This Is So Wrong: "Bailout Money Used To Move Jobs Out of US"
The good---Obama's creating a bond of trust with the crowd, for example--- to the bad: his evasiveness and weaseling on trade, not challenging any aspect of globalization, and the very ugly, which is an eye-opener and unconscienable: bailout money used to move jobs out of the US.
Bybee writes:
"The picket line set up outside the Obama event by infuriated members
of United Auto Workers Local 72, of the Chrysler engine plant in nearby
Kenosha (10 miles south of Racine), was the most immediate reminder of
how U.S. taxpayer dollars have helped ship jobs overseas.
"With
the help of a federal "bailout" sold to the public as helping Chrysler
to stay alive and retain jobs in America, Chrysler is actually using
part of the funds to relocate the last 850 automaking jobs in Wisconsin to a new plant in Saltillo, Mexico.
"The Kenosha to Saltillo maneuver is a particularly appalling breach of faith with both the public and workers. Chrysler and Obama administration officials, including economic advisor Lawrence Summers, broke their pledges made in an April 30, 2009, conference call almost immediately.
"The very next day, Chrysler announced the relocation to Mexico. The
move also broke a longstanding, formal agreement under which Chrysler
committed itself to building new engine lines in Kenosha.
"But
while infuriating, the Chrysler move to Mexico was typical of the
overall auto bailouts. The net impact of the GM and Chrysler bailouts
financed by US taxpayers—shaped largely by Wall Streeters like Summers
and Treasury Secretary Timothy Geithner—has been to eliminate more U.S. auto jobs while bringing in more components and cars produced by GM and Chrysler plants in places like Mexico and China."
Given Obama's continuing supplemental war spending; his deficit aka Cat Food commission attack on Social Security but hands off military spending and tax cuts for the wealthy; ignoring any New Deal solution for double digit unemployment; dissing of labor unions; a deliberately weak stimulus; promoting center-right, Bushite policies; caving to the GOP; spinelessness when it comes to the common good; etc. the following Bybee reminders may be quite prescient.
"After turning labor and environmental safeguards into meaningless "side
agreements, Clinton, Al Gore, and Rahm Emanuel put together a coalition
comprised mostly of Republicans to gain passage of NAFTA in November
1993.
"At present, Obama and his advisors ought to remember
that this less-tha-brilliant strategy created an economic disaster for
cities like Racine across America, and also fueled a crushing
Republican upsurge in the 2004 mid-terms when demoralized Democrats
stayed at home."




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