Controlling the means of production. Yummy. This is the “change”. The “hope”. This, comrades, is what they call “progressive”.
And here’s a random, gratuitous picture of Karl Marx.
Washington, auto union set to take control of GM, Chrysler
Washington to buy 50% of GM, UAW seeks 55% of Chrysler; Ottawa watching U.S. deal closely, Tories considering ownership stake in GMGREG KEENAN AND SHAWN MCCARTHY
From Tuesday’s Globe and Mail
April 28, 2009 at 12:37 AM EDTIn a historic reshaping of American capitalism, the U.S. government and the auto workers union are on the verge of controlling both General Motors Corp. and Chrysler LLC.
The latest proposal offered up by GM — now subsisting on loans provided by Washington — would see the U.S. government hold 50 per cent of the company if it accepts a debt-for-equity swap. The United Auto Workers union would hold another 39 per cent of GM, if it agrees to allow a new health-care trust fund to be financed with GM shares.
Ottawa is watching the GM deal closely and is also looking at taking an equity stake. …
The only thing that surprises me is how fast this is happening.
But don’t get up, conservatives. Carry on as usual.
PTBC was founded by Mr. Johannesen in 2000.
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