Quote:
Originally Posted by gtahvit
Loan
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Right. We are basicaly as taxpayers 'investing in GM' Still not a good thing but a must at this point. But we gotta keep a close eye out.
Quote:
Originally Posted by Mr_Draco
Nissan isn't an American based company. You don't see GM or Chrysler going to China or Japan asking for bailout money just because they have factories and sell cars there do you?
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Quote:
Originally Posted by rmyers
Why should they stay away? They are a global company just like GM. They employ American workers as well? Personally I didn't agree with GM's bailout. This only shows the slippery slope that was created as a result of the GM and Chrylser bailout.
Keep government out of business.....let the strong survive.
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I agree, let the strong survive. But if you ARE going to loan taxpayer money, you don't loan it to a foreign entity. Period.
Quote:
Originally Posted by Dragoneye
No. Denied. Rejected. Stay the hell away!!! Go ask Japan for money, not us!!! 
EDIT: On a more logical note...I'd like to see how this plays out, honestly...I can't picture the CEO of Nissan personally pleading his case to Congress effectively....  |
I'd love to see those proceedings.
Quote:
Originally Posted by headpunter
Do they pay american corporate taxes?
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That's right.
Quote:
Originally Posted by rmyers
As long as GM is lossing money they won't be paying corporate taxes either :(
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The point is to get them back to a profit. If it's a foreign company you'll NEVER see the whole tax of the whole profit. On one hand you say let the strong survive, so I assume you understand that jobs will be lost. Let the job losses come from companies that don't pay the full Corp. taxes.
Quote:
Originally Posted by manimsoblack
I've always wondered if how companies go under after one or two years of loss? I couldn't imagine that they'd stay in business that long on a very thin profit margin. I thought rainy day funds (10-20% of profits per year) were just common sense.  |
Problem is, they've burned through those.