New GM plant in China

[billwald]

What's Romney's plan to bring manufacturing jobs back?

http://www.youtube.com/watch_popup?v=Lvl5Gan69Wo

 

[LadyEagle]

A tariff on these imports would help bring American jobs back

The American Airlines bankruptcy reveals the scope of President Obama’s political payback to the UAW. Unlike General Motors and Chrysler, American Airlines is undergoing a “normal” Chapter 11 bankruptcy according to the rule of established law. The GM (and Chrysler) bankruptcies of 2009 were directed by a White House task force that upended regular bankruptcy procedures. The White House objective was not to create a competitive new GM, but to get the best deal possible for the UAW and make GM a de facto “Government Motors.”

It’s not that the airline unions failed to deliver for Obama and the Democrats in 2008. The Airline Pilots Association contributed three quarters of a million dollars – small change compared to the UAW’s more than four million to Obama and the Democratic Party. Apparently you have to pony up big to get a deal from Obama.

The White House Auto Task Force and its Czar spared UAW the dismay and outrage of renegotiated union pay scales, revised work rules, and loss of defined-benefit pensions that American Airlines union members face. American’s anticipated fifteen percent job loss is about the same as GM’s, but without a dime of taxpayer money. Obama did not save GM jobs, he saved UAW pay scales and pensions. UAW members left their jobs with a $25,000 new car and $20,000 cash. (Chrysler employees left with much more). Laid-off American Airlines pilots, mechanics and flight attendants will likely leave with little or nothing.

<snip>

GM’s June 1, 2009 bankruptcy violated these principles. As it ran out of money, GM management and its UAW partners trekked to Washington instead of seeking private creditor-in-possession financing to file for Chapter 11 protection. Detroit had learned to go to Washington to solve problems not to Wall Street or Main Street.

The White House ran the auto bailout from start to finish. The Treasury provided $30 billion to see GM through its reorganization.

http://www.forbes.com/sites/paulrod...es-shows-the-corruption-of-obamas-gm-bailout/


I will never buy a GM product again.

 

[Bro. Curtis]

I'm all lol.

It was Obama that funded this new plant, now you are already blaming Romney ?

 

[carpro]

I'm all lol.

It was Obama that funded this new plant, now you are already blaming Romney ?

:laugh::laugh:

Where's the UAW's outrage?

Really funny. Government motors opens a plant in China. :laugh:

And union shill bw blames Romney. Cracks me up. :laugh:

 

[Robert Snow]

It's good news for GM, and for the company worldwide. I'm not against China having manufacturing, just not at the expense of American manufacturing. In this instance, I don't see anything wrong. I do agree with Ladyeagle, we do need tarriffs to make the playing field level for all players.

 

[Berean]

Industry did not leave the US it was run out! Whats wrong with Free Trade?