GM Spends Tons of Money....Overseas

Remember back when we HAD to bail out GM and Chrysler? And how it was promised to get them functioning again and create jobs?

Well guess what, ABC news reports that GM will soon cut thousands of US jobs, and invest around 50 billion dollars in tax payer aid, overseas.

And this is not just in Europe, GM China has gotten 123 million, and the company in Mexico put 400 million into a new plant.

Well so what, i mean as long as they re making money right? They're at least taking in a profit, which was a goal of the bailout.

WRONG! GM company says that it has lost 1.2 billion from the time it filed for bankruptcy through early October.