GM to close factory where Trump promised "You will not lose one plant" ...


owedtojoy

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The General Motors plant is in Warren, Michigan, and 9 days before the 2016 election, Donald Trump stood there and promised:

"If I am elected, you will not lose one plant, you will have plants coming into this country, you're gonna have jobs again .... "
GM to close 5 factories, including Hamtramck and Warren | Michigan Radio

Other plant closures will happen in Ohio and Maryland.

Trump gave General Motors a massive tax cut, he reduced their costs by cancelling Obama's regulations on car emissions, so this is a kick in the teeth. Trump understandably was enraged and made threats such as cutting electric car subsidies, but that is not possible without Congress. And the incoming Democratic Congress is going to defend electric cars, and the renewable energy industry generally.

Indeed, Trump is right about one thing - the US did save GM from going under, however he did not mention that Obama and the Democrats did that. If anything, this shows that Trump made reckless promises that he cannot keep. Or that he was totally incompetent in his attempt to keep them.

Michael Moore has been a lifelong critic of General Motors, and his opinion is worth listening to. In his view, the corporations played Trump until they got their tax breaks, now they can do what they like.

[video=youtube;Mwyeajb5Vrg]https://www.youtube.com/watch?v=Mwyeajb5Vrg&feature=push-fr&attr_tag=Dakk5ZL3ja0U35NM%3A6[/video]

Michigan narrowly gave its 16 Electoral Votes to Trump in 2016, but in 2018 Democrats held their Senate seat, won the race for Governor, and flipped two House seats into their column. The Democrats also had encouraging results in Wisconsin (10 EVs), where they unseated two-term Governor Scott Walker, and in Pennsylvania (20 EVs). Both those states also narrowly favoured Trump in 2016, in fact the 3 states in all made up his margin of victory (without them he would have lost 273 - 258)

The knock-on effect of these closures will be felt across the Rust Belt in 2020.
 
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petaljam

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I think it's long been obvious that Trump is not even a successful businessman, he's a rich kid who has used the money he inherited to bully and bluff and probably lie his way into various, mostly failed, ventures including TV and now a political career - precisely because, despite his silver spoon, he couldn't really cut it in business and always had to keep moving to escape the consequences of his multiple failures.

If it hadn't been for Daddy Trump's money, he would never have got anywhere. Except the debtors' prison, if that still exists!
 

owedtojoy

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I think it's long been obvious that Trump is not even a successful businessman, he's a rich kid who has used the money he inherited to bully and bluff and probably lie his way into various, mostly failed, ventures including TV and now a political career - precisely because, despite his silver spoon, he couldn't really cut it in business and always had to keep moving to escape the consequences of his multiple failures.

If it hadn't been for Daddy Trump's money, he would never have got anywhere. Except the debtors' prison, if that still exists!
True, when the Tax Cuts were passed, Trump sent a triumphant message to his cronies ... "Look how rich I have made you .... !", which could be interpreted as a plea for acceptance. The Plutocrat Club is the only one Trump ever yearned to join ...

There are other examples of his inept dealmaking ....

Trump gave Bibi Netanyahu his wish list ... all this birthdays at once .... cancelled the Iraq Nuclear Deal, and transferred the US Embassy to Jerusalem. Apparently, now Trump is annoyed that Netanyahu will make no concessions to the Palestinians, and is forcing delays of the so-called Peace Deal Jared is pushing .... but why should Netanyahu make concessions when he already has most of what he wants?

Similarly with North Korea, Trump has embraced murderous dictator Kim Jong Un and declared their partnership a love match .... but Kim has made no commitment about the NK nuclear program, and negotiations with South Korea to end the Korean War are proceeding apparently without any American involvement. Kim has gained enormously within making a single concession, the sanctions regime has collapsed, and Trump and the US have no leverage ....

You cold make a similar case about Trump's dealings with Putin, despite Putin's blatant interference in US elections, Trump's continues to defer to him, and refuses to publicly criticise until publicly shamed into it ....
 

owedtojoy

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Hey guys, remember when Prznint Trade Wars decided to tax imported steel to “save” American steel workers, and everyone warned him it would be a disaster because there are more workers in other steel-using industries downstream who would lose their jobs if steel prices went up?

