Market Forces ought to determine the Fate of the US Auto Industry – NOT intervention from a government saddled with a record deficit. While White House and congressional negotiators seek an Emergency Rescue for the US Auto Industry here’s what Keith Olbermann & Michael Moore had to say:
It’s looking More & More like All Common Stock Shareholders of GM & Ford are Going to Be Wiped Out – Zero – Zilch – Nada. First a Socialist Banking System – Now a Socialist Auto Business.
A government “Car Czar” will oversee the bailout – new corporate leadership and Concessions by the UAW United Auto Workers union.
Goodbye Free Market Economy Hello USSA : United Socialist States of America.