If the taxpayers of this country assume greater control in Citigroup or General Motors, it might "trigger" their removal from the Dow Jones Index. Sounds reasonable to me. Government-operated one-private businesses should be de-listed. The DOW should be for privately operated companies.
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What others are saying
Killing the Golden Goose
I would be willing to bet you people do not realize government does not PRODUCE a single penny. Most fail to see that government is FUNDED by taxpayers. And finally, the greatest percentage of this funding is paid by wealthy individuals.
Punishing those who bear most of the tax burden is not only impractical, it’s truly insane. Obama is killing the golden goose and the little people (like myself) could never afford to absorb the tax void if wealthy Americans move their business over seas.
GM/Citi
They should both go bankrupt IMO. GM should move all their factories to other countries out of the reach of the unions as well....then they could turn a profit without promoting laziness.
stocks
A few years ago, when a suggestion was made to put peoples social security money in the market it was deemed an awful idea and way too much risk by the Bush administration. Now we are not even asked about whether we would like to purchase stock in CITI and others but the tax payers are on the hook with failing companies anyway!
The DOW is a private entity.
The Dow is a private entity... for now. They can keep and drop who they want. However, leave it to B. Hussein Obama to come in and bail them out. Oh for you leftists out there who are going to say, "It started with Bush!!", remember it was a bad for Bush to do it and it is a bad idea for Obama to do it. (The authority for the US Federal Government to do this was not granted in the US Constitution.)
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