How Obama’s Bailout of GM Subsidized China *vid*Submitted by Charleston Voice on Sat, 05/26/2012 - 16:50
Written by Gary North on May 25, 2012
In 2009, the Obama administration turned over $49.5 billion in bailout money to General Motors.
The company knew what to do with this money. It created jobs in China, where it has 2,700 dealerships. It also had its Cadillac division sponsor a movie produced by the Communist Party of China that praises the history of the founding of the Party.
This is called “branding.” Message: “The Chinese Communist Party is the Cadillac of Communist parties.”
The head of GM bragged in a speech in China that 70% of GM’s cars are made outside the USA.
You say you never heard about this. I wonder why not. Keep reading. It gets worse.