I don’t know about everyone else but it seems to me that GM’s decision to create more jobs in Mexico is absolutely bad business. Without the U.S. taxpayer, GM may not have a business at this point.
This seems like a complete snub to Americans, who, last I heard, needed jobs. As of December 2010, thenational unemployment rate was 9.1%.
It may be cheaper to have factories in Mexico and employ Mexicans. Being of Hispanic origin, I have nothing against Mexicans.
The United States still owns about a third of General Motors and is the largest shareholder.
What are your thoughts on this matter? Does GM have any obligation to the taxpayers? Should the United States government intervene – which is its right as a shareholder?
[This post is in response to this article from 1/20/2011]
Originally published on DrivingSales.com