It looks like the GM plant in Janesville, Wis. is not going to open again.
It seems that GM can’t spare any of the Obama bailout money for Janesville but plans to spend $1 billion on factories in Russia, $7 billion in China, $1 billion in Mexico and $600 million on the British soccer club, Manchester United.
President Obama brags he saved GM with U.S. taxpayer dollars.
According to the Treasury Department, GM still owes taxpayers $30 billion of the $50 billion it got in the bailout.
GM’s lending arm owes another $15 billion of the $17 billion tax dollars it got under the bailout.
Treasury says taxpayers should expect to lose at least $25 billion when it’s all said and done.
The money flowing overseas doesn’t bother President Obama.
He likes redistribution. He said so more than once.
He also said once his goal was to double U.S. foreign aid.
Obama is also in favor of granting the United Nations taxation authority.
He likes the idea of U.N. taxation of resources taken from the oceans, a global tax on financial transactions to go to the United Nations and promotion of the new global government.
I think we need more leaders who put Americans and American freedom first.
That’s why I’ll be voting for Tommy Thompson and Mitt Romney.