Friday, May 8, 2009

More Bailout Money Being Spent Overseas

"The UAW urges you to join with us in expressing your opposition to GM's plans to close factories and eliminate jobs in the United States while it is increasing imports from other countries," Alan Reuther, the UAW's chief lobbyist, said in an open letter to U.S. lawmakers dated Monday."
http://www.reuters.com/article/marketsNews/idUSN0548629820090505

You will remember on February 10 of this year we uncovered this:
"General Motors plans to invest $1 billion in Brazil to avoid the kind of problems the U.S. automaker is facing in its home market, said the beleaguered car maker.

According to the president of GM Brazil-Mercosur, Jaime Ardila, the funding will come from the package of financial aid that the manufacturer will receive from the U.S. government and will be used to “complete the renovation of the line of products up to 2012.”
http://www.laht.com/article.asp?CategoryId=12396&ArticleId=320909

General Motors has been planning this fleecing of the American taxpayer for sometime.

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1 comment:

RC said...

Didn't the UAW vote this administration into office? I know that this has nothing to do with the issue at hand, but just curious if anyone remembers.

Thanks!
Lynn