Check out this GM Bailout Vid, My grand kids may be speaking Chinese one day!

GlennDog

http://www.youtube.com/watch_popup?v=Lvl5Gan69Wo


Makes me sick . . .

G

txcoastal1

We probably were forced to make a deal with China to offset some of our debt with China

steveinaz

Being "pro-American" makes you a nutjob/biggot/racists by todays metrics. No wonder old people get cranky. Stupid is the new smart.

This country needs an ****.

Danny Tse

So GM is suppose to ignore the biggest car market in the world?

tonyb

Whats new ?

The whole deal was rotten to the core.

Actually Steve, stupid is the new "enlightened".

tonyb

Danny Tse wrote: »

So GM is suppose to ignore the biggest car market in the world?

No, what they do on their dime is their buisness. It's on our dime, of which they still owe us 25 billion I believe. I suppose the whole shipping jobs overseas mantra was only ment for one side ?

codyc1ark

From what I understand they are opening facilities for china only production cars. Which would make sense. Why not open factories in a country that you are doing business in, it will be more profitable to do that then ship them from here. And I'm sure they will be returning those profits back home to the CEO's in the states. At least GM is back to making good business decisions and decent cars. More then we can say for the other company that we bailed out, who is now turning out some of the worst models of current production.

Near the end of the video the quote is "we continue to invest heavily in china to ensure our long-term success. I agree with that statement fully, like it or not we are in bed with them for the long term.

Here is something from the AP, who I trust a bit more of a source over YouTube. Who even made this video?

http://www.npr.org/templates/story/story.php?storyId=166136954

See also, http://www.factcheck.org/2012/06/is-gm-becoming-china-motors/

rooftop59

Great links Cody. What do you know, facts instead of vitriolic opinions...dialogue in this country would be SO much more civil and productive if we would just looks at the FACTS first instead of seeking out one-sided arguments that simply confirm our own intuitions.

codyc1ark

rooftop59 wrote: »

Great links Cody. What do you know, facts instead of vitriolic opinions...dialogue in this country would be SO much more civil and productive if we would just looks at the FACTS first instead of seeking out one-sided arguments that simply confirm our own intuitions.

Agreed. If we had more news agencies that focused on facts rather than pundits screaming their heads off about what they 'think' we would be a lot better off. Give me the facts and let me decide my own opinion, if I'm not smart enough to form one Ill stay out of the discussion because I don't want to feel stupid. Which I already do most of the time.

sucks2beme

We don't build cars here anymore. We assemble cars here, but the parts come from places like Brazil.
China has been gathering and stealing US tech for the last decade. This isn't paraniod crap- this is fact.
They learn and improve. Our skill sets are eroding. They are on the threshold of not needing our technical
expertise any longer. We are becoming the unskilled 3rd world country. One of our biggest exports is used
steel. That doesn't bode well for our future.

mrbigbluelight

Back in the day, we forced .... okay, we "strenuously encouraged" Japan to build auto plants here in the US. We did so because they were grabbing larger and larger percentages of the market. Want to sell here ? Have to build them here.
Seems if it was good for us, it should be good for the Chinese.

Maybe our own car designers could design better cars ? Just a thought, but if we're going to use timing belts in our engines ("So much quieter than a chain !"), maybe we could design them with "non-interference" motors ?

In any event, always try to use several sources for information. Or just listen to me; trust me.

codyc1ark

sucks2beme wrote: »

We don't build cars here anymore. We assemble cars here, but the parts come from places like Brazil.
China has been gathering and stealing US tech for the last decade. This isn't paraniod crap- this is fact.
They learn and improve. Our skill sets are eroding. They are on the threshold of not needing our technical
expertise any longer. We are becoming the unskilled 3rd world country. One of our biggest exports is used
steel. That doesn't bode well for our future.

