Um… I don’t remember China bailing out GM. I thought that I and my fellow taxpayers – here in the good ol’ U.S. – bailed out the company. The CEO of GM speaks:
Calling China “the crown jewel in the GM universe,” Chief Executive Daniel Akerson said the automaker plans to launch more than 20 new or redesigned cars in China over the next two years.
Is this why we bailed them out? So they can grow elsewhere, the stock market can rise, and jobs/income don’t?
When we spend taxpayer money on bailouts, the government should condition the money on benefits (jobs and profit) here. When the government buys stuff, it should Buy American. When the government gives R&D tax breaks, it should condition those tax benefits on companies who agree to make the products here… or forfeit those tax breaks.