So was GM nationalized or not?
Ok. I'll give in. According to this:
na·tion·al·ize (nsh-n-lz, nshn-)
tr.v. na·tion·al·ized, na·tion·al·iz·ing, na·tion·al·iz·es
1. To convert from private to governmental ownership and control: nationalize the steel industry.
One
could say that for a short period of time GM, and Chrysler,
may have been nationalized.
Much like when Reagan and Bush nationalized the savings and loans in the 80's and 90's, huh? Or, say, the steel mills, railroads, coal mines or even the Louisiana Purchase?
I don't consider "nationalization" to be a dirty word, no more than I would consider "liberal" or "teacher" a dirty word. Sometimes the government has to step in to prevent mass financial chaos, and both parties have been "guilty" of nationalizing private enterprises to achieve a common goal.
