Follow along with the video below to see how to install our site as a web app on your home screen.
Note: This feature may not be available in some browsers.
Could it be Obama was RIGHT about GM?
Obama was wrong about GM and so were many Republicans. Some Republicans remember how important the auto makers were during WW-II and believe they should be kept afloat at all costs. Taxpayers should never be on the hook to bail out private companies and definitely not be forced to bail out companies that have made terrible decisions time and again. That's just common sense. I don't care how much better GM is doing now.
Imagine how many start-up companies never came into existence because taxpayers were forced to bail-out a failing company? I have no doubt that better, more productive companies would have taken GM's place. Unfortunately, Obama intervened to maintain the status quo and we will all suffer as a result.
you can disagree with bail outs, and i am with you 100%...
BUT what is done is done....and we must move onward from there and WISH the very best for GM at this point in the game....hoping for their success is wishing for our own success, which is getting our money back, by them being successful and the value of the company's stock going up.
As with every thing in life, one must decide on where to go from any given moment...and in this moment, I wish for GM'S success!!!!
SHANGHAI (AP) -- General Motors Co. said Monday demand in China is so strong that the company's annual sales may top 2 million vehicles this year -- four years ahead of schedule -- and could exceed 3 million by 2015.
GM is counting on robust growth in China, India and other emerging markets to help offset weakness in its home U.S. market as the Detroit automaker struggles to return to health after its near-collapse in 2009.
The company, which reported a $3.4 billion loss in the last quarter of 2009, plans to pay off billions of dollars in loans from the U.S. government by June, five years ahead of schedule, and says it could report a profit as early as this year.
GM China Sales May Exceed 3M Units By 2015
If we had listened to the Republicans, General Motors would be dead and gone. So many more people out of work. Not just those that work at General Motors, but also all the suppliers, engineers. Plus the people who work in any community around GM.
I wonder how much interest the US is getting from GM loans?
You have to admit, so far, Republicans have a "perfect" score. Wrong about everything.
Wrong about Iraq
Wrong about Afghanistan
Wrong about the economy
Wrong about health care
Just, well, "wrong".
Obama was wrong about GM and so were many Republicans. Some Republicans remember how important the auto makers were during WW-II and believe they should be kept afloat at all costs. Taxpayers should never be on the hook to bail out private companies and definitely not be forced to bail out companies that have made terrible decisions time and again. That's just common sense. I don't care how much better GM is doing now.
Imagine how many start-up companies never came into existence because taxpayers were forced to bail-out a failing company? I have no doubt that better, more productive companies would have taken GM's place. Unfortunately, Obama intervened to maintain the status quo and we will all suffer as a result.
you can disagree with bail outs, and i am with you 100%...
BUT what is done is done....and we must move onward from there and WISH the very best for GM at this point in the game....hoping for their success is wishing for our own success, which is getting our money back, by them being successful and the value of the company's stock going up.
As with every thing in life, one must decide on where to go from any given moment...and in this moment, I wish for GM'S success!!!!
I disagree. If GM continues to operate like they have been for decades, they should fail for the good of the country. Losing taxpayer money that Congress and Obama gave away is a small price to pay. Otherwise, we are not only throwing good money after bad, but we are stifling progress and innovation in America.
oh i agree, IF THEY CONTINUED to manage the company the way they had....BUT THAT is not the case, now is it? or is this too hard to discern at this point?
oh, and their first bailout was done by Bush, and his advisors....you left that out by accident, i suppose?
Problem is, at what point do they become a Chinese company run by American execs? China could easily confiscate GM with our debt.I have NO PROBLEMS with a corporation building their product in the country they are selling it to....this makes sense to me.
building things in china just to import them here, can be problematic in a few ways....
Problem is, at what point do they become a Chinese company run by American execs? China could easily confiscate GM with our debt.I have NO PROBLEMS with a corporation building their product in the country they are selling it to....this makes sense to me.
building things in china just to import them here, can be problematic in a few ways....
