POTUS brought up the subject of → GM + China so:

I might just be a → High School graduate from "Small-town Texas"

But even I can see the BS'ery of this picture:

(2009 - 2013)

[GM] - (Bankruptcy Bail-Out) US Gov. [Net Loss] = [$11.2 billion]

(2012)

[GM] - (Joint Venture - Chongqing, China) Building Plant = [$1 billion]

(2013)

[GM] - (GM Announces Plans for 4 New China Plants) = [$11 billion]

A company executive sales the U.S. automaker will build four new assembly facilities in China, adding 6,000 workers, by 2015. Chinese authorities will have to authorize the construction of any new facilities, the Detroit Free Press noted.

Along with its Chinese manufacturing partners, GM is expected to spend $11 billion over the next three years to increase production capacity in China.

In addition to building more vehicles in China, a the GM official noted that the company might consider exporting Chinese-made vehicles to the U.S.

——-

I'm a simple anon, please excuse me, but:

USA down [$11.2 billion] due to GM.

GM spending [$11 billion] in China.

Was this just an - IN YOUR FACE - [Transfer of Wealth]?

http://www.autonews.com/article/20121128/GLOBAL03/121129892/gms-chinese-joint-venture-to-build-$1-billion-plant-in-chongqing

https://www.reuters.com/article/us-autos-gm-treasury-idusbrea3t0mr20140430

https://texaslynn.wordpress.com/tag/bob-socia/

https://www.thebalance.com/auto-industry-bailout-gm-ford-chrysler-3305670

https://investorplace.com/2013/04/gm-announces-plans-for-4-new-china-plants/