Your tax dollars at work - In Brazil!

http://www.laht.com/article.asp?CategoryId=12396&ArticleId=320909

isn't that exactly what the congress critter from TN said he DID NOT want to see once the automakers got their loans?

Is anybody surprised? The NYT ran a piece last weekend about banks and how they weren't revising loan standards much (if at all), even after taking their piece of the "bailout" money.

The whole thing is a berkeleying sham. It's nothing but a giant present to wealthy businessmen. Makes me sick.

Well, it sure lessens complications with the "Buy American!" argument. Maybe it should read "Buy Brazilian or Japanese. It really doesn't matter anymore."

It seems even stranger that the mainstream American Press hasn't picked up this story yet.

I thought the check was for 12 braziilian dollars

Snowdoggie wrote: It seems even stranger that the mainstream American Press hasn't picked up this story yet.

+1

You're giving money to crack fiends and expecting them not to buy crack with it. That never works.

Brazil's turning into a pretty important auto market. With a population of almost 200 million people, and the auto sector growing by 10-15% a year, why wouldn't GM invest there? As for the money coming from the US "bailout", GM's an international company and keeping the bailout money separate from the non-bailout money would be kind of tough. If they use this $1billion to make $2billion and can repay the US government, good for them.

Bob

Well, maybe they'll actually make some of this money back! I wonder if Brazilian workers have 50 weeks' pay in the contract after getting fired?