Read today:
It's no great mystery why Alabama politician, Alabama Sen. Richard Shelby, Republican, in the pocket of foregn care companies (Mercedes/Toyota/Honda/Hyundai) who is so against assisting the US Auto Industry, went to such dramatic anti-free-market measures to secure Mercedes Benz to locate in Alabama--they did it for the betterment of their state through job creation and increased tax revenues.
Is that so different than what would occur by providing financial aid to help rescue the domestic auto industry? Such aid would save millions of jobs and millions of dollars in lost tax revenue.
Unlike the giveaways Alabama bestowed upon the foreign automaker in question, United States taxpayers would be reimbursed with interest (as they were when Chrysler received government aid in the early 1980s) for their investment in what is clearly a critically important industry for America's present and future.
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