Obama Motors: GM Using Taxpayer Dollars to Outsource

Share this Article

Author:

Harrison

Tags:

Governments do not belong in private industry.  In France we saw a recent row play out regarding Renault.  The Renault Clio (a cute economy car) was going to be built outside of France, resulting in some job losses domestically.  Renault was going to shift production to Turkey to save money on labor costs and to improve its bottom line in a very tough automotive marketplace.  The idea was nixed after French President Sarkozy had a vache about it all:

Mr Sarkozy had said he had not pumped government money into carmakers for them to move production abroad.

The French state has a 15% shareholding in Renault.

Contrast this story with that from Government Motors:

That’s a question being asked of GM today.  GM is using some of the money floated to them by the US government to bolster its operations overseas.  The upset is that part of the justification for investing tax dollars in GM was to create (or save) jobs here in America.

But Democrat Rep. Anthony Weiner had this to say about using the money to invest in oversees operations:  “I don’t think most Americans believe that when the taxpayer bailouts were happening it was intended for that purpose…it was intended to protect the American economy – not take the money overseas.”

It should be noted that U.S. banks that took U.S. taxpayer monies repaid those loans, with interest (giving the U.S. government a profit) and will be taxed anyway while GM, which hasn’t repaid the loans and is costing the government billions, is not only shipping jobs overseas with American government financial support but also won’t have to pay the taxes on “risky investments” that banks will.

And Obama could do what Sarkozy could… keep jobs in the U.S.

Did you like this article? If so, get new articles every day for free via RSS or Email

Related posts:

  1. The Fickleness of Liberal Taxes: TARP, GM, Chrysler
  2. Taxpayer Aid to the Developing World and Global Warming
  3. Another Sign of Too Much US Debt: India Trades Dollars for Gold
  4. Keep the Change
  5. Your Tax Dollars at Work

3 Comments

More on Liberals

  • Featured, Liberals James Rucker “Celebrates Diversity” By Saying Turn off Fox News

    James Rucker “Celebrates Diversity” By Saying Turn off Fox News

    Silly Liberals don’t want you to learn differing views. The more the “celebrate diversity” crowd on the Left turns its back on its mantra the more they expose themselves as the shallow, self serving bunch they are. The latest movement? Turn off Fox News. Here is the email from...

    Read more →
  • Liberals Dismantling of America’s Military

    Dismantling of America’s Military

    This is a Guest Post.  If you would like to submit an article for consideration please click here for the link. This article originally ran on FreeOrBound.  Please check out their excellent website on politics. Dismantling of America’s Military By Jason Hammond Draining the military? News came...

    Read more →
  • Liberals Nancy Pelosi’s Constitutional Views

    Nancy Pelosi’s Constitutional Views

    Dissent is Patriotic? Not if you aren’t a Liberal. Speaker of the House Nancy Pelosi, who is third in line for the presidency should something befall Obama or Biden, made a curious (for freedom loving peoples) remark the other day regarding the Ground Zero mosque: There is no question...

    Read more →
  • Liberals Do Unemployment Benefits Increase Unemployment?

    Do Unemployment Benefits Increase Unemployment?

    Do Liberal policies make unemployment worse? If you lose your job and collect unemployment are you more likely to stay unemployed until your benefits run out?  Judging by a recent study from Denmark the answer is yes: Many people get a job within the first three months of entering the system, but many...

    Read more →
  • Liberals Professional Left: Obama Reaps What He Sowed

    Professional Left: Obama Reaps What He Sowed

    Just shush about BO please! Obama administration spokesman Robert Gibbs caught heat the other day for saying that Liberals who criticized his boss were part of the “Professional Left” and compared them to drug users: I hear these people saying he’s like George Bush. Those people...

    Read more →
  • Liberals San Francisco Liberals Move to Ban Happy Meal Toys

    San Francisco Liberals Move to Ban Happy Meal Toys

    Would Mayor McCheese approve? Remember, it’s not up to the parents it’s up to the State: Toys that have been synonymous with kids’ meals at fast-food restaurants could soon be banned in San Francisco under a new law proposed Tuesday if the food contains too much fat, sugar or...

    Read more →
  • Liberals Michelle Obama: Let Them Eat Cake!

    Michelle Obama: Let Them Eat Cake!

    Capitol Commentary never begrudges anybody a vacation but one costing over half a million dollars at taxpayer expense in the middle of a Recession?  The plane trip alone (not counting security and support staff) is about $178,000.00.  Michelle Obama will reimburse the Feds the cost of a first class...

    Read more →
  • Liberals Liberals Get Pushy (& Testy) on Healthcare Mandate

    Liberals Get Pushy (& Testy) on Healthcare Mandate

    Please don’t notice the Emperor has no clothes! Under Obamakare if you don’t buy health insurance, you get fined.  Liberals seem bewildered that people would be upset by this.  The Proposition C vote in Missouri came out with 71.1% against and only 28.9% for. Missouri Democratic...

    Read more →
  • Liberals Nancy Pelosi’s Obamakare Email to Me

    Nancy Pelosi’s Obamakare Email to Me

    Unfortunately, my “representative” in the House is Nancy Pelosi so I am “lucky” enough to get email from her office.  Here is the most recent one concerning how Obamakare will save my life. A disclaimer at the end says this: This mailing was prepared, published and mailed at...

    Read more →
  • Liberals Approval of Kagan: Objection!

    Approval of Kagan: Objection!

    This is a Guest Post.  If you would like to submit an article for consideration please click here for the link. Below is an article on President Obama’s nomination of Elena Kagan to the Supreme Court.  This article originally ran on FreeOrBound.  Please check out their excellent website on politics. Approval...

    Read more →