|
I'm not concerned with China having a minor interest in GM. A major interest, yes, but only because I don't think foreign ownership understands the US car market.
I dislike China being closed to foreign investment and trade. But that's something that will end up hurting China, not us. We went through this same scenario 25 years ago with Japan, and that ended up with Japan in the ditch.
Also, US manufacturing is not hurting, manufacturing jobs are (manufacturers are automating more than they are outsourcing). I wish it was just outsourcing, because that would mean those jobs could come back. Automation means those jobs won't be coming back.
If we want to increase manufacturing jobs, we'll need to allow businesses to explore and harvest the resources (oil, mining, etc...) in the US again instead of making them go overseas to do it. It would have the additional benefits of being done cleaner than anywhere else, pushing commodity prices down, and increasing our GDP.
|