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Posts Tagged ‘auto bailout’

General Motors Morphs Into China Motors

Saturday, May 11th, 2013

GM Shifts Jobs and Production to China

American taxpayers who paid $50 billion to bail out General Motors will be shocked and angered to learn that GM is moving jobs and production from the United States to China.

This is an insult to injury tale of federal duplicity that gives taxpayers a slap in the face. While GM shifts its focus from the United States to China, the automaker still owes the U.S. government more than $20 billion of the nearly $50 billion it received in the bailout in 2009.

No ...

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