Thursday, May 14, 2009

GM Producing Cars Overseas While on The Dole

GM is charged by the UAW of moving production overseas. This may be a necessary business decision to cut costs. But given that taxpayers have been keeping the company on life support, this could prove quite tricky. Government intervention always has unintended consequences. Nothing new about that. As usual private company recipients of government largesse always lose in the long run. In this case it will be American workers who lose.

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