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Flashback -- Biden Cozied Up to General Motors' Mary Barra: 'GM is Alive!'

posted onApril 27, 2019
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Article snippet: Throughout the 2012 presidential election cycle, Biden routinely claimed that “General Motors is alive” following the Obama administration’s $11 billion taxpayer bailout of the company in 2009. Years after the bailout, Biden and officials with the Obama administration not only touted Barra’s leadership at GM but invited her to the State of the Union Address in 2014 and took photo-ops with the executive. Today, Barra is overseeing the layoff of thousands of American workers as GM shifts and increases production in Mexico and China. Barra’s mass layoff effort is stopping production at four of its U.S. plants, including Detroit-Hamtramck and Warren Transmission in Michigan, Lordstown Assembly in Ohio, and Baltimore Operations in Maryland. While GM was bailed out by U.S. taxpayers, the Obama-Biden scheme came with no commitments for the corporation to stop outsourcing Americans’ jobs overseas. In 2011, Hoover Institution at Stanford University research fellow Paul Gregory noted that despite the Obama-Biden bailout for GM, the company continued outsourcing American jobs abroad. A 2011 report detailed GM had less than 75,000 jobs left in the U.S. while employing more than 122,000 foreign workers overseas. At the time, nearly two-thirds of GM’s workforce was located abroad. Rather than stopping GM’s outsourcing, the Obama-Biden scheme focused much of their attention on subsidizing and promoting electric, plug-in cars like the Chevy Volt. Last year, Barra announced that ... Link to the full article to read more

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