The Mudcat Café TM
Thread #146530 Message #3392764
Posted By: Sawzaw
20-Aug-12 - 01:50 PM
Thread Name: BS: $20 million to create jobs in Ukrania
Subject: RE: BS: $20 million to create jobs in Ukrania
The dealerships are in Ukrania selling foreign made cars, not US made cars.
I think the US taxpayer money should be used here in America to create American jobs.
The treasury owns around 500 million shares of GM stock. They would have to be sold for $53 to recoup the money. Just break even with no profit.
It is very true that the companies or entrepreneurs will bring back a profit to the US but they are demonized as being the 1% that do not pay their fair share of taxes and companies receiving corporate welfare and tax breaks for the wealthy.
Part of the Obama GM bailout was $45.4 billion in taxes on future profits. Is that crony capitalism?
I think all US money should be used here in the US to create US jobs.
(Reuters) - U.S. car maker General Motors (GM.N) on Thursday committed to invest $1 billion (26% belonging to US taxpayers) in its Australian operations over the next decade after securing Australian government support to help it keep its car plant open until at least 2022...
..The funding will secure the jobs of 12,000 people employed by GM Holden's Adelaide car plant and engine manufacturing plant in Victoria, and shore up thousands more manufacturing jobs in the components sector.
"SENIOR ADMINISTRATION OFFICIAL: One of the principles that the President established early on that we have very much intimated as part of this is that U.S. taxpayer dollars should stay within the U.S. And that is not intended to sound protectionist -- I think it's a principle that every country follows. And so we do not intend to use U.S. taxpayer dollars to support foreign subsidiaries."