(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
- 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)