How fair is it for President Obama to continue to tout the "auto bail out" as a success when you read that GM is near bankruptcy again, the electric battery market has all but dried up, and now we read on washingtonexaminer.com that Jeep, an Obama favorite, is looking to shift production to China. CHINA! Our largest creditor. Where is the success? I'm just asking.
But yes, in another potential blow for the president's Ohio reelection campaign, Jeep, the rugged brand President Obama once said symbolized American freedom, is considering giving up on the United States and shifting production to China.
Such a move would crash the economy in towns like Toledo, Ohio, where Jeeps are made and supplied, and rob the community of the economic security they thought Obama's auto bailout assured them.
In a Bloomberg interview, Jeep's president said the automaker plans to restore Jeep production in China, suspended in 2009, and is considering making all Jeeps in China. "Fiat SpA, majority owner of Chrysler Group LLC, plans to return Jeep output to China and may eventually make all of its models in that country, according to the head of both automakers' operations in the region," reported the business wire service.