Re: Why not reinvest in the States? We bailed out GM.....
Quote from: REDDOG1 on January 02, 2010, 04:46:05 PM
I can't believe after the US tax payer bailed them out and they wouldn't at least try to shift some production to the states! I understand that it is a good plant but, we, the tax payer, should get some of the benefits. They could manufacter the New SRX in the states either?
The Canadian and Ontario governments also bailed out GM, although not to nearly the extent of the US. They are reinvesting in their strongest products, not a plant. The products (Nox and Terrain) just happen to be manufactured in Canada. As a shareholder (tax payer), would you rather have them waste $100 mil on a money losing product like the H3 or something that makes you money? The Nox and Terrain make GM money, so that directly effects every US taxpayer.
Actually, I hate to break the news to you but Canada bailed out GM more than the US did, and it's not even our country's company (yes GM is an american company and just as foreign to Canada as Toyota or Honda).... so, we do deserve much more investment to what little assembly plants you have here.
Sure, the US kicked in more total $$$ in the bailout but per capita we paid way more money, almost double the amount to save your sorry ass's. Lets see, 52billion from the US and 9.5 billion from Canada in bailout money. US has 300million people and Canada 30million. If my math is correct that means I wrote a bailout cheque to GM for $316 or $1266 for my family of 4. Your US family of 4 wrote a cheque for $693.
And to add insult to injury you guys only have a measly 3 manuafacturing facilites here but over 45 in the US. Something doesn't add up here?