OT: Made in Usa, Owned by China.

[Coronita]

Sigh… The shots just keep coming and coming…
Though, I guess it was predictable.

Any chance taxpayers will get their money back?

We’re so fvcked, it’s unbelievable….

http://www.autoblog.com/2010/11/08/report-chinas-saic-motors-will-buy-shares-of-gm-ipo/

While General Motors may be jetting around the globe in an attempt to woo investors, one company has made it clear it wants to snap up plenty of GM stock once The General goes public. Chinese manufacturer SAIC Motor President Chen Hong is currently in the States to negotiate with the American automaker about procuring GM shares. His company currently packs around $5.7 billion in cash or cash equivalents, so SAIC Motor shouldn’t have any problem laying its hands on more than few GM shares.

SAIC has a history of working closely with GM in the past. The two companies have joined forces on everything from powertrain development to full name plates. If anyone knows the ins and outs of working with the biggest of the big three, it’s these guys.

GM has announced that the company will go public once again on November 18 and plans to raise $10.6 billion in the process. Look for shares to go for anywhere between $26 and $29. GM will also offer $3 billion in preferred stock at the same time. Exactly how much of that goes to SAIC Motor remains to be seen.

[Coronita]

Anyone else catch we’re selling A LOT of weapons/military gear to foreign governments too?

U.S. to sell $6 billion in C-17’s to India
http://www.bloomberg.com/news/2010-10-18/india-in-talks-to-buy-5-8-billion-military-aircraft-before-obama-s-visit.html

U.S. to sell $60 billion in weapons to Saudia Arabia
http://minnesota.publicradio.org/display/web/2010/10/20/saudi-arabia-arms-sale/

And this one goes in the “WTF is our government thinking” category?
http://www.chinadaily.com.cn/world/2010-10/11/content_11391812.htm

US President Obama has announced his desire to see C-130 cargo aircraft sold to China, a possible sign Washington may soon lift its arms embargo on Beijing. [File photo / Provided to China Daily]

…
The US, he added, is reluctant to export arms to China out of fears that Beijing’s growing military expenditures are making it a fast-evolving threat.

There is also an underlying fear in Washington, Zhao added, that China would simply use the core technologies to its advantage.

Or really? You think?
…Anyone else think there’s something wrong with this picture?

[Coronita]

Anyone else catch we’re selling A LOT of weapons/military gear to foreign governments too?

U.S. to sell $6 billion in C-17’s to India
http://www.bloomberg.com/news/2010-10-18/india-in-talks-to-buy-5-8-billion-military-aircraft-before-obama-s-visit.html

U.S. to sell $60 billion in weapons to Saudia Arabia
http://minnesota.publicradio.org/display/web/2010/10/20/saudi-arabia-arms-sale/

And this one goes in the “WTF is our government thinking” category?
http://www.chinadaily.com.cn/world/2010-10/11/content_11391812.htm

US President Obama has announced his desire to see C-130 cargo aircraft sold to China, a possible sign Washington may soon lift its arms embargo on Beijing. [File photo / Provided to China Daily]

…
The US, he added, is reluctant to export arms to China out of fears that Beijing’s growing military expenditures are making it a fast-evolving threat.

There is also an underlying fear in Washington, Zhao added, that China would simply use the core technologies to its advantage.

Or really? You think?
…Anyone else think there’s something wrong with this picture?

[Coronita]

Anyone else catch we’re selling A LOT of weapons/military gear to foreign governments too?

U.S. to sell $6 billion in C-17’s to India
http://www.bloomberg.com/news/2010-10-18/india-in-talks-to-buy-5-8-billion-military-aircraft-before-obama-s-visit.html

U.S. to sell $60 billion in weapons to Saudia Arabia
http://minnesota.publicradio.org/display/web/2010/10/20/saudi-arabia-arms-sale/

And this one goes in the “WTF is our government thinking” category?
http://www.chinadaily.com.cn/world/2010-10/11/content_11391812.htm

US President Obama has announced his desire to see C-130 cargo aircraft sold to China, a possible sign Washington may soon lift its arms embargo on Beijing. [File photo / Provided to China Daily]

…
The US, he added, is reluctant to export arms to China out of fears that Beijing’s growing military expenditures are making it a fast-evolving threat.

There is also an underlying fear in Washington, Zhao added, that China would simply use the core technologies to its advantage.

Or really? You think?
…Anyone else think there’s something wrong with this picture?

[Coronita]

Anyone else catch we’re selling A LOT of weapons/military gear to foreign governments too?

U.S. to sell $6 billion in C-17’s to India
http://www.bloomberg.com/news/2010-10-18/india-in-talks-to-buy-5-8-billion-military-aircraft-before-obama-s-visit.html

U.S. to sell $60 billion in weapons to Saudia Arabia
http://minnesota.publicradio.org/display/web/2010/10/20/saudi-arabia-arms-sale/

And this one goes in the “WTF is our government thinking” category?
http://www.chinadaily.com.cn/world/2010-10/11/content_11391812.htm

US President Obama has announced his desire to see C-130 cargo aircraft sold to China, a possible sign Washington may soon lift its arms embargo on Beijing. [File photo / Provided to China Daily]

…
The US, he added, is reluctant to export arms to China out of fears that Beijing’s growing military expenditures are making it a fast-evolving threat.

There is also an underlying fear in Washington, Zhao added, that China would simply use the core technologies to its advantage.

Or really? You think?
…Anyone else think there’s something wrong with this picture?

[Coronita]

Anyone else catch we’re selling A LOT of weapons/military gear to foreign governments too?

U.S. to sell $6 billion in C-17’s to India
http://www.bloomberg.com/news/2010-10-18/india-in-talks-to-buy-5-8-billion-military-aircraft-before-obama-s-visit.html

U.S. to sell $60 billion in weapons to Saudia Arabia
http://minnesota.publicradio.org/display/web/2010/10/20/saudi-arabia-arms-sale/

And this one goes in the “WTF is our government thinking” category?
http://www.chinadaily.com.cn/world/2010-10/11/content_11391812.htm

US President Obama has announced his desire to see C-130 cargo aircraft sold to China, a possible sign Washington may soon lift its arms embargo on Beijing. [File photo / Provided to China Daily]

…
The US, he added, is reluctant to export arms to China out of fears that Beijing’s growing military expenditures are making it a fast-evolving threat.

There is also an underlying fear in Washington, Zhao added, that China would simply use the core technologies to its advantage.

Or really? You think?
…Anyone else think there’s something wrong with this picture?

[briansd1]

Sounds like China has a national industrial policy and we don’t. No worries…. the invisible hand will take care of everything.

[briansd1]

Sounds like China has a national industrial policy and we don’t. No worries…. the invisible hand will take care of everything.

[briansd1]

Sounds like China has a national industrial policy and we don’t. No worries…. the invisible hand will take care of everything.

[briansd1]

Sounds like China has a national industrial policy and we don’t. No worries…. the invisible hand will take care of everything.

[briansd1]

Sounds like China has a national industrial policy and we don’t. No worries…. the invisible hand will take care of everything.

[XBoxBoy]

Brings a whole new meaning to the slogan, “Buy American” don’t it.

[XBoxBoy]

Brings a whole new meaning to the slogan, “Buy American” don’t it.

[XBoxBoy]

Brings a whole new meaning to the slogan, “Buy American” don’t it.

[XBoxBoy]

Brings a whole new meaning to the slogan, “Buy American” don’t it.

[Author]

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