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!
According to Obama, GM does everything right. It offers high-paying
jobs to American workers. It invests at home. GM put American
manufacturing back in the high-tech race on American soil. The new GM is
good for America, and America is good for GM, as a former GM chairman
declared in 1953. GM is back where it should be.
We need to look no further than General Motors’
own figures to learn that GM outsources almost two thirds of its jobs
overseas. Less than one in five GM vehicles are manufactured in the
United States.
go to forbes.com
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