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Your tax $ bailed out GM, so how does GM return the favor...

unsungunsung I stopped by on March 7 2024. First time in many years, had to update payment info. Hope all is well. Politicians suck. Bye. Posts: 9,487
edited January 2011 in A Moving Train
...by investing $540M to build engines in Mexico and create 1000 jobs there.

http://economictimes.indiatimes.com/new ... 331881.cms

Where is the accountability? These US politicians that signed the bailouts sure got duped, heck the entire US taxpayer system got duped. Companies that were bailed out with US tax dollars should have been forced to invest in the US. That is not too much to ask.
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  • ed243421ed243421 Posts: 7,672
    it's called capitalism, dude
    everything's gonna be alright
    right?
    The whole world will be different soon... - EV
    RED ROCKS 6-19-95
    AUGUSTA 9-26-96
    MANSFIELD 9-15-98
    BOSTON 9-29-04
    BOSTON 5-25-06
    MANSFIELD 6-30-08
    EV SOLO BOSTON 8-01-08
    BOSTON 5-17-10
    EV SOLO BOSTON 6-16-11
    PJ20 9-3-11
    PJ20 9-4-11
    WRIGLEY 7-19-13
    WORCESTER 10-15-13
    WORCESTER 10-16-13
    HARTFORD 10-25-13









  • Godfather.Godfather. Posts: 12,504
    the company I work for is opening plants in Poland,China and a few other places and what that means to us the workers is more lay offs and out sourcing...ain't that peach !

    Godfather.
  • ed243421ed243421 Posts: 7,672
    Godfather. wrote:
    the company I work for is opening plants in Poland,China and a few other places and what that means to us the workers is more lay offs and out sourcing...ain't that peach !

    Godfather.

    just think of all the money they will save
    gimme a c
    gimme an apitalism
    whaddaya get

    fucked
    The whole world will be different soon... - EV
    RED ROCKS 6-19-95
    AUGUSTA 9-26-96
    MANSFIELD 9-15-98
    BOSTON 9-29-04
    BOSTON 5-25-06
    MANSFIELD 6-30-08
    EV SOLO BOSTON 8-01-08
    BOSTON 5-17-10
    EV SOLO BOSTON 6-16-11
    PJ20 9-3-11
    PJ20 9-4-11
    WRIGLEY 7-19-13
    WORCESTER 10-15-13
    WORCESTER 10-16-13
    HARTFORD 10-25-13









  • VINNY GOOMBAVINNY GOOMBA Posts: 1,818
    ed243421 wrote:
    it's called capitalism, dude
    everything's gonna be alright
    right?

    No one gets bailed out by the government in capitalism.

    The American economy is corporatism, or economic fascism.
  • blackredyellowblackredyellow Posts: 5,889
    GM is doing a good job of returning the bail out money... if they can save money by building engines in Mexico, then their stock price can rise and the US taxpayers can make a profit on their investment.

    I'm not saying that I agree with moving some production out of the country, but we (as citizens, taxpayers, bitchers & moaners) can't have it both ways... We want affordable prices, we cry about bailouts and say that the car companies should cut expenses to save money instead of needing gov't money, after bailouts we just want our tax money back, and we don't want outsourcing... All of those things can't seem to happen together.
    My whole life
    was like a picture
    of a sunny day
    “We can complain because rose bushes have thorns, or rejoice because thorn bushes have roses.”
    ― Abraham Lincoln
  • unsungunsung I stopped by on March 7 2024. First time in many years, had to update payment info. Hope all is well. Politicians suck. Bye. Posts: 9,487
    I'd pay more, and I often gladly do, for US made goods. I look at EVERY label. Yes, some things are impossible to find made in US, but most are not.

    US taxpayer dollars should have been invested for US taxpayer jobs. I'll never buy another GM product again.
  • know1know1 Posts: 6,794
    The issue is the initial bailouts and not the fact that GM might be opening a plant in Mexico. The politicians should be fired.
    The only people we should try to get even with...
    ...are those who've helped us.