Please, show us your facts. I think that you have mixed up China and Japan, as I don't know any Chinese car manufacturer that currently sells cars in the U.S. on a large basis. I know that there has been a few attempts, but the IIHS wont approve any of them because of safety reasons. Now, if we're getting off topic about stealing from another country, the U.S. is doing exactly what you're talking about. See - http://www.bbc.co.uk/news/world-asia-china-18299065 And I'm sure they are doing the same to us.

Also,

US steel exports heading for record year
October 16, 2012
Exports of steel from the USA increased in August compared to July by 8.1% according to US Government data.
The rise in steel exports in August was primarily due to improved shipments to NAFTA partners in what appears to have been a response to the short-lived up-tick in the market at the end of the summer. Smaller export markets for US made steel were mixed in August as exports to the EU market declined and exports to Asia improved.

Total exports in the year-to-date period 2012 compared to 2011 increased by 10.1%. “Exports remain on track in 2012 to set a new all-time record, eclipsing the 2008 total. However, August was the first month this year in which exports in 2012 were lower than in 2011 on a month to month comparison, down by only 1.4%, but suggesting, if it is the beginning of a trend, that the international market overall is cooling,” concluded ,” said David Phelps, president, AIIS.

Total Steel exports in August 2012 were 1.172M stons compared to 1.084M stons in July 2012, an 8.1% increase, and a 1.4% decrease compared to August 2011. According to year-to-date figures, exports increased 10.1% compared to 2011 or from 8.659M stons in 2011 to 9.534M stons in 2012.

http://www.steeltimesint.com/news/view/us-steel-exports-heading-for-record-year

obieone

I thought only Bain Capitol shipped jobs overseas?:rolleyes:

mrbiron

Stop it with all these facts, it's getting in the way of my looting and fire starting due to mass hysteria!!!!

WilliamM2

sucks2beme wrote: »

We don't build cars here anymore. We assemble cars here, but the parts come from places like Brazil.

So buy a Toyota. Built here, and over 80% of the parts are made here in the US as well.

http://content.usatoday.com/communities/driveon/post/2012/07/toyota-camry-beats-ford-f-150-as-most-american-made/1#.UGBvUUKQnao

decal

The concept is called international trade. No country can provide everything their population needs from inside their on border.

DollarDave

decal wrote: »

The concept is called international trade. No country can provide everything their population needs from inside their on border.

Texas can!

mantis

steveinaz wrote: »

Being "pro-American" makes you a nutjob/biggot/racists by todays metrics. No wonder old people get cranky. Stupid is the new smart.

This country needs an ****.

Be careful what you wish for , I believe we will get one and it might not be as good as one would think. I think we are in the calm before the storm.

BlueFox

obieone wrote: »

I thought only Bain Capitol shipped jobs overseas?:rolleyes:

Haven't been paying attention very much over the last 25 years or so, have you? The high tech industry has been shipping jobs overseas, and bringing H-1B employees here for at least that long.

txcoastal1

DaveMuell wrote: »

Texas can!

Amen

decal

DaveMuell wrote: »

Texas can!

txcoastal1 wrote: »

Amen

smiley_rotflmao.gif

tonyb

rooftop59 wrote: »

Great links Cody. What do you know, facts instead of vitriolic opinions...dialogue in this country would be SO much more civil and productive if we would just looks at the FACTS first instead of seeking out one-sided arguments that simply confirm our own intuitions.

It's not opinion my friend, GM was bailed out under the pretense that it would save and create jobs here, not in China. First, our coin should not be involved with picking and choosing winners and losers in the private sector. Second, nobody mentions the Delphi employees who had pensions wiped out in this deal by little Timmy. Third, they still owe us money, and I don't think interest is calculated into the figures. Fourth and most important to me anyway, having a central government dictate outcomes with our coin on private sector buisness is just wrong on so many levels. Face it, the government who critisized others about letting them go threw the bankruptcy process, did exactly the same thing only instead of letting a Judge decide, the government wanted the power and gave the unions the lions share of the deal and stuck us with the bill......thats a fact.

tonyb

BlueFox wrote: »

Haven't been paying attention very much over the last 25 years or so, have you? The high tech industry has been shipping jobs overseas, and bringing H-1B employees here for at least that long.

