We really don't have the same definition of "nationalization", ya know. The way I see it, the state put them under tutelage because of their mismanagement, with all the intention of putting them back into business on the mid-term, when it will be sure that thousands of Americans won't lose their job because of the greed of the higher-ups.
Few people manage to pack so many wrong statements in so few words.
We really don't have the same definition of "nationalization", ya know.
Taken over by government, the government now owns them; the government dictates what they do. Up to and include the president of the USA firing the CEO of GM.
The way I see it, the state put them under tutelage
The government doesn't know how to run anything, what exactly are they going to teach them?
because of their mismanagement
The banks failed because the government forced them, by law, to make bad loans. The auto industry was being laden with union contracts that force its labor to be nearly twice as expensive as its competition; this is combined with laws protecting the environment and workers which also raise costs. It is not a bad thing to have such laws, but it requires protective tariffs, for years we had such tariffs. They were lifted (too quickly), without lifting the costly restrictions and regulations... this made companies uncompetitive. There was also an element of "mismanagement" there, because they did not invest enough in development of technology to keep up with the Asians manufacturers. That was many years (15+) ago with completely different management, in fact, the current management has been catching up to the Asians very rapidly and doing a great job in this regard; every year the gap got smaller.
with all the intention of putting them back into business on the mid-term
Even if it is their intention to eventually privatize those companies, it doesn’t change the fact that they did nationalize them.
when it will be sure that thousands of Americans won't lose their job
Then they find new jobs. Oh wait, they can’t! nationalizing companies and spending like crazy has devastated the market so everyone is losing jobs.
Besides which, chapter 11 would have meant the end of the unions and sustainable employment with those companies, not the loss of jobs. They would have still needed many employees. Once costs would be under control, they might have even more jobs offered.
because of the greed of the higher-ups.
See the retort to “because of their mismanagement”
And as far as I know, hospitals will still be runned by their private administration. Insurance business will be more competitive, but will still try to rival the government's alternative. This is a freaking long shot from socialised medicine, my good friend. You will still even be less socialised than the U.K...
Sigh… ok let’s do this.
And as far as I know, hospitals will still be runned by their private administration
If the government tells them exactly how to run it in a 2000 page law and via a variety of future legislation AND most importantly, “best practices” dictated by the government, then no, it isn’t run by their private administrators. It is run by the government with private puppet management.
Insurance business will be more competitive, but will still try to rival the government's alternative
Everyone going bankrupt is not “more competitive”… if you use taxpayer money to fund insurance, there will be only 1 insurance company, the USA. Which will cost more and provide less… the rich might (and current bills do ban it) be able to still buy their private quality insurance for much more money. But that wouldn’t really help much since the healthcare industry would be ravaged (not just the health insurance), meaning there isn’t care even if you can pay for it. Doctors will not be able to get away with only treating people with private insurance and rejecting all government patients.
This is a freaking long shot from socialised medicine
This WILL become socialized medicine really quickly. In fact, that is their whole points, various democrats publically stated that this is the plan.
You will still even be less socialised than the U.K...
Only difference between this and the UK, is that this is a stepwise process that will take a few years to transition to full socialism… also unlike the UK, this still doesn’t have tort reform, because democrats are getting too many bribes from trial lawyers.
As you notice in the original post, it just collapsed in Israel. It is in the same sorry state in Canada and Europe, and it has failed in the USA when tried by individual states (such as Hawaii and Massachusetts; and I hear a third one too, but I haven’t had time to look that one up).
