Have you seen the GM commercials lately where baseball players are overheard singing? What hypocrisy, what out and out deceit!
We gave them $65 billion and they took it all to China, all the while trying to act like they are an all American company!
Posted on 06 June 2012 by Michael Stumo.
Dan Akerson, CEO of GM, says that seven out of 10 GM automobiles are built outside the U.S. They have 11 joint ventures with Chinese government controlled auto manufacturers. They are moving R&D to China.
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When the federal government bails out an industry or provides tax incentives or subsidies, or when state economic development agencies do the same, there need to be terms that benefit the U.S. in terms of production and job growth. We can’t subsidize offshoring. Producing here and selling to our wealth consumer market need to go together.
Vince Wade has the video documenting GM’s actions.
Related: All American company?
Bob Hall says:
TradeReform readers might also enjoy my video from October 2011, which explains how China’s military is the biggest employer in Saginaw, MI:
Joe Brooks says:
“Every single year, hundreds of billions of dollars leaves the United States and goes to China.”