Export Jobs by the American taxpayer

Can this be true ? ?

GENERAL MOTORS, GENERAL ELECTRIC: GUILTY OF ECONOMIC TREASON?

By Marilyn M. Barnewall
July 15, 2012
NewsWithViews.com

You, like me, may be tired of the presidential political ads – from both sides. The one that is fingernails on a blackboard for me is Barack Obama’s accusations that Mitt Romney has been for sending jobs to China. This entire television ad is a lie – and at its end the familiar voice of the man known as President Obama that tells me he approves the lies.

It was Barack Obama who gave TARP money to General Motors (which now builds 70 percent of its cars in China) and it was Barack Obama who appointed Jeffrey Immelt, General Electric CEO, his Chairman of the Council on Jobs and Competitiveness. Mr. Obama evidently didn’t realize Immelt was so stupid he needed to explain he meant American, not Chinese, jobs. Immelt calls China “GE’s second home.” I think Americans should make China GE’s only home.

It is Barack Hussein Obama, not Mitt Romney, who had the nerve to make this television ad about sending jobs to China when two men who belong to Obama – GM’s Dan Akerson and GE’s Immelt –
are sending jobs to China so fast my head is spinning!

AN OPEN LETTER TO DAN AKERSON, CEO, GENERAL MOTORS

In a 2011 speech in Shanghai, China, (listen to the speech here) just three years after General Motors and Chrysler received $80 billion from U.S. taxpayers to prevent both companies from failing, you, Mr. Akerson, said the following:

“Almost 7 out of every 10 cars we make are made outside the United States.” So, after accepting the “largesse” of the American people to save your poorly-run, unionized, lousy company, you moved 70 percent of cars built to China… taking jobs away from American citizens who will long be paying for the stupidity of General Motors management decisions over many years. Any American who doesn’t understand that unreasonable labor demands are COSTING rather than providing jobs is too dumb to vote!

Your Shanghai speech, Mr. Akerson, left no doubt that General Motors is now China Motors. You are shrinking your U.S. operations while increasing your Chinese business. You also said:

“We have eleven joint ventures in China with SAIC and FAW – vehicle manufacturing, sales, distribution, engineering, design, financing, (etc.). We operate 11 final assembly plants in China and 4 power train plants in 8 cities across the country… We have more than 2,700 dealerships and sales outlets nationwide.” SAIC is Shanghai Automotive Industry Corp – run by the communist government of China. FAW is another Chinese government-owned manufacturer.

“We regard our 11 joint ventures as 11 keys to success not just in China, but globally. Our commitment to working in China, with China, for China remains strong and focused on the future.” That’s what you said. (Akerson actually refers to China as 'the crown jewel in the GM universe.')

Your Cadillac brand actually sponsored a made-for-TV propaganda film. The Chinese Communist Party called it 'The Birth of a Party' in an apparent bid to become the black limo of choice for Communist Party officials. It makes me sick that I once drove a Cadillac – and even sicker that I still have an old Buick. I’ll be looking either at Ford or one of the Japanese cars when I invest in a new car. The Japanese, at least, employ Americans in America.

As far as I’m concerned, Mr. Akerson, you and your lousy company – like all multi-national companies – are guilty of corporate treason and economic terrorism. You have not only sold out the American people and economically crippled the nation because of your evident belief that your company is entitled to the benefits of American capitalism to save your sorry butts, but apparently also don’t believe Americans are entitled to the jobs the bail-out funds made possible. You are a liar and you are a thief… and your company has declared economic war against this Great Nation!

The truth is, the serially-incompetent Obama Administration placed NO restraints on the U.S.$80B TARP bailout and it stinks of crony capitalism. However, that’s no excuse for any American company to turn so viciously on the nation that gave it birth. I pray each night that you, personally – all American multi-national company CEO traitors – are judged in the next world by the same standards you have used in your corporate decisions (nothing personal, it’s just business). You only have to spend 80 or 100 here on earth, but you get to spend eternity in hell when your time comes (as it comes to all of us). You will pay a price for each person who has been harmed by your greed and avarice.

Would things be any better under a Mitt Romney presidency? Romney says the bailout of GM was okay because it saved Union jobs… but two of Romney’s biggest supporters, John Paulson and Paul Singer, walked away from the General Motors bailout with over a billion dollars – a 3000% profit from the GM playoffs – or, is that “payoffs?”

Because of GM’s un-American activities and willingness to ask the Chinese “how high?” when they are told to jump, China’s AVIC now owns the famed WWII ‘Arsenal of Democracy, Willow Run Plant, Saginaw Michigan.

AVIC, Saginaw’s largest employer, exports anti-ship missiles to… the Islamic Republic of Iran. No wonder nations of the Middle East consider the United States government a joke. It is.

You may be laughing now, Mr. Akerson… but it isn’t over ‘til the fat lady sings.

AN OPEN LETTER TO G.E. CHIEF EXECUTIVE OFFICER JEFFREY IMMELT

You, Mr. Immelt, are a particularly disgusting piece of trash and I say to any American that holds even one share of General Electric stock or buys a General Electric product, you belong on the same trash heap.

In February 2009, President Obama asked you to serve on the President’s Economic Recovery Advisory Board (and we can tell how much you know about business by the results we see almost four years later). On January 21, 2011, Obama, obviously impressed with your failures, appointed you chairman of the Council on Jobs and Competitiveness. This was a new position, created by Obama via one of his too frequent Executive Orders. In July 2011, you, Mr. Immelt, announced that General Electric is in the process of relocating its X-ray division from Waukesha, Wisconsin, to China. You have previously referred to China as GE’s “second home market.”