Guess what? It was a disaster!
Is GM "Tired of Winning" Yet? | Crooks and Liars
 

Orbit v2

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He's tweeting about it today. There's a hint of desperation there.

Moore: "Trump is the trailer trash of the millionaire class". Ouch!
 

owedtojoy

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The story of the Carrier plant in Indianapolis that Trump and Pence "saved" in 2016. Carrier is owned by UTC/ UTEC, who would also have benefited from Trump's and the GOP's tax cut.

The Last Shift: What Really Happened To Those Carrier Jobs Trump Saved

The union says it had 1,200 members at the Carrier plant. Trump claims to have struck a deal that saved 1,100. .... Our best tally is this:
At the Indianapolis Carrier factory, it appears that 594 union workers were laid off and about 700 remain. Which adds up to nearly 1,300.
That discrepancy between that and the original figure of 1,200 union members may lie in the number of transitional employees who were brought in and subsequently laid off.

Cropper stands outside a restaurant in Gas City, Indiana. She has two master’s degrees. “Hell yes, we have skills,” she says. She left UTEC shortly before this interview and has now been unemployed for two and a half months.

It’s all so that they can finance that and put all their money in the Pratt & Whitney [another UTC company]. And it’s because of who’s running the corporation, Greg Hayes—I mean, he was zoned in on the Carrier aspect from the start. It used to always be Carrier that was the money horse. He’s a financial guy. Not manufacturing. You just have to listen to him, just watch him with his buddy Jim Cramer. Two days ago. You can see. He’s selling.
UTEC's plant in Mexico is expanding. Trump and Pence zeroed in on Carrier as a stunt. They have done nothing similar since.
 

NativeWildCat

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He's tweeting about it today. There's a hint of desperation there.

Moore: "Trump is the trailer trash of the millionaire class". Ouch!
What does that make King Moore in his mansions?
 

raetsel

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I'm sick of all this winning.....................................:redface:
 

Jack Walsh

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Trump's economic miracle is a complete load of BS
The tail end of any sustained period of economic growth is almost always the "boomiest" (as our ex Taoiseach put it)
As everyone, most especially those who wish to take all the credit, begin to believe their own sh*te.

The world economy is slowing, and is being helped on its way by Trump's tariff insanity.
There is no way the US can avoid a global slowdown and stay growing at 4%.
But that is what Trump genuinely believes, that the US just piss all over the rest of the world, watch every major economy go into recession, and the US stays going gangbusters.
Mental, and doomed to fail

The Fed has pulled away from interest rate hikes and the market cheered.
FFS
The pulled away coz they know things are cooling, the house market is already cooling.

Trump and his imbecile followers cheered as Toyota announced a multi billion mega plant in Alabama last year
This plant unlike the ones in Ohio and Michigan, will be ultra low cost, low pay, non union, primarily contract work (and of course loaded with tax incentives)
Just think about the insanity of Trump threatening to rip assistance from under GM while continuing to give Toyota billions of tax payers funds in reliefs and grants and tax write offs.
FFS

The Toyota plant (and many other Non American car maker plants down South) are classic modern globalist plants that his supporters rail against
And crucially a plant that would then quite obviously hurt plants up North that try to pay a decent wage and benefits.

The guy wants it every way, but he has no policy or strategy whatsoever, it's a total mess and make no mistake when the economy cools his BS will be exposed.
Desperate people believe BS once an economy is chugging along ("Oh he's dick, but things seem ok").
 

Orbit v2

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What does that make King Moore in his mansions?
I don't like Moore (too much of a hater for my liking), but that interview is worth listening to. He's quite balanced on this because he hates GM as much as he hates Trump. :sneaky:
 

statsman

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The General Motors plant is in Warren, Michigan, and 9 days before the 2016 election, Donald Trump stood there and promised:



GM to close 5 factories, including Hamtramck and Warren | Michigan Radio

Other plant closures will happen in Ohio and Maryland.

Trump gave General Motors a massive tax cut, he reduced their costs by cancelling Obama's regulations on car emissions, so this is a kick in the teeth. Trump understandably was enraged and made threats such as cutting electric car subsidies, but that is not possible without Congress. And the incoming Democratic Congress is going to defend electric cars, and the renewable energy industry generally.