You'll be able to purchase the first Asian-manufactured GM vehicle in 2011...the Chevrolet Spark.
soon to be a global business with it's home base in beijing.we're providing taxpayer money to fund a corporation that is manufacturing and selling cars in china?
You see nothing wrong with this?
gm is a global business.
Detroit will be a field for growing biofuel to sell them so they can drive their chevy's.
I can hear monsanto's bulldozers from here.
Do cars sold in China have to meet the California emission or CAFE standards?
Do cars sold in China have to meet the California emission or CAFE standards?
that is a very interesting question...I would like to know the answer to it myself!
Do cars sold in China have to meet the California emission or CAFE standards?
What was Obama supposedly right about?
Do cars sold in China have to meet the California emission or CAFE standards?
What was Obama supposedly right about?
Obama was right about supporting American companies so hundreds of thousands of US Citizens keep their jobs. Even on "Morning Joe", Conservative Joe Scarborough mentioned that the US made billions from those "loans". Turns out they were NOT a take over. Another Republican lie debunked by a Republican conservative. It just keeps getting better.
Ever wonder why we hate Hugo Chavez? He nationalized their oil industry, effectively stealing all American wells in Venezuela. The same thing happened in Iran after World War 2 (which directly led to the situation today).I don't think they can legally do something like that...steal from a private business... and we ARE paying our interest payment to China on time, so no real worries there Eagle....
Generally speaking, yes, unless you're a small country like Iceland or Switzerland.But it only makes sense to manufacture product in the country you are selling it to in most cases, just to save on shipping costs and shipping time...
Because we've lost our competitive advantage. The cost of overseas shipping is far less than the cost of hiring American workers. If American workers accepted $10,000 annual salaries, there would be more factory jobs than factory workers.That is why it is surprising that the USA does not produce more here.....?
Precisely. Things will balance out, with a net gain for the Chinese worker, and a net loss for the American worker.China and other country's labor is just soooooo sooooo soooo cheap...about 10 years ago we started to manufacture some shoes in Viet Nam, just to see if it would or could work out...the factory workers there got paid $550 A YEAR to work there and this was nearly $200 dollars more a year than the average person in viet nam....granted, this was near 10 years ago....but still!!!! Americans can NOT compete with those kind of labor costs...even if it is labor costs plus freight and Duty costs for the imports, Americans can not compete with that...other than being smarter and more productive...producing much more per hour than the person in Viet Nam...but even then, those kind of labor costs are hard to beat...
Believe it or not, China is beginning to outsource to Africa, because African workers cost even less than Chinese workers.China's labor costs have GONE UP over the years....not as much as they should have, but they still have gone up a sizeable amount...supposedly, the gurus who believe in globalesque economies say that it should all even out one day...where the chinese worker gets paid much more and eventually the labor costs in the usa won't be so high...giving us a stronger manufacturing base again...but honestly, it ain't happening as quick as they proclaimed it would...
you can disagree with bail outs, and i am with you 100%...
BUT what is done is done....and we must move onward from there and WISH the very best for GM at this point in the game....hoping for their success is wishing for our own success, which is getting our money back, by them being successful and the value of the company's stock going up.
As with every thing in life, one must decide on where to go from any given moment...and in this moment, I wish for GM'S success!!!!
I disagree. If GM continues to operate like they have been for decades, they should fail for the good of the country. Losing taxpayer money that Congress and Obama gave away is a small price to pay. Otherwise, we are not only throwing good money after bad, but we are stifling progress and innovation in America.
oh i agree, IF THEY CONTINUED to manage the company the way they had....BUT THAT is not the case, now is it? or is this too hard to discern at this point?
oh, and their first bailout was done by Bush, and his advisors....you left that out by accident, i suppose?
Do cars sold in China have to meet the California emission or CAFE standards?
What was Obama supposedly right about?
Obama was right about supporting American companies so hundreds of thousands of US Citizens keep their jobs. Even on "Morning Joe", Conservative Joe Scarborough mentioned that the US made billions from those "loans". Turns out they were NOT a take over. Another Republican lie debunked by a Republican conservative. It just keeps getting better.