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GM Spends $293 Million to Create Jobs in China!

From Reuters: "...General Motors said on Sunday it has agreed to set up a light commercial vehicle production venture with major Chinese automaker FAW Group, with total investment of 2 billion yuan ($293 million)...."

Now, I'm not the brightest candle in the candelabra... but didn't I read recently, that GM had filed for bankruptcy... that in order to survive it required tens of billions of cash from "we the people"... that this cash infusion was intended to keep it alive... keep thousands of Americans employed... save the industry and revitalize our economy.

Make no mistake about it, these comments are not intended to be anti-Chinese... it is a country of very intelligent hard working people. One that over the millennia has contributed much to the knowledge of mankind... it is not us against them... this is a statement of what "we the people" were told... this lead coffin of a debt was required to save OUR economy... it has become more than slightly obvious that we were, yet again, mislead (lied to?) by our elected representatives...

This agreement is yet more evidence that the Chinese are far better traders and bargainers than we... make no mistake about it, these international "deals" are reviewed by or involve numerous government agencies, not the least of which is The State Department...

I have no qualms with the concept of this joint venture... HOWEVER, it takes time and money to build plants; and time and money to hire and train new autoworkers... So please, would someone explain to me why this "joint venture"... is not using the several existing modern, shuttered, assembly plants ... hiring EXPERIENCED auto workers here in the US or even Canada... shipping American made light trucks and vehicles to China... Was not OUR money intended to employ OUR citizens... to buoy up OUR economy... or did I misinterpret the words of Speaker Pelosi... Senator Reid and Mr. Obama... I never did, nor do I believe anything that comes from the mouths of Chairman Bernanke or Secretary Geithner... the heroes and champions of Wall Street...

Hold it... hold it... the Congressional Budget Office has estimated that the cost of Mr., Obama's nightmare health reform will cost "we the people" a mere $1.3 Trillion over 10 years...* **293,000,000* (dontcha just love those 0's), going to China, to employ Chinese, would cover the first 5 months of his dream program, to provide health care for "we the people"...

And so my fellow Americans... I believe that I will sit back, put my feet up, sip on a marvelous Napa Valley wine, and wait for one of you fans of Nancy, Harry and "B G & O" to provide any really good explanation this latest... sorry folks... screwing over of "We the people" ...

For those of us who have any clue, and really care... the next national election is Tuesday, November 2, 2010... And none too soon... Throw The Bastards Out... ALL OF THEM...

Stan Brody
United States Mortgage Corporation
d/b/a MULTISOURCE SF Peninsula
www.playingforchange.com
http://stanbrody.blogspot.com/