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

unsung

...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.

ed243421

it's called capitalism, dude
everything's gonna be alright
right?

Godfather.

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.

ed243421

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

VINNY GOOMBA

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.

blackredyellow

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.

unsung

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.

know1

The issue is the initial bailouts and not the fact that GM might be opening a plant in Mexico. The politicians should be fired.

caifan82

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...

inmytree

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...?

mikepegg44

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.

Kel Varnsen

Doesn’t new GM plants in Mexico mean more jobs available for Mexicans and less potential immigrants sneaking across the border into the US?

mrvedderson

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......

blackredyellow

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...

satansbed

and there is now a thousand less potential immigrants

inmytree

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..?

BinauralJam

satansbed wrote:

and there is now a thousand less potential immigrants

There's gotta be a better plan for keeping them out.

caifan82

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

BinauralJam

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?

satansbed

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

caifan82

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.