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
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    April 1 marked the beginning of April Envi- ronmental Education Month in Maryland — and with Earth Day coming up on April 22, Maryland has much to celebrate.

    April 20, 2014

  • Support Canal classrooms with tax-deductible gift

    While your April 17 article (“Park Service opens Canal classrooms,” Page 1A) described this exciting program accurately, your readers may be wondering how they can help support this new educational opportunity for school children in Allegany County.

    April 18, 2014

  • Ivan Hall story brings back memories of a unique man

    I enjoyed Mike Sawyers’ Ivan Hall story. It was well written and brought back some wonderful memories of my Cumberland days and especially, an unique man.

    April 18, 2014

  • It’s a secret It’s a secret

    Could someone enlighten us about why not even the names of the two entities bidding on development of the Footer Dye Works building can be divulged?
    A Times-News article about the bids included an explanation from a lawyer for the attorney general’s office about the need to keep the names and other information secret at this time. Despite that, the logic of not divulging at least a little more information escapes us.

    April 17, 2014 1 Photo

  • What do we do about those who weren’t criminals after all?

    Now that Maryland has become the 17th state to (finally) decriminalize possession of marijuana, one could say that the legislature and governor should be patted on the back for doing the right thing.

    April 17, 2014

  • 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

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