Yep, but the high tech industry sits squarely in one camp. Apple, G.E., Microsoft, General Motors......all sit in one camp so the press and government leaves them alone. Bain however, sits in another camp hence the long knives come out. The Koch brothers sit in another camp, out come the long knives.

Manipulation is the name of the game and it starts when your kids are young and in school. Incidently, if anyone can find a news outlet that just focuses on the facts, let me know. Haven't seen one in decades.

cnh

Dudes, the election is over. Give it a break!

And as for China. I'm not even going to bother with that since it happens to be my "area" of study and I know much more than one can learn from a 10 minute video (about SOEs and their history from Deng Xiaoping on). lol Let me just say that there are more people in the U.S. studying Chinese than ever and the same is true of English in China. And that is a very "good" thing.

I do agree with tony above about the news, but then again I have almost 4 years of lived experience in China. And as they say "seeing" is believing. The good and the bad, been there done that!

Let me finish by saying that of "all" the American politicians that I have heard speak about the Chinese, the only one who I've found credible is Jon Huntsman, not only was he our ambassador to China but he was also a student of the culture and language. Now there is one "smart" fellow. Too bad no one wanted to hear him! An intelligent politician? God forbid!



cnh

tonyb

I liked his pops, the kid I was not too hip on.....as smart as he is.

txcoastal1

If crap hits the fan see if the gov't bails your business out...just saying

txcoastal1

decal wrote: »

smiley_rotflmao.gif

Come on Decal...people can root for their favorite football team etc, but we can't root for our state

codyc1ark

cnh wrote: »

Dudes, the election is over. Give it a break!

I thought this was about the car industry. I made the point I wanted, heaven forbid that an American corporation branch out and be the largest car manufacture in the world. Kind of a big deal for the 'Merica..

I'll talk cars any day of the week, but the 'other' issue I'll bow out of. On that issue I try to keep to myself, I find it better for my sanity!

txcoastal1

Keiko your the man...its the holidays season "Have more pie"

tonyb

codyc1ark wrote: »

I thought this was about the car industry. I made the point I wanted, heaven forbid that an American corporation branch out and be the largest car manufacture in the world. Kind of a big deal for the 'Merica..

I'll talk cars any day of the week,QUOTE]

It is about the car industry, but when you have a government owned car company politics will play into it too. Your missing the point, it's great for any company to expand their buisness, but not with taxpayer coin. Don't know how much simpler that can be.

The U.S. government isn't a venture capital company, or a company such as Bain who buy up failing companies to turn around and sell. Didn't the same people who said Bain was evil for laying off employees, doing away with pensions or limiting benefits, and shipping jobs overseas do exactly the same thing with G.M. ? The difference is one uses private sector coin and the other is using public sector coin, our tax money. The other difference is when Bain takes a company to the bankruptcy process, a judge decides contracts and outcomes to put the company on the best foot forward to come out of bankruptcy. When government does it, it decides who gets what, or who doesn't, and that always falls on the political side of things. Thats what government does, it's a political body. Another is if Bain fails in it's turn around efforts, they and their investors lose the money. On the other end, when government loses money, we all have to pony up.

Case in point.....Solar companies. How many have gone under ? To the tune of how many billions ? With who's money ? Thats government in the role of venture capitalists with unlimited funds and no responsibility for the down side. Want another ? Electric car batteries.

Think of it like this. You have one neighbor on the left of you and one on the right. You like the one on the right, but that moron on the left your not so keen on. Now lets say you have a credit card with no limit. You take cash advances out and give it to the neighbor on the right....you like the guy. Then ask the neighbor on the left to pay the bill when it comes every month because he's stupid anyway and you don't like him. Now keep doing that every month. Whats the end game scenario going to look like ?

nooshinjohn

Patton was as right on the Russians as MacArthur was on the Chinese. Too bad neither one was listened to.