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:
buick already produses some models in canada and poland as well as south korea,my only issue with china is it’s still a communist country,if i had my way,they would be riding bicycles now,thanks nixon,carter and obama.
Boycott
It was designed in the US, but they have given China our jobs to manufacture what we should be manufacturing. No Buick for me!
the big-wigs CEOs and stockholders as well as the politicians who allowed this to happen reap the benefits,chinese workers get the paychecks,american workers get nada,zero,nothing.
Oh these will be safe……WTF? I guess we didn’t learn from tainted baby formula, lead crayons, tainted dog food and the list goes on. This is why bail outs are wrong. Bad decisions create the need for a bail out and don’t go away after the bail out. This is proof. Not to mention that it takes jobs away from our guys.
The deaths on road will increase by a significant percent after these chinese built vehicles hit the road. Wait and watch.
why would they have to made a whole new plant in kc, ks they used to make buick, pontic, and oldsmobile all in the same plant, so why could they not make this auto in an exesting plant? its all about where they can make the most money,
Go to hell GM and take your China junk and put it where the sun don’t shine
It’s there fault!
I won’t buy one!