No, not the public - we taxpayers - who actually are the new 'board' of these failing businesses. We won't have any sort of say-so or vote in how banks and auto factories are run. No, it will be whoever gets appointed by appointed committees to take over the running of those businesses. Yup, definitely more government. We all knew that when the asshole got elected POTUS.
But here's the kicker: Rumor has it that if those businesses ever do start to dig themselves out and turn a profit, the appointed overseers are supposed to take that money and apply it toward payback of the 'stimulus'.
I don't see it that way. As long as the gummint is running the show, they will keep running the show. Force these companies to do their bidding.
Those businesses will never revert back to total private ownership. Any money made will most likely go to "Administrative" and "Infrastructure" costs. And they'll point out that it's their job to run it, that they're doing their best, and it's all being done for the American people.
You poor bastards who thought you were going to be able to revive your multi-bazillion dollar salaries under Uncle Sam's wing? You're fucked.
And you know what sort of business managers our government traditionally has had. You're company is fucked too.
Update: I just remembered a quote from Samuel Adams:
“If you love wealth more than liberty, the tranquility of servitude better than the animating contest of freedom, depart from us in peace. We ask not your counsel nor your arms. Crouch down and lick the hand that feeds you. May your chains rest lightly upon you and may posterity forget that you were our countrymen.”I reckon we know where these folks stand.
- Samuel Adams