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


owedtojoy

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The new Foxconn plant in Wisconsin was trumpeted (appropriate choice of words) as a big win for Trump and the GOP. Foxconn do all of Apple's manufacturing.

Trump, Paul Ryan (former Speaker of the House) and Scott Walker (former Republican Governor of Wisconsin) attended the announcement.

However, it is turning out less well than hoped.

Foxconn have had difficulty getting workers of the right skills, so they have announced that the plant will focus on engineering and design rather than manufacturing. That means less jobs than promised.

It has also put the spotlight on the conditions promised to Foxconn, such as the foregoing of billions in taxes by the State.

Trump's Foxconn debacle is "very damaging” if he can't bring jobs, what exactly is he doing?': CNN polling analyst

The bottom line, said Enten, is that “stuff like this is very damaging to the president” because “he’s the jobs president, and if he can’t bring jobs, what exactly is he doing?”
Washington Monthly | The Price Wisconsin Will Pay For the Foxconn Deal

But what probably sold Foxconn on [Wisconsin] were the massive tax breaks Wisconsin offered to seal the deal – breaks that could end up costing the state $4.8bn if the project hits all of its targets. It’s the latest giveaway in a series of corporate welfare cheques cut for highly profitable tech companies and the largest to a foreign firm ever in the US…
 

owedtojoy

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Trump was loud on ending Obama's "war on coal", though he was told (even by coal barons) that the big problems were mechanisation and cheap gas.

Since being elected, has Trump delivered for coal miners.

Emphatically not, the supposed business genius cannot save a dying industry, though he will probably keep pretending he can. And coal miners might continue to believe him.





Donald Trumps War on Coal

Coal-retirements-chart-360x216-v1-300x180.jpg

Fade to Black: Coal Closures Accelerate
More on coal miners fooled into believing the industry has a long term future.

Washington Monthly | Coal Country Is Dying. All Trump Has Are Lies.

Cheap natural gas and the rising use of renewable power like solar and wind have kept electric prices relatively low for years, making it uneconomic for generators to keep investing in older coal and nuclear plants.

If Trump actually gave a damn about coal miners, he would have done what Hillary Clinton proposed and invested $30 million to help displaced miners by securing their health care and pension benefits, offering tax credits and job training, and pouring economic development money into coal mining regions. Instead, the president continues his lies and does nothing. Whether out of ignorance, complacency, or malice, the end result is that communities continue to suffer.
 

owedtojoy

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The damage Trump has done to the American economy ....

Trump dealt blow as US trade deficit jumps - BBC News

Paul Krugman lays out the damage done to the credibility of American trade relationships. Trump savaged Canada, America's best ally, over dairy imports, then negotiated a trade deal that leaves NAFTA in place with minor tweaks. But Canada is still stuck with tariffs on steel that is costing it.

The trade deal proposed with the UK is a shattering blow to Brexiteer hopes of a sweetheart deal.

Brexit trade deal: US lays out 'wishlist' and it does not look good for the UK | The Independent

Meanwhile, Trump will concede an as-we-were deal with China that will be proclaimed a massive victory, when it basically achieves nothing but cost American farmers a year of their income.

Why is the president who famously declared that “trade wars are good, and easy to win” effectively waving the white flag? Mainly because winning turns out not to be easy, at all.
Worse, by undermining the World Trade Organisation, the US may find itself in a world of trade woes.

America the Cowardly Bully:
What the world has learned from Trump’s trade war.
 

O'Sullivan Bere

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The damage Trump has done to the American economy ....

Trump dealt blow as US trade deficit jumps - BBC News

Paul Krugman lays out the damage done to the credibility of American trade relationships. Trump savaged Canada, America's best ally, over dairy imports, then negotiated a trade deal that leaves NAFTA in place with minor tweaks. But Canada is still stuck with tariffs on steel that is costing it.

The trade deal proposed with the UK is a shattering blow to Brexiteer hopes of a sweetheart deal.

Brexit trade deal: US lays out 'wishlist' and it does not look good for the UK | The Independent

Meanwhile, Trump will concede an as-we-were deal with China that will be proclaimed a massive victory, when it basically achieves nothing but cost American farmers a year of their income.



Worse, by undermining the World Trade Organisation, the US may find itself in a world of trade woes.

America the Cowardly Bully:
What the world has learned from Trump’s trade war.
Brexiteers should have figured that out with any basic research into Trump's history. Despite baiting Brexiteers with his typical superlative-laden carnival barking that encouraged Brexit and its 'benefits' for UK-US trade, it took Trump no time at all once the trap was sprung to pull sh!t like this against Bombardier's plant in Belfast:
Bombardier dispute: US court overturns punitive tariffs - BBC
Of course, Trump is already looking to stock the United States International Trade Commission (“ITC”) and United States Court of International Trade with his lackeys to 'correct' such situations to actually get away with imposing bogus punitive tariffs as a 'shakedown' and intimidation tactic.
 

