Actually if the investments in foreign countries are profitable it makes more sense to put the bailout money there than to invest it here where there is no chance of a profit.
The question though is where does the government get the authority to invest in companies? Is Nancy Pelosi or her good buddy, going to be the next chairman of GM?
To carry that a bit further....GM and Ford need to take a page out of Phillip Morris...which split into domestic MO and international PM. Then if ‘American’ lawyers/unions/Obama want to dig a hole and bury the domestic company, dig away!! At least the rest of the planet doesn’t have to put up with the ‘Party of Suicidal tendencies’!!!!
Sorry, but I thought this was about American jobs. No, I am not pro union but we need to think about building jobs in America. The Big 3 will be profitable in foreign countries. They do not need our help there. They need our help here if they are willing to work with us.