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GM to Move Volt Production to China?

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    Rep. Joe Walsh, (R-Ill.), on the possible move of GM’s electric-auto production to China.

  • Duration 3:33
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What -- follow the money looks like President Obama may have to travel far to drive his beloved Chevy Volt the administration's Green agenda continues to crash and burn -- now after receiving billions in bailout money.

General Motors plans to move the -- technology to China joining me now is congressman Joseph Walsh congressman.

-- -- we'd give and then billions -- millions of dollars for this project and now China's gonna be the beneficiary not only of our technology our money but also our jobs.

Hey Eric nothing this president does should surprise us anymore it one quick word on the jobs report you nailed it.

Understand this economy is beginning to rebound in spite.

Of everything this president is done.

And it speaks to how resilient this country is because after three years his policies have just destroyed job creation this country look.

We have wasted millions and millions of taxpayer dollars -- this notion of Green jobs and now here's the latest example of GM.

-- -- research and development of electric -- Over to China.

It sure looks like and smells like eventually.

Production of the volt is gonna be done over in China with the subsidies that the Chinese Government is gonna give GM.

To make them over there -- congressman -- when your colleagues and in the Republican House.

Is looking as is looking to -- ability to kill that -- -- 500 dollar.

Green car credit are you on board that.

-- absolutely.

Again we have this president has propped up this entire notion.

Of Green jobs and he is subsidizing this industry to the two and again of millions and millions of dollars.

Unworkable and now we've seen with so -- truck and other examples where literally money has gone to companies.

That have folded that have gone into bankruptcy in this this issue here which GM.

Eric is really troubling I mean we bailed out this company.

The but Obama's cars -- mister Rattner is still going around saying what a great success the auto bail -- is.

That he had to revise their estimates up that it's gonna cost the American taxpayer right now still about 24 billion dollars through and now we're finding out that these Green jobs.

Are gonna be made over and are gonna develop over in China.

If congress and by the numbers we gave them -- we gave GM fifty billion dollars they gave us back somewhere around.

Twenty -- -- not sure these actual cash number but we also now saddled.

With a stock that came public which means we own it as tax -- At 31 dollars a share it's trading in the low twenties right now we may never see the billions that we bailed GM out for.

We've also given and Green energy loans was on -- not state local loans.

And grants to GM.

Mark -- got out what -- auto analyst I believe he's in Michigan.

A came up with a 250000.

Dollar per unit per should be -- cost for the bulk we're we're just bleeding money to them.

And now -- these seven to 8000 of them are basically being recalled.

Because they're been fighters and some of the tests of these votes so -- say it's a flawed technology that we continue to prop up.

But again most troubling here is this president talking about it's make or break time for the middle class and jobs if he continues to ship.

Jobs overseas receipts all right congressman -- believe they're Jo Walsh thank you so much our.

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