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


owedtojoy

Well-known member
Joined
Feb 27, 2010
Messages
45,071
If you invested $1,000 in General Motors in 2012, here's how much you'd have now

All the same, an investment in GM in 2012 — two years after the company officially came out of bankruptcy and began recovering from the major financial crisis that hit the auto industry — would have made you a profit. A $1,000 investment then would be worth more than $2,200 as of Nov. 30, according to CNBC calculations, including price appreciation and dividend gains reinvested.
That pretty much contrasts the winners and losers in the US economy - corporations are winning big, and workers .... are not.
 

Degeneration X

Well-known member
Joined
Jun 14, 2017
Messages
6,671
[video=youtube;aPt1bC5uygA]https://www.youtube.com/watch?v=aPt1bC5uygA[/video]

Feel gutted for those workers. :frown:
 

owedtojoy

Well-known member
Joined
Feb 27, 2010
Messages
45,071

edg

Well-known member
Joined
Jul 14, 2009
Messages
13,414
That is the point.

GM have always been their own bosses, even when cadging favours like tax breaks through lobbyists and politicians, they have never delivered on their promises. When they want to shut down a factory, they just do it.

Trump was either a liar and grifter, or he was a reckless blowhard, when he promised the workers of Warren (and the Rust Belt) that they would not see another factory closure if they voted for him. He promised that new jobs would be created.

He made a big play about the Carrier jobs for the media in 2016, now two years later the Carrier plants are being down-sized and the media are not looking.

Those are the facts. He may not be responsible for the job losses, but he is responsible for giving false hopes and expectations to the workers now being made redundant. They have the perfect right to say he betrayed them for his own ends - and many of them are indeed saying just that.
I’m glad he tried. You seem glad he failed. I’m sorry, but I completely disagree with your false hope theory. The US government tried and failed to keep them. You seem happy with this for some reason.
 

valamhic

Banned
Joined
Jan 31, 2011
Messages
19,844
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.
The video.

If Trump has done all the things they wanted him to do for them, (tax cuts, regulation etc) they should be happy now. The fact they are closing a plant proves they are not happy. If they are playing Trump and gaining from that play, why would they walk away after it? It cannot be both ways.
 

valamhic

Banned
Joined
Jan 31, 2011
Messages
19,844
It must be remembered that tax laws cannot be made to apply to individual entities. They apply across the board. if there is no market for these vehicles, then GM can't go on making them. The fact is that Japanese and European car makers make a far better product than the Americans. There is an opening for foreign investment in the American vehicle market.

The problem is that such investment is risky because Trump might loose the next election or be impeached. If Hillary gets back in, it will be back to globalism and the end of American manufacturing. The Dems won the house last time.
 

ruman

Well-known member
Joined
Feb 24, 2015
Messages
2,788
I’m glad he tried. You seem glad he failed. I’m sorry, but I completely disagree with your false hope theory. The US government tried and failed to keep them. You seem happy with this for some reason.
Correct. They'll blame Trump for this and then say the 4% unemployment rate is down to Obama!!!!
No point arguing with these Jim Corrs , Fintan Mullally has them brainwashed.
They have no vote in 2020 so who cares really.
 

owedtojoy

Well-known member
Joined
Feb 27, 2010
Messages
45,071
I’m glad he tried. You seem glad he failed. I’m sorry, but I completely disagree with your false hope theory. The US government tried and failed to keep them. You seem happy with this for some reason.
I am happy Trump has been exposed (once more) as the con man and grifter he has always been throughout his life ... like he was to the small businessmen he promised big contracts to and then cheated, or the small investors in his casinos he bilked out of their savings.

For his victims? I am not "happy" for them. To realise you have been conned is a sinking feeling of disillusion and despair. Just read the accounts above from the workers in General Motors and Carrier.

Trying to make me feel bad that more people now see Trump for what he truly is? You need to try harder.
 

owedtojoy

Well-known member
Joined
Feb 27, 2010
Messages
45,071
No, he thinks Trump is a cnt and voters are gullible fools. Hard to argue with that.
Indeed.

I think some voters took a punt on Trump hoping he would change something. Not many, but enough in key states.

Signs are they have realised before this it was a wasted vote. The GM closures just confirm it.
 

ruman

Well-known member
Joined
Feb 24, 2015
Messages
2,788
Indeed.

I think some voters took a punt on Trump hoping he would change something. Not many, but enough in key states.

Signs are they have realised before this it was a wasted vote. The GM closures just confirm it.
Only confirmation that matters will be the 2020 election. Your OPINIONS have no relevance, important you realize that.
 

owedtojoy

Well-known member
Joined
Feb 27, 2010
Messages
45,071
Only confirmation that matters will be the 2020 election. Your OPINIONS have no relevance, important you realize that.
Yes, I look forward to that election, for which your OPINION has no relevance either.
 

valamhic

Banned
Joined
Jan 31, 2011
Messages
19,844
Yes, I look forward to that election, for which your OPINION has no relevance either.
You did not accept the result of the last election, you are hardly going to accept the result of the next one, are you?
 

riven

Well-known member
Joined
Oct 4, 2007
Messages
2,171
If Trump has done all the things they wanted him to do for them, (tax cuts, regulation etc) they should be happy now. The fact they are closing a plant proves they are not happy. If they are playing Trump and gaining from that play, why would they walk away after it? It cannot be both ways.
Because, as pointed out in the steel thread*, GM costs would go up on the back of tariffs. This is why GM was against steel tariffs in the first place, and has now closed these plants. As highlighted to you, the users of steel far outnumber the producers, and as the former costs would go up, jobs would go down. You did not have the intelligence to accept that then, and I dare say you are repeating your foolishness.

*where you showed your utter lack of ignorance re steel grades and products despite claiming "expertise"
 
Last edited:

ruman

Well-known member
Joined
Feb 24, 2015
Messages
2,788
Yes, I look forward to that election, for which your OPINION has no relevance either.
Difference between us is i realise my views are irrelevant !

I respect the democratic wishes of the US people and their choice as president. I'd suggest you do likewise but to be honest it doesnt matter either way what you think about the president of the US.
 

Jack O Neill

Well-known member
Joined
Jul 8, 2015
Messages
7,005
Difference between us is i realise my views are irrelevant !

I respect the democratic wishes of the US people and their choice as president. I'd suggest you do likewise but to be honest it doesnt matter either way what you think about the president of the US.
This poor little fellow thinks the US is a real "democracy" agh bless
 

SeanieFitz

Well-known member
Joined
Sep 13, 2010
Messages
12,251
You did not accept the result of the last election, you are hardly going to accept the result of the next one, are you?
The most idiotic comment of all! "you did not accept the result of the last election", often said about the results of referenda and court cases also. Anyone who questioned the verdict of the Jobstown mob was also accused of "not accepting the verdict"
Of course we have to accept that Trump won, he is POTUS after all, however that does not prevent people from questioning how he got there and if he is fit to hold such an office. Just because Mr Spanky Pee Pee won the election does not mean that people cannot highlight his many, many shortcomings and lies!
 
Top