While Obama is out on the campaign trial (and at the Presidential Debates), he has called Romney the “Outsourcer in Chief” and the “Pioneer of Outsourcing”. But if Romney pioneered outsourcing, it appears that Obama has perfected it.
Obama is out touting the General Motors bailout and that it is good for American jobs. He coupled that he saved 1 million jobs by doing so while Romney would have allowed GM to go in to Bankruptcy. By doing so he alluded that if GM went into bankruptcy under Romney’s plan that 1 million people would be unemployed.
How many major companies go into bankruptcy protection and continue operations while keeping their creditors at bay while they restructure?
What is worse, is Obama touts that General Motors is a model he wants to continue. Interestingly, The China equivalent of a CEO for GM touted that they have expanded in China and that 7 of 10 automobiles GM manufactured were made outside of the United States.
Seems to us that under Obama, GM has been able to expand its manufacturing in China, making Obama a major outsourcer of Jobs with your money.
Outsourcer-In-Chief: Obama Of General Motors
At a Colorado pep rally, President Obama praised his GM bailout as an example for American industry to follow.
“The American automobile industry has come roaring back…So now I want to say what we did with the auto industry, we can do it in manufacturing across America. Let’s make sure advanced, high-tech manufacturing jobs take root here, not in China. And that means supporting investment here. Governor Romney … invested in companies that were called ‘pioneers’ of outsourcing. I don’t want to outsource. I want to insource.” Applause!
General Motors is becoming China Motors. Forget the spin. The evidence is clear and convincing. Did U.S. taxpayers save GM for China? Listen to the candid comments of GM’s CEO.
- Here’s the truth about Romney on GM: Obama lied (americanthinker.com)
- Pay attention Michigan and Ohio – Fact checking Romney and Obama on GM