Give Americans Their Shares

According to a New York Times, Monday, January 31 report; the United States, Canada, an insurance company, and bond holders now own GM.

http://topics.nytimes.com/top/news/business/companies/general_motors_corporation/index.html

"The bankruptcy process was completed on July 10, when G.M. sold its good assets to a new, government-owned company. Brands like Chevrolet, Cadillac and GMC were folded into the new company, renamed the General Motors Company. The federal government holds nearly 61 percent of the new company, with the Canadian government, a health care trust for the United Auto Workers union and bondholders owning the balance."


Government ownership of corporations is not a good idea because government is supposed to be the watchdog of corporations.  Who will now watch the government watch itself?


Here is a simple plan that I advocate for remedying this problematic situation. Since the government borrowed money on the assets of America/Americans to purchase GM, let the government now distribute its 61 percent of GM shares evenly among the American Citizenry. This way Americans will own the controlling shares of GM and Americans can push GM to produce the water powered car(s) that it has bought the rights to over the last few decades.



Americans citizens controlling a major US automaker  = Good!


Americans no longer dependent on oil for transportation = Very Good!