In the end, the money that towns across America gave General Motors did not matter… G.M. walked away and, thanks to a federal bailout, is once again profitable. The towns have not been so fortunate, having spent scarce funds in exchange for thousands of jobs that no longer exist.
Posted in China, Editorials, High Finance, Industry, News Blog
Tagged as abandoned communities, general motors, GM, tax abatements, us taxes supporting chinese development
Tagged as abandoned communities, general motors, GM, tax abatements, us taxes supporting chinese development
Recent Comments
Kyree S. Williams - That was very well-said. I completely agree with you.
wmba - Hey Matt, why waste this opportunity? Get onto Guinness and apply for a World Record post haste. It’ll put you right up there with your...
Joss - Better orders at the Paris Air Show…
wumpus - From wiki “24.6% of Germany’s comes from lignite power plants.” And they are shutting down the nuclear...
Buickman - perhaps but the banks are busy buying their rinsed baby back from Uncle Sam.
Onus - The government doesn’t approve anything on vehicles. The us operates on a self certification. The manufacture certifies to the us government that what they...
wumpus - Mosler just went out of business. They had unbelievable performance and great mileage. They also looked like they were designed by engineers (the typical...
raph - you forgot politicians which account for 99.99% of that other 87%
NoGoYo - No. The 3900 is based off the 60 degree V6 engine family, while the 3800 is the old Buick V6.
Athos Nobile - Where are those parts? I’ve found so far rockers and headers. Can the 3.9 heads be fitted in the 3800?