An Ol' Broad's Ramblings
GM Screws The Taxpayer
General Motors to Invest $1 Billion in Brazil Operations — Money to Come from U.S. Rescue Program
SAO PAULO — General Motors plans to invest $1 billion in Brazil to avoid the kind of problems the U.S. automaker is facing in its home market, said the beleaguered car maker.
According to the president of GM Brazil-Mercosur, Jaime Ardila, the funding will come from the package of financial aid that the manufacturer will receive from the U.S. government and will be used to “complete the renovation of the line of products up to 2012.”
I beg your pardon? OUR tax dollars, meant to ‘stimulate’ OUR economy, helping Detroit with is major problem, is going to a different country????? $1,000,000,000!
“It wouldn’t be logical to withdraw the investment from where we’re growing, and our goal is to protect investments in emerging markets,” he said in a statement published by the business daily Gazeta Mercantil.
Do they have to pay absurd ridiculous union packages down there? If not, someone might want to take a GOOD look, and figure out how to do things a bit differently up here.
This year sales will reach 2.85 million vehicles, which represents a growth of 15% over last year.
Car sales in Brazil are up. In the U.S., they are down. Why is this? And I would still like to know who gave them permission to steal OUR money, and invest it in a FOREIGN operation! I know I sure didn’t! From a business standpoint, investing money where it will actually MAKE money, is just plain common sense. That being said, we do not pay taxes so we can prop up the economy of a foreign country. We pay taxes to aid in our own economy.
IMHO: Not one more single thin dime goes to General Motors. I want that money returned! NOW!
If I’m not mistaken, the American people said NO to the Detroit automakers. D.C. should have listened!
H/T: Sharon via email
[...] H/T: Ol’ Broad [...]
GM played all of us.
I think it will be highly unlikely I’ll be buy a GM any time in the near, or far, future. (insert four lettered words here)
WAIT A COTTON PICKIN’ MINUTE! You mean to tell me that all the immigrants that everyone is so up in arms about can’t send $100 or so back ‘home’, but GM can send 1 BILLION to Brazil?!?
Whatever!
That property in Paraguay is looking better every day.
Yup. Time to raise a SERIOUS ruckus, and put a stop to all this nonsense.
Oh, I have no problem with LEGAL immigrants sending a few bucks home to their families. That’s what families do….take care of each other.