The Obama administration - if they had half a brain, they'd be half-wits!
Look at how the world is beginning to respond -
Foreign Tax Breaks
In case you don't get it, India is now going to give a 10 yr. tax break on foreign revenue earned by indian automakers.
So what you say?
Well, Tata is now the owner of Jaguar, to name just one. This is a form of dumping, and whatever else, is certainly not gonna make the big three competitive.
And, the Senate is proposing tax breaks for those automakers who recieved federal bailout money. Ford, who didn't request or receive any federal money and is the only US automaker to try and make it on their own, without the dole, will be excluded by this bill.
Waaay to go Mr. Prez.
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