http://endthebailouts.com/2008/11/11/gm-may-use-bailout-money-to-create-jobs-in-china/
GM may be planning to use bailout money to build new plants in China
The recovery plan that General Motors has provided to lawmakers monitoring the GM bailout states that the company intends to begin importing a new product line of smaller cars, reminiscent of the Chevrolet Spark to be manufactured in China and imported into the United States within the next two years.
By 2011 GM plans to import over 17,000 of the Chinese built cars and plans to ramp up production from there eventually importing 50,000 of the smaller cars by 2014. The recipient of $15.4 billion in bailout loans, GM has had no comment on the reports which have been carried in the Shanghai Security News, Wall Street Journal and other sources. A cursory look at the GM website also provided no information on the reports.
No doubt a part of the reticence of GM to address the reports is the fact that the plans fly in the face of the main justification for bailing out GM in the first place, saving American jobs, and will likely meet stiff labor and public opposition.
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Comments
That is not right, bailout money funding outsourcing? Just seriously messed up!
The New World Order...now know as Globalization is well underway. Obama was choosen as POTUS for his muslim heritage and Indonesian teachings to quell the Middle East. Without the Middle East...the NWO could not be realized. The Globalist are sinking America as we know it. America will become a service nation paid by the Government. These bailouts were merely a cleansing.
All people have to do is refuse to buy GM cars. That is the easiest way to stop it cold.
These bailouts are outside the scope of work for the federal government, the people have been left out of the equation thanks to our representatives. This is fascism as defined by Mousalini. We just paid GM, and didnt even get a car from it. And then outsource the jobs, well, thats just more of a slap in the face. They assume they own us and the fruits of our labor. Time to clean out all the traitors to "of the people, by the people and for the people". Good article.
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