When General Motors was going down the tube in 2009, the American taxpayers provided a 50 billion bail-out. The decision was not universally popular, as much of GM’s problems were self-imposed. This is the same GM of “see the USA in your Chevrolet”. President Obama and Vice-President Biden bragged big-time about this “successful bail-out” in the 2012 campaign.
Now we learn that GM is spending 11 billion on new production facilities in China by 2016. They will be creating 6,000 new jobs in China. Yet, they have only invested 8.5 billion in U.S. operations since the bankruptcy.