I'm torn anyway. I'm as mad as anyone else here about the bailouts and especially about screwing the bond holders, but I don't want to see GM go under either.
If GM wants to manufacture in China and sell in China, I don’t have a problem. They shouldn’t be forced to operate unprofitabily in the US. But, those Chinese made cars shouldn’t be shipp5 back here.
Linking this to EV subsidies is arm twisting I don’t approve of.
The whole point of Trump’s tariff fight is that most other foreign companies are exercising unfair competition...that is, their governments are either subsidizing or actually own those companies.
Obama tried to implement that model here with his massive GM bailout, which was essentially a government takeover of GM. They still make a lousy product, guided by ideology rather than consumer demand or quality expectations, and even with a billion dollars of our money, they’re still going down. I read someplace that they are going to be building in China now, but I’m not sure this is true.
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I don’t like it either, but other countries subsidize their businesses too, or so I understand.
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The U.S. isn’t, nor SHOULD it, be like ‘other countries’. We’ve got a ‘controlling doc’ that specifically dictates otherwise (course, that was when it WAS followed).
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I’m torn anyway. I’m as mad as anyone else here about the bailouts and especially about screwing the bond holders, but I don’t want to see GM go under either.
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Why? What makes GM so “special”? I’m sure Honda, Toyota, Kia, hell, even Tesla, would enjoy buying up the tech, machinery and know-how should they go under.
It’s called creative destruction. If GM and the others go under, someone will fill the market void by starting a new American car company, free of the burdens the unions have imposed on GM, Ford, and Chrysler. More efficient, better product, lower cost.