GM

Payne: Ryan, Obama, and the Promise of Janesville

“(But) I believe that if our government is there to support you, and give you the assistance you need to re-tool and make this transition, that this (General Motors) plant will be here for another hundred years,” said Barack Obama in February, 2008, promising UAW workers at GM’s giant, troubled plant in Janesville, Wisc., that he … Continue Reading →

Payne: Obama's Opel future

Barack Obama touts General Motors as his success story. But this week’s news of a 41 percent drop in profits tells another tale. The General rightly pointed out that its European Opel division dragged the company’s numbers down while its U.S. and Chinese units continued to post strong numbers. But this should hardly come as comfort for … Continue Reading →