Of course, when a foreign firm opens shop up in the U.S., the protectionist retards yelp that “the profits are going overseas.” So what’s it gonna’ be?
Well the way things are headed, the “way it’s gonna be” is that people like you will continue to sell every job and asset in America until eventually there’s nothing left to sell.
At which point our once-mighty nation, by then racked by never before seen levels of poverty and joblessness, will have nothing left. No jobs. No talents. No factories.
Our military broke and without industry to support it.
And America will collapse. Forever gone.
It’s that simple.
Wake up people.
Tsk, tsk, tsk. Your nascent buy-American persona seems to have died aborning, rudester.
Pity, that. It was very entertaining for a couple of days.
I haven't looked at GM's EDGAR filings in a long time, but I would be surprised if much (if any) of these "profits" are repatriated.
I believe that GM's sales in China are actually under joint ventures with Chinese partners ("New GM" now has less than a 50% stake in each of these, I believe), and the ostensible profits are mostly retained by the JVs.
In their most recent 10-Q (you should be able find it by browsing through http://www.gm.com/corporate/investor_information/sec/), I didn't see anything about large amounts of profits from these ventures; in fact, on page 71, the 10-Q says "The increase in vehicle sales related to our China joint ventures is not reflected in Total net sales and revenue as China joint venture revenue is not consolidated in our financial results."
However, I haven't kept up with GM, and certainly the split between "New GM" and "Old GM" doesn't help the clarity of these filings. I think that we have at least a few posters who know quite a bit about GM's international operations, some maybe one of them will chime in.
I thought the same thing but would be unable to say it so well as you did. BTTT.