:
Hmmmm. So the UAW (union) will own Chrysler (mostly) and the government will own most of GM and part of Chrysler. This gives the federal government huge stakes in those companies and puts the government in competition with Ford. I wonder what the government will do to Ford.
Something tells me Ford is about to be fined huge amounts of money for violating some government rule. Yes, I'll bet we are about to learn that Ford is somehow violating all kinds of rules. Tsk Tsk.
Oh, woe is us. Who could have foreseen a conflict of interest when the government starts competing with private businesses? Nobody could have seen this coming. It's a bolt from the blue.
The funniest part is how the Democrats love big government and the founding fathers did not. It's as if the Democrats are diametrically opposed to the founders. It's as if the founders knew there would be people like Democrats in the future so, to defend freedom against them, they wrote the Constitution.
The Democrats tricked them though, they just ignore the Constitution ... "What do you mean 'limited government'? What do you mean 'specific enumerated powers'"?
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