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Did We Just Bail-Out GM with $80B Only to For Them to Move Most of the Company to Communist China?
Reaganite Republican ^ | May 30, 2012 | Reaganite Republican

Posted on 05/30/2012 9:31:18 AM PDT by Reaganite Republican



Regardless of how much of your money Obama throws at them, Government Motors clearly has NO interest in working with his UAW pals over the long-run- and why should they? 
GM executives were left to do pretty much as they please...




You can be forgiven for thinking that the serially-incompetent Obama Administration might have placed some restraints upon the $80B TARP bailout- but they didn't. 

The result?



Yet Trump -who screams about China ripping us off day-in-and-day-out while Detroit circles around the drain- is just a kook, 
right Barry the Volt-dolt?



Even you die-hard Obammunist union guys ought to realize by know we're getting raped here... one of our largest corporations took our $80B, then turned-around and invested heavily with a daunting political and military adversary... with money borrowed from the frickin Chinese in the first place! 


They're getting stronger every day... so why the hell are we helping them to conquer us all?


My Bay City   Wikipedia   Say Anything   YouTube   h/t Speedunque


TOPICS: Business/Economy; Conspiracy; Government; Politics
KEYWORDS: china; communist; gm; outsourcing
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1 posted on 05/30/2012 9:31:31 AM PDT by Reaganite Republican
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To: ken5050

*** PING ***


2 posted on 05/30/2012 9:35:02 AM PDT by Reaganite Republican
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To: Reaganite Republican

If you let your wife-beater T shirt husband beat the hell out of you everytime the police aren’t there, why would you expect anything different? Because the police paid his bail last time and let him and his buddies out too? What do you expect?


3 posted on 05/30/2012 9:36:26 AM PDT by Gaffer
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To: Gaffer

SUPERB analogy

This stuff makes me cry, much of my family worked in the auto industry and I was a die-hard Pontiac guy back in the days... until the brand only produced hideous junk and then vanished from the face of the Earth completely


4 posted on 05/30/2012 9:38:30 AM PDT by Reaganite Republican
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To: Reaganite Republican

It’s a damned shame. I guess we’re gonna have to start breaking things down for the Democrat voter to understand in terms they know.


5 posted on 05/30/2012 9:43:46 AM PDT by Gaffer
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To: Reaganite Republican
Here in Mish all we hear about is the "great comeback"...yada yada...of course all the past "concerns" are being whitewashed/ignored(pensions/healthcare liabilities, viable business model, foreign competition, etc).

Like the rest of the U.S. economy, it's like the Titanic, the front part of the ship breaks off and sinks, those in the back part think they're safe...then.....

Trillions in borrowing can paint a nice faux finish...eventually reality bites you in the ass.

6 posted on 05/30/2012 9:45:35 AM PDT by RckyRaCoCo (I prefer liberty with danger to peace with slavery, IXNAY THE TSA!)
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To: Reaganite Republican
...now owns the famed WWII 'Arsenal of Democracy' Willow Run plant in Saginaw, Michigan.

That former bomber plant (Willow Run) is NOT IN Saginaw, Michigan. it is in Ypsilanti, MI. Also, there is hiring going on at several plants, Toledo, Ohio being one. Manufacturing in the US will never be the way it was, how can it? This administration is determined to destroy the middle class.

7 posted on 05/30/2012 9:55:03 AM PDT by madison10 (The tree of liberty must be refreshed from time to time with the blood of patriots & tyrants. TJ)
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To: Gaffer

“I guess we’re gonna have to start breaking things down for the Democrat voter to understand in terms they know”

What you referring to, bribery or force?

lol


8 posted on 05/30/2012 9:56:43 AM PDT by Reaganite Republican
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To: RckyRaCoCo

Michigan is never coming back imho


9 posted on 05/30/2012 9:58:16 AM PDT by Reaganite Republican
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To: Reaganite Republican

IT is all consistent with Obama’s plans/actions to quietly create a post America world. Its about dismantling, diminishing, and destroying American ability.

Its that overwhelming bitterness at work.

We need a American in that office.

