Post by unlawflcombatnt on Dec 4, 2008 19:10:37 GMT -6
The outsourcing of American jobs by America's whiny automakers is one good reason NOT to bail them out. Much of any US taxpayers' bailout money will go to Mexico to prop up their economy, not ours. Below are excerpts from an article from American Economic Alert illustrating the traitorous actions of America's big 3 automakers when it comes to American workers.
Mexican economy in the balance of car-makers rescue
from Reuters
December 4, 2008
By Michael O'Boyle
"The specter of bankruptcy hanging over automakers in Detroit is also stoking fears in Mexico, whose car industry is heavily dependent on the U.S. economy.
Mexico was the world's 10th-biggest car producer in 2007, building cars for most of the world's top car makers, but exports are slackening as the United States goes through its worst financial crisis since the Great Depression.
At a General Motors plant in Silao, nestled among the cornfields of Mexico's heartland, workers fear the steady flow of full-size pickup trucks and SUVs would quickly come to a standstill if the U.S. Congress fails to bail out its parent....
"If they don't get the loan, GM could disappear from Mexico," said Carlos Campos, a worker at the plant.....
GM, Ford and Chrysler have around a dozen factories in Mexico, where the car industry has become a big part of the economy. Nissan, Toyota, Honda and Volkswagen also have plants here....
Even without a bailout for Detroit, the Mexican auto sector is facing its toughest times since the mid-1990s, when the North American Free Trade Agreement sent a flood of Mexican-built cars into the United States.
As demand in its biggest market dries up, and Europe also slides towards recession, Mexican sales are plummeting.
At least 5,000 jobs have already been shed from the auto parts sector, according to the industry's national trade group, and unions are negotiating work stoppages....
"In the middle of this crisis, the General Motors plant here is making huge vehicles that, in the short term at least, have a death sentence," said Amador Rodriguez, a lawmaker in Guanajuato, the state where GM's Silao plant is located....
Analysts have already questioned the future of a Chrysler plant in Saltillo, in northeastern Mexico, which makes the Ram truck and produces Nissan trucks on the same assembly line.
Vehicles and parts now account for around 1/5 of Mexico's total manufactured exports.
The industry employs nearly 600,000 Mexicans and they are among the country's best paid industrial workers. [Which means 480,000 fewer jobs for American workers (see below)].
The crash of a U.S. car-maker would cripple Mexico's industrial output....
Mexico's economy is already slipping as U.S. consumer spending withers and Mexican immigrants living north of the border send home less cash....
The central bank sees growth of as little as 0.5 percent next year due to the recession in the United States, the destination of 80% of Mexican exports....
A measure of how dependent Mexico is on the United States, the peso currency lost more than 4% against the dollar in late November, after U.S. congressional leaders refused to immediately back a bailout of Detroit's automakers."
americaneconomicalert.org/news_item.asp?NID=3525886
The Big 3 deserve nothing from US taxpayers. They've raped and pillaged American workers for the last 15 years. Let 'em eliminate ALL of their foreign production facilities before they get a red cent. American taxpayers' money should not be going to save 480K Mexican autoworkers' jobs.
Mexican economy in the balance of car-makers rescue
from Reuters
December 4, 2008
By Michael O'Boyle
"The specter of bankruptcy hanging over automakers in Detroit is also stoking fears in Mexico, whose car industry is heavily dependent on the U.S. economy.
Mexico was the world's 10th-biggest car producer in 2007, building cars for most of the world's top car makers, but exports are slackening as the United States goes through its worst financial crisis since the Great Depression.
At a General Motors plant in Silao, nestled among the cornfields of Mexico's heartland, workers fear the steady flow of full-size pickup trucks and SUVs would quickly come to a standstill if the U.S. Congress fails to bail out its parent....
"If they don't get the loan, GM could disappear from Mexico," said Carlos Campos, a worker at the plant.....
GM, Ford and Chrysler have around a dozen factories in Mexico, where the car industry has become a big part of the economy. Nissan, Toyota, Honda and Volkswagen also have plants here....
Even without a bailout for Detroit, the Mexican auto sector is facing its toughest times since the mid-1990s, when the North American Free Trade Agreement sent a flood of Mexican-built cars into the United States.
As demand in its biggest market dries up, and Europe also slides towards recession, Mexican sales are plummeting.
At least 5,000 jobs have already been shed from the auto parts sector, according to the industry's national trade group, and unions are negotiating work stoppages....
"In the middle of this crisis, the General Motors plant here is making huge vehicles that, in the short term at least, have a death sentence," said Amador Rodriguez, a lawmaker in Guanajuato, the state where GM's Silao plant is located....
Analysts have already questioned the future of a Chrysler plant in Saltillo, in northeastern Mexico, which makes the Ram truck and produces Nissan trucks on the same assembly line.
Vehicles and parts now account for around 1/5 of Mexico's total manufactured exports.
The industry employs nearly 600,000 Mexicans and they are among the country's best paid industrial workers. [Which means 480,000 fewer jobs for American workers (see below)].
The crash of a U.S. car-maker would cripple Mexico's industrial output....
Mexico's economy is already slipping as U.S. consumer spending withers and Mexican immigrants living north of the border send home less cash....
The central bank sees growth of as little as 0.5 percent next year due to the recession in the United States, the destination of 80% of Mexican exports....
A measure of how dependent Mexico is on the United States, the peso currency lost more than 4% against the dollar in late November, after U.S. congressional leaders refused to immediately back a bailout of Detroit's automakers."
americaneconomicalert.org/news_item.asp?NID=3525886
The Big 3 deserve nothing from US taxpayers. They've raped and pillaged American workers for the last 15 years. Let 'em eliminate ALL of their foreign production facilities before they get a red cent. American taxpayers' money should not be going to save 480K Mexican autoworkers' jobs.