Indeed, Trump is right about one thing - the US did save GM from going under, however he did not mention that Obama and the Democrats did that. If anything, this shows that Trump made reckless promises that he cannot keep. Or that he was totally incompetent in his attempt to keep them.

Michael Moore has been a lifelong critic of General Motors, and his opinion is worth listening to. In his view, the corporations played Trump until they got their tax breaks, now they can do what they like.

[video=youtube;Mwyeajb5Vrg]https://www.youtube.com/watch?v=Mwyeajb5Vrg&feature=push-fr&attr_tag=Dakk5ZL3ja0U35NM%3A6[/video]

Michigan narrowly gave its 16 Electoral Votes to Trump in 2016, but in 2018 Democrats held their Senate seat, won the race for Governor, and flipped two House seats into their column. The Democrats also had encouraging results in Wisconsin (10 EVs), where they unseated two-term Governor Scott Walker, and in Pennsylvania (20 EVs). Both those states also narrowly favoured Trump in 2016, in fact the 3 states in all made up his margin of victory (without them he would have lost 273 - 258)

The knock-on effect of these closures will be felt across the Rust Belt in 2020.
Surely nobody with half a brain finds any of this surprising?
 

Lumpy Talbot

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No
I recall Trump saying on the campaign trail he was going to tackle the obscene income inequality where private equity partners could avoid tax on stupendous profits via the system of the 'carry'.

He made that promise on a swing through the Rust Belt too.

So Trump extended the tax breaks available to the private equity guys and went to celebrate with his pal Steve Schwarzman at his apartment in New York.

Schwarzman is Co-founder, Chairman and CEO of private equity giant the Blackstone Group. He is worth in excess of $13billion and is Chair of Trump's Strategic Policy Group.

In August 2010, Schwarzman compared the Obama administration's plan to raise the tax rate on carried interest to Hitler's invasion of Poland in 1939. Schwarzman is also a member of the International Advisory Board of the Russian Direct Investment Fund, which as the name indicates, is a Russian sovereign wealth fund.
 

owedtojoy

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Surely nobody with half a brain finds any of this surprising?
Certainly not surprising to Michael Moore, who says that if Trump has done any study of GM's record, he would know this is absolutely the same game corporate America plays with every political party, and every Administration - give us tax breaks, give us subsidies, and we will provide jobs. The jobs never live up to the promises.

Don;t forget that GM (and every US corporation, and most foreign ones) employ an army of lobbyists, many of whom are ex-Senators or ex-Congressmen), to influence every piece of legislation that come before Congress. Plus manifold think-tanks like the Cato Institute or the Heritage Institute, funded by plutocrats of various stripe.

This was the "swamp" Trump promised to "drain", but that was just another load of bollocks.

What really upsets Trump is not that GM have done this, but that they have been so blatant and public about it.
 

Orbit v2

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Not that I would give Trump any credit for it, but the US unemployment rate is at 4%. So, there are plenty of jobs. And old dinosaur industries like GM were on a lifeline. The problem here was Trump's promise that he could never keep.
 

Half Nelson

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The p.ie echo chamber strikes again.:rolleyes2:
 

Degeneration X

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[video=youtube;sQsLOkEW5Cg]https://www.youtube.com/watch?v=sQsLOkEW5Cg[/video]

America last?
 
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Amazing scarcity of Trump's idolizers on this thread.

It is hard to defend the indefensible.
More to do with your continued moronic postings and identity politics.
Everytime something comes up its "Trump said this and now its different" so somehow a justification for your views.
 

statsman

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[video]https://www.nbcnews.com/video/blue-collar-betrayal-carrier-workers-feel-forgotten-by-trump-1135544387636[/video]


Shame nobody tried to warn them.
 

owedtojoy

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More to do with your continued moronic postings and identity politics.
Everytime something comes up its "Trump said this and now its different" so somehow a justification for your views.
I notice no Trump admirer is bothering to defend his broken promises.

They were only bullshyte to cadge blue collar votes in the rust belt.

At least we should hear no more bollocks about "Trump, hero of the working classes".
 
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