FUBO


10 posted on 05/30/2012 9:59:13 AM PDT by himno hero (UQ)
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To: madison10

Thanks Madison, I should have known that... been by both before, and worked in MI

Conflicting articles called them both the “Arsenal of Democracy” plant, but the one the Chinese bought is Saginaw... not Willow Run.

Corrected on my site, much obliged sir

And what does GM have in Toodly-do? I only know of the Jeep plant


11 posted on 05/30/2012 10:03:27 AM PDT by Reaganite Republican
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To: Reaganite Republican
Due to this, Communist, totalitarian China's AVIC now owns the famed WWII 'Arsenal of Democracy' Willow Run plant in Saginaw, Michigan.

The Willow Run plan wasn't anywhere near Saginaw. It's in the eastern part of Ypsilanti Township, about 100 miles from Saginaw.

12 posted on 05/30/2012 10:04:44 AM PDT by Darren McCarty (The Republican Party is bigger than the presidency.)
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To: Reaganite Republican

I should mention that China definitely is pushing hard with GM. Hummer was sold to the Chinese.


13 posted on 05/30/2012 10:07:30 AM PDT by Darren McCarty (The Republican Party is bigger than the presidency.)
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To: Reaganite Republican

Toledo has a GM PowerTrain Plant—Transmissions. They took the work from the Willow Run plant, which has now been closed, and moved it to Toledo. The two plants were always in competition with each other and Willow was rather old. Sad.

Problem with the Willow Run plant-any transmission plant actually—is the supposed demise of the combustion engine.

(PS I’m a ma’am. LOL)


14 posted on 05/30/2012 10:10:46 AM PDT by madison10 (The tree of liberty must be refreshed from time to time with the blood of patriots & tyrants. TJ)
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To: Reaganite Republican

Regarding hiring at ANY auto plant in US: about as much chance of obtaining a job as winning the MegaMillions Jackpot. The odds are probably worse for the job.


15 posted on 05/30/2012 10:15:41 AM PDT by madison10 (The tree of liberty must be refreshed from time to time with the blood of patriots & tyrants. TJ)
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To: Reaganite Republican

Did We Just Bail-Out GM with $80B Only to For Them to Move Most of the Company to Communist China?.

Wonder if unions have played any part in it?.

Either way all thank you cards should be sent to Obama&Co.


16 posted on 05/30/2012 10:17:51 AM PDT by Vaduz
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To: Reaganite Republican

Yes, GM and the regime ripped off pretty much everyone. I’ll certainly never do business with them.

That said, going forward, how would you suggest GM deal with the largest auto market in the world?

Build cars in the USA, ship them to China, and lose money?

Sit on the sidelines and watch other companies make money?

Build cars in China, sell them in China, and make a profit?


17 posted on 05/30/2012 10:19:26 AM PDT by Darth Reardon (No offense to drunken sailors)
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To: madison10

OK Ma’am

My dad worked at Ford’s Cleveland Casting Plant, built in WWII and also essential in the war effort

And recently razed to the ground, although a new engine assembly plant and other older facilities remain there on Brookpark Rd next to Cleveland Hopkins Airport


18 posted on 05/30/2012 10:24:55 AM PDT by Reaganite Republican
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To: Darren McCarty

Conflicting articles called them both the “Arsenal of Democracy” plant, but the one the Chinese bought is Saginaw... not Willow Run, as noted above.

As for Hummer... the Chinese have already developed their own clones of the car as well. Private companies can do as they please, and I understand building cars there for the Chinese mkt.

Where we run into trouble is $80B TARP bailouts with NO concern by the Obama administration for US jobs. They seemed to focus on aiding the UAW, so only incompetence and naivete could explain allowing GM to run off to China... and with R&D too, you know the Chinese demanded that in the deals.

Problem, thy name is OBAMA


19 posted on 05/30/2012 10:30:03 AM PDT by Reaganite Republican
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To: Reaganite Republican

An example of why Marx promoted ‘free trade’ (the unfettered movement of capital, freed from all political, national and religious shackles) to speed up the onset of global communism.


20 posted on 05/30/2012 10:49:49 AM PDT by khelus
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