Thread: 2009: Reorganized GM Outsources Jobs to China

See where this has gotten us today? And don't say "Americans don't want/can't do these jobs"; this has been proven a lie many times over. Remember that the GM reorganization was payed for by the American taxpayer so we taxpayers were in effect subsidizing the transfer of American jobs to China.


http://www.politicususa.com/en/Nader-GM

Nader Warns that the Reorganized GM Plans to Outsource Jobs to China

In a letter to Rep. Barney Frank and Sen. Chris Dodd today, Ralph Nader warned that GM is planning on using the government bailout and bankruptcy to eventually move production to China, so that they can import cars back into the US market. The result will be that the government will pay to keep GM alive, and help job growth in China.

Nader wrote, “Among the most worrisome components in the restructuring plan is the willingness to sacrifice U.S. manufacturing, and permit GM to increase manufacturing overseas for export back into the United States. Recent news reports indicate that the company will rely increasingly on overseas plants to make cars for sale in the United States, with cars made in low-wage countries like Mexico rising from 15 to 23 percent of GM sales in the United States. For the first time, GM plans emerged to export cars from China to the United States, in what may be a harbinger of the company’s future business model; although the company has stated after negative publicity that it will not export from China, there is no evidence that it is abandoning the business model of outsourcing production for the U.S. market, and questions remain about how binding is the recent commitment not to export to the United States from China.â€

Ooops! Did'nt see this one coming!

Tip of the day; study accounting and numbers related fields so that in the future you can work for the gubmint or the banks crunching numbers for the dollar transactions/trades that take place in the new Switzerland of the world.

Besides, you did'nt really want to get your hands dirty, did ya?