GM and GE Go All-In for Chinese Subsidies

GM and GE Go All-In for Chinese Subsidies
By Paul Chesser — American Tradition Institute
Professional subsidy-sucking General Motors, which seems content to marinate in its taxpayer "investment" indefinitely, is getting ambitious. No, not in the sense of paying back the $50 billion U.S. government bailout, or in producing vehicles people actually want to buy, but instead in finding other governments to subsidize its products.

Not surprisingly the new partner - in a 50-50 joint venture with the state-run auto industry - is China. And also unsurprisingly, General Electric will join GM in a related partnership in the communist nation.

Read the rest here:
http://www.atinstitute.org/atis-chesser-gm-ge-go-all-in-on-chinese-subsidies/
Paul Chesser
Executive Director
American Tradition Institute
www.atinstitute.org
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