GM and FORD Opening China Plants, Closing US Plants

We need billions, please give us billions, is the cry from General Motors and the US auto industry.

Ok, that worked for GM it may get $25 billion? or as they say, if they do not get the money to stay afloat another few months to pay the salaries of the overpaid executives there, it may cost the government $100 billion in a bankruptcy.....let them fail, already and stop this nonsense.

What the Washington crowd does not understand or even ask, is that GM has auto manufacturing facilities all over, including.....China, where it is probably the largest builder of cars.

GM has invested $3 billion into a new plant there, Ford has invested similarly into two plants.

So while the US plants are closing, and using up wads of money to stay afloat only to delay the inevitable, the China plants are growing.

Will the new funds also go to support the China operations ?

There are no limitations on the use in the company's operations of the billions given them as a loan....

There was a great line in the movie FORREST GUMP....."stupid is as stupid does."

Our congress spending our money...maybe there should be a rule that they have to put in their money into the loan too ?

I wonder if that would result in a different result????