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Obama Wants ‘To GM’ Every US Manufacturer

From the Politico:


Obama: Let’s repeat auto industry success

By DONOVAN SLACK | Thursday August 9, 2012

PUEBLO, Colo. – President Obama, while villifying [sic] Mitt Romney for opposing the auto industry bailout, bragged about the success of his decision to provide government assistance and said he now wants to see every manufacturing industry come roaring back.

“I said, I believe in American workers, I believe in this American industry, and now the American auto industry has come roaring back,” he said.

The auto industry has not come roaring back. They had a slight uptick because of the Tsunami in Japan. But they are still in trouble.

“Now I want to do the same thing with manufacturing jobs, not just in the auto industry, but in every industry."

Does that mean Obama wants to take every manufacturing company away from its owners and give them to the unions that are driving them into bankruptcy? Does this mean he wants to screw these companies investors?

Does this mean Obama wants to strip the pension and healthcare benefits from the non-union workers at these plants? Does this mean he will allow all of these manufacturers to pay nothing in taxes for the next ten years?

“I don’t want those jobs taking root in places like China, I want those jobs taking root in places like Pueblo,” Obama told a crowd gathered for a campaign rally at the Palace of Agriculture at the Colorado State Fairgrounds here.

Isn’t Chrysler now owned by Fiat, which is an Italian car company? Isn’t General Motors moving many of its jobs overseas, such as to China? They are even out-sourciing their advertising.

He made the remarks while pushing for the renewal of a tax credit for wind energy manufacturing – something Romney opposes

Sheesh.

“Gov. Romney brags about his private sector experience, but it was mostly invested in companies, some of which were called ‘pioneers of outsourcing,’” Obama said. “I don’t want to be a pioneer of outsourcing. I want to insource.”

And speaking of Obama’s success at ‘insourcing,’ we have this from CNN’s Money.com:

Chinese investment in battery maker A123 sparks controversy

By Steve Hargreaves | Thursday August 9, 2012

NEW YORK (CNNMoney) — U.S. battery maker A123 Systems said Wednesday it is receiving up to $450 million from a Chinese firm, the latest controversial foreign investment in an American company in the electric car space.

If completed, the deal would give China’s Wanxiang Group Corporation an 80% percent stake in a company that many held up as America’s answer to Asian dominance of the battery market

A123 (AONE) sprang out of research labs at the Massachusetts Institute of Technology in 2001 and was founded with $100,000 in seed money from the U.S. government. More recently it received a $250 million federal stimulus grant to open factories in Michigan, which now complement its manufacturing facilities in Asia…

It also has over $20 million in contracts with the U.S. military, which could prove a hurdle to getting the deal OK’d by U.S. and Chinese governments, which is required by law.

The military uses electric power in everything from soldiers’ gear to weapons systems on vehicles and aircraft. It is increasingly turning to electric power to reduce its dependence on vulnerable oil supply lines.

Already some lawmakers spoke out against the deal.

"Once again it appears the Department of Energy and the Obama Administration have failed to secure sensitive taxpayer funded intellectual property from being transferred to a foreign adversary," Florida Republican Congressman Cliff Stearns said in a statement

Earlier this year another American battery maker, Ener1, was bought out of bankruptcy by a Russian investor.

Ener1 also held U.S. military contracts and received government grants, and its purchase by a Russian was also criticized by some lawmakers and commentators.

And apart from the national security problems this raises, the Chi-Coms and the Russians are now buying inventions and patents that were funded by the US taxpayer for pennies on the dollar.

Both Ener1 and A123 are seen as having some of the best American battery technology in a field largely dominated by Asian firms. With the anticipated growth of electric cars, there’s a saying in the industry that United States may trade its dependence on foreign oil for a dependence on Asian batteries.

Isn’t irony ironic?

This article was posted by Steve on Friday, August 10th, 2012. Comments are currently closed.

5 Responses to “Obama Wants ‘To GM’ Every US Manufacturer”

  1. GetBackJack says:

    Well.

    I just pooped myself

  2. Petronius says:

    Can anyone say, “Who is John Galt?”

    “We are fast approaching the stage of the ultimate inversion: the stage where the government is free to do anything it pleases, while the citizens may act only by permission; which is the stage of the darkest periods of human history, the stage of rule by brute force.”
    – Ayn Rand, “The Nature of Government,” from The Virtue of Selfishness

    • mr_bill says:

      Agreed, John Galt indeed. The progressives’ slow erosion of the constraints of government has been enabled by a bunch of small-thinkers who have been duped by their progressive masters. These lemmings have been made to believe that they are accomplishing something good and meaningful and they fail to examine what powers they surrender to government in the process. They fail to imagine how these powers could be used against the governed. For example, the SCOTUS has just decided that Congress’ power to tax is unlimited! These progressive supporters can’t see past their universal coverage utopia to the horrors which can be unleashed by such a travesty against the government’s bounds of the social contract. They simply hand over powers to the government without a single thought of the tyranny of powerful government. The founders went to great length to protect the rights and freedoms of the people and ensure the government could not usurp these rights for the ambition of power. The left willingly surrenders these freedoms to our government without a thought of the terrible consequences of somebody like a second term Emperor nerobama. Perhaps they should be forced to endure some real tyranny. It would certainly show them the errors of their ways.

      It is truly, truly a dark time.

    • Rusty Shackleford says:

      You said it Mr Bill. The fallacy of having momentary security that results in life-long agony due to tyranny. And, even conservatives fall into that trap where they “want the government to DO something”.

      Part of that has to do with people’s natural compassion for others. But when I look at “the poor” I simply have to ask myself, “Why are they poor?” As in the case of my brand-new next door neighbors who are Section 8 housing recipients. They are poor because they are STUPID. Yet they now live in a house much better than the one I live in, for free, and the landlord gets their rent from the government…which means…from you and me, the working people. These new tenants probably have no idea what a tax return is…and in their world, life gets tough when the government office is closed for any reason and they can’t get their food stamps, welfare check etc.

      Of course the thing that made me double over in laughter was that they put up a “No Trespassing” sign in the front yard. They don’t own a lawnmower so someone else has to come over to mow it. But they DO have a clapped out Cadillac and a pickup truck. So they, I’m sure, consider themselves “every bit as good” as everyone else who works their asses off to make a living. I’m pretty sure they feel entitled to all that the taxpayers provide.

      And….Mrs Obama…I have a few words about obesity. The woman who lives in this house? She’s big enough to have her own gravitational field. Can’t be more than 40 years old…but…she can only waddle around as her calves are the size of tree-trunks and not from pressing weights, either. I swear she knocked an apple off the tree outside and it started to “orbit” her like a planet.

      Yup….”the poor”. They’re poor alright and I have no pity for them at all and don’t feel the least bit obligated to help them in any way at all.

      The real joy of having a Section 8 house right next door is the expected gunfire that will come soon enough, I’m sure.

      Prejudiced? You bet your sweet bippy.

  3. Right of the People says:

    This evil bastard needs to go!


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