TaxPayer Bail Out Goes to Brazil

[StinkerBell]

By Russ Dallen
Latin American Herald Tribune staff

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."

http://www.laht.com/article.asp?ArticleId=320909&CategoryId=12396

[glenn kangiser]

Well, that will frikkin' really benefit the hell out of the US, eh, Stink?  Shame on them --- taking jobs away from our Mexicans....  How low will they go? hmm

[John_C]

How low will they go?

Ummmm   I'm pretty sure we're gonna find out .

[muldoon]

http://www.iht.com/articles/2008/11/23/business/morg24.php

"Last week, Bank of America announced that it would spend $7 billion to increase its stake in China Construction Bank - just weeks after receiving $15 billion from taxpayers."

[wildbil]

Remember the French Revolution where the clergy and bourgeois were exploiting the poor? Every few generations we need to get out the old guillotine, chop a few heads.

They should ask the brazilian government for a bailout. Of course I'm sure Brazil is too smart for that.