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Chinese Auto Subsidies Are Bad...



September 18, 2012 – Comments (1) | RELATED TICKERS: GM

From the news:

>WHITE HOUSE — The Obama administration is complaining to the World Trade Organization, or WTO, that China is illegally subsidizing exports from its automobile and auto-parts industries.  President Barack Obama made the announcement on Monday at a campaign rally in the swing state of Ohio, whose economy relies heavily on auto manufacturing.<</p>

How DARE a government provide subsidies to auto manufacturers who aren't able to otherwise compete and survive! I'm shocked, SHOCKED to find that the Chinese government is providing subsidies to its auto manufacturers, artificially propping them up. In THIS country, whether republican or democrat, we would NEVER support government handouts to auto manuf....oh, wait. Nevermind.

1 Comments – Post Your Own

#1) On September 18, 2012 at 3:25 PM, miteycasey (29.06) wrote:

I thought the same thing when I read that yesterday.

Didn't we give GM a few BILLION dollars?

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