Don't Bailout General Motors!!!

[shintao]

People, we are not using our heads here by supporting the GM bail out. First off, it is anti-capitalist to bail out the largest automaker in America, who was allowed over the years to shut out smaller business of automobiles, mileage carburators, and defied America's want for clean emmission cars or alternates to combustion engines years ago. Let smaller more innovatative step up and make cars for America.

The real show stopper, is that GM is Global. They have their factories all over the globe, and are not using American labor or American products to build their cars stuck full of European metrics & technologys. One must ask, why should the American taxpayer bail out a company that is using foreign labor and foreign parts?? Are we crazy? Why should I save a foreign workers job in China, S, Korea, or Canada or Mexico, and the list is long folks.

I am for protecting the UAW union workers, but not for the sake of a Trillion dollars be asked. If we must bail out GM, let them first sell out their foreign assests and use their own foreign capital to bail themselves out. Give the auto workers unemployment until GM gets their act together.

Here is some snips, followed with a GM website pointing out their foreign companies around the globe - that hire no American workers or use American products. Be Mad! Contact your representative to stop the bail out.

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Mark Zandi, chief economist at Moody's Economy.com, told the Senate Banking Committee on Thursday that even the $34 billion that the executives of the three companies pleaded for would hardly be enough. Detroit eventually would need $75 billion to $125 billion to avoid almost certain liquidation over the next two years.

$1 trillion in losses
Ford and GM executives pointed to an estimate by J.P. Morgan that the automakers' failure could trigger $1 trillion in losses to the banking system. Levin described that scary figure as key to persuading Paulson to allow automakers access to the $700 billion.

http://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2008/12/04/MNE714I5VL.DTL&tsp=1
http://hosted.ap.org/dynamic/stories/C/CONGRESS_AUTOS?SITE=AP&SECTION=HOME&TEMPLATE=DEFAULT

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Globally owed GM Corp.


2008-08-18 General Motors Egypt Inaugurates $32 Million Paint Shop Investment

Miramar, FL - General Motors Latin America, Africa and Middle East (GM LAAM) region broke another record in Q2 2008

General Motors South Africa grew its market share by 0.6 percent through the period January through October 2008

2008-11-04 GM Showcases Production Chevrolet Volt in Shanghai

2008-10-20 GM, PATAC, Autodesk, EDS, HP, Siemens and Sun Microsystems Establish PACE Center at Jilin University

2008-10-16 GM India Launches New Chevrolet Aveo U-VA
New Delhi - General Motors India today launched the new Chevrolet Aveo U-VA

GM Japan

S. Korea 2008-10-29 GM Daewoo Introduces All-New Lacetti Premiere Dynamic Compact Sedan

Australia GM Holden's highly acclaimed VE Commodore range has won the carsales.com Ltd

The list of GM COmpanies around the Globe is exhausting. Read http://media.gm.com/help.html#