Skip to comments.Thanks For The Bailout, Suckers! GM Builds A New Plant In China
Posted on 05/10/2013 3:33:32 AM PDT by lowbridge
As a general rule, corporations should be able to build plants where they want, whether its in America or elsewhere. Moreover, if they choose to go overseas, we should be asking, Why is that? Are our corporate taxes too high? Do we have too many regulations? Is there something else that we can do as a nation to be more business-friendly, to keep building plants here in America, so that we can employ more people and rake in more taxes?
However, its a little different with a company like General Motors.
Taxpayers lost more than 10 billion bailing out GM because Obama thinks its fine for his corporate allies to embrace capitalism on the way up and socialism on the way down. Now, GMs taking some of that money that it pilfered from us and its building a plant in China with it.
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Employing more Chinese is a TOP PRIORITY for Team Obama and Gubmint Motors.
Fewer UAW jobs. Sucks, huh?
Ah that “free” trade....that’s free for everyone but the US.
At least UAW wages stay in the country.
Didn’t see this coming
I used to own two GM products. However since Obama I now own a Jeep and a Ford and have no intention of ever owning another GM product.
I am car shopping and I told the used car dealer I didnt want to look at any “Government Motors” products- and he said “I hear that a lot”
Like a sinking rock.
The main reason any car company, or aircraft company, has built factories in China is cost. It’s cheaper to build the product for the Chinese market in China, and eliminates the issues with importing the items into China. If they started selling the cars produced there in America, at the cost of closing American plants, then there would be a problem. It’s good to see that they have some economic common sense to lower costs of producing cars for the Chinese market, by building them there.
Corporations should be allowed to what they like with their capital. That’s basic freedom of association. If America is toxic to capital, that’s not the fault of capital.
But this is a case of a company which exists today solely due to Government intervention. GM is a money-laundering scheme to use taxpayer funds to pay for immense pension liabilities and green shibboleths.
We shouldn’t be worrying about where they stick their damn plants. That’s besides the point.
GM is a toxic welfare parasite. American taxpayers should demand their money back and let the GM union scrabble for its bloated pensions in bankruptcy court.
Gee, so the whole cold war thing was bogus, we should have traded and support the Soviet Regime through out the 1950's 60's 70's and 80s. /SARCASM
And what "issues" would that be? Like draconian Chink import tariffs which Free Traders ignore? Hmmm?
At least their quality will improve.
Good for you!
Actually, this isn’t a trade issue. But nice try.
And when you see all those over paid union thugs buying properties where? Vacationing where? The Carribean. Their wages often do NOT stay in the country. Bailing them out destroys the economy too. You cannot defend the UAW and be anything even approaching a conservative.
This trade is going the other way, but you are too blind to even see it.
The cultists are out: they see free trade in every issue. They blame trade for everything, for Benghazi, for Monica Lewinsky, for gay marriage, for everything. They think everyone in favor of it is a Chinese agent. They are classic cultists.
The GM plant was opened in China to supplement those already there to supply the market.
You always manage to forget there is a big world out there. Were it not for China, GM would be dead.
The people of China thank their friends the American taxpayers for reducing the cost of cars for the Chinese people, and invite their good friends to come to China to buy the GM cars put together by Chinese workers!