If GM goes belly up, I wonder how that will affect Canada. Haven't
seen anything about this.
Seem like some - maybe all - of the best-selling GM vehicles are made
in Canada.
Here's some:
Buick Allure and Buick LaCrosse
Chevrolet Equinox
Chevrolet Impala
Chevrolet Monte Carlo
Chevrolet Silverado and GMC Sierra
Pontiac Grand Prix
Pontiac Montana SV6
Pontiac Torrent
General Motors of Canada Ltd is owned by GM of Detroit.
If that is sold to Canadians, there may not be a serious interruption
of much of GM vehicle production.
I think the Impala is a top-seller after the pickups.
Was laughing with the wife a couple days ago at all the Impalas that
were passing us on I-55. It was by far the most common car we saw
on a 5600 mile trip.
As I said once before, I consider Canadian-built cars "Foreign."
Believe my Lumina is Canada-built. Bought it used, but I still don't
like that. Just don't care for Caddies. If I were to buy new, it
would have to be U.S-built.
BTW, I know the difficulty of finding out what is U.S. sourced, as I
watched Wall Street interests lobby and succeed at removing country of
origin labeling during the pat two decades or so.
You guys know some of your foodstuffs are coming from China, right?
Wonder how the CAW wages are, and if General Motors of Canada Ltd
has an advantage due to the national health care up there.
Lots of interesting twists and turns not apparent in most discussions
going on here.
What I think, and I still don't see anybody seriously addressing it,
is that a country can't consume more than it produces without sliding
downhill. It was interesting that while the article Eisboch recently
posted rightly pointed out the recent economic meltdown can easily
be traced to Clinton policies, and likewise mentioned trade deficit
increases as a contributing factor, they were too busy pointing
fingers at Clinton to the heart of the matter, which are the trade
deficits. That's what led to excessive borrowing.
"You can't consume more than you produce."
They just don't get it, and still believe the Reagan-era bull****
about Wall Street "creating" wealth.
Workers create wealth. Wall street just moves it around.
Chinese workers are creating wealth, and they will soon call in the
American IOU's. The free ride is over.
Socialism won't be fun. But until we get our factories going again,
that's what we'll have. A damn welfare state.
Thank you Ronald Reagan, Bill Clinton, GW Bush, Wall Street,
and consumers who didn't think buying American mattered.
--Vic
Disclaimer: Musings only. Might be wrong. Got a C in Eco 101.
Mostly because I was working full time. Making goods.
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