« Back to story "About jobs being lost overseas - Under Restructuring, GM To Build More Cars Overseas"

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Posted by: pc25 7 months, 4 weeks ago

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pc257 months, 4 weeks ago

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This begs the question why bailout the BIG 3

As a result, the long-simmering argument over U.S. manufacturers expanding production overseas -- normally arising between unions and private companies -- is about to engage the Obama administration.

Essentially in control of the company, the president's autos task force faces an awkward choice: It can either require General Motors to keep more jobs at home, potentially raising labor costs at a company already beset with financial woes, or it can risk political fury by allowing the automaker to expand operations at lower-cost manufacturing locations.

"It's an almost impossible dilemma," said former labor secretary Robert B. Reich, now a professor at the University of California-Berkeley. "GM is a global company -- so for that matter is AIG and the biggest Wall Street banks. That means that bailing them out doesn't necessarily redound to the benefit of the U.S. or American workers.

Obama HAS NEVER RUN A DAMN THING IN HIS LIFE AND IT IS BEGINNING TO SHOW.......THE PRESIDENCY OF THE US DOES NOT LEND ITSELF WELL TO ON THE JOB TRAINING

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