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Obama & Hillary are globalists. They see nothing wrong with using taxpayer money to bail out a automobile manufacturer, only to have that manufacturer send 1000s of jobs to China.
Completely disgusting. The communists in China are laughing their asses off at the stupidity of Obama and their good fortune from it.
As a side note, the article is B.S. spin. The bail outs did not stop Chrysler and GM from going out of business. It only stopped them from going through a proper bankruptcy.
Damn that Senator Obama... for making President Bush rescue Chrysler!
Quote:
December 19, 2008: 2:48 PM ET
NEW YORK (CNNMoney.com) -- President Bush announced a rescue plan for General Motors and Chrysler LLC Friday morning that will make $13.4 billion in federal loans available almost immediately.
PS:
Yes, yes, I know - regardless of reality, this Trump lie will be swallowed hook, line and sinker by the barking Branch Trumpidians...
That was one part. Yes Bush should be despised for all of this also but that was appx 10% of what they ended up getting. Bush did do that. Obama did the rest.
It is a four year old tweet and it never happened as implied. Manufacturing was never sent to China. Jeeps for the US are still built in the US. In fact, production has expanded and new jobs were created in the US. Jeep has also opened plants in several countries. The reason is that they can't be competitive manufacturing in the US and then exporting because of import tariffs in many countries. All of the manufacturers have global production. Many of the cars of foreign companies sold in the US are made here too - including Jeeps. Chrysler is an Italian company.
Digging up a 4 year old Tweet?
Jeep is now made on 4 continents
But until last year, when production of the Renegade began in Melfi, Italy, Jeeps were only produced in the U.S.
That severely handicapped the brand's ability take advantage of its global name recognition, said Stephanie Brinley, an automotive analyst for IHS Automotive. Other brands, such as Ford, Chevrolet and Toyota, have had a global manufacturing presence for years.
"This is what a lot of manufacturers have been doing for a long time," Brinley said. "This is a good thing for Jeep and the company because they have products that are in demand ... and that should perform well in international markets, but they have not had access."
As the article notes......the Renegade is not built anywhere in the U.S. Why are they building them in China? To get around import duties. I do not have a major problem with that. If they want to build these in China for the Chinese market fine. What will happen though is they will be shipped back here with NO import duties.
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