Posted on 11/17/2008 4:03:56 PM PST by Candybar
The best reply I got to this post was that the UAW Pension Fund should spend about $7 billion of their own money to buy all of the stock.
This would be a great investment for the auto workers as they would find out first hand what it is like to run a big corporation. They would learn some other things too. For example, they would learn how to deal with their own people.
In fact, the auto workers have essentially helped to run these corporations for many, many years. They have the knowledge and experience far beyond any that could be purchased in the labor market.
Barney Frank, Nancy Pelosi, Harry Reid and Obama open your eyes! This may be a great opportunity for the autoworkers which could be purchased for the pitterance of only about $7 billion! And after January 20, 2009, Mr. Obama, you could give them another $350 billion (the uncommitted amount that the big enchilada, Mr. Paulson, will be turning over to you).
This could be one helluva deal. Think of all the poor people you would be helping, Mr. Obama!
One last thing. A piece of advice for Mr. Obama. Don't turn to one of your financial advisors, the Oracle of Omaha. By not doing so, you would get all the credit for this!
No.
Wow! A trip down memory lane. There was a very good book written about that called "The wreck of the Penn Central". You read that and just shake your head at the abject stupidity involved in putting those two roads together.
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