For those of you who complain about the 'loans' given to help GM....

[DainBramaged]

What About The Government "Bailout" Of Foreign Automakers?


Since 1992, states where we have transplants have located have put in over $3 billion dollars in incentives and I would point out that is the money that the state settled for and I want to go specifically to Alabama if I could for a minute. We have Hyundai Motor Company that got $252 million in incentives. Toyota there got $29 million in incentives. Honda, $158 million and Mercedes $253 million in incentives. It just seems odd to us that we can help the financial institutions in this country and that we can offer incentives to our competitors to come here and compete against us but at the same time, we are willing to walk away from an industry that is the backbone of our economy.

And while I read these figures to you, which are the actual figures that we have been able to dig up. I want to go to one particular story and that is the plant in Mercedes, the Mercedes plant in Alabama.

As it turned out, as I said Alabama offered $253 million but the state offered to train the workers, clear and improve the sites, upgrade the utilities, buy 2,500 vehicles and it is estimated that that incentive package totaled somewhere around $175,000/per employee to create those jobs there. And on top of this, that state gave this automaker a large parcel of land-around $250-$300 million dollars. That was the same price or cost to them of building a facility.

So we can support our competition but we can't support an industry that is in need? And this need was not brought about because of what the industry has done.

http://www.huffingtonpost.com/jane-hamsher/what-about-the-government_b_148380.html


:puke: :puke: :puke: :puke: :puke:

[madokie]

1. Thank you DB

Labor has a damn good supporter and for that I think you are to be commended :hi:

I'm a Ford man but an American first and foremost and GM is as American as apple pie. Just look at what they've done with our help. Bravo GM

rec

[DainBramaged]

5. Facts, something the Union detractors will run from

:hi:

[madokie]

11. So true in so many other cases also

denial is not only a river in egypt :hi:

[JNelson6563]

2. Thank you and rock on!

DB I often disagree with things you post but day in, day out, I always stand with you on your pro-labor, buy American posts. Always. :toast:

Julie--motor city girl from a GM family

[DainBramaged]

6. More facts, and thank you...

Alabama is a "right to work" state, which helps companies there fend off efforts to unionize workers. The UAW, which represents production workers at the three major U.S. automakers, has not been successful in convincing Hyundai workers to unionize the Alabama plant, which has about 2,600 workers.



Read more: http://www.autonews.com/apps/pbcs.dll/article?AID=/20110516/OEM01/110519931/1276#ixzz1McJCdPZS


:hi:

[JNelson6563]

10. And yet right here on DU such companies are openly supported

I think it's shameful.

Thanks for the additional info!

Julie

[DainBramaged]

13. And they will not venture into this thread for fear of the facts

as with so many discussions, the anti-progressive movement tries to derail important discussions, except when the facts are irrefutable.


They the usual suspects scatter.

[d_r]

3. I'm with you

I'm at the point that I don't begrudge any American a decent job, but I'd always favor US-company, US-job over foreign-company, US-job, if that makes sense.

[n2doc]

4. Ah, but them plants don't have UNIONS! Can't support them greedy UNIONS!

:sarcasm:

Underneath it all, this is the real point.

[NNN0LHI]

7. There is a reason other countries hold onto these jobs like gold

They are smart enough to know it is in their best interest.

Lot of Americans don't seem able to comprehend this for some reason.

Don

[DainBramaged]

19. Guys like Shelby and Coker will lobby for them when their terms are up

it's all about them and not Country.

[Snotcicles]

8. And who was the biggest cry baby over those loans? Alabama's Senator Richard Shelby. nt

And who was the biggest cry baby over those loans? Alabama's Senator Richard Shelby. nt

[DainBramaged]

12. He's the transplant's made man, along with Coker

When the auto bailout talks collapsed, Sen. Bob Corker won by losing.

The freshman Republican from Tennessee represented conservative Republicans who opposed the $14 billion rescue package passed by the House and saw Senate negotiations as one last chance to bludgeon organized labor before the GOP minority shrinks and Democrats expand their control of government.

Corker late Thursday pushed the United Auto Workers toward a firm date in 2009 by which wages and benefits would be reduced to match those of foreign manufacturers — a demand that by all accounts was the deal-killer.

That may not have been an accident, according to the key Democrat in the room. Banking Committee Chairman Christopher Dodd had high praise for Corker, but suggested that the freshman senator may have been used by more-senior Republicans with little to gain from a deal with UAW

http://thecokerreport.blogspot.com/2008/12/auto-bailout-again-republicans-play.html

[Snotcicles]

16. I think the Ex Democrat Shelby gags me because he just stinks on so many levels. nt

[Brickbat]

9. K&R for the truth.

:thumbsup:

[Romulox]

14. Where did Alabama get all that money to give to Hyundai? From the Federal Government!

Alabama receives far almost $2 for every dollar they send to Washington. They use these subsidies to attract industry, which in turn undermines the economies of the net "tax donor" states which subsidize them. Much like a parasite, the end game of this strategy is likely death to the larger organism...

[DainBramaged]

15. Been a quiet day in the thread, no one to refute the facts.....

Wow, where are the Union haters now????

[Romulox]

17. No doubt. Where are the Cheap Labor -o-crats at?

:shrug:

[DainBramaged]

18. Not a one showed up, and this is important stuff

I guess they were takin' their Toyota's and Honda's in for recalls.....


:rofl: