[Cmicasa the Great XvX]

Originally Posted by GrinderSS

go and buy 18% of the stocks offered in GM's IPO? Now we have an American company that has the following ownership:

45% American government
13% UAW
7% Canadian government
1% Chinese government
10% Former bond holders
24% Private investors

So, I have a question. How does the UAW reconcile the chi-coms owning a major stake in their company when chi-com labor is responsible for so many of their members being unemployed? Clearly the UAW leadership doesn't care about the American and Canadian men and women that makeup it's membership. The UAW seems complicit in reducing the American automotive industry workforce.

First... am I missing something in your math?? How does 1% =18%

Second... The UAW does not own a percentage of GM.. the UAW's Retirement Fund does.

Third... SAIC is a Public company.. and GM could certainly buy into them, but they already have several Joint Ventures with them.GM has controlling interest or equal partnership in all of these ventures.

Personally I think people get way to worked up about the CHINESE. They are 1.3 Billion with only about 670,000 Households considered Millionaires.

By contrast the United States has 306 Million people.. with 4,715,000 Household Millionaires...

If we wanted to buy up all industry in America we certainly could.. Instead.. we support Foreign companies like they are American.