Quote:
Originally Posted by jd10013
whats kind of ironic is GM received a bailout from the government to keep running without serious restructuring (I don't for a second think they would have gone under without the bailout). the government borrows 40 cents on the dollar, most of which from the Chinese and the Japanese (2 largest holders of government debt). so in a sense, it was the Asians that bailed out GM and Chrysler. guess everybody better continue buying those "ricers" or they wont have the money to loan us anymore.
serously though, funny how some peopel think this should be a one way street. they ignore the fact the US is the largest manufacturer in the world. if global trade were stopped, many US business's would be devastated. Hell, 75% of GM's sales are outside the US. what would happen to them if other countries took up the same ignorant "buy XXXXX" mantra as some here do?
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generally those attitudes are from the younger that don't remember when America could stand on it's own 2 feet and we manufactured and did more here at home than we did from other sources.
Now the Chinese supply everything we buy at Walmart for pennies on the dollar that put American businesses out of business since our labor wont work that cheap.