After Dems Bailout, GM To Move Out of US

Ya know…you’d think professional, career lawyer/lawmakers would know how to right a contract or at least an invoice that says, “If you take our money, you keep the jobs here.” Nope. Now those same Democrats in Congress who pushed so hard to bailout GM-to keep it from going bankrupt, are wondering why GM plans to move manufacturing out of the U.S. after it gets out of bankruptcy. Did anyone REALLY think that throwing money at a problem without putting conditions on getting paid back was a good idea? Apparently the Democrat-controlled Congress did, and President Obama’s “Auto Task Force” seems to be putting a rubber stamp on the idea of moving American jobs overseas (something he specifically campaigned against before and after becoming President).

According to an outline the company has been sharing privately with Washington legislators, the number of cars that GM sells in the United States and builds in Mexico, China and South Korea will roughly double.

The proportion of GM cars sold domestically and manufactured in those low-wage countries will rise from 15 percent to 23 percent over the next five years, according to the figures contained in a 12-page presentation offered to lawmakers in response to their questions about overseas production.