is it me?
posted by The Vidiot @ 12:40 PM Permalink or is this reprehensible?The General Motors Corporation (GM) has decided to invest 1 billion U.S. dollars in Brazil to expand business there, local media reported Tuesday.So, let me get this straight; they use the bailout that they would be getting because everyone is saying that for them to NOT get it, nearly 1 million people would be out of a job because the factories will close down. However, what it appears they're doing is taking the money, probably closing down the factories here anyway, and opening them in a place like Brazil that has an economy with people in it that are able afford cars.
The investment was part of a U.S. bailout package and would be used to upgrade car production lines before 2012, said Djame Adila, a GM's official in charge of the markets in Brazil and other member-countries of the South American Common Market which also groups Argentina, Paraguay, Uruguay and Venezuela.
Maybe I'm not understanding the poorly worded article, because I wasn't aware that GM got bailout money in the first place, unless it's in the form of GM getting money from a recently bailed-out bank, which makes only a little sense. And the article doesn't really say they'd be closing down anything up here in the states, but it does say that other layoffs in other countries have happened in GM factories because of the "U.S. financial crisis."
I don't know, it just seems like a whole lotta' wrong. And mostly on the part of GM.
Labels: corporate greed, General Motors, GM
2 Comments:
Thirty years ago Brazil began a drive to create flex-fuel vehicles that would run on gas, alcohol, of any mixture of the two. They are now the only nation in the world that could tell Big Oil to "go screw", thereby making it imperative that BIG OIL get vehicle manufacturers in place in Brazil to produce the oil driven vehicles Big Oil desperately needs for the re-addiction of Brazil to oil. Ya just can't have any countries becoming oil independent - Big Government would be the next victim and and things might be run by local, regional governments of citizens would would be voted into office for a short term and then return to living regular lives. Oh, we tried that already, didn't we. and it didn't work; once in government, in government 'til death do you part.
yes, another reason I had not considered.
thank you.
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