As Predicted By AutoSpies.com-GM Saying Bye-Bye To USA Jobs And Nee Hao To China With YOUR Tax Dollars!

We'll ship the jobs to China so the Chinese will continue to buy our bonds. This is imperitive to continue to fund the bailouts and Obamanation takeovers of all remaining American businesses. Even more importantly, the money is needed to continue sending out the annual "stimulus" checks.

"This stimulus package will create or save 3-4 million jobs" Maybe someone should have told Obama's teleprompter that those jobs are supposed to be here in the US.

God Bless the USSA

— MOCON10 (View Profile)

Posted on 5/28/2009 3:09:40 PM | reply to this comment | Votes: 4   

MY COMMENT HAS NOTHING TO DO WITH THIS ARTICLE BUT HERE IT IS. AGENT001 THERE ARE TWO THINGS WRONG WITH YOUR QUOTE. FIRST IT SHOULD BE "IF YOU SEE SOMEONE THIS WEEKEND WHO SERVES OUR COUNTRY, THANK THEM!" SECOND WE SHOULD THANK OUR MEN AND WOMEN WHO SERVE THIS COUNTRY YEAR AROUND. NOT JUST THIS WEEKEND. JUST SOMETHING I NOTICED. -THANK YOU.

— t_sotello (View Profile)

Posted on 5/28/2009 3:09:53 PM | reply to this comment | Votes: 0   

Wow! As predicted... 001 is know-it all prick!

— Brembo (View Profile)

Posted on 5/28/2009 3:22:31 PM | reply to this comment | Votes: -2   

The reality is the UAW has driven GM to do what is best for profitability; find cheap labor.

Ideally, GM should declare bankruptcy and move its operations out of Michigan and out of the UAW's firm grasp.

Until then, GM will have to turn to countries abroad to locate cheap labor in an effort to seek profitability in these desperate times.

— Agent00R (View Profile)

Posted on 5/28/2009 3:35:45 PM | reply to this comment | Votes: 4   

I wonder where they got that figure from, is that just hourly wages? and the benefits packages on top of it fill out the rest of the $73 an hour average? imo Obama isn't the one to blame, its the Union babies. If Obama is putting the gun to the UAW's head, and the UAW still doesn't cooperate, pull the god damn trigger.

— Joe_Limon (View Profile)

Posted on 5/28/2009 3:38:05 PM | reply to this comment | Votes: 3   

Exactly Joe. These guys want money for inferior products. I hope they ship the factories to South Korea. They will kill 2 birds with one stone: make great products, and save a boatload of money.

— HyundaiSmoke (View Profile)

Posted on 5/28/2009 3:47:55 PM | reply to this comment | Votes: 2   

So now people will blame Obama yet again, while auto manufactures practice some homegrown capitalistic practices.

— henbmw (View Profile)

Posted on 5/28/2009 3:54:36 PM | reply to this comment | Votes: 0   

Big business and governments worldwide have been pushing for globalization and integration of economies. This is the result, why should we be surprised? It has happened in several industries and will continue to do so.

— _43LE (View Profile)

Posted on 5/28/2009 3:59:52 PM | reply to this comment | Votes: 3   

I'll say shut GM down and put heavy tax on imported cars. This is good for government revenue and environment. Wait..... can we even do that after all this horn-blowing "beautification" of globalization?

— dlin (View Profile)

Posted on 5/28/2009 3:59:59 PM | reply to this comment | Votes: 1   

where is the cost of doing business in germany or Japan? Ohh that was left out un pupose by the Whasington post to make the UAW look bad when in reality it cost evan more in those two countries than the US, also what ever happend to the hyped up $75 an hour figure looks like it to is just more Bull-sitt.

— 1UAW (View Profile)

Posted on 5/28/2009 4:00:27 PM | reply to this comment | Votes: -3   

You guys hate Socialism, but we are competing with Socialists who nationalize companies on a daily basis, and give money to their companies as if they are Daddys Little Rich Girls.

Yet, we want to get mad when we cant compete, much less win globally. Its our fault for remaining so ignorant and hostile towards Socialism here in America. We lobbied our legislators to keep everything Corporatist here, and we got what we want; at our expense.

History shows from: Civil Rights, to the Environment, to Drug Legalization, to Corporate responsiblity; Americans have a resistance to whats good for us in the long run. We are like a kid with the Flu kicking and screaming when mommy wants to give us that TheraFlu that could make us feel better.

