Lamar Alexander

This is a rush transcript from "Your World With Neil Cavuto," June 4, 2009. This copy may not be in its final form and may be updated.NEIL CAVUTO, HOST: All right, well, we know that the government is going to own 60 percent of the new GM and a chunk of Chrysler, but what do you get for that?My next guest has a plan of sorts here — actually, it is not of sorts — it is a plan — to give taxpayers a piece of the action, all the shares of GM and Chrysler, stock. Then, instead of answering to Washington, the automakers will answer to you, to us.Lamar Alexander, Republican senator from Tennessee.Senator, good to have you.This — this is a novel idea. I guess we do own a chunk of it. We might as well have the proof, right?SEN. LAMAR ALEXANDER (R), TENNESSEE: Yes, instead of having it in the name of your government, you have it in your own name.• Video: Watch Neil's Cavuto's interviewAfter GM comes out of bankruptcy, the — the government will own about 60 percent of it, and about 8 percent of C...

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