Cumberland Times-News

Letters

May 8, 2013

They may be billions of dollars in debt, but they’re still alive

CUMBERLAND — “It’s alive.” said Joe Biden, “thanks to this guy right here.” GM disclosed an $11 billion investment for its joint ventures in China last month in Shanghai. That was an increase from a 2011 outline to spend $7 billion through 2015.

“Welcome to General Tso’s Motors,” said the Wall street Journal. “GM is disproportionately benefiting” from the 2009 U.S.backed bankruptcy reorganization of Detroit.

Thanks, taxpayers! It is expected to create 6,000 new jobs in China. Osama is dead. GM is alive!

General Motors of North America report it has 98,000 of its 207,000 GM jobs worldwide. But 12,000 of these jobs are in Canada and 11,500 are in Mexico.

Accordingly, GM has 74,500 jobs in the United States and 122,500 abroad, even after President Obama’s touted surge in Detroit jobs.

GM plans to spend billion dollar investments in its Mexican plants (versus a $100 million investment in Rochester, New York). GM Mexico employs 11,500 direct and about 90,000 indirect employees in Mexico.

Almost two thirds of GM’s jobs are in other countries. Osama is dead and GM is alive.

Aren’t you glad we have President Obama stopping all that outsourcing and protecting those union jobs?

Where is Mitt Romney? Is he to blame? GM has said it invested $8.5 billion in the U.S. since emerging from bankruptcy. Versus $11 billion altogether in China.

Ally Financial, the former financial arm for General Motors, still owes $14.6 billion of the $17.2 billion in aid it received from the TARP bailout.

Ally and GM together owe more than half of the $37 billion to U.S. taxpayers, according to a recent quarterly report to Congress.

There are no plans to use the $11 billion it’s investing in China to pay it down.

And then there is Chrysler Group LLC an American automobile manufacturer headquartered in Auburn Hills, Michigan but principally owned by majority shareholder Fiat.

Fiat, you may have seen has increased its exports to the U.S. It owns 58 percent of the company. Chrysler still owes nearly $11 billion. It’s alive.

China boasts the longest bridge in the world at Jiaozhou Bay. (Not a Bain Capital idea!)

GM plans to build vehicles in China and ship to the U.S.

 So you can “See the USA in your Chevrolet from JiaozhouBay!”

Lee Brant

Cumberland

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Letters
  • Which approach to the school makes sense?

    What exactly is the long-range plan, according to the Allegany County Commissioners?
    I’ve read in the Cumberland Times-News that the current County Commissioners intend to spend $9 million to construct a new high school.

    April 16, 2014

  • H.O.G. Rally coming to Cumberland in June

    Let me introduce myself. My name is Francine Kraft and I am the Maryland/Delaware State H.O.G. Rally Coordinator for 2014.
    With a team of seven others, we have put together a rally for June 19-22 to be held in Cumberland.

    April 16, 2014

  • Access to trout ponds hard for those who have trouble walking

    I took my 5-year-old grandson Easton, who lives in Cumberland, to the Evitts Creek three ponds on March 31, the day it was stocked with trout.He had the joy and excitement of catching his first trout and two more. I have a Maryland fishing license and trout stamp.

    April 16, 2014

  • Wait long enough; they will die off without being cared for

    The letter to the editor of April 14 (“Military veterans have few friends in Washington, D.C.”),  I am afraid, hit the nail on the head — sort of — about this next set of returning veterans.

    April 16, 2014

  • Translations differ, but the message is eternal

    This letter is in response to a recent letter titled “One cannot compromise on God’s word” (April 13 Times-News). I had previously written a letter titled “Why are compromises so difficult to achieve” (April 7).

    April 15, 2014

  • Closing the loopholes will help clear the regulatory waters

    After a decade of uncertainty over Clean Water Act jurisdiction following Supreme Court challenges in 2001 and 2006, the Environmental Protection Agency and Army Corps of Engineers announced a forthcoming administrative rule to close enforcement loopholes, restoring protections to 20 million acres of wetlands, more than half the nation’s streams, and drinking water for 117 million Americans.

    April 15, 2014

  • The first step Remember where your freedom comes from before criticizing

    The deal at Fort Hood could have been avoided if it was caught in time.
    When you think a GI is not acting right, have him or her checked out before you put them back on duty and give them a weapon. Post-traumatic stress disorder is a serious and dangerous problem if it is not taken care of right away.

    April 15, 2014 1 Photo

  • Midterm elections give chance to return to American values

    A movement has been started by veterans of our armed forces to get out the vote in 2014. That includes Coast Guard and Merchant Marine personnel for those not familiar with the history of both and their sacrifice. This is no small special interest  group, but many millions of Americans who can have an enormous impact on the  outcome of the November election if they all respond.

    April 14, 2014

  • Military veterans have few friends in Washington, D.C.

    Our legislators in Washington must stop playing politics with our veterans, this is  especially true of Vietnam war veterans. Will the game playing carry over to our veterans of present day wars? Will they too become pawns? Veterans have few friends in Washington. Just like the Vietnam veterans, today’s veterans will face
    what we are up against, little to no support.

    April 13, 2014

  • One cannot compromise on God’s word

    A recent letter asked, “What is it about compromises that seem so undesirable?” Most of us are familiar with John 3:16, which says, “For God so loved the world that he gave his only son, that whoever believes in him should not perish but have eternal life.” The next verse goes on to say, “For God did not send his son into the world to condemn the world, but in order that the world might be saved through him”

    April 13, 2014

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