As a general rule, corporations should be able to build plants where they want, whether it’s 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?
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Do you remember all the GM dealers that were shut down right after Obama was elected because they didn't support him. Just another kick in the face of the American people by Obama. Most Chinese won't buy GM cars as they are too big and the drivers can't can't see over the steering wheel.
ReplyDeleteMore examples of who is really running the US government, the one world order scum bags whose only true motivation is money and power. They just use clowns like Obama to do their bidding (or else).
ReplyDeleteI'm glad the word is getting out, but this is old news. As a requirement for getting bailout funds, GM had to agree to move production offshore to China and Brazil. It's in the bailout agreement.
ReplyDeleteEssentially, we put up our labor and our future to "save" GM by getting rid of American jobs. This is really worse than letting them go bankrupt, since it costs us more money to lose the jobs.
And let's not forget how bankruptcy law was ignored in the bailout. Unsecured creditors (like the worker's union) got a ton, while secured credits (bondholders like me) received nothing.