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Gee, Toyota and Honda both have plants here and employ US citizens (I hope). They both made it through the "auto crisis" ok. Only the US auto unions needed bailouts.
Created or retained jobs. Yippee. Now why did they send those billions to China again? I didn't see that in your little link. Or mehico, argentina, canada etc.
Because they can't ignore improving facilities in those countries if they want to claw their way back into relevancy and have a shot in hell of increasing profit and repaying all of the bailout money. This has been explained to you several times in this thread already.
"Chrysler currently builds all Jeep SUV models at plants in Michigan, Illinois and Ohio. Manley referred to adding Jeep production sites rather than shifting output from North America to China."
Created or retained jobs. Yippee. Now why did they send those billions to China again? I didn't see that in your little link. Or mehico, argentina, canada etc.
Because they can only sell so many cars to Americans. And they can sell so many MORE cars in Mexico, Argentina, China, Europe, etc. So American companies build factories in other countries so they can sell products in other countries. Coke doesn't produce its products solely in the United States. No, they make it and bottle it and sell it all around the world. Because to ship cars or to ship toothpicks adds to their COSTS, and when they price their products, the price is based in part on how much it COST to make, and how much it COST to get it to the consumer. So an American automaker opens a factory in Argentina, to make cars to sell IN ARGENTINA, and you think that American automakers should only build cars in America. Because that way they can be so much less competitive with foreign automakers. Because that's what you want, American companies to be less competitive with their foreign competitors. Why?
Love all the cheerleading by the same swooners who scream about evil corporations outsourcing jobs overseas and on and on. Of course now it's perfectly fine since it's Obama motors. Most don't even know what they are supporting but if Obama supports it then by golly gee it has to be the right thing to do.
Love all the cheerleading by the same swooners who scream about evil corporations outsourcing jobs overseas and on and on. Of course now it's perfectly fine since it's Obama motors. Most don't even know what they are supporting but if Obama supports it then by golly gee it has to be the right thing to do.
So, you are endorsing a profit-margin crushing business model of building them here and shipping them around the globe? Somehow you think THAT will help GM pay back the bailout money? Interesting logic....
They borrowed to finance US buyers. I don't consider that a bailout. That money wasn't used to shore up their own balance sheet; it was because private investors demanded higher interest rates.
"Chrysler currently builds all Jeep SUV models at plants in Michigan, Illinois and Ohio. Manley referred to adding Jeep production sites rather than shifting output from North America to China."
Obviously, you don't understand manufacturing. Jobs aren't being 'outsourced' from the USA. They're being created far away where sales opportunities exist. If GM manufactured vehicles which are intended for sale only in far away places here in the USA, the cost of shipping would make them prohibitively expensive in those local markets. Making them locally, which has no negative impcat on US jobs, is the smart thing to do. And, in the process ... the USA based company, of which the U.S. Government is a shareholder together with millions of other Americans ... is financially stronger. I'm not as anti-business, anti-free market as you make yourself appear to be.
Same for many Apple products. Some Apple products have never been manufactured in the US, so you cannot say they are outsourcing jobs. Also, with Apple and GM, the talented people, the engineers and artists, and managers who design the products are Americans. Also, more profits overseas means that GM can offset the higher salaries for US employees, which saves those jobs from going away.
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