Sunday, November 7, 2010

GM spending a billion U.S. tax dollars in Brazil... How do you feel about that?

GM spending a billion U.S. tax dollars in Brazil... How do you feel about that?
Should GM be spending a billion dollars of US citizens money in Brazil? Does this make sense? Fellow citizens have lost jobs and this company was in such turmoil they asked for a bailout... Should it not be spent in the US?
Economics - 1 Answers
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1 :
Brazil is a fast developing country with 180 million people, most of whom don't have cars. GM is the #2 car maker in Brazil right now. This is probably why they spend money there. Because they sell a lot of cars there.