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:
Thank you Obama, every deal you made sucks
So much for made in America huh
Exactly why I bought a Dodge
Still I will boycott they say they won’t or don’t but probably do
Design doesn’t mean c**p the manufacturing is still in China Wich means our people aren’t making them here they do it because it is cheaper
GOVERNMENT MOTORS, says it all.
Yeah but Ford wasn’t bailed out by the government, they sell on their own merits.
Really? As if they don’t have big enough quality issues already?
Next time let the chin bail you out!
And the Asian market isn’t helping Americans ….made in USA is what needs done bring jobs back to our own country if China n Asians are Buick builders then let them live there also