Obama appointed GE Chairman Jeff Immelt heading his commission on job creation (job czar) creating jobs in China.

The Rugged Individualist

Among the “bailouts” the one for which the Obama administration is happy to take credit is the GM bailout. Forget that it turned a century of bankruptcy law on its head and flagrantly favored unions over bondholders. Forget the hundreds of dealerships that were forced out of business. Forget that $80 billion of your hard earned money was used to prop up the enterprise. Obama touts the fact that “Osama bin Laden is dead and GM is alive” at every campaign event. However, is GM “alive” for Americans or Chinese? Well, in fairness, he borrowed the $80 billion from China. Keep a wastebasket nearby. You are about to lose your dinner.

Also, keep your eye on Waukesha, Wisconsin. Their biggest employer is moving out. General Electric is planning to move its 115-year-old X-ray division from Wisconsin to (drum roll, please – you guessed it!) Beijing. In addition to moving the…

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4 Responses to

  1. upaces88 says:

    I am very much against the Unions and GM. That funny little man, Ross Perot warned the U.S. and we ignored him. He was RIGHT.
    Now it is too late…so? What do we do?

  2. Pingback: Today’s Reading (06-11-12)… « Truth, Lies and In Between

  3. muse1876 says:

    Nothing GE or GM does surprises me. Some of the unions are helping to send the jobs over-seas. It doesn’t take a genius to figure out that if you can maker cheaper in X that is where you go. If your taxes in X are lower, that is where you go. Obama and his minions are killing this country.

  4. Roy Filly says:

    Thanks for posting my short dissertation.

    Roy Filly

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