Obama’s (Un)American Auto Bailout

Obama’s (Un)American Auto Bailout

[media-credit id=7 align="alignright" width="300"][/media-credit]The untiring Michelle Malkin continues to try to educate Americans about the Obama auto bailout scandals and the real impact on the American people: Cue “Fanfare for the Common Man” and rev up the Government Motors engines. Wednesday is Great American Auto Bailout Day at the Democratic National Convention. Party propagandists have prepared a prime-time-ready film touting the “rescue’s” benefits for American workers. UAW President Bob King will sing the savior-in-chief’s praises. Only in a fantasyland where America has 57 states, “JOBS” is a three-letter word and bailouts are “achievements” does Obama’s rescue math add up. “Now I want to do the same thing with manufacturing jobs, not just in the auto industry, but in every industry,” Obama vows. God help the American worker. But like all of the economic success stories manufactured by the White House, the $85 billion government handout is a big fat farce. While Team Obama lambastes GOP rival Mitt Romney for outsourcing, Government Motors is now planning to invest $1 billion over the next five years — not in America, but in Russia. That’s on top of $7 billion total in China, close to $1 billion in Mexico, and $600 million for a shirt sponsorship deal with Manchester United, the British soccer club. GM is once again flirting with bankruptcy despite massive government purchases propping up its sales figures. GM stock is rock-bottom. Losses continue to be revised in the wrong direction. According to The Detroit News, “The Treasury Department says in a new report the government expects to lose more than $25 billion on the $85 billion auto bailout. That’s 15 percent higher than its previous forecast.”

Caterpillar: Goodbye Illinois, Hello Indiana's Right To Work

Caterpillar: Goodbye Illinois, Hello Indiana's Right To Work

Caterpillar digging into Indiana Caterpillar has been a mainstay Illinois-based company for generations but no longer.  The power and influence of big labor has impacted the company for too long, damaging its bottom-line and hurting workers. Now that Illinois' neighbor, Indiana, has become a Right to Work state, Caterpillar is exploring their options, according to The Detroit News' Robert Laurie: Back in 2009, Barack Obama announced that Caterpillar had promised to rehire some of its laid-off workforce if his stimulus proposal passed. This week, the nation's largest manufacturer of mining and construction equipment announced that it would be moving a factory from Canada to Indiana. In the process, it will create 450 new jobs in the state. You'd think the president would be happy, but this is not quite what he had bargained for. Take note, Governor Snyder. Caterpillar's move came almost immediately after Indiana passed a right-to-work law, which will make union dues voluntary in the state. Labor officials claim Right To Work will deplete union funds, making it much more difficult for them to organize factories. Coincidence? Workers who were formerly employed at the London, Ontario factory have been locked out since the beginning of the year after their union refused to accept pay cuts which would have kept the operation profitable. As a result of Big Labor's obstinance, these jobs have been permanently eliminated and the plant relocated. The work will now be done in Muncie, [Indiana].