Let’s get this straight: the US government through the funds of the American taxpayer have given GM over $10 billion in bailout funds (lower range estimate). In turn, General Motors is closing over 1,100 of it’s dealerships and plans to move factories to China to export cars to United States.
Did the United States government just pay over 10 billion dollars to General Motors to close 20% of it’s American dealerships and outsource American jobs to China? What kind of fucking investment is that?
See Also: GM Nears Crucial Deal With UAW, Another Body Blow, What Did Your Bailout Money Buy You?: GM to Import Chinese Cars, Newt Gingrich takes on car companies, Does GM need saving?, Obama Stabs UAW in the Back, Chrysler, GM and the New Industrial Policy, Obama Bailouts Help General Motors Export Jobs To China, and Adding insult to injury, GM will import cars from China.
Technorati Tags: bailout of general motors, american government, factories to china, closing of 1, 100 dealerships in america, gm dealerships, gm factories, outsourcing factories
Government bailout = $10 billion
Building a new state of the art automotive plant = $4 billion
Getting paid by U.S. taxpayers to outsource their jobs to China = Priceless.