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Monday, August 20, 2012
General Motors becoming China Motors?
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2 comments:
Anonymous
said...
Reince Prebus bashing Obama. Shocking. I liked the part about the $35 billion in stimulus money going to alternative energy start up companies. How many BILLIONS of dollars in tax payer subsidized "incentives" has big oil received while making record profits the past couple of years? A lot more than $35 billion. earlier today you quoted Trump. Nowq you're running columns by Reince Prebus. Are you sure you're not an Obama plant?
Moreover... the auto industry is GLOBAL. GM has done a very good job of establishing manufacturing relationships in emerging markets; China is enormous compared to US sales. What they are doing in China is exactly what Toyota and Honda did in the USA over the last 30 years. There's nothing sinister, just global business.
BTW, the stimulus package and loan guarantees to the auto industry were two very different things. We've been repaid and made a profit on the latter, while saving hundreds of thousands of jobs. This bit of typical sophistry supplied by the RNC is long on scary conflation, but short on facts.
2 comments:
Reince Prebus bashing Obama. Shocking.
I liked the part about the $35 billion in stimulus money going to alternative energy start up companies.
How many BILLIONS of dollars in tax payer subsidized "incentives" has big oil received while making record profits the past couple of years?
A lot more than $35 billion.
earlier today you quoted Trump. Nowq you're running columns by Reince Prebus. Are you sure you're not an Obama plant?
Moreover... the auto industry is GLOBAL. GM has done a very good job of establishing manufacturing relationships in emerging markets; China is enormous compared to US sales. What they are doing in China is exactly what Toyota and Honda did in the USA over the last 30 years. There's nothing sinister, just global business.
BTW, the stimulus package and loan guarantees to the auto industry were two very different things. We've been repaid and made a profit on the latter, while saving hundreds of thousands of jobs. This bit of typical sophistry supplied by the RNC is long on scary conflation, but short on facts.
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