Corporate handouts ensure short-term political gain, not long-term economic growth
In recent weeks, General Motors and Stellantis have announced layoffs, while Ford has scaled back hiring plans at a forthcoming battery factory. The threat of more job losses will likely spur politicians to throw money at the companies, but taxpayers deserve to know that job losses will likely continue no matter what promises the companies and politicians make.
Taxpayer subsidies for the Big Three are all but guaranteed. In August, before the United Auto Workers strike, the Biden administration announced $15.5 billion in funding and loans to help car manufacturers redesign their factories for electric vehicle production.
Handouts not needed, corporate executives only care about themselves
Democrat ELITES ONLY care about THEMSELVES !!!!!!
Stop giving these entities bail-out money….
Let them fail – the unions have driven up labor costs and government regulations have corrupted the end product with insane requirements.
If they can’t turn out a decent product at a reasonable price, they shouldn’t be in business!
Union members just trying to get their fair share 9:34
They get BIG BAILOUTS !!!!! Something we don’t get !!!!!!
We have to go Bankrupt !!! No Bailouts !!!
They are not the ” big 3 “.
1) Volkswagen Group – Germany. 2) Toyota – Japan. 3) Stellantis – Netherlands. 4) Mercedes-Benz – Germany.
5) Ford – USA. 6) G.M. – USA. 7) BMW – Germany. 8) Honda – Japan. 9) Hyundai – South Korea.
10) SAIC Group – China.