Back in November I mentioned what I would do if I was GM and got a bailout. Well, it seems like GM is starting down route by taking 1 billion they received from the government and investing it in Brazil.
From The Latin American Herald Tribune:
SAO PAULO — General Motors plans to invest $1 billion in Brazil to avoid the kind of problems the U.S. automaker is facing in its home market, said the beleaguered car maker.
According to the president of GM Brazil-Mercosur, Jaime Ardila, the funding will come from the package of financial aid that the manufacturer will receive from the U.S. government and will be used to “complete the renovation of the line of products up to 2012.”
“It wouldn’t be logical to withdraw the investment from where we’re growing, and our goal is to protect investments in emerging markets,” he said in a statement published by the business daily Gazeta Mercantil.
While I don’t relish the thought of my tax dollars going to investment in another country, it isn’t like they spent $50 million on a new jet or something stupid like that. If anything it might help the US company stay afloat in the future, which is good for the US economy.
H/T Gateway Pundit
With Hillary’s confirmation today on Secretary of State, that makes Bill the most powerful lobbyist in Washington. How this can be allowed in American politics is just absurd. Bill’s ‘donations’ from foreign countries are now well known and Hillary is now the top diplomat in the country. How can there not be a conflict of interest here?


