Obama's (Un)American Auto Bailout

[Twister Frost]

http://michellemalkin.com/2012/09/05/obamas-unamerican-auto-bailout/

Wonder if this will become a talking point in the weeks to come---surely should--think it ought to be hammered on!

 

[Mike]

This should be cussed and discussed for sure.

I'm also tired of the Democrat lies that Romney was against a bail-out of GM.

He just wanted a real "Managed" Bankruptcy as opposed to just handing GM $Billions$.

 

[Tam]

This should be cussed and discussed for sure.

I'm also tired of the Democrat lies that Romney was against a bail-out of GM.

He just wanted a real "Managed" Bankruptcy as opposed to just handing GM $Billions$.

And guess what the GM had to do to get through the mess, they filed for BANKRUPCY and came out the other side and picked up the -pieces.

GM's Chapter 11 filing caps a decades-long slide, but it should emerge relatively quickly from court with lower labor and debt costs
A once proud and dominant General Motors, which at its peak controlled half the American auto market, filed for bankruptcy court protection on June 1 in an historic act that will see federal taxpayers own 60% of a smaller, reorganized company.
After decades of decline, GM (GM) was finally brought to its knees by the recession and frozen credit markets, forcing the company into the arms of the federal government. But the money the government gave to keep GM upright—$19.4 billion to date and as much as $30.1 billion more down the line—came with big strings. President Barack Obama wanted GM to completely restructure so it could become competitive again. The only way to get the savings the carmaker needed from bondholders and its sprawling dealer network was under the umbrella of court supervision.

Romney said let them go into controled Bankruptcy and that is exactlly what they did to survive.

 

[hypocritexposer]

I posted a thread a bit ago, about obama's outsourcing.

My comment priviledges have been "suspended" at Huffington post for posting the same information, in a thread about Romney ousourcing jobs. :lol:


Dems. seem to have a problem with the truth. their "moderators" are the judge of truth.

I'll repeat it now and when you have anybody discuss Romney's outsourcing, shoiw them the list.

AUSTRALIA: $162,000 for Melanoma Tumor Samples to be sent to the National Cancer Institute

CHINA: Outsourced jobs to China.

● $30 MILLION to an American LED manufacturer to open plants. It did, and half of the company's employees are now located in China.

● $337 MILLION for an Arizona solar plant – the panels will be supplied by a Chinese solar panel manufacturer.

● GE cancelled a contract with an American manufacturer of parts for Wind Turbines, and then ordered from China. The company, ATI, offered to match the price from China. GE refused the order and the American company laid off 302 workers.

● GE has used Chinese-made Wind Towers over American Towers at Stimulus funded Shepherds Flat Wind Farm in Oregon.

● A solar power company received $5.4 MILLION in grant monies, then laid off America workers based on an increased reliance on imports from China.

DENMARK:

● $51.6 MILLION in Obama Stimulus Grants to build factories in the US. Layoff of 180 US workers have been announce,

● and possibly another 1,600 by the end of 2012. $218 MILLION Stimulus grant for wind turbines for the US assembled in Denmark.

● $25 MILLION for the construction of a "Demonstration Scale Biorefinery."

DOMINICAN REPUBLIC: Obama Stimulus funds for Renewable Energy Call Center (could have been a US project).

EL SALVADOR: Stimulus funds used to hire hundreds of workers in El Salvador and the Dominican Republic to administer Renewable Energy Appliance Rebate Program (could have been a US project).

FRANCE: Obama Stimulus funds for foreign-made Wind Turbines. $69 MILLION in cash grants

FINLAND: $100,000 to build luxury electric sports cars

GERMANY:

● $440 MILLION for Wind Farms before Stimulus was passed. Turbines for US used were manufactured in Germany.

● Another $100 MILLION to Spain in grant monies for Wind Farms. In September 2011, the company announced the would lay-off 10% of their American workforce.

GREAT BRITAIN/UK: UK:

● $39 MILLION in Obama Stimulus funds to build electric delivery trucks.

● Another British private equity firm received $40+ MILLION in Obama Stimulus Funds by buying an American company days before the Stimulus funds were designated.

INDIA: Stimulus funds for Wind Turbines manufactured in India for the US use. $69 MILLION in cash grants.

INDONESIA: $1.5 MILLION to reduce pollution in Jakarta, one of Obama's home cities

ITALY:

● Obama Stimulus funds for foreign-made Wind Turbines. Italian company, Brevini Wind was given a $12.75 MILLION Tax Credit to manufacture gearboxes in Indiana. The company promised to hire 450 Americans. So far, only 70 jobs have evolved and the facility will not be in operation until late 2013.

● Other Italian Wind Turbine manufacturers received of $84 Million in CASH GRANTS throug Obama's Stimulus

JAPAN: Before the Obama Stimulus was passed, we sent money to Japan to build a Wind Farm. $91.4 MILLION in grants – 180 Turbines manufactured in Japan by Mitsubishi.

LUXEMBOURG: $31.5 MILLION in Obama Stimulus funds for a Waste Heat Recovery Unit

MEXICO:

● Obama Stimulus funds for Mexico. Mexico's SunPower says some of the solar panels for the $1.3 BILLION stimulus-backed California Solar Valley Ranch will be manufactured in Mexico – not California.

● Another $16 MILLION to create green manufacturing jobs in Mexico, while the US company laid off workers here and sent work to Mexico.

NEW ZEALAND: Stimulus funds go to NZ contractor – work that could have been done by a US contractor. $817,000 awarded to Connexionz to install bus monitors for the city of Santa Clarita.

RUSSIA: We funded a company in Russia. It went bankrupt. Russian investors bought it. $118 MILLION from Obama's stimulus to produce vehicle batteries. The Russian investor's company may do work for the US Military!

SPAIN: Obama Stimulus funds for foreign-made Wind Turbines. $1.5 BILLION in loans and grants. The company claimed it had created over 15,000 American jobs but the company has only 850 US-based employees.

SWITZERLAND: A Swiss-based company received $50+ MILLION in Stimulus contracts for Smart Grid Meters. Cathy Zoi, a former Obama Energy Department Official held over $250,000 in stock in the company. Zoi has previously served as an Executive Director with the company before joining the Obama administration.

THAILAND: $200 BILLION for General Motors plant in Thailand – after GM took a taxpayer-funded bailout they build the Thailand lant to build diesel engines for the Chevy Colorado Pickup truck.

VIETNAM: GE builds Wind Turbine plant. GM's Jeffery Immelt chairs the President's Job Council and GM received over $1.2 BILLION in Obama Stimulus funds.

SOUTH KOREA:

● Obama Stimulus funded America jobs used to hire foreign nationals. $300 MILLION to manufacturer electric vehicle batteries after building plants in Michigan. Unions are balking and saying foreign nationals are being brought in to fill jobs for Americans.

http://obamanomicsoutsourced.com/