Skip to comments.Taxpayers Own 60.8% of New GM - When's Our First Shareholder Meeting?
Posted on 07/11/2009 6:49:59 AM PDT by PlainOleAmerican
Isn't it amazing how fast the government can move when they are motivated by a historic confiscation of private sector power and wealth?
As of this morning, American taxpayers are now the majority shareholder in the newly created Government Motors, which will build the Chevrolet, Cadillac, GMC and Buick brands looking forward. American taxpayers paid over $50 billion for 60.8% of GM. That money was used to save 66,000 American jobs. That comes to $757,575.76 per job saved. A little pricy if you ask me, but we are talking about union jobs here.
By comparison, less than 1% of the Obama-Pelosi "stimulus" package was directed at stimulating small businesses, which account for 98% of all jobs in America. But when it came time to save union jobs, Obama-Pelosi opened up the taxpayer pocketbook and coughed up a very generous $757,575.76 for each of 66,000 GM jobs saved.
More than 20,000 GM employees are still headed for the unemployment line, and 1900 GM dealerships (private small businesses) are out of business. 4100 GM dealerships, most of them in Democrat strongholds were saved.
(Excerpt) Read more at rightsidenews.com ...
Well I want to fire some folks starting at the top of both management and labor.
Shareholder meeting? You don’t get it. We’re not the shareholders. Barack Obama is the shareholder. And he doesn’t need a meeting. He just calls them up and tells them what to do.
W was "The Decider",
0be is "The Teller".
How about our checks coming in the mail?
It’ll be a closed meeting in Rahm’s office....
Our first shareholder meeting is in early November, 2012.
Do I get a free oil change ?
Wouldn’t it be hilarious to see Major Garrett ask Baghdad Bob Gibbs that question?
Can we sell our shares if we don’t trust management??
Pray for America
Going out tomorrow to buy a FORD.
Sure you do...since you've already paid for it.
I don’t suppose that, as a shareholder, I can demand that my record of car purchases from GM be destroyed so that 0 doesn’t get hold of that information?
The premise of the article is not true. If it were true, Senator Alexander’s program would have been implemented.
That is, every person who paid, that is actually filed a tax return, would be issued the actual shares.The taxpayers would actually own and hold the shares that could be held or sold on the market.
As it is now, a government bureaucrat effectively owns and votes the shares. Taxpayers have no say at all in the matter.
To say taxpayers own the company is yet another big lie by the criminal enterprise that is the Democrat party
The Democrats must be destroyed
[Wouldn’t it be fun to show up at shareholder meetings though? ]
I don’t see why not. And do the employees and union now fall under the Hatch Act?
Will Gettlefinger be our next Commerce Czar?
You are not a share holder. To think that means you have been duped by the big lie.
A bureaucrat effectively owns the shares. You have no voice in the matter at all.
The tyrant elected president is completely in control and is calling the shots. he knows you have no power whatsoever to counter his action.
He already has it, including the GPS weapons coordinates for your front door now.
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