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Tim Tim is offline
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First recorded activity by BoatBanter: Nov 2006
Posts: 19,107
Default the tragic end of the American-made "Bummer Hummer"

On Oct 10, 6:51*am, John H wrote:
On Fri, 9 Oct 2009 20:57:17 -0700 (PDT), Tim
wrote:

http://online.wsj.com/article/BT-CO-...09-712508.html


Looks like GM is selling off Hummer to the Chinese, and maybe in 30
days or less.


Very soon we'll be producing nothing. Then where will we get the money
to buy the stuff being produced by the Chinese?

Ah, we'll just print it, like 'bama's doing now. Actually, by then
we'll probably be able to print what we need on our home computers.

But will the 'producers' accept our money for their products?


This line gets me:

"Chinese companies have continued to invest in U.S. manufacturing
through the global recession, in part to "recycle" the country's huge
foreign exchange surplus, said John Rogers, president of the Chicago-
based Midwest US-China Association, a not-for-profit interest group."