Free Republic
Browse · Search
News/Activism
Topics · Post Article

Skip to comments.

Thanks For The Bailout Suckers; GM to invest extra $540 million in Mexico to build motors
RedWhiteandBlue News ^ | May 19, 2011

Posted on 05/19/2011 12:46:02 PM PDT by La Lydia

US giant General Motors will invest $540 million to produce two low-emission motors in central Mexico, the company announced here Thursday, accompanied by President Felipe Calderon. The latest project for GM in Mexico would create 500 direct and another 500 indirect jobs in its plant in Toluca, Calderon said. GM has four plants in Mexico, and has invested some $5 billion here since 2006, Calderon said.

GM was left reeling by an industry slump when the global economic crisis hit. It received $49.5 billion from the US Treasury and emerged from a bankruptcy restructuring in 2009. It successfully returned to public trading last November by raising $23.1 billion in an initial stock offering — the largest in history.


TOPICS: Business/Economy; Constitution/Conservatism; Mexico; Politics/Elections
KEYWORDS: antiamerican; enemywithin; marxism; obama; socialism; spreadaround; taxes
So now the mission of General Motors is to provide jobs in Mexico. And I guess that's the mission of our tax dollars, apparently.
1 posted on 05/19/2011 12:46:10 PM PDT by La Lydia
[ Post Reply | Private Reply | View Replies]

To: La Lydia

Why doesn’t GM invest that money in plants here? Barack frequently talks about building up our manufacturing and creating jobs here in America. Considering that Barack controls this company, why does he allow GM to invest in Mexico instead? Just asking.


2 posted on 05/19/2011 12:49:53 PM PDT by Dilbert San Diego
[ Post Reply | Private Reply | To 1 | View Replies]

To: La Lydia

Brilliant! The retired GM workers get to keep their pensions (screw the former bond holders) AND GM makes billions in Mexico and pays no taxes.

I thought Crony Capitalism was a Republican problem.


3 posted on 05/19/2011 12:53:19 PM PDT by poobear (FACTS - the turd in the punch bowl of liberal thought!)
[ Post Reply | Private Reply | To 1 | View Replies]

To: La Lydia

I hope this will offend GM’s few remaining supporters enough that everyone boycotts this company. GM needs to die for their crimes against the rightful claimants who were stiffed in the bailout. Contract law, bankruptcy law, and centuries of common law should have been respected, and they weren’t. I am boycotting GM forever, and I hope this stunt will convince others to join me.


4 posted on 05/19/2011 12:54:36 PM PDT by Pollster1 (Natural born citizen of the USA, with the birth certificate to prove it)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Pollster1

I don’t understand the problem. GM is simply doing what every other multinational has been doing for decades, screw the U.S. Whey would we expect any different?


5 posted on 05/19/2011 12:56:03 PM PDT by DonaldC (A nation cannot stand in the absence of religious principle.)
[ Post Reply | Private Reply | To 4 | View Replies]

To: La Lydia

I too am boycotting GM forever, that is until the end of the world on May 21, 2011. After that I’m planning on purchasing a set of wings.


6 posted on 05/19/2011 12:56:30 PM PDT by Revolting cat! (Let us prey!)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Dilbert San Diego

Because the union labor is too expensive to pay for up here, so the sole purpose is to pay for UAW pensions and benefits, which using a real business model, clearly inidcates they want to make money by using cheap Mexican labor with no environmental regulations.

Lib logic. Scream of outsoucing and then have your Marxist Muslim send US dollars to help Mexico and kill American jobs.

Ain’t Zero and the Dems great!


7 posted on 05/19/2011 12:57:07 PM PDT by wac3rd (Somewhere in Hell, Ted Kennedy snickers....)
[ Post Reply | Private Reply | To 2 | View Replies]

To: La Lydia

Obama wants to redistribute our wealth globally. I dont think the many Obama voters get that he means from them also.


8 posted on 05/19/2011 1:01:34 PM PDT by opentalk
[ Post Reply | Private Reply | To 1 | View Replies]

To: Revolting cat!

“I too am boycotting GM forever, that is until the end of the world on May 21, 2011. “

Any idea what time? I don’t want to miss it.


9 posted on 05/19/2011 1:04:38 PM PDT by brownsfan (I miss the America I grew up in.)
[ Post Reply | Private Reply | To 6 | View Replies]

To: La Lydia

BO and his battalion of nit-pickers in the EPA are trying to shut down all oil and gas production in the USA, while Government Motors builds cars in Mexico, where there are no meaningful environmental laws.

You’d think that the Leftists in the Sierra Club, Nature Conservancy, Audubon Society, National Wildlife Federation, Green Peace, etc. etc. would notice, but nary a peep out of these hypocrites when a fellow traveler is in office.


