Obama Sends Manufacturing Jobs to Japan and South Korea

In the ill-fated "Cash for Clunkers" program foreign governments have benefited the most. Japanese and South Korean automakers registered the biggest market share gains in the program that ended this week with bankruptcy related inventory shortages hurting General Motors Co and Chrysler.

Toyota Motor Corp, Honda Motor Co Ltd, Nissan Motor Co Ltd, and Hyundai Motor Co capitalized on the program's goal of pushing consumers away from gas guzzling sport utilities and pickups, to more efficient cars and trucks, preliminary sales figures showed on Wednesday.

The regime has assisted foreign car manufacturers and has turned over more American jobs to them.