Looks to me like Wagoner is a wuss. He didn't have it in him to call the president on his position.

[RB TexLa]

Administration said you quit or else. He could have said "or else what," and hung up or walked out of the room. Was the president going to hold up the funds? Would he have really let GM die this week?

[Richard Steele]

1. M'kay....

:popcorn:

[geek tragedy]

2. GM lost $80 Billion under Wagoner during the last four years.

He was the one begging Obama for another suck at the federal teat.

[sandnsea]

3. Why doesn't anyone call this fascism

Seems to me the government taking over banks and industries is a step beyond fascism. I wonder what people would say if Bush were doing this.

Just trying to get people to think.

[Idealism]

4. You are equating nationalizing to fascism, which is not always the case, Ma'am

Fascism shares nationalization of corporations with Socialism, but the two are not the same. Fascist regimes have measures of Socialism in them, but the overlap ends there usually. Fascist states have centrally planned economies usually, controlled growth by the state, government monopolies on services, etc. where in Socialist states these things are absent.

Fascism is not an economic system, it is a totalitarian system with nationalization playing a part of its economic agenda. This nationalization does not define Fascism.

[sandnsea]

5. Of course they're not the same

But the potential for abuse of power is the same with both.

[Idealism]

6. Of course, no matter the system the abuse of power will always occur.

As evident by the collapse of our capitalist utopia, and the inadequacies and disparity that abound here.

[sandnsea]

12. Capitalist? You mean fascist

don't you? Didn't we get into this mess by putting our trust in Bill Clinton and not thinking about what would happen when the Presidency went over to a Republican. Do we want a Republican in charge of our banks and industries?

[geek tragedy]

16. Considering most of Obama's leftwing critics want him

to nationalize all of the big banks, this question strikes me as odd.

[sandnsea]

18. That's the odd part

Why is it horrible when Bush and banks are so cozy as to be the same thing, with Bush doing the bidding of the banks -- but somehow think it will be completely different if the government and banks are one and the same. Makes no sense to me at all.

[Idealism]

17. The US is not fascist, although there are some tendencies perhaps

On the whole it is still capitalistic, with heavy private investment and minimal public services.

This disaster has been in the making since Reagan, with each president having their own hand in it, Clinton included.

[geek tragedy]

10. Are you calling Hugo Chavez a 'fascist?; n.t

[HughMoran]

11. I'm sure the Freepyweepies are spinning it this way

...at least I wouldn't be surprised. It was a bit unnerving seeing Obama assuring GM owners that their warranties are good as the gubmint - lol.

[sandnsea]

13. I wouldn't know

But I am surprised at the glibness considering we got into this mess by not being cautious enough about what a Republican would do with laws a Democrat passed.

Yes, I thought that guaranteeing the warranties was interesing - considering the government is as bankrupt as GM.

[Brucie Kibbutz]

15. Is the govt. taking over banks or are the banks taking over the

government?

[Starry Messenger]

7. Quite?

[RB TexLa]

8. Changed it. I must have been too stupid to understand the difference between the two words.

[Starry Messenger]

9. I'm sure you do know.

I just wanted you to catch it before the edit time expired. We all make mistakes.

[nonconformist]

14. "Would he have really let GM die this week?"

I think the answer is yes.

He really didn't give them too much of a lease on life as it is.