30 October 2012 0 Comments

General Motors = Chinese Motors – President Obama’s Bad Investment of Tax Payer Dollars

Let Freedom Ring has 60 minute commercial highlighting how tax payer financed and tax payer owned General Motors is outsourcing not only jobs but American tax dollars to manufacture in China.   Dan Akeson, General Motors CEO, brags about this Chinese partners. “our commitment to working in China, with China, for China remains strong“. In […]

7 October 2012 0 Comments

General Motors – Going from Bad to Worse – Government Failure at Taxpayer Expense

“GM is going from bad to worse”,  Michael Barone references  Automotive News Editor-in-Chief Keith Crain’s analysis (13 August 2012).   Michael Barone makes the points that: 1) GM is profitable in China; 2) GM is losing money in Europe; 3) Malibu and Volt have been failures in the US; 4) The government/The Forgotten Taxpayer is […]

30 September 2012 0 Comments

General Motors – Taxpayer Financed Expands in China – Short History and Overview of General Motors in China

WSJ provide us with a historical  perspective in it’s overview of the Taxpayer, financed, General Motor’s Partnership with the Chinese government.  It also provides the same perspective on General Motor’s investments, operations and jobs. READ MORE Balancing the Give and Take in GM’s Chinese Partnership August 19, 201 WSJ Sharon Terlep “In a joint venture […]

29 September 2012 0 Comments

General Motors Bailout Hammers The Forgotten Taxpayer

Bailing Out the Unions Costs The Forgotten Taxpayer Billions “Treasury now estimates the 2009 bailout will eventually cost the government $25.1 billion, according to a report sent to Congress on Friday. ” REUTERS 13 August 2012     

24 September 2012 0 Comments

GM Going Bankrupt – Another Obama Bailout Forcibly Financed by The Productive Forgotten Taxpayer

” President Obama is proud of his bailout of General Motors. That’s good, because if he wins a second term, he is probably going to have to bail GM out again. The company is once again losing market share, and seems unable to develop products that are truly competitive in the U.S. market.” READ MORE […]

1 September 2012 0 Comments

General Motors – 2/3 Jobs Are Foreign – President Obama’s Turnaround Model

“To be exact: 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 […]

18 August 2012 0 Comments

Obama Administration’s Outsourcing Dept of Energy Finances Finland Jobs

Fisker Automotive took $529M in taxpayer loans and outsourced the manufacturing to Finland.  Here’s what the Fisker CEO said. “We’re not in the business of failing; we’re in the business of winning. So we make the right decision for the business,” Fisker said. “That’s why we went to Finland.”  READ MORE Trade Reform 21 October […]

11 April 2012 0 Comments

Corporatism/Unionism: Government Redistributes $95,000 of Taxpayer Money (Plus Special Tax Break) to Unionized Workers at Chrysler and GM

A few benefit and many pay. Washington Examiner 1 March 2012    Taxpayer Pays         Unionized GM Benefits   “And for whom exactly is Obama’s “bet” on GM and Chrysler paying off? Not for taxpayers. Obama wagered $85 billion on the two auto companies, and his own Treasury Department has predicted that taxpayers will […]

9 April 2012 0 Comments

Corporatism: General Motors’ Nontaxed Profits – President Obama Comments

TaxProfblog (1 March 2012) aggregates:  “Following up on yesterday’s post, NY Times: Treasury Bent NOL Rules to Provide $26 Billion to AIG: Wall Street Journal editorial, The Other GM Bailout: The $18 Billion Tax Gift Obama Didn’t Mention“ Taxpayers Lose 23.6 Billion by Seth Motley of Intellectual Conservative (18 November 2011)  

7 January 2012 0 Comments

General Motors Corporatist: US Taxpayer Finances Unionized, Government Owned GM to Expand in China

President Barack Obama Finances Unionized Corporatist Crony Taxpayer Financed Capitalist General Motors  to Invest in China and Create Productive Jobs in China. China’s SEIC is a 1% stockholder in US Taxpayer Financed General Motors. Chevrolet Sail compact cars built at a Shanghai GM joint venture were lined up last October before being loaded onto a […]