    Right 'round the corner could be bigger than ourselves.
  • caifan82caifan82 Mexico City Posts: 321
    I'm not sure I understand this complaint... I'm pretty sure Toyota, Honda, Volkswagen, Nissan, etc... all have a gazillion plants in the US. Hell, even Grupo Modelo (Mexican brewery - Corona) has a plant in the US...
    Isn't the US the champion of free market in the world? What I'm reading is that some people would be ok with all those foreign companies just leaving the US (along with the jobs they provide) as long as no US companies invest in other countries? Isn't that against pretty much everything the US stands for? I'm just asking, since I don't live there...
    Mexico City - July 17th 2003
    Mexico City - July 18th 2003
    Mexico City - July 19th 2003
    Monterrey - December 7th 2005
    Mexico City - December 9th 2005
    Mexico City - December 10th 2005
    Mexico City - November 24th 2011
  • inmytreeinmytree Posts: 4,741
    unsung wrote:
    ...by investing $540M to build engines in Mexico and create 1000 jobs there.

    http://economictimes.indiatimes.com/new ... 331881.cms

    Where is the accountability? These US politicians that signed the bailouts sure got duped, heck the entire US taxpayer system got duped. Companies that were bailed out with US tax dollars should have been forced to invest in the US. That is not too much to ask.

    the Free Market has spoken...

    I find it funny that many who support the "free market" get upset over things like this...

    Tell me about this "accountability" you seek...what are you looking for...?

    I wonder, if they opened a plant in the US, and it didn't do well...would you complain then...?
  • mikepegg44mikepegg44 Posts: 3,353
    inmytree wrote:
    unsung wrote:
    ...by investing $540M to build engines in Mexico and create 1000 jobs there.

    http://economictimes.indiatimes.com/new ... 331881.cms

    Where is the accountability? These US politicians that signed the bailouts sure got duped, heck the entire US taxpayer system got duped. Companies that were bailed out with US tax dollars should have been forced to invest in the US. That is not too much to ask.

    the Free Market has spoken...

    I find it funny that many who support the "free market" get upset over things like this...

    Tell me about this "accountability" you seek...what are you looking for...?

    I wonder, if they opened a plant in the US, and it didn't do well...would you complain then...?


    the free market doesn't bail out failing businesses.
    that’s right! Can’t we all just get together and focus on our real enemies: monogamous gays and stem cells… - Ned Flanders
    It is terrifying when you are too stupid to know who is dumb
    - Joe Rogan
  • Kel VarnsenKel Varnsen Posts: 1,952
    Doesn’t new GM plants in Mexico mean more jobs available for Mexicans and less potential immigrants sneaking across the border into the US?
  • mrveddersonmrvedderson Posts: 784
    caifan82 wrote:
    I'm not sure I understand this complaint... I'm pretty sure Toyota, Honda, Volkswagen, Nissan, etc... all have a gazillion plants in the US. Hell, even Grupo Modelo (Mexican brewery - Corona) has a plant in the US...
    Isn't the US the champion of free market in the world? What I'm reading is that some people would be ok with all those foreign companies just leaving the US (along with the jobs they provide) as long as no US companies invest in other countries? Isn't that against pretty much everything the US stands for? I'm just asking, since I don't live there...


    What he said, except I live here. If autoworkers didn't think that they needed 60 an hour to watch a machine do some work.........grumble....mumble......
  • blackredyellowblackredyellow Posts: 5,889
    caifan82 wrote:
    I'm not sure I understand this complaint... I'm pretty sure Toyota, Honda, Volkswagen, Nissan, etc... all have a gazillion plants in the US. Hell, even Grupo Modelo (Mexican brewery - Corona) has a plant in the US...
    Isn't the US the champion of free market in the world? What I'm reading is that some people would be ok with all those foreign companies just leaving the US (along with the jobs they provide) as long as no US companies invest in other countries? Isn't that against pretty much everything the US stands for? I'm just asking, since I don't live there...

    Very true... Hyundai spent $1.4 billion in bringing a plant to Alabama, and has provided 2,500 jobs (numbers from their website)... we welcome them with open arms and give them all of the tax breaks and protections from unions that we can. But God forbid a US company wants to open a plant somewhere...
    My whole life
    was like a picture
    of a sunny day
    “We can complain because rose bushes have thorns, or rejoice because thorn bushes have roses.”
    ― Abraham Lincoln
  • satansbedsatansbed Posts: 2,139
    and there is now a thousand less potential immigrants
  • inmytreeinmytree Posts: 4,741
    mikepegg44 wrote:
    inmytree wrote:
    unsung wrote:
    ...by investing $540M to build engines in Mexico and create 1000 jobs there.

    http://economictimes.indiatimes.com/new ... 331881.cms

    Where is the accountability? These US politicians that signed the bailouts sure got duped, heck the entire US taxpayer system got duped. Companies that were bailed out with US tax dollars should have been forced to invest in the US. That is not too much to ask.

    the Free Market has spoken...

    I find it funny that many who support the "free market" get upset over things like this...

    Tell me about this "accountability" you seek...what are you looking for...?

