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Definitlily give these guys a bail out….

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Who needs unions anyways. Dems get all that union money then ship their jobs to Russia! Only in America!

Mish’s Global Economic Trend Analysis

New Way Of Doing Business

In keeping with Pelosi’s spirit of a “New Way Of Doing Business”, GM Opens $300 Million Russian Plant to Boost Sales.

General Motors Corp., the world’s biggest carmaker, opened a $300 million factory in Russia as it looks to compensate for slumping sales in western Europe and North America.

The plant in the Shushary district on the outskirts of St. Petersburg will produce 70,000 Chevrolet Captiva sport-utility vehicles and the Opel Astra, with plans to manufacture the Chevrolet Cruze compact car next year.

“Our strategy is to become the leading manufacturer in Russia,” Carl-Peter Forster, GM’s chief for Europe, told reporters during the plant opening today. “For us Russia is not an emerging market. Russia emerged long ago.”

So instead of losing jobs to Mexico, China, and India, GM’s “New Way Of Doing Business” will be to lose jobs to Russia. I am quite sure the Treasury and House Speaker Pelosi will be excited by this development.

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Written by mrcauser

November 13, 2008 at 6:26 pm

Posted in Uncategorized

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