Yes Japan and Europe even stated there needs to be bridge loans for US auto makers. These are loans with terms, NOT freebie handout welfare monies like the US banks received in over $350 Billion to date... Even after yesterday's historic interest rate cut to .25% banks still are NOT loaning new monies- they are only trying to refinance current loans on book of highest credit so this smoke & mirrors needs to be understood by people better...
When people realize the USA and world is run & controlled by the banking system(s) then they will see a far different picture. This was all created in 1933 (Fed Reserve instituted) after the last great depression to have a banking system that controlled everything and manipulated how business, industry and peoples' wealth would be dictated over time.
Anyway, yesterday in China, GM opened a new manufacturing plant to produce like 150,000 units per year from that location which is verty positive news. GM is doing fine around world basically and they do have funds, but it is the ongoing US operational costs killing them which sadly, the labor unions are at the heart of it plus fact the retirees now outnumber workers by 3 to 1..
But I know many who lost everything and have had to reduce their living standards, and though it is not nice nor fair many times, these high paid union workers are going to have to realize they too are not exempt to what is now going on in the USA, and are going to have to live on less materialistic items and reduced incomes and lower standards of living too...
But, all of this was warned would occur over 20 years ago when NAFTA first came about, but political events and lobbyists and other special interests pushed the US to be part of a new world order of global business one day and we are now deep within it; and yes, back then it was also foretold a great capital reallocation would occur so a few control most wealth in the USA, and the middle class will become nonexistent and people will be made to live life on a lower standard of living- This is where we are at today at this very point in time.
So, do we want this US employer to exist for sake of any type of job long term so families have some type of job and income to feed themselves, or do we want it to fail, to add to the unemployment rolls already hitting 7% in the USA!!??
Biggest problem like always, is the majority of people out there are self centered still and refuse to see or accept what reality is today and have no long term care and only think about the here & now.
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