17 Oct
The Outsourcer in Chief
President Obama loves to blame Romney and Bain Capital for outsourcing American jobs overseas, while he stands as the champion of the average American worker.
Think again, dear friends, think again.
Abe Lincoln’s advice certainly applies to Mr. Obama: “You can fool some of the people all of the time, and all of the people some of the time, but you cannot fool all of the people all of the time.”
When speaking about how he “saved GM” from bankruptcy, you might be surprised to know that GM outsources almost two thirds of its jobs overseas. Less than one in five GM vehicles are manufactured in the United States.
To be more precise, GM’s December 31, 2011 annual report shows General Motors of North America accounting for 98,000 of the 207,000 GM jobs worldwide. But 12,000 of these jobs are in Canada and 11,500 are in Mexico. Accordingly, GM has 74,500 jobs in the United States and 122,500 abroad, even after Obama’s touted surge in Detroit jobs. Almost two thirds of GM’s jobs are in other countries.
Who is Obama kidding? The answer is YOU—the American tax-payer. Why? The answer is simple: Obama is counting on your ignorance to reelect him.
Unabashedly, GM’s goal is to make Mexico prosperous—at the expense of Americans! In the same press release, GM heralds its upcoming billion dollar investments in its Mexican plants (versus a $100 million investment in Rochester, New York). It should have saved the Rochester announcement for another day.
American Stimulus dollars are helping GM expand manufacturing in the BRIC countries of Brazil, Russia, India, and China. Again from GM’s annual report:
“We will continue to grow our business under the Baojin, Jiefang, and Wuling brands. We operate in Chinese markets through a number of joint ventures and maintaining good relations with our joint venture partners, which are affiliated with the Chinese government, is an important part of our Chinese growth strategy.”
Seems like a good match: U.S. Government Motors with China’s “national champions.” Well, Obama likes government-private partnerships. Our GM is now in cahoots with the titans of the Chinese Communist Party.
Let’s remember Obama’s words at his Colorado rally: “Let’s give tax breaks to companies that are investing here. It’s the right thing to do.”
Right, Mr. Obama.
Maybe Obama needs to revoke GM’s free pass on taxes and make sure all its bailout money is repaid. It would not be good for the campaign if word got out that TARP and other federal money ended up in Mexico, Brazil, or Russia.
According to Obama, GM does everything right. It offers high-paying jobs to American workers. It invests at home. GM put American manufacturing back in the high-tech race on American soil. The new GM is good for America, and America is good for GM, as a former GM chairman declared in 1953. GM is back where it should be.
Didn’t it ever occur to Obama to put conditions on GM to hire only Americans??
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