Nationalization American Style

Since nationalizing industry has never been a phenomena in America it would stand to reason that we would copy the successful efforts of other banana republics that did perpetrate these deeds. You know, go in and shoot any of the management that didn't really want to go along with the new regime and then make an announcement in the state run media that in the interest of the people the government of The Peoples Republic of Obamas ooooops Bananas is now in charge of widget manufacturing. That would be the efficient and cost effective way of going about it.

Did The Peoples Republic of Obama do this? OOohhhh no! First the ailing Government Motors is loaned 15 billion dollars to "get over the hump" so that restructuring may commence. Then today a news story breaks that the healthy assets of the company are going to be sold to a new company that will initially be owned by the government of The Peoples Republic of Obama! This will be so that the secured creditors may get their 6 billion dollars, of which the people of The Peoples Republic of Obama (henceforth known as TPRO) is not one of. The government of TPRO is going to forgive the 15 billion dollars that it has already "loaned" to Government Motors.

In addition to this Benny Hill attempt at nationalization the government of TPRO is going to give the union and bondholders of General Motors stakes in the new Government Motors. At the very least this is going to create a very large and compliant block of voters that will be grateful that El Douche the Supreme Leader of TPRO rode in on his donkey and saved them. Viva El Douche! Viva El Douche!

Someone with far more time and connections needs to start following the money trails. Do not listen to Rush Limprod, Shame Hannity, Man Coulter or any other republican mouth piece as they were complicit with the government shenanigans when all of this started on Comrade Bush's watch. The following link will take you to the breaking story on REUTERS.