National Debt Clock

Friday, May 8, 2009

Under Restructuring, GM To Build More Cars Overseas

This is what happens when the government meddles:

"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."

I would be hard pressed to believe that Obama would allow jobs to go overseas, that would be political suicide. Therefore, we are probably going to see increased labor costs and more money needed to bailout this company that should have gone under already.

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