images/forum_images/thinker.gif

Obama’s China Bailout – 70% of GM Cars now Made In Communist China

member "op-ed" philosophical opinion & electoral debate

Obama’s China Bailout – 70% of GM Cars now Made In Communist China

Postby edtudo » Sat Oct 27, 2012 11:42 am

Obama’s China Bailout – 70% of GM Cars now Made In Communist China

The issue is more complex. GM did not just become Government Motors, it became China Motors. After $80 billion of taxpayers’ dollars “saved” GM and Chrysler, GM opened a plant in Wuling, China. Research and development for car design was moved to China. Dan Akerson, CEO of GM said in Shanghai, China, in February 2011:



“Seven out of ten automobiles were made outside of the United States. We have 11 joint ventures in China with SAIC and FAW. We operate 11 assembly plants in China, four power train plants in eight cities across the country. We have more than 2,700 dealerships and sales outlets nationwide. We regard our eleven joint ventures as 11 keys to success. Not just in China but globally. Our commitment to working in China, with China, for China remains strong and focused in the future. We are now building out the advanced technology center which will bring our research and development that is centered largely in the U.S.; we are going to diversify that more into China because we think this market is so critically important to the success of our company. GM is a company well established for the future in China.” (May 4, 2012, video clip narrated by Vince Wade, http://www.youtube.com/watch?v=Lvl5Gan69Wo) [video embedded

http://usactionnews.com/2012/08/obamas- ... ist-china/
Last edited by paula ticks on Sat Oct 27, 2012 5:28 pm, edited 1 time in total.
Reason: Closed. tt spam---too many topics per day per board.
The first communist agitator in the White House
User avatar
edtudo
 
Posts: 27198
Joined: Wed Mar 30, 2005 1:13 pm
Location: Western Idaho

Re: Obama’s China Bailout – 70% of GM Cars now Made In Communist China

Postby attaburnsinhell » Sat Oct 27, 2012 12:13 pm

what you fail to realize is that they are building them there to sell them there, not to export back here

it's too expensive to export cars
User avatar
attaburnsinhell
 
Posts: 33777
Joined: Thu Oct 21, 2004 9:49 pm
Location: leftwing Republican

Re: Obama’s China Bailout – 70% of GM Cars now Made In Communist China

Postby buckfan » Sat Oct 27, 2012 12:14 pm

That headline is not what he said. He said 7 of 10 (70%) were made outside the United States. Not all those cars are made in China. GM builds cars all over the world; Europe, Australia, South America and Africa. They are the number one car manufacturer and they tend to build cars where they are sold.

Now, if they were building cars in China and exporting them to the US I would join in your outrage.
buckfan
 
Posts: 25394
Joined: Wed Nov 03, 2004 4:34 pm
Location: USA

Re: Obama’s China Bailout – 70% of GM Cars now Made In Communist China

Postby Pigasus » Sat Oct 27, 2012 2:07 pm

As usual, Mr. edtudo is unable to process information correctly.
Learn from your parents' mistakes. Use birth control.
User avatar
Pigasus
 
Posts: 31354
Joined: Mon Jul 26, 2004 11:12 pm
Location: Flying The Friendly Sties

Re: Obama’s China Bailout – 70% of GM Cars now Made In Communist China

Postby edtudo » Sat Oct 27, 2012 3:15 pm

Obama's jobs czar and head of General Electric- a Mr. Jeffery- Immelt is one of the biggest outsourcers on the planet.
GM paid no tax while exporting jobs overseas.

The first communist agitator in the White House
User avatar
edtudo
 
Posts: 27198
Joined: Wed Mar 30, 2005 1:13 pm
Location: Western Idaho

Re: Obama’s China Bailout – 70% of GM Cars now Made In Communist China

Postby rich236 » Sat Oct 27, 2012 4:56 pm

".
edtudo"]

When did you stop Championing this Obama union Bailout that cost 100,000 small business dealership jobs, 100,000 small bondholders their bonds
and the pensions of all the GM office workers for the union workers.
--- and the making of the $80,000 chevy Volt they are selling AT $35,000. -- LIKE WHEN..? ... [rotflol]

you love these tax payer funded bailouts THAT YOU PEOPLE SAY GOVERNMENT - JUST DOES IT BETTER ........ :lol:
rich236
 
Posts: 11088
Joined: Mon Feb 28, 2005 10:01 pm


Return to Op EDITORIALS: personal & political governance

Who is online

Users browsing this forum: reinoe, the whig, wolf braun and 8 guests