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To: AfricanChristian
I hate GM for many reasons, but this can't be one of them. When demand gets high in Foreign markets for a product, the natural product cycle is local productions. It is not realistic for GM to drive huge Chinese volume from the US. Japan makes cars in the US and BMW exclusively makes it Crossovers in the US.

But let me pose this question.. We all don't like China having all those US dollars! So how do we get them back? Well GM is investing Chinese Renminbi to produce cars, sell them in Renminbi and make a profit in Renmibi. To bring back profits to the US, GM will convert Renminbi to USD from Chinese reserves and send DOLLARS to the US. GM can then invest US $ in the US economy.

Unfortunately since the US taxes patriot profits, companies tend to send those profits to Belgium tax free the invest the capital elsewhere. GOOD thinking liberals- what is a tax to appease big labor is hurting the US economy.

12 posted on 09/22/2011 12:58:07 PM PDT by 11th Commandment (http://www.thirty-thousand.org/)
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To: 11th Commandment

AMEN!!!!!!


24 posted on 09/22/2011 2:59:54 PM PDT by True Republican Patriot (May GOD SAVE OUR AMERICA from ALLAH and his Prophet, HUSSEIN OBAMA!!)
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