Wagmore

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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!
Moore using terms like "trailer trash" is the story here. Considering the phony slob has built a career supposedly championing their cause.
 

amsterdemmetje

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Moore using terms like "trailer trash" is the story here. Considering the phony slob has built a career supposedly championing their cause.
Says Trailer Trash Waggy , the irony considering everything that you post here is thrash speak. .
Nothing trashy to say about Trump and his brilliant handling of the deficit.
 

owedtojoy

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Trump is annoyed (to put it mildly) that GM is closing a plant in Lordstown, Ohio.

So much so, that he wants the Union to do something, like .... take over the plant? Isn't that workers taking over the means of production = Marxism = Socialism (gasp!)?


Senator Sherrod Brown is not impressed.



 

Jack Walsh

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Ford Motors just announced a 20% increase in production of SUVs at its Louisville, Kentucky truck plant, and more jobs. States that employ business friendly policies add jobs and economic growth. Those states that rely upon shoddy companies like GM and maintain less business friendly policies have plants close. Ford is boosting production at Louisville plant thanks to strong SUV sales
Business friendly?
No unions, no benefits, no job security and sh*t pay you can barely live on, but billions in tax breaks and grants for Ford so they can buy up their own stock .
And when the tax breaks run out, shut it down and move to a state that will do it all again for you.
MAGA
 

owedtojoy

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Ford Motors just announced a 20% increase in production of SUVs at its Louisville, Kentucky truck plant, and more jobs. States that employ business friendly policies add jobs and economic growth. Those states that rely upon shoddy companies like GM and maintain less business friendly policies have plants close. Ford is boosting production at Louisville plant thanks to strong SUV sales
Good, but Kentucky is not a swing state, while Ohio and Michigan are. As are Pennsylvania and Wisconsin.

And it was to these states that Trump made extravagant promises he cannot keep. And he has not be able to revive the West Virginia coal industry either.

In fact, Trump's tariffs on steel has cost the auto industry jobs in the Rust Belt.



Trump’s angry, backward-looking approach may still appeal to some Rust Belt voters. But in the Ohio and Pennsylvania towns that helped win the presidency for Trump in 2016, his vow to turn back the clock hasn’t worked out very well, and there are signs the Rust Belt may be corroding for him politically.
The Rust Belt needs investment, training and new industries. Trump's promises to turn back the clock were a Big Con.
 
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Watcher2

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Good, but Kentucky is not a swing state, while Ohio and Michigan are. As are Pennsylvania and Wisconsin.

And it was to these states that Trump made extravagant promises he cannot keep. And he has not be able to revive the West Virginia coal industry either.

In fact, Trump's tariffs on steel has cost the auto industry jobs in the Rust Belt.





The Rust Belt needs investment, training and new industries. Trump's promises to turn back the clock were a Big Con.
Trump is a con man.
 

dizillusioned

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Not taking sides here at all.. Trump is a muppet, but then again all US politicians at the moment are muppets.

All I see on the ground where I am is ZERO unemployment and "wanted" ads everywhere. We currently have 2 jobs available and there simply is no one interested despite paying above the local going rates with all the benefits. Those that want to work have jobs, those that do not have a job are basically unemployable.

The economy here at the moment is doing well for all, if they want to work. Try getting trades people and you have a few months to wait (I know I am renovating at the moment).

This might be Trump, this might not be Trump. I know one thing... people are still fighting each other with Democrats and Republicans in families alienating each other... thats the sad part.
 

Watcher2

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The new Foxconn plant in Wisconsin was trumpeted (appropriate choice of words) as a big win for Trump and the GOP. Foxconn do all of Apple's manufacturing.

Trump, Paul Ryan (former Speaker of the House) and Scott Walker (former Republican Governor of Wisconsin) attended the announcement.

However, it is turning out less well than hoped.

Foxconn have had difficulty getting workers of the right skills, so they have announced that the plant will focus on engineering and design rather than manufacturing. That means less jobs than promised.

It has also put the spotlight on the conditions promised to Foxconn, such as the foregoing of billions in taxes by the State.

Trump's Foxconn debacle is "very damaging” if he can't bring jobs, what exactly is he doing?': CNN polling analyst



Washington Monthly | The Price Wisconsin Will Pay For the Foxconn Deal
Yeah right, they couldn't get the skill set? Rubbish. They couldn't get it at a price which you can be sure is close to that in China. How many people do they employ in the manufacture of Apple devices? I doubt the wage differential is only 50c per hour. Its laughable that they cant find the manufacturing skills required in the US.
 
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