New GM CEO Dan Akersan is from the Carlyle Group, famous for sending American jobs overseas
From Denny: Here's what is really happening and how the President got snookered by Big Business, namely the auto makers and, in particular, General Motors.
GM just reported their best quarterly profit in six years: $33 billion. Yet they are suddenly changing out their CEO to a guy who is with the Carlyle Group. What is the reputation of the Carlyle Group? These guys are a bunch of snakes. They are known for shipping jobs overseas.
As soon as this new GM CEO, Dan Akerson, was announced GM made a move to create a new plant in Mexico to the tune of a $500 million investment. Those are American jobs getting shipped out of the country yet again by Big Business.
Team Obama did a lousy job and did sloppy negotiations nor did they hold Big Business to the fire to do more than save jobs. They did not get any commitments from the auto industry, namely General Motors and Chrysler, to create jobs. And, so, the American taxpayers who footed the bill for all these bailouts gets the reward of thousands of their jobs getting sent out of the country.
It's time for Team Obama to step up and defend the American worker and take back those jobs - and those tax breaks for American Big Business who stiff arm us. As it is, the jobs that need to be created to get us back to a stable economy is huge: the astounding number of 22 million.
