GM Cronies Take Bailout And Sell Out To China

Posted by ObjectiveAnalyst 11 years, 2 months ago to Business
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So this is what you get for your tax dollars. I am not for protectionism only fair and free trade. This is neither. This is crony capitalism and we are getting reamed. If this is all true and I have no reason to believe otherwise, we had all better start to learn Mandarin and how to bow, or I mean bend over. We have been sold down the Yangtze!

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  • Posted by ObjectiveAnalyst 11 years, 2 months ago in reply to this comment.
    Hear Hear! I have never been a Ford guy, but that may very well change the next time I need to shop for a vehicle. We can use the market to positive effect against GM, but what can/will we do about the political cronies, whose policies and corruption make this happen?
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  • Posted by $ WillH 11 years, 2 months ago
    Oh yeah. We have been totally sold down the river. GM started this crap with their "captured imports" program, to the extent that they even built the first Toyota plant here in the US to produce the Toyota Corolla/Geo Prism. It was a stupid and short sighted idea that would have caught up to them if they had not been bailed out with OUR FREAKING MONEY. Now, as usual, we are taking the screwing. The market share they continue to loose will continue to support foreign owned car companies.

    My only hope in this is Ford. I really liked the way they handed the bailout. They have not made many vehicles I would want, but that is beginning to change with the new "looks like an Aston Martin" Fusion. That is a good looking car.
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