[Cmicasa the Great XvX]

Originally Posted by GrinderSS

Read my statement carefully...SAIC bought 18% of the stock offered in the IPO which equates to 1% ownership of all GM stock.

If you think any Chinese company is not ultimately controlled by the Chi-com government then I have a bridge in Brooklyn to sell you.

What does the relative number of American and Chinese wealthy people have to do with anything? If you're using those stats to minimize the economic strength of China, you're misguided and comparing apples to oranges. The Chi-com government controls the wealth in that country, the majority of it does not make it's way to the common Chinese citizen. As such, the chi-com government has used that wealth (earned on the backs of it's perpetually poor citizens) invested immensely in its military and is broadening it's international economic influence.

On #1... gotcha... I misread that part.. but still I don't see the big deal with them buying 1% of GM TOTAL stock... that GM shopped to them.. as they did several others.


#2... while GM is currently run by GM's board... the UNITED STATES Government owns a majority stake in the company... As a Veteran I can attest to the fact that we carry a bigger stick than they do. Make no mistake about it...

#3... the relative number of Americans with household wealth over $1 Mil. vs the Chinese number is relevant because the it shows that the SKY is not falling.. and America is still the Big Dog on the Street.

Check the names on all those products coming outta China into this country.. Companies like Dell, Apple, Fisher Price, etc are American.. and no one is holding a gun to their heads making them outsource labor to those "poor citizens."