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.
(Excerpt) Read more at rightwingnews.com ...
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!
We have an extremely open system.
What we do not pay enough attention to is, China has a very closed system. The opposite of ours.
While we are flooded with imports (mostly from China, which hires zero Americans making any of it) China is filled with domestic goods.
China makes stuff sold here.
And China makes stuff sold in China.
War is peace. Ignorance is strength. Freedom is slavery.
heh heh heh.....
At least UAW wages stay in the country.
Partly correct: Many parts are manufactured in, or are completely assembled in Canada.
I am glad the free traitors don’t have free reign over Free Republic anymore. It is heartening that the ones pinning Lady America to the floor while every country rapes her are getting flak......
Look the alternative to Union labor is not foreign labor.
That is just as bad. Worse even.
The alternative is other American labor.
What percent of manufacturing is done in the USA by union labor? Do you know?
BS. By transferring our industry and manufacturing to Red China Free Traitors have absolutely ruined this country. Even with high taxes, over regulation, and corrupt unions we had prosperity and those things could have been dealt with. But without plentiful, high paying, wealth creating jobs this country is finished. The people that deliberately did this to us need to be put on trial and punished.
China makes stuff sold here.
And China makes stuff sold in China.
And most of it is junk!
That's not the point.
They have power beyond their actual output. Way beyond what they should. That's why they invested so heavily in Bambi.
That's why they are so readily protected and rewarded by this "fair trade" anti-free trade administration. They put him in power, he keeps them in power. It's the Chicago Way.
But I guess you forgot that.......
Is that supposed to have meaning? What?...
I never said that.
Man, you are dense.
Had they not subcontracted production, sales would have evaporated. The companies would have died.
You don’t understand that the forces you deem as Free Trade are actually competition. If you chose not to compete, you end up not playing.
The American total dominance after WW II was anomaly, not normality.
Well do you know what the stats are? What the percent of manufacturing done by unionized workers?
Why do you think Boeing wasn't allowed to build a plant in a non union state? I notice you didn't answer that one.
And here I thought you were actually interested in non union jobs.......
In better times what happened in South Carolina and Boeing would have started secession and possibly Civil War II. These are not better times.
Giving taxpayer money to GM to open plants in China is not anything remotely related to “free trade” - it is government-sanctioned theft. It is a betrayal of not only taxpayers but of American union workers, who although they have no natural right to employment, have a right not to have their own government screw them.
How did they get that power?
Answer my question or we are done conversing.
I am so sick of this one big world bs. That mentality along with the Bush One World Order crowd has screwed this country. We don’t need to be one happy family. F the rest of the world. I am sick of giving money away in the form of gift, technology, and ideas. If you want to run a multi-country conglomeration then you do it without my tax dollars, period.
We should have never allowed foreign nationals to work or go to school in this country without some sort of stop gap to keep our intellectual property and assets here.
If these companies weren’t worried about growth at all costs and opening “new” markets and focusing on making business run here efficiently they we would not need to go offshore.
Here are the facts:
Manufacturing (in thousands ): Total employed: Unionized: Percent union: 13,599 1,424 10.5
The point you are trying to make isn't worthy of discussion without addressing what I said: Their power is far beyond what they actually do with their share of ouput.
First of all, you are NOT being pro American. America is an idea, not just a piece of real estate, and protecting business practices and unions and over whelming government is NOT BEING PRO AMERICAN. I TOTALLY REJECT AND RESENT YOUR BULLSHIT PREMISE. Stuff that is anti liberty that happens to take place on American soil IS NOT PRO AMERICAN.
I also resent the implication that being pro trade is being anti American. I have called you economically ignorant, and I stand by that, but I have never questioned your patriotism and you can just fk yourself if you really question mine. It is very very very telling that the anti traders blame EVERY problem on trade and call all pro traders as Anti American. That is proof of a weak intellectual argument.
CV can’t stay on topic, because she (he?) is emotionally tied to notions that logic will not impact. CV also thinks America is a piece of real estate, not an idea. It is a piece of real estate to be sure, but the more sacred part of America is the idea. When tyranny and central planning rules on the real estate, it is worthless. That’s a concept simply beyond the grasp of certain IQ levels.
There is no “one big happy family”. There are a near infinite number of competitors.
There can be no return to pristine precolumbian days nor to pre telex days not to pre 747 days nor pre fax days nor pre e mail/www days.
There is no return to some fanciful imagined pre global trade condition
However like GloBULL warming hoax, the Free Trade mantra is a religion. And you are one of the Free Republic high priest or priestesses?
This is so true. Trade is a fact of reality. Economics would be easier to figure without it, but unless the Muzzies get their way and bomb us all back in time several hundred years, globalization is here, period. That’s what the anti traders refuse to understand.
And yet Bert, I think they know it. I think that’s why they are so frothed at the mouth, and why they immediately try and claim the ‘pro America’ label and are so quick to apply the “Chinese masters” label, etc, to those who oppose them. It’s also why they blame every single econ problem on free trade, as if A: free trade has ever existed and B: as if that’s the only factor.
They know they are trying to run up a down escalator....they know reality is against them - they just can’t access enough econ IQ to understand that econs always work out better for more people when there is maximum liberty.
No, yours is the blind religion. You are the ones who go off the rails questioning patriotism and claiming Chinese masters and blaming every single problem on trade.
Pro traders never do that. We claim you are ignorant, and we stand by it, as would many more great conservative economists than you can shake a stick at, but we never claim anything is the magic bullet or the poison pill, and we never question your patriotsim.
You are the ones actling like classic Kool Aid cultists, including the very liberal ploy of PROJECTION!!!!!!!!!!!!!!!!!!!!!!!!