I couldn't let this one pass without honorable mention here in my Blog. General Motors is expanding with an overhall of one of its factories. It would appear a good thing. Maybe the leaner, meaner Company is finally on the path to restoring its market position.
No No No good reader. GM is in fact investing 568 Million dollares in a factory expansion BUT the factory is in Mexico! The money we lent them is not paid back but oh well, Mexico labor needs the stimulous I guess.
More importantly, we (the US Gov) own over 60% of GM. In other words we (you and I) are the majority shareholders. So whoever is on GM's board representing us, US taxpayers has agreed to go ahead with this multi-million dollar invertment in the Mexican economy!
I swear, you can't make this stuff up.
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