Now tell me – why was it necessary to plow taxpayer money into a company that is going to to move jobs from America to other countries to be profitable?

According to an outline the company has been sharing privately with Washington legislators, the number of cars that GM sells in the United States and builds in Mexico, China and South Korea will roughly double.
The proportion of GM cars sold domestically and manufactured in those low-wage countries will rise from 15 percent to 23 percent over the next five years, according to the figures contained in a 12-page presentation offered to lawmakers in response to their questions about overseas production.
As a result, the long-simmering argument over U.S. manufacturers expanding production overseas -- normally arising between unions and private companies -- is about to engage the Obama administration.

Remember – GM is now Obama Motors after the bailout. Will Barry Hussein allow those good jobs with good wages and benefits go to foreigners in foreign countries? Or will he insist that the company that he has poured taxpayer money into keep employing American taxpayers?

Posted by: Greg at 11:46 AM | No Comments | Add Comment
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