The very reason why the Founding Fathers hated Direct Democracy. Its a shame states like California, Ohio, and otherz are violating that convenant.

— HyundaiSmoke (View Profile)

Posted on 5/28/2009 4:42:28 PM | reply to this comment | Votes: 0   

We need to stop the ignorant among us from influencing major policy decisions. We also need to liberate our society from being ran by Lawyers, Drug and Food Companies, and Insurance Companies.

— HyundaiSmoke (View Profile)

Posted on 5/28/2009 4:47:33 PM | reply to this comment | Votes: 0   

UAW has killed the golden goose, it's time to face the sad truth of Globalization.

— sector (View Profile)

Posted on 5/28/2009 4:54:40 PM | reply to this comment | Votes: 4   

Lawyers and Lawyer Politicians, have destroyed the fabric of this society, by over legislating everything, and under legislating the right things.

1. Drugs should be legal

2. Gay Marriage is over legislated, and that should be a states rights issue.

3. Racial slurs and Confederate Anything: money, flags, air force, etc.. should be illegal

4. Guns should be legal, and gun registrations should be a constitutional question settled for a later date.

5. Private Sector ownership or subcontracting of Government functions should be illegal as well.

If I was The Obama, I would tackle those issues head on.

— HyundaiSmoke (View Profile)

Posted on 5/28/2009 4:58:14 PM | reply to this comment | Votes: -1   

If the Gays want rights, its time to make them work for it. I think Gay Jim Crow Laws in some states are needed.

If we keep everything the way it is now, it will be hard for people to feel sorry for gays, however. Lets just hope the cops dont gun down 50 gay demonstrators one day, a possible reality in a nation full of overtrained and underempathetic trigger happy cops. If that happens us anti gay marriage supporters are doomed, as the gays will turn that into a Civil rights issue that will sway national opinion.

— HyundaiSmoke (View Profile)

Posted on 5/28/2009 5:13:55 PM | reply to this comment | Votes: -2   

WOW....GM starts to show more levels of failure/stupidity in the very near future. Just like their GM Trucks/SUVs, just because it made tons of profit, it evidently shows it will become a failure for the long term. Just like the move to communist China. There will be high levels of backlash by their own American people on the GM brand in the very near future. And will open doors on all other brands to captilize the U.S. Consumers. While chinese made GM cars will be built with sound insulation filled with asbestsos, low grade metal frames filled with lead. Plastic panels that over a 3 years time will start to get oily and emit toxic fumes for whatever reason. And the crashsafety for these vehicles...nothing good to say there either. It may sound what I have said be, too over the top. But considering the history of chinese manufactured products and the poor track records that are surfacing faster than you can say "Cat in the hat"...Remember when the U.S. Government had nothing but bad things to say about a "Communist country?!?!?"....what is the "EXACT!" reason again?....You FOOLS!!!.... When will GM, especially the White House ever learn...?!?!?....As for the U.A.W(in this day & age....forget your job rights & what you believe in good Ol' U.S.A.).......cause either way you are SCREEEEWWWWEDDDDDD!!!!.....OHH!!! And by the way...is this how U.S. pays back China for all the BILLIONS China had to shell out to the U.S. cuz the country is a bunch of broke asses!!!

— BigShow50 (View Profile)

Posted on 5/28/2009 5:19:45 PM | reply to this comment | Votes: 0   

You guys are a hoot!
GM slowly goes under and it's the worker-bees fault, not the suits with their hands on the wheel?

— johannas (View Profile)

Posted on 5/28/2009 5:34:00 PM | reply to this comment | Votes: 1   

How about looking at it from this perspective...

If you have an infection in the arm, perhaps you have to amputate, in order to save the rest of the body...

As with GM, sometimes, you have to give up the jobs temporarily to China, in order to get the company healthy again, then you could start to heal from there...

— ThierryHenry14 (View Profile)

Posted on 5/28/2009 5:35:59 PM | reply to this comment | Votes: 0   

GM with a 100 years in the car game....there's really no more excuses for their actions. UAW/CAW wether it's their fault or not, they are SCREEEEWWWWWED!!!...and just like GM they did not think for the long-term to avoid this sort of ordeal!!! As for those so called white-collar execs, bad economy or not, it was only a matter of time before the nightmare begins....c'mon guys the proof is already in the pudding!!!

— BigShow50 (View Profile)

Posted on 5/28/2009 6:14:47 PM | reply to this comment | Votes: 1   

Wow ! More Repulican "party of No" as a economic policy talk comments.
GM is investing in China ... why ? Because they are the only ones buying GM products !!!! China has been the only market that GM has made top dollar.
US operations are distinctly different and make distinctly different cars. More to the point if you really follow whats happeneing in China, you will see that the Chinese are pushing for the sub 1.6l engine capacity cars to rule the future growth of the market. (i.e. they have only 1% tax as opposed to 40% for anything bigger)

001, you run a website that makes you money. I would have thought you were far more levelheaded in basic business and market research to make such a poor statement that is nothing more than right wing chatter for their "brown shirts".

— izfuney (View Profile)

Posted on 5/28/2009 6:16:10 PM | reply to this comment | Votes: -1   

American jobs have been going to China ever since Reagan became president. What's new?

— DinamoR (View Profile)

Posted on 5/28/2009 6:17:50 PM | reply to this comment | Votes: -1   

Funny how these know-it-all right wingers come out with their panties in a bunch as soon as they loose power. When they were in charge, you didn't hear a peep from people like Agent001. And they are the ones who created this mess.

— DinamoR (View Profile)

Posted on 5/28/2009 6:22:10 PM | reply to this comment | Votes: -4   

Agent00nothin',
I've been on this site pretty long and I don't recall autolies predicting jack squat.

Mocon10,
No matter what, China will buy U.S. bonds because they have to.

The only thing that will wake Americans up is the war with China that you so badly need. That Walmart t-shirt that cost $1.50 won't seem so cheap when their kid has to pay with their life because Walmart is funding China's military buildup.

Hyundaismoke,
Korea subsidizes their companies. How long before China bleeds them dry too?
btw, Go Obama! LOL

43LE,
Globalization and free trade only exists in the West, everyone else just uses commerce as a direct extension of foreign policy. Americans and the West are too enamoured with everyday low prices to worry about it though.

isfuney,
You must have missed or ignored the article last week indicating GM plans on importing Chinese made cars in 2011.

Everybody, keep N.America roling, buy Japanese.

— huu76 (View Profile)

Posted on 5/28/2009 6:40:52 PM | reply to this comment | Votes: 4   

I forgot. I wonder how the retarded 53% of American voters feel now that they realize President Jesus and the media played them?

Romney/Huntsman in 2012 just became a helluva a lot easier. Obama might pull a Dubya and make it next to impossible for a Republican to lose.

— huu76 (View Profile)

Posted on 5/28/2009 6:46:07 PM | reply to this comment | Votes: 4   

Gee if GM is losing sales now....just wait till they start bringing cars over from China!!!! At least the Japanese build plants here in N.A. and create jobs!!!

— doctorproctor (View Profile)

Posted on 5/28/2009 6:46:26 PM | reply to this comment | Votes: 1   

Good, death to the f'ing UAW!!!

:-D

— EL34 (View Profile)

Posted on 5/28/2009 7:19:51 PM | reply to this comment | Votes: 3   

Isn't there some car stuff we should be talking about instead of politics crap?

— answer (View Profile)

Posted on 5/28/2009 7:21:41 PM | reply to this comment | Votes: 1   

We can talk Bush vs Obama all we want. The point no one is making is how influential the unions are to whoever is running. They have cash and they have votes; they had power from day 1.

Obama is smart, i will say that. But anyone who really preaches a socialist government structure should go live in a socialist country for a while. Sure if you a loser stoner who just wants to chill and work at a coffee shop you will love it. But personally i like my job, and i like it that i can make more money then most people because i am good at what i do and i work hard.

I dont want to make this too political (even though it already is on here) but unless you are the loser working in the coffee shop, or driving the Hyundai and not the Porsche, socialism is horrible. No hand outs, unemployment shouldn't pay more then minimum wage. Make yourself smarter instead of getting baked and playing wii.

As for cars GM cars in china... if they are going to live there why not? They build X5's in Spartanburg, South Carolina, let them build Aveo's in china, it should be the last thing we worry about.

Libertarian for life.

— Timzilla (View Profile)

Posted on 5/28/2009 7:43:58 PM | reply to this comment | Votes: 0   

Once again, the subcompacts in this discussion are a very small part of the current market and GM sales. And the video says that GM's relative success in China props up entire GM worldwide.

And how's this different from GM currently importing cars from Mexico/Canada? Same exact reasoning, but it's not China. Is location the only difference in opinion? I would expect a GM product made in China to be equally as good as a GM product made in Korea, or Mexico, or Canada, or Ohio. Other car makers have been able to figure that out, I am sure GM has as well.

— chewy (View Profile)

Posted on 5/28/2009 8:49:57 PM | reply to this comment | Votes: 1   

Chewy,
CAW pays summer students $26/hr in Canda. Difference is working standards and laws are the same, everybody is on equal footing (I don't include Mexico).
If anything, GM should be demanding a bailout from China.

China not only suppresses its currency (anyone notice the Yuan has followed the greenback downhill the last few months? I didn't think so) but it basically has no laws for workers. You want more money, here's a bullet in the head, next slave please.

Oh, and the US stimulus package is supposed to revive the US and global economies while China states its stimiulus is purely to keep the citizens employed until the US economy pulls them out of the doldrums.

Gotta laugh at all the union boys electing Jesus thinking he'd save their jobs. Obama's reason must be "you're better off homeless and unemployed, trust me, I'm the first black President and the media loves me so screw you...and I just got a dog."

DinamoR,
Ummm, Bubba Clinton recinded the law that was put in place after the depression to keep this sort of economic BS from happening again.
Have you noticed that every major power in teh world is securing oil supplies? Guess big bad Bush had some foresight to claim Iraq before China did. Its a crappy reason but its reality. That's alright, Democrats always like to have it both ways.

— huu76 (View Profile)

Posted on 5/28/2009 10:29:56 PM | reply to this comment | Votes: 2   

Couple of thoughts on 001. First, I really hate it when you and 009 hype your "insight" and "first to post" sentiment. This prediction of moving more operations to China is old news, and not just old news for GM but for Corporate America as a whole. Secondly, you and 009 are in So Cal I believe, home of the Republicans and the free market gov't-hands-off belief. So what's wrong with GM trying to find their cheap cost production base, isn't that what free market believers like you have been screaming all these years? Let these companies do their thing because they know their business the best and gov't should just stay the hell out? As to your comment about spending our way into more debt, I'll grant you and the Republicans know that best. That's right up your alley. The fact that Obama now has to spend to solve the economic and financial crisis that the Republican managed to get the world in only speaks volume about taking on the problem as it arises rather than sit back and wail ideology.

— nguyenvuminh (View Profile)

Posted on 5/28/2009 10:34:30 PM | reply to this comment | Votes: 1   

nguyen and DinamoR,
Glass/Steagal is the law put in place after the depression that was to prevent investment banks from buying commercial banks and all the other shananagans that result from being able to loan other people's money to yourself. Clinton couldn't veto it but he was hardly against it.
As for blaming Bush. What would you call the tech bubble that burst and the housing bubble that was well on its away when Dubya got into office? The only bubble Dubya can be blamed for is the resource/oil speculators jacking up prices.

I wonder how many sales GM would lose if they proudly advertised they were moving American jobs overseas? I wonder where the point lays when the public says enough and boycotts anything not made by a Western country.

— huu76 (View Profile)

Posted on 5/29/2009 12:35:28 AM | reply to this comment | Votes: 2   

Not General Mandarin

Either:


1. Gyspy Motors
2. Guangzhou Motors


Well they are Gypsies. Thenk about this for a sec guy. They promise people with a quality product, people buy it, and of course it breaks a lot. They are the modern equivalent of a Snake Oil Salesman, these guys!!!

— HyundaiSmoke (View Profile)

Posted on 5/29/2009 2:34:26 AM | reply to this comment | Votes: 0   

Gypsy'

— HyundaiSmoke (View Profile)

Posted on 5/29/2009 2:34:53 AM | reply to this comment | Votes: 1   

huu, if you're going to go back to history, go back to Reagan and Thatcher. That's when Hands off Gov't mentality became truly popular. As to your reference about bubbles in years before Bush, just say it, Clinton years. FYI, 93-95, Clinton had a Democratic majority in both Senate and House of Reps. But from 95 - 2001, Clinton had a Republican majority in both Senate and House of Reps. And know your country's gov't system, the Senate and House of Reps and their members legislate regulations and policies, you know, that led to your aforementioned tech bubble? And Greenspan's faith in supply side economics? Lastly, regarding Bush, he had his party majority and he screwed up foreign policy, allowed spending to freewheel (and I don't just mean the Iraq war, aka the War of Mass Deception), and heavily undermined regulations. "Resource/oil speculators.." yeah right, Bush would dream that's his shortcomings. Inadequate regulations plus overdose of supply side driven credit, that's the main reasons behind the economic crisis as agreed by economic and financial institutions. Your economic and history analysis is poor at best.

— nguyenvuminh (View Profile)

Posted on 5/29/2009 3:07:18 AM | reply to this comment | Votes: 0   

One more thing huu, if you're going to refer to years before Bush, the key player during that period is Greenspan. He did a fabulous job of helping the country get out of the recession of the elder Bush in the early 1990s, but he also swore blind allegiance to supply side economics and free market mentality from his earlier success. His work in the 2nd half of the 1990s was recently regarded as the seed of deregulations, over reliance on free market efficiency. He himself admitted to this 2 months ago in front of Congress. The last time I check, he's not a Democrat either.

— nguyenvuminh (View Profile)

Posted on 5/29/2009 3:12:42 AM | reply to this comment | Votes: 1   

The CNN report is misleading in that GM has stated that they are not using tax dollars to expand in China. GM has said all along that tax dollars are being spent in the U.S. We buy GE, Phillips, RCA, and other America based company products that are made in China, so what is the problem with buying GM products from China. Our government started this in action decades ago, by allowing far east vehicles into this country, while the far east countries have essentially kept a closed market to our cars. Tell me what is fair about that "fair trade"?

I love the products that GM has been putting out the last few years, and the future product pipeline is loaded with products that will blow us away. Once GM is out of bankruptcy, and sales of cars get up over 13M SAAR, GM will be paying off their taxpayer debt, and buying out the government and UAW interests in the company. GM should be a privately held stock held company within 10 years.

— detfan (View Profile)

Posted on 5/29/2009 6:47:04 AM | reply to this comment | Votes: 1   

Growing up in Oshawa, Ontario dubbed "The City that MOTOVATES Canada" is whacked by this GM move. Try and figure this... GM Oshawa has two plants and they were ranked #1 and #3 in all of GM factories. Why would they close one of them. THis is insane. Take your #3 overall plant in quality and productivity and close it. Keep a US factory that is deemed #14 and keep that running. Makes no sense.
Now move this manufacturing to China? GM could have starred in the movie Dumber and Dumber.

— pageman (View Profile)

Posted on 5/29/2009 12:17:53 PM | reply to this comment | Votes: 2   

"Ni juede wo hen ben ma? Gan ni lao shi." ^____^

— Jordanski (View Profile)

Posted on 5/30/2009 12:12:29 AM | reply to this comment | Votes: 1   

nguyen,
I'm Canadian, I know both country's gov'ts well. Bush wasting money on Iraq? President Jesus isn't cutting back, he's just shifting the money to Afghanistan ("The War of positive media perception" now that Obama is sending people there to die). He also has done nothing to reign in oil speculators. Have you been following the price of oil lately?

As for Clinton, majority or not, he can veto anything that isn't 2/3rds so if he wasn't too busy invading Monica, he might've had a clue what was going on. Did you not notice I mentioned Clinton couldn't veto the bill that rescinded Glass/Steagal? 98-1 (with 1 absent) is just a bit higher than 2/3rds majority.
On free trade. The Republicans may have thought up the idea of sponsoring China's ascension into the WTO, but it was union loving Democratic Clinton who followed through with it.

No, stupidity lead to the tech bubble. Blindly pouring money into any startup has nothing to do with gov't regulations, just like people are free to throw money any which way in the stock and bond markets without knowing what they are doing. Its herd mentality at its worst.

detfan,
GM might not use the bailout money directly to invest in China, but they'll take the money that the bailout replaces and invest that instead.

— huu76 (View Profile)

Posted on 5/30/2009 2:05:46 AM | reply to this comment | Votes: 1   

huu, if you're so up on history, then read it again. How do you get out of a credit and confidence crisis, what's left of the stock market, what's left of capital? What do you suggest, let 15%- 20% of the population and a global economic crisis go unattended as you protect your ideology? You're a sad case of back seat driver, on the wrong road. Get off you f...g ideology podium. If you're the only remaining entity that can mobilise fund base on credit, you go into debt to keep people working. Why don't you tell your Canadian gov't what business do they have supporting American car companies.

"If you take a look around the world, the strongest economies have governments playing an active role," said McGuinty.