    I wonder, if they opened a plant in the US, and it didn't do well...would you complain then...?


    the free market doesn't bail out failing businesses.

    um...ok...

    your point is..?
  • BinauralJamBinauralJam Posts: 14,158
    satansbed wrote:
    and there is now a thousand less potential immigrants


    There's gotta be a better plan for keeping them out.
  • caifan82caifan82 Mexico City Posts: 321
    BinauralJam wrote:
    There's gotta be a better plan for keeping them out.

    Better than creating jobs? Mmm, well, you can always put sharks that shoot lasers out of their mouths in the Rio Grande ;)
    Mexico City - July 17th 2003
    Mexico City - July 18th 2003
    Mexico City - July 19th 2003
    Monterrey - December 7th 2005
    Mexico City - December 9th 2005
    Mexico City - December 10th 2005
    Mexico City - November 24th 2011
  • BinauralJamBinauralJam Posts: 14,158
    caifan82 wrote:
    BinauralJam wrote:
    There's gotta be a better plan for keeping them out.

    Better than creating jobs? Mmm, well, you can always put sharks that shoot lasers out of their mouths in the Rio Grande ;)

    Come on, if we could do that, we already would have. ;) So we keep illegals out by creating jobs in there countries, why can't they create jobs in their countries?
  • satansbedsatansbed Posts: 2,139
    BinauralJam wrote:
    caifan82 wrote:
    BinauralJam wrote:
    There's gotta be a better plan for keeping them out.

    Better than creating jobs? Mmm, well, you can always put sharks that shoot lasers out of their mouths in the Rio Grande ;)

    Come on, if we could do that, we already would have. ;) So we keep illegals out by creating jobs in there countries, why can't they create jobs in their countries?

    I think if they could they would there is just not the capital, or infrastructure in these countries for them to be able to create jobs. The us is the biggest and richest nation in the world, unless it creates jobs in the other countries you are going to get people from these countries coming over,

    America as a country has been built by immigrants so i wouldn't don't really have a problem with immigration, but if you do have a problem with immigration one sure way of stopping it is investing in poorer countries
  • caifan82caifan82 Mexico City Posts: 321
    BinauralJam wrote:
    Come on, if we could do that, we already would have. ;) So we keep illegals out by creating jobs in there countries, why can't they create jobs in their countries?

    You don't HAVE TO create jobs here... but any job helps, no matter where it comes from. Obviously the economy here is more screwed up here than in the US, so creating jobs here is harder.

    I work for a mexican company that has offices in Spain, Colombia, Brazil, Argentina, China and the US. My company has employees from more than 20 different nationalities, including at least 30 americans. Those 30 americans have a job that could be done by a mexican engineer, so that's 30 less jobs created here. It's just free market. You lose jobs to an indian firm, you gain jobs from a japanese automaker. It just happens you live in the most important market in the world.
    Mexico City - July 17th 2003
    Mexico City - July 18th 2003
    Mexico City - July 19th 2003
    Monterrey - December 7th 2005
    Mexico City - December 9th 2005
    Mexico City - December 10th 2005
    Mexico City - November 24th 2011
  • BinauralJamBinauralJam Posts: 14,158
    satansbed wrote:
    Come on, if we could do that, we already would have. ;) So we keep illegals out by creating jobs in there countries, why can't they create jobs in their countries?

    I think if they could they would there is just not the capital, or infrastructure in these countries for them to be able to create jobs. The us is the biggest and richest nation in the world, unless it creates jobs in the other countries you are going to get people from these countries coming over,

    America as a country has been built by immigrants so i wouldn't don't really have a problem with immigration, but if you do have a problem with immigration one sure way of stopping it is investing in poorer countries[/quote]



    Maybe. I don't know if were the biggest and richest anymore, China looks like it's doing good, maybe they could create jobs in Mexico.
  • BinauralJamBinauralJam Posts: 14,158
    caifan82 wrote:
    BinauralJam wrote:
    Come on, if we could do that, we already would have. ;) So we keep illegals out by creating jobs in there countries, why can't they create jobs in their countries?

    You don't HAVE TO create jobs here... but any job helps, no matter where it comes from. Obviously the economy here is more screwed up here than in the US, so creating jobs here is harder.

    I work for a mexican company that has offices in Spain, Colombia, Brazil, Argentina, China and the US. My company has employees from more than 20 different nationalities, including at least 30 americans. Those 30 americans have a job that could be done by a mexican engineer, so that's 30 less jobs created here. It's just free market. You lose jobs to an indian firm, you gain jobs from a japanese automaker. It just happens you live in the most important market in the world.

    :D i work for a Japanese company
  • caifan82caifan82 Mexico City Posts: 321
    BinauralJam wrote:
    Maybe. I don't know if were the biggest and richest anymore, China looks like it's doing good, maybe they could create jobs in Mexico.

