http://finance.yahoo.com/…

In a defining moment for American capitalism, President Barack Obama ushered General Motors Corp. into bankruptcy protection Monday and put the government behind the wheel of the company that once symbolized the nation’s economic muscle.

The fallen giant, the largest U.S. industrial company ever to enter bankruptcy, is shedding some 21,000 jobs and 2,600 dealers. Sparing few communities, the retrenchment amounts to one-third of its U.S. work force and 40 percent of its dealerships.

“We are acting as reluctant shareholders because that is the only way to help GM succeed,” Obama said of the temporary nationalization of the 100-year-old company.

Obama lauded what he called a “viable, achievable plan that will give this iconic American company a chance to rise again” as GM followed Chrysler LLC into bankruptcy court. Of Detroit’s “Big Three” automakers, only Ford Motor Corp. has avoided bankruptcy restructuring and has not taken federal bailout money.

H/T to Mish for the comparison and therefore title.

http://freedomwatchonfox.com/…

This week’s “Freedom Watch” is a special episode, totally driven by your feedback!

Guests: Rep Ron Paul, Daniel Hannan, Lew Rockwell, Jason Sorens, R.J. Harris, Cody Willard & Shelly Roche.

Topics, as voted on by you: Right to record; Reporters getting arrested everywhere! Free State Project, Secession, Nationalization and much, much more.

Lets hope Sam Dodson gets brought up.

Tune in live at http://interactive.foxnews.com/livestream/live.html?chanId=3

I’ll post the YouTube version when available.

http://newsbusters.org/…

Maher ended his show with another stirring solution to the financial crisis: executing two random rich guys to set an example: “If we killed two random, rich greedy pigs; blew them up at halftime at next year’s Super Bowl. Or left them hanging on the big board at the New York Stock Exchange, you know, as a warning, with their balls in their mouths, I think it would really make everyone else sit up and take notice.”

When it came to Maher’s panel discussion guests, Chrystia Freeland of the Financial Times sounded more leftist than fellow guest Maxine Waters. First, she denounced Ron Paul’s economics: “There is this very extremist economic view, they call it the Austrian School – ‘these companies got in trouble, we should be absolutist free marketeers.’ But would you like to live in a country where economic activity ground to a halt? I think it’s too risky an operation to try.”

That’s not to say Freeland wasn’t for a radical solution, but she wanted it to be socialist. “We have an insufficiently radical economic policy, particularly vis a vis the banking sector,” as she wished for nationalization.

Then, after she praised the president for talking in dark terms about the economy, she followed with this stunning journalistic admission: “It’s important to prepare the ground for radical government action. It’s a radical problem….It’s really time for the government to come in and radically clean things up, and that’s what people were expecting Obama to do.”

Advocating murder and perhaps total destruction of freedom. That would have been enough for me to cancel HBO if I was a subscriber.

http://www.lewrockwell.com/…

You Are Definitely Not Welcome, Chrysler

Posted by Manuel Lora at December 30, 2008 07:57 PM
I just saw this Chrysler ad on CNN.com, thanking “America” for its nationalization.

So let’s see. A bankrupt company gets taxpayer aid and uses some of it to take out ads thanking the victims of taxation. Right…

http://www.lewrockwell.com/…

Venezuela’s socialist president, Hugo Chavez, knows a fellow leftist when he sees one:

Chavez, who calls capitalism an evil and ex-Cuban leader Fidel Castro his mentor, ridiculed Bush for his plan for the federal government to take equity in American banks despite the U.S. right-wing’s criticism of Venezuelan nationalizations.”Bush is to the left of me now,” Chavez told an audience of international intellectuals debating the benefits of socialism. “Comrade Bush announced he will buy shares in private banks.”

It’s pretty hard to argue with ol’ Hugo’s observations. (Link via Drudge.)

I don’t know that he’s left of Chavez… but he’s trying.