Posted on 05/13/2011 12:21:24 PM PDT by george76
The latest investment is part of a $2 billion investment to create or retain more than 4,000 hourly and salaried jobs at 17 facilities in eight states.
That comes to $500,000 per job. Companies which operate in the free market consider investment as a way to yield a future profit. Government Motors looks at investment as a way to yield sustained future liabilities of employee compensation. GM is quickly heading the way of 20th Century Motors.
[Let’s make GM pay $3 billion dollars in taxes every year.]
Better yet, give all automakers an equal tax break.
It’s “Tyler Durden” of zerohedge. Only fools and Rush still trust him. He’s been caught spreading outright fake info.
It Figures - Government motors is now being run just like Obama’s federal government. Another “stimulus” run amock. It makes me ill to know that Obama’s administration spent billions - now gone with nothing to show but debt. Now Obama’s new car company is spending in the same fashion and, guess what, WE subsidized this fiasco! As distrusting as I am of this administration, I would not be surprised to find that this money isn’t going back into the GM factory but is heading to the 2012 “re-elect the Messiah” coffers.
AMEN!!
What is REAL interesting is how some folks manage to have FACTS that stare them in the face, and then they say, "But..." and go on their merry way.,
Ah...
Nothing to SHOW; but plenty to SAY!!!
(It's STILL Bushes fault!)
“As distrusting as I am of this administration, I would not be surprised to find that this money isn’t going back into the GM factory but is heading to the 2012 “re-elect the Messiah” coffers.”
It’s the biggest money-laundering scam in the history of the universe! (vitriol)
I think everything Obama has done is about money laundering. His so-called wealth that derives from book sales - money laundering. Stimulus - money given straight to unions- more money laundering. I suspect the Billion dollars he brags that he will raise is largely money coming back from unions that was put aside after the stimulus specifically for the 2012 fund. The entire stimulus was a unions get 80 percent and 20 Percent (or whatever percent) is put aside to re-elect “The One.” As much as Obama has stuck it to the taxpayers, we are going to be the ones funding his re-election campaign.
“As much as Obama has stuck it to the taxpayers, we are going to be the ones funding his re-election campaign.”
It seems unthinkable that this could go unchecked to the point that it succeeds again and again.
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