The treasury department is resisting General Motors' push for the government to sell off its stake in the automobile maker, according to the Wall Street Journal. Following a $50 billion bailout in 2009, the government now owns almost 27% of the company. The newspaper said GM's executives are chafing that and it hurts its reputation to lure top talent due to pay restrictions.
Of course, I'm not surprised the government doesn't want to remove its hand from General Motors. The government is all about control. Our federal government is doing nothing but working to destroy capitalism. The transformation from America as a capitalist nation to a socialist nation is almost complete.
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