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How come Conservatives now refer to GM as "Government Motors" because of the bailout, but...?
...but never refer to all of the subsidized farms or oil companies as "Government Oil" or "Government Crops".
It just seems a little bit inconsistent to me. And I'm against bailouts and all corporate subsidies, by the way.
@Little Princess
As of 2012, the US government only owns 19% of GM shares, down from 26% in 2010 and decreasing.
5 Answers
- ?Lv 68 years agoFavorite Answer
Subsidies are not quite the same thing as a "bailout"..... That said, I hate them both!
Republican politicians and Democrat politicians = Criminals (mostly)
Ron Paul 4 life!
- xpatinasiaLv 78 years ago
Because conservatives hate America. Oh, look! The government has sold its stock back to GM. Another moot point.
- Larry GLv 68 years ago
as of the bailout the government owns most of General Motors ..Whose proud Uaw workers assemble that junk here in America out of parts made by slave labor and guess what we pay thousands for it like fools .. IF i ever buy another new car i don't want the parts nor the assembly labor to be done in America because as far as i am concerned the american car industry is dead as i knew it and they don't care so niether do i
- Little PrincessLv 78 years ago
The government is the primary stockholder of GM. They appoint all the executives at GM. GM does their bidding.
If it walks like a duck and if it quacks like a duck...
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- Smarter Then YouLv 68 years ago
Of course none of Rush Limbaugh's tea drinkers can respond to this. Maybe they know what "hypocrite" means after all.