(Fox News reported that the Treasury Department claims the taxpayers will lose $25 Billion of the $85 Billion used to bail out General Motors. On the other hand, Honda is making cars here in the US at record numbers – enough to begin exporting from the US!)
I know this administration is hell-bent on outsourcing jobs to China but using our tax dollars to do it is the newest low in their sell-out of our country. Obama spent 80 BILLION of our taxpayer dollars to bail out General Motors but the jobs are in China. GM is now in business with a Communist government and we paid for it. They have eleven joint ventures with SAIC (Shanghai Automotive Industry Corporation) and FAW (another Chinese government-owned manufacturer).
“Our commitment to working in China, with China, and for China remains strong and focused on the future.” - Dan Akerson, CEO of GM
Mr. Akerson went on to say that 7 out of 10 GM vehicles are made OUTSIDE of the United States. General Motors has been shrinking its operations in the US while aggressively expanding and investing in Communist China. How does that help with US jobs, Mr. President? And more importantly, why is the UAW still supporting him?
We need to pay attention folks. Please vote for the American in November!
H/T Bill Norwood
Related articles
- Outsourcer-In-Chief: Obama Of General Motors (forbes.com)
- Another New Low For US-China Trade (seekingalpha.com)
- See, I Told You So: Obama Says He Wants to Repeat Auto Takeover in Every Industry (rushlimbaugh.com)
- General Motors is becoming China Motors (rubinoworld.com)
The “invisible hand” does what it wants. Would you prefer government regulations against these kind of private business decisions?
They should NOT be private when the taxpayer is the majority shareholder!
So you would prefer that the government take control of GM and decide how it should operate?
There is a name for that kind of economic philosophy, you know.
The government should have stayed out of it and let the folks at GM and bankruptcy court handle it! I do not like being part of this destruction.
But the government didn’t stay out of it. Bush gave the auto industry billions–and it wasn’t enough, so Obama gave them more. Now GM is on track to pay it all back plus interest.
Seems like one of the few smart things the federal government has done.
According to US Treasury today: US will lose approximately $25 billion from $85 billion bailout. GM production shrinking in US and Honda is expanding. Honda is set to export cars from US. Government has no say in Honda – and they are killing GM!
UPDATE: General Motors Is Headed For Bankruptcy — Again (See my latest post!)
Is Honda employing Americans to build those cars?
Absolutely – these are Honda plants here in the US and will be exporting from here!
That is great that Honda is creating jobs for Americans!
Reblogged this on YourDaddy's Politics and commented:
Hey Joe Biden your a lying sack of feces! God will judge you and your party and you sir will get a leading role in HELL.
Reblogged this on Leftoutinamerica's Blog.