President Trump has reached his limit with these greedy corporations running around as if they are doing the right thing.
Look, Trump told everyone that we may have some short-term pain when we finally get tough with China, but that it would be minor and we would solve the problems as they came.
Which is what he did when China targeted our farmers – the farmers understood, they understood that we cannot remake the entire world trading system overnight, especially one where are the world’s piggy bank.
That system, rotten as it is, needs to be fixed for the American worker and for no other reason. Too many were left behind as our politicians and greedy corporate CEO’s lined their pockets at the expense of our middle class.
We are all in this together and all Trump asked was that we stick together to change the world…now if you were someone that also took a huge bailout from the US taxpayers Trump will hold you to higher standards.
As we all should because taking our money to stay solvent and then pulling this stunt like GM is beyond the pale.
From The Washington Times: President Trump threatened Tuesday to cut off federal subsidies for General Motors in response to the automaker’s decision to shut down production at plants in Ohio and Michigan.
A day after GM announced the closings and layoffs of up to 14,000 workers in North America, the president and top White House economic adviser Larry Kudlow said the administration was considering punishment for the automaker, which received billions of dollars in a taxpayer bailout in 2008 and a hefty corporate tax cut this year.
“There’s a lot of disappointment, even anger,” Mr. Kudlow told reporters in the White House press room. “We are going to be looking at certain subsidies regarding electric cars and others, whether they should apply or not. That reflects the president’s own disappointment.”
Before the press briefing ended, Mr. Trump, who was nearby in the West Wing, took his anger at GM a step further by threatening to cut off all government aid for the company.
“Very disappointed with General Motors and their CEO, Mary Barra, for closing plants in Ohio, Michigan and Maryland,” the president tweeted. “Nothing being closed in Mexico & China.
The U.S. saved General Motors, and this is the THANKS we get! We are now looking at cutting all @GM subsidies, including for electric cars. General Motors made a big China bet years ago when they built plants there (and in Mexico) – don’t think that bet is going to pay off. I am here to protect America’s Workers!”