Your Tax Dollars at Work .... In Brazil?

[Jeff S]

This ought to get you fired up.

General Motors to Invest $1 Billion in Brazil Operations -- Money to Come from U.S. Rescue Program

http://www.laht.com/article.asp?ArticleId=320909&CategoryId=12396

[utopiacowboy]

Heck, they just finished spending 300 million on a new plant in Russia. Then they expect US taxpayers to pick up the tab with their tale of woe. So typical of life in the new USSA. I'd ask where is Ron Paul when you need him but we don't deserve the guy. We ought to rot in this fascist enterprise that we have created.

[jm21-2]

It's a drop in the bucket compared to the trillions the Pentagon "misplaced," or the trillions of new dollars the federal reserve has pumped into the economy (1.5 trillion in the week before the bailout bill was proposed, if I remember right).

EDIT:
Wasn't there a provision in the bill (maybe it was only in the original bill) to pay off the bad loans of foreign banks. Like the United bank of Switzerland and such?

[the_ace33]

Well thats just great   

[no comment]

Correct me if I'm wrong... I understand that GM makes its profit overseas, not on domestic production.  The cost of domestic labor is high.  The company has to cover high retirement benefit costs for retired domestic workers. 

It seems that South American countries may have this advantage... they're willing to exploit their natural resources and the US... I don't know.  I suppose that president elect Obama will curtail future oil drilling offshore & in Anwar.  I believe that Peru and Colombia don't have free trade agreements with the US.  Peru is mineral rich and if they hitch their wagon to China's growing economy, they may do all right.  I understand that Brazil is already prospering from their trade with China.