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:
No thanks, bring the jobs back to USA!
i wonder if china would be building buicks if trump were prez?
i do not buy gm,government motors,welfare company
No American should be by this automobile !!! That’ll ease it taking American jobs, but I’m sure the software in the automobile can probably be manipulated or hacked into, for who knows what nefarious purposes !!!
POS TRAITOR OBUMA SHOULD BE MADE TO PAY ALL OF US TAX PAYERS BACK FOR THE WASTED MONEY HE GAVE THE UNIONS!
After Obama gave GM to the unions…
They start importing from China!!!!
How hypocritical!!!!
And politicians wonder why people are voting for Trump, do you think Trump would give money to a company then have them take all the jobs and give them to a competitor? Only our stupid politicians would do this no business man ever would!
I’ll never buy a Chevrolet because they are a fine example of whats wrong with our government and big business. Our tax money was spent to make China better. Ban Chevrolets.
No thanks
Nooo China car for me!!!!!!!!!!!!