GM is spending money to expand in China

Fox news is yelling about US taxpayer money being used to create jobs in China.  Which is a good reason never to give tax money to private companies.  Not that I like the idea of my tax money going to China, but I don't want to tell an American company not to expand overseas.  There are a lot of customers overseas and we do better when they buy American than when they buy Toyota.  Even if "American" is assembled overseas.  The Japanese  assemble most of the cars they sell here in Kentucky and Tennessee.  They make money doing so.  GM ought to be encouraged to make money assembling cars in China to sell in China, or anywhere else for that matter.
  The real answer to my tax money going to make Cadillac Escalades  in China is not to give my tax money to private companies.  Let the private companies raise money from private investors, or go thru REAL bankruptcy.  Not Obama haircuts of investors and handouts to unions.