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Question by Wrenched: Finally a voice of reason (See: additional details) regarding the Pelosi/Reid automaker bail out proposal? ?
Read all three Associated Press articles in full for additional information.

Do we really need to be bailing out multi-national corporations that have no allegience to the United States? These automakers are "no borders" companies that operate worldwide without concern for American jobs or financial stability. GM sales outside of the United States have grown 10% in the first half of 2008. Certainly not a corporation in need of a bailout!

GOP Lawmaker Doubts Auto Bailout Bill
Sunday, November 16, 2008

Associated Press

WASHINGTON — A top Republican senator says he will fight a Democratic plan to bail out U.S. automakers. The opposition by Sen. Richard Shelby and other GOP lawmakers raises doubts about whether the plan will pass in this week's post-election session.

Shelby is the top Republican on the Senate Banking, Housing and Urban Affairs Committee. He says it would be a mistake to use any of the 0 billion in the Wall Street rescue to help the automakers survive the current crisis.

He calls the American auto industry a "dinosaur" and says a federal bailout would only postpone its demise.

Democratic leaders want to use billion to help General Motors, Ford and Chrysler. But Democrats have only a narrow majority in the Senate. Also, President George W. Bush also opposes the idea.

Read about GM one of the companies that Pelosi and Reid want to bail out and yet they are having no problems in world wide.

See the Associated Press reports below:

General Motors has record 3Q worldwide sales as it tries to hold off Toyota

Published: October 18, 2007
Associated Press

General Motors Corp. reported record third-quarter global sales of 2.38 million cars and trucks on Thursday as it tries to retake the worldwide sales lead from Toyota Motor Corp.

The figure is 4 percent higher than the year-ago period, fueled by sales increases in emerging markets outside the United States.

Toyota, which beat GM in global vehicle sales for the first half of the year, is to release its third-quarter results on Monday.

Toyota reported selling 4.72 million vehicles during the first half of the year compared with GM's 4.67 million.

GM reported global sales of 7.06 million vehicles for the first nine months of the year, up more than 2 percent from the same period last year.

The Detroit-based automaker still led Toyota in vehicles produced worldwide during the first half of the year. Toyota and its group companies produced 4.71 million vehicles in the first half, inching up to GM's 4.75 million vehicles.

GM has held the title of world's biggest automaker for 76 years.

The company's record third quarter came despite a 6 percent sales drop in North America because of increasing fuel prices and a housing slump, Paul Ballew, the company's executive director of global market and industry analysis, said Thursday.

"The first nine months have exceeded our expectations despite the underperformance in the U.S.," Ballew said.

GM reported selling 1.2 million vehicles in North America during the quarter.

Sales outside the U.S. amounted to 1.34 million vehicles for the quarter, accounting for about 56 percent of GM's worldwide sales. Third-quarter sales in the GM's Latin America, Africa and Middle East region were up nearly 22 percent to 329,400 vehicles, while the company reported a 16 percent increase in the Asia-Pacific region to 327,500. Sales in Europe were up 15 percent for the quarter at 523,600 vehicles, the company reported.

Ballew predicted that sales growth would remain "subbdued" in North America going into the fourth quarter, but that would continue to be offset by robust growth in the rest of the world.

He expected the trend to continue into 2008.

Toyota Outsells GM Worldwide in First Half 2008

July 23, 2008

Associated Press

Dee-Ann Durbin (AP) reported that General Motors Corp., pummeled by falling U.S. sales and high gas prices, lost the global sales lead to Toyota Motor Corp. in the first half of this year, but the churning market makes it difficult to predict which automaker will end the year on top.

Toyota sold 4,817,941 vehicles globally during the first six months of the year, company spokesman Hideaki Homma said Wednesday, beating GM by 277,532 vehicles. Toyota said its global sales rose 2 percent from the same period the year before, while GM's sales fell 3 percent.

It's the second time Toyota has beaten GM in sales in the first half of the year. In 2007, Toyota outsold GM by about 50,000 vehicles, although GM eked out a win for the full year, retaining its 77-year position as the world's largest automaker by sales.

Toyota didn't release regional sales totals, but the weakened U.S. market appeared to be the biggest battleground. With its reputation for small, fuel-efficient cars and less exposure to the plummeting truck and SUV market, Toyota's U.S. sales fell 6 percent, compared with a 16 percent drop for GM. Indus
No links find them yourself...I gave you the articles and reference cites.

Best answer:

Answer by BhitchyPrincess
Could you please provide a link or links to back this up

Give your answer to this question below!
[wprebay kw="washington+quarters+for+sale" num="0" ebcat="11116"]

Originally posted 2010-12-15 21:06:23. Republished by Blog Post Promoter

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