Evidence that Lamar Alexander is the Best Senator in Congress: He Wants to Give Shares of GM Stock to Taxpayers!

Now this is why Lamar Alexander needs to run for President in 2012.

After GM comes out of bankruptcy, the — the government will own about 60 percent of it, and about 8 percent of Chrysler. And taxpayers have paid $50 billion for that GM stock. So, I'm introducing legislation, along with some other senators, that say, within a year, give the stock to any American who paid taxes on April 15. So, you would end up with a few shares of GM stock, and the government would stop meddling.

I am damning GM as Government Motors but Alexanders plan will make it into Taxpayer Motors. Suddenly, we would *all* have a stake in seeing GM succeed since we will all be actual shareholders in the new company. Senator Alexander's plan is to think of that $50 billion of bailout money as an investment made by the US Government on behalf of the US Taxpayer.

Lets say they issue these New GM shares to tax payers at $.10 par value (so that we don't have trillions of shares out there.) That would mean that every American will receive 1,380 shares of GM stock. Round that down to 1,250 shares and use the excess to pay to setup and administer these investment accounts (I can see Blackrock doing it.)

We should also receive shares of the relaunched versions of AIG, Citigroup, Fannie and Freddie that would be proportionate to the amount of bailout cashola that was paid out to the company. Suddenly all 380 million Americans will enter the investment class.

If you attach a decent dividend to the shares it will act as an immediate stimulus to the tune of a few hundred dollars a quarter. Also if GM again reaches its 52 week high of $38.27 a share (which it hit in summer of 2007) Americans will suddenly be $47,837 richer if they sell the stock. That is enough for a brand new Cadillac SRX. Lamar Alexander in 2012 is "Change I can believe in (and get paid dividends for as well.")