Friday, June 5, 2009

tidbit-Progressive Capitalism

Follow this-
1. His Presidency is elected.
2. Economic Crisis He must act.
3. GM is failing, Government gives it $$ billions.
4. GM still bleeds money.
5. Government gives even more $$ billions. Effectively bailing out the UAW and not the company.
6. GM files for bankruptcy.
7. His Administration runs GM; they think they can run GM better than businessmen, ie GM czar Deese.
8. The American Taxpayer is now backing GM.
9. The Government thinks it will become profitable with their leadership.
10. GM starts making money again; they believe.
11. Progressives now have a well of money to draw from for their "projects".

The scary part is that it might work.
Think Chinese leaning toward Capitalism, sort of.

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