10 posted on 05/19/2011 1:05:18 PM PDT by kittymyrib
[ Post Reply | Private Reply | To 1 | View Replies]

To: Revolting cat!

I think the wings are complimentary.


11 posted on 05/19/2011 1:05:26 PM PDT by La Lydia ("California: When the parasites outnumber the hosts, it's all over.")
[ Post Reply | Private Reply | To 6 | View Replies]

To: La Lydia; Revolting cat!
I think the wings are complimentary.

Only if you were good.

12 posted on 05/19/2011 1:08:31 PM PDT by Alex Murphy (Posting news feeds, making eyes bleed: he's hated on seven continents)
[ Post Reply | Private Reply | To 11 | View Replies]

To: brownsfan

http://www.freerepublic.com/focus/news/2721730/posts?page=49#49


13 posted on 05/19/2011 1:08:44 PM PDT by Revolting cat! (Let us prey!)
[ Post Reply | Private Reply | To 9 | View Replies]

To: Alex Murphy

For the bad, “Wings sold separately,” I suppose.


14 posted on 05/19/2011 1:13:02 PM PDT by La Lydia ("California: When the parasites outnumber the hosts, it's all over.")
[ Post Reply | Private Reply | To 12 | View Replies]

To: La Lydia

Time to buy REAL American cars!

Toyota-Made in Kentucky
Nissan-Made in Tennessee
BMW-Some Models made in South Carolina
Honda-Made in Ohio

Face it, many of the so-called foreign car companies have their cars made here in America!


15 posted on 05/19/2011 1:14:29 PM PDT by getarope (Paddle faster, I hear banjo music!)
[ Post Reply | Private Reply | To 1 | View Replies]

To: DonaldC
I don’t understand the problem. GM is simply doing what every other multinational has been doing for decades, screw the U.S. Whey would we expect any different?

In terms of moving jobs to a cheaper workforce, that's between the willing buyer and the willing seller in a free market, and as a consumer I sometimes have an issue with moving those jobs (and sometimes I don't). In terms of using the force of "law" to steal massive amounts of money from those who had rightful claims to the old GM's assets and to distribute that money to supporters of Pelosi, Obama, and the other socialists (or of any other corrupt politicians of either party), I have a huge problem with that criminal enterprise. GM and its bought and paid for crooks in office committed a capital crime, and the new GM must die for that offense. There is no forgiveness for corporate corruption at that level, which is different from the typical multinational indifference.

16 posted on 05/19/2011 1:16:26 PM PDT by Pollster1 (Natural born citizen of the USA, with the birth certificate to prove it)
[ Post Reply | Private Reply | To 5 | View Replies]

To: Revolting cat!

No one gives an exact time. I hope I don’t sleep through it. I’d hate to wake up dead.


17 posted on 05/19/2011 1:31:15 PM PDT by brownsfan (I miss the America I grew up in.)
[ Post Reply | Private Reply | To 13 | View Replies]

To: La Lydia

Is the NLRB too busy harassing Boeing to bother with this?


18 posted on 05/19/2011 2:11:51 PM PDT by mikey_hates_everything
[ Post Reply | Private Reply | To 1 | View Replies]

To: La Lydia

“By the way, thanks for the fish”.


19 posted on 05/19/2011 2:28:38 PM PDT by JusPasenThru (HEY UNION MEMBER: INVEST IN YOUR OWN DAMN INFRASTRUCTURE FOR A CHANGE!)
[ Post Reply | Private Reply | To 1 | View Replies]

To: La Lydia

It just doesn’t stop with this guy.


20 posted on 05/19/2011 2:31:38 PM PDT by Beckwith (A "natural born citizen" -- two American citizen parents and born in the USA.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: poobear

At least with crony capitalism there is still trade going on. This is a black hole for tax money.


21 posted on 05/19/2011 2:35:43 PM PDT by HiTech RedNeck (Hawk)
[ Post Reply | Private Reply | To 3 | View Replies]

To: La Lydia

GE closes plant that makes incandescent light bulbs here laying off 35,000 and opens plant in China creating 45,000 jobs. Meanwhile Boeing wants to open a plant in a right to work state employing 2000 and zero and his criminals say no you cant. CAN ANYONE PLEASE TELL ME WHY WE ARE NOT CLOSING DOWN DC AND DEMAND A REGIME CHANGE?


22 posted on 05/19/2011 3:35:07 PM PDT by ronnie raygun (V)
[ Post Reply | Private Reply | To 1 | View Replies]

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.

Free Republic
Browse · Search
News/Activism
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson