The mammoth taxpayer-funded bailout of General Motors at the start of President Obama’s first term was a slap in the face to the many other companies and businesses that were struggling financially. While there are those who say that it helped the auto industry survive, it also prevented the overextended GM corporation from declaring bankruptcy and restructuring to shed itself of unreasonable union rules and personnel and hoary labor regulations. And the U.S. corporate tax structure, highest in the developed world, ensured that continuing to do business in the U.S. would be difficult, at best.
The claim now is that GM paid the loan back and all is right again. But that is an overstatement of gigantic magnitude. The bailout was a huge giveaway to organized labor which now owns a significant portion of the company, and the coming release of the Buick Envision, a luxury crossover vehicle in summer of 2016, is sure to have many politicians and workers crying “foul” and demanding a replay.
Why Envision is a problem, page 2:
Those 11,000 IT jobs would be here anyways. Your putting a spin on this David Spiegelglass
Boycott Buick.
Don’t buy one.boycott.
LOL,.
That is why our economy is slowing to a halt and theirs too. They sent our jobs to China which means we have less money. This means we buy less. The people in China can’t afford it because the pay little change 20 cents an hour, so the factories in China slow, and they fire people. In short you cripple or collapse the world economy. Am I wrong?
Problem is we don’t make anything anymore. That’s why our economy is in the toilet.
I’ve had 2 buicks and will not buy another.
most stuff made in china is junk
It’s funny that this post makes no mention of the fact that ford and fca also make models in China the models that are built in China are for the Asian market and will not be shipped back to the U.S
I wish people would do some research for themselves before making post and comments.
And the sad part is that these people don’t understand is the fact that they are built for the Asian market with parts shipped from America.