GM Did What? **Update**
Oh No They Don't!!!!
GM got how many billions from us American taxpayers??? And they are going to do what with it??
In other words, America sucks so we are leaving for Brazil, but we will take your money first.
(H/T Ace of Spades)
[Update:] Seems that now, as part of the rules to accepting the federal buyout nationalization monies, GM has laid off 10,000 workers HERE in the US.
So much for saving American jobs !!! But then, this $3 Trillion has nothing in it to stimulate the economy, let alone private industry.
And if GM does go under, the US is not the first creditor to get paid for its debt.
When Laura Ingraham asked Sen Spectre how this nationalization bill would help private industry, all he had to say was:
According to these rinos and socialists, paying for more government pork and state projects is the same as helping private industry.
Someone want to explain that to me?
GM got how many billions from us American taxpayers??? And they are going to do what with it??
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."
"It wouldn't be logical to withdraw the investment from where we're growing, and our goal is to protect investments in emerging markets,"
In other words, America sucks so we are leaving for Brazil, but we will take your money first.
(H/T Ace of Spades)
[Update:] Seems that now, as part of the rules to accepting the federal buyout nationalization monies, GM has laid off 10,000 workers HERE in the US.
So much for saving American jobs !!! But then, this $3 Trillion has nothing in it to stimulate the economy, let alone private industry.
And if GM does go under, the US is not the first creditor to get paid for its debt.
When Laura Ingraham asked Sen Spectre how this nationalization bill would help private industry, all he had to say was:
"Laura, we have a big chunk of this money going to roads, highways and mass transit," Specter said. "I talked to the governor of my state and he said we could do it in nine months. And I said, ‘That's really not good enough.' And he said, ‘If we really twist and turn we can cut it back to six months. And I talked to the mayor of a major city this morning that has a parking lot going up, which is out of money and the work can go forward this afternoon."
According to these rinos and socialists, paying for more government pork and state projects is the same as helping private industry.
Someone want to explain that to me?