You, Jeffrey, are a pimp for your company and your company is a whore. In 2007, GE, the world’s largest industrial company, was one of the biggest beneficiaries of funds set aside to rescue banks. Is GE a bank? No, but as I said, it is a whore… it can be whatever it wants to be (that rhymes nicely with “G.E.,” doesn’t it?

GE has a company called General Electric Capital, one of the world's largest and most diverse financial operations. GE Capital makes loans for commercial real estate, aircraft leasing and issues credit cards for stores like Wal-Mart. If categorized as a “banking company,” it would be the seventh largest bank in America. Because GE Capital is not a bank, it did not qualify for TARP funds under the Temporary Liquidity Guarantee Program (TLGP) funds. TLGP is a Federal Deposit Insurance Corporation (FDIC) program designed to guarantee unsecured bank, thrift and holding company debt, thus strengthening confidence in the banking system. GE didn’t qualify for the program – but close to $80 billion was funneled through two small financial institutions into GE’s corporate coffers.

You see, GE Capital owned an FDIC-insured savings and loan and an industrial loan company in Utah. These two very small financial institutions made up only three percent of GE’s total asset base… but gained qualification to the TARP funds from the Obama administration under a loophole (more crony capitalism… debtism, I mean). Special privileges had to be manipulated through the system, but it was done quickly and, with Immelt in charge of NBC News, a GE company, publicity was contained. What can we deduce from your actions (rather than the lies which fall so easily from your lips)? How about this: GE is an American company when it is going bankrupt because of your poor management, but a global company when it wishes to ignore its responsibilities to the American people.

General Electric is a global company… which is totally compatible with your recent statement at the Milken Institute: “I am a complete globalist.”

Anyone who buys a General Electric product is supporting a company that has become one of the most skilled tax avoiders in America. In 2010, GE set aside a mere 7.4 percent of its $5.1 billion U.S. profits to pay taxes. Actually, it paid practically nothing.

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OBAMA OUTSOURCING MILLIONS OF DOLLARS IN HANDOUTS TO CHINA, RUSSIA

By NWV News Writer Jim Kouri
Posted 1:00 AM Eastern
July 17, 2012© 2012 NewsWithViews.com

Despite President Barack Obama's campaign team accusing his GOP opponent, Mitt Romney, of outsourcing jobs and money, in a transaction that would have angered American taxpayers -- if the news media ever bothered to tell them -- the People's Republic of China receives millions of U.S. taxpayer dollars to help with their so-called green projects thanks to a generous President Obama, according to a political strategist who spoke with NewswithViews.com on Saturday.

The outrageous part of the story is that the U.S. is indebted to China for almost a trillion dollars, according to a Washington, D.C. watchdog group that investigates government corruption.

"The Obama Environmental Protection Agency administrator, Lisa Jackson, who launched an enormously expensive program to make America’s minority communities green, has sent millions of taxpayer dollars to environmental causes in nations overseas, including China, Russia and India," said Michael S. Baker, an attorney and political strategist.

"Obama and his news media cohorts tell Americans that Romney outsourced money overseas. At least it was his own money or his company's stockholders' money. Meanwhile Obama and his minions outsource our money on a regular basis," notes Baker.

Ranking members of a congressional energy committee call it “foreign handouts” amid record deficits, soaring unemployment and U.S. cities declaring bankruptsy. The money -- close to $30 million -- has been issued by the Environmental Protection Agency (EPA), which is headed by Ms. Jackson, according to Judicial Watch, a group that pursues government documents through the Freedom of Information Act (FOIA) or through lawsuits filed in federal court.

The cash was distributed via 65 foreign grants that don’t even include what's given to Canada and Mexico, according to a report released by the House Energy and Commerce Committee and obtained by Judicial Watch that reveals in the past the U.S. EPA over $100M in foreign grants to battle pollution ... in grants to foreign countries aimed at reducing global pollution.

Among the handouts are $1.2 million for the United Nations to promote clean fuels, $718,000 to help China comply with two initiatives and $700,000 for Thailand to recover methane gas at pig farms, according toJudicial Watch's investigation.

An additional $150,000 went to help the International Criminal Police Organization (INTERPOL) combat fraud in carbon trading and $15,000 to Indonesia’s “Breathe Easy, Jakarta” publicity campaign, the Committee report stated.

This sort of federal spending does not reflect the priorities of the American people, according to a letter that several lawmakers sent Jackson in the report’s aftermath.

Since being appointed EPA Administrator, Jackson has gone on a manic spending spree to bring “environmental justice” to low-income and minority communities, say critics of the EPA. Under the program, dozens of left-wing groups have received millions of taxpayer dollars to help poor and impoverished people increase recycling, reduce carbon emissions through “weatherization [sic], participate in green jobs training and avoid heat stroke."

"Did anyone ever consider that you prevent heat stroke by warning people not to go out for long periods in the hot Sun? That costs millions of dollars? Now that's one training class I've got to see for myself," quipped Baker.

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The EPA's budget has also surged 34% since Jackson took over to a whopping $10.3 billion, according to Judicial Watch, and that figure includes $43 million for efforts to reduce greenhouse gases that the agency claims “endanger” public health, according to Judicial Watch's investigation.

By the EPA's own statements, Administrator Jackson has pledged to focus on core issues of protecting air and water quality, preventing exposure to toxic contamination in U.S. communities, and reducing greenhouse gases. She has pledged that all of the agency's efforts will follow the best science, adhere to the rule of law, and be implemented with unparalleled transparency.

Nearly half of the EPA’s budget goes to grants that fund environmental programs, nonprofits, educational institutions and other left-leaning organizations that help promote the Obama agenda, claims the Judicial Watch report.

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