"Free markets are alive and well, it's just they have a new partner, and that's the government."

Thank God your own gov't is smarter than its own citizen such as you.

— nguyenvuminh (View Profile)

Posted on 5/30/2009 9:32:52 AM | reply to this comment | Votes: 0   

nguyen,
VOTES, that's why. The UAW/CAW (justlike the NRA) are huge voting blocks. The forestry industry isn't getting any real aid because their vote is fragmented and they don't get the media coverage that sways voter opinion. Go back to school professor.

Gov't is best to promote business and provide regulation , not running businesses and protecting monopolies (i.e. USPostalService, PetroCanada didn't make money until it went private, Atomic Energy Canada's latest project is 600% over budget and its just a reno, not even a new reactor). Private enterprise works most efficiently, gov't's role is to prevent them from getting out of control or harming the public.
Canada's banking industry is the best example. Our chartered banks make money, the gov't regulates them, and we don't end up like the U.S.
The Canadian/Ontario gov't would've let GM and Chrysler Canada die if they didn't bring their costs inline, that's how you force them to be viable, not buying them up and making everybody a civil servant.

As to your question of how to get get out of a financial crisis. You stabilize the markets by making sure consumers have the confidence to spend, not throwing money into a black hole (i.e. America's stimulus package/Corporate bonus cheques). The stimulus package has done nothing to alleviate people's fears of losing their jobs, its just made them even angrier. In fact, people are more scared of how they're going to pay for the deficit that President Jesus' stimulus package is racking up (its inevitable, your taxes are going up).
My plan on a moratorium on foreclosures would've worked, but it doesn't buy many votes nor does it payback favour owed to lobbyists, unions and the other people who don't exist in Obama's administration.

You fobs should stick with what you know best, driving around in your parents leased BMW.

Name one gov't enterprise that's more efficient than a private one. Any foreign company (i.e. airlines) controlled or heaviy subsidized by the gov't are lucky they'd break even. China's corporations look great if you ignore that their liquidity comes directly from the central gov't, interest free.

— huu76 (View Profile)

Posted on 5/30/2009 1:48:56 PM | reply to this comment | Votes: 1   

I forgot, failure produces opportunity. U.S. unemployment is nearly 10% already, not far off from your 15%. 3 trillion dollars a year would cover alot of social services in the interim.
What do you think happened after the early 90s, more people went into business for themselves and the job market changed from manufacturing to services.
If a bank fails, another one will take its place. If GM fails, Ford will take its place and hopefully learn from GM's mistakes.

Can't wait to see what you dig up.

— huu76 (View Profile)

Posted on 5/30/2009 1:55:10 PM | reply to this comment | Votes: 1   

huu, "...US unemployment is nearly 10% already, not far off from your 15%..." Yep, you just validated my point. If it wasn't for Obama's, and the Euro's, and Japan's, and China's, fiscal stimulus package, it would have been worse. End point and thank you for your support huu.

— nguyenvuminh (View Profile)

Posted on 5/30/2009 7:52:35 PM | reply to this comment | Votes: 2   

Swing and a miss.
Nice try. It doesn't surprise me that you completely missed my point. And don't botther trying to runaway, you're out of your league.

President Jesus wasted billions (soon to be trillions) of dollars on bailout that has done nothing to save jobs or spur spending (your GDP dropped 5% btw). Unemployment will hit 10% regardless of his stimulus and will continue to rise as long as corporate America isn't held accountable for the money he's giving out. No stimulus would result in roughly the same unemployment rate give or take a couple %.

The U.S. federal budget is approx $3 trillion, this year's deficit alone is projected to be $1.2 trillion ($3 trillion over the next 2 years). Bailing out banks and auto companies so they can ship jobs elsewhere or fix their balance sheets (instead of loaning out money like they were supposed to) does nothing, the 1.2 trillion would've been better spent on social services to directly keep people spending (even if they save half, that's $600 billion straight into the U.S. economy instead of some execs bank account).

Lets see what excuse you have next. Batter up :)

— huu76 (View Profile)

Posted on 5/30/2009 11:28:00 PM | reply to this comment | Votes: 1   

Oh, and since you probably can't figure it out, $600 billion spread over 30 million people is $20,000 each. How much spending has Obama's buddies spent with the $600 billion they received? LOL

— huu76 (View Profile)

Posted on 5/30/2009 11:30:14 PM | reply to this comment | Votes: 1