    They have already, so have France, Germany, Japan, Spain, Canada, South Korea, Brazil, etc... You name it.
    Mexico City - July 17th 2003
    Mexico City - July 18th 2003
    Mexico City - July 19th 2003
    Monterrey - December 7th 2005
    Mexico City - December 9th 2005
    Mexico City - December 10th 2005
    Mexico City - November 24th 2011
  • satansbedsatansbed Posts: 2,139
    BinauralJam wrote:
    satansbed wrote:
    Come on, if we could do that, we already would have. ;) So we keep illegals out by creating jobs in there countries, why can't they create jobs in their countries?

    I think if they could they would there is just not the capital, or infrastructure in these countries for them to be able to create jobs. The us is the biggest and richest nation in the world, unless it creates jobs in the other countries you are going to get people from these countries coming over,

    America as a country has been built by immigrants so i wouldn't don't really have a problem with immigration, but if you do have a problem with immigration one sure way of stopping it is investing in poorer countries



    Maybe. I don't know if were the biggest and richest anymore, China looks like it's doing good, maybe they could create jobs in Mexico.[/quote]

    its still the most important market in the world because americans have huge amounts more disposable income than the chinese who get paid a pittance comparatively

    the more the world co-operates the better the world will do economically, at least that is my view
  • unsungunsung I stopped by on March 7 2024. First time in many years, had to update payment info. Hope all is well. Politicians suck. Bye. Posts: 9,487
    Almost every single one of you is missing the point entirely, going on and on about immigration which has nothing to do with the topic.

    I'll spell it out. The US Taxpayer bailed out GM. GM should be creating jobs in the US. If Mexico bailed out GM then create jobs in Mexico.

    Capitalism does not bail out companies that are going under. Would that mean a loss of jobs? Yes. But as many of you here so proudly claim that maybe those people should have a better education, maybe their lives are "epic fails".

    Just remember the job you save might be your own someday. Buy products made in your home country.
  • Godfather.Godfather. Posts: 12,504
    unsung wrote:
    Almost every single one of you is missing the point entirely, going on and on about immigration which has nothing to do with the topic.

    I'll spell it out. The US Taxpayer bailed out GM. GM should be creating jobs in the US. If Mexico bailed out GM then create jobs in Mexico.

    Capitalism does not bail out companies that are going under. Would that mean a loss of jobs? Yes. But as many of you here so proudly claim that maybe those people should have a better education, maybe their lives are "epic fails".

    Just remember the job you save might be your own someday. Buy products made in your home country.

    :thumbup:

    Godfather.
  • satansbedsatansbed Posts: 2,139
    unsung wrote:
    Almost every single one of you is missing the point entirely, going on and on about immigration which has nothing to do with the topic.

    I'll spell it out. The US Taxpayer bailed out GM. GM should be creating jobs in the US. If Mexico bailed out GM then create jobs in Mexico.

    Capitalism does not bail out companies that are going under. Would that mean a loss of jobs? Yes. But as many of you here so proudly claim that maybe those people should have a better education, maybe their lives are "epic fails".

    Just remember the job you save might be your own someday. Buy products made in your home country.

    what about these jobs
    http://wtvbam.com/news/articles/2011/ja ... obs-flint/
  • satansbedsatansbed Posts: 2,139
    and it is also an investment by the mexican arm of GM

    http://economictimes.indiatimes.com/new ... 331881.cms

    http://online.wsj.com/article/BT-CO-201 ... 11993.html
  • stuckinlinestuckinline Posts: 3,380
    unsung wrote:
    I'd pay more, and I often gladly do, for US made goods. I look at EVERY label. Yes, some things are impossible to find made in US, but most are not.

    US taxpayer dollars should have been invested for US taxpayer jobs. I'll never buy another GM product again.
    :thumbup:
  • inmytreeinmytree Posts: 4,741
    satansbed wrote:
    unsung wrote:
    Almost every single one of you is missing the point entirely, going on and on about immigration which has nothing to do with the topic.

    I'll spell it out. The US Taxpayer bailed out GM. GM should be creating jobs in the US. If Mexico bailed out GM then create jobs in Mexico.

    Capitalism does not bail out companies that are going under. Would that mean a loss of jobs? Yes. But as many of you here so proudly claim that maybe those people should have a better education, maybe their lives are "epic fails".

    Just remember the job you save might be your own someday. Buy products made in your home country.

    what about these jobs
    http://wtvbam.com/news/articles/2011/ja ... obs-flint/

    not good enough....GM owes us a "favor"... :lol:
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