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While Obama Campaigns Against Chinese Auto Subsidies, U.S. Treasury Won't Sell GM Stock

Hambone763 Wrote: Sep 17, 2012 4:25 PM
If Obama is campaigning so hard against China, why is his precious bailout (GM) investing China? Seems like the hypocrisy never ends.

Today, President Obama heads to Ohio and, in a push for manufacturing votes, he will hit China for subsidizing its auto industry and giving it an unfair trade advantage. It's a fairly standard campaign strategy, appealing to the Rust Belt by talking up American Made and attacking foriegn trade manipulation. Reuters reports:

The new U.S. case filed at the World Trade Organization targets what Washington said were "extensive subsidies" to Chinese auto and auto-parts producers located in designated regions, known as export bases.

"Those subsidies directly harm working men and women on the assembly line in...