GM to close 5 North American factories and slash over 14,700 jobs (financial, income)

[ChiGeekGuest]

Surprise surprise

GM received record tax breaks as a result of the GOP’s tax bill last year, & has eliminated jobs instead of using that tax windfall to invest in American workers.

Where's that same o lame o loyalty to the 'Invisible Hand'? Where are all the 'Free Market Fundamentalists'?

[BeerGeek40]

I am guessing that GM and the Trump administration will be having some sit downs in the near future and trying to figure out a strategy.

[GotHereQuickAsICould]

Originally Posted by ChiGeekGuest

Surprise surprise

GM received record tax breaks as a result of the GOP’s tax bill last year, & has eliminated jobs instead of using that tax windfall to invest in American workers.

Where's that same o lame o loyalty to the 'Invisible Hand'? Where are all the 'Free Market Fundamentalists'?

One wonders.

[ChiGeekGuest]

Originally Posted by GotHereQuickAsICould

One wonders.

Make that two.

Perhaps some have found a better & more suitable use for those 'Invisible Hands'?

Mental Masturbation

Intellectual activity that serves no practical purpose.

"We debated and created a perfect system of government, but it was all just mental masturbation, really."

https://www.urbandictionary.com/defi...20Masturbation

[Frank DeForrest]

So GM should keep the workers employed building products no one wants and then come looking for a bailout?

[ChiGeekGuest]

Originally Posted by BeerGeek40

I am guessing that GM and the Trump administration will be having some sit downs in the near future and trying to figure out a strategy.

Guessing there will be more of these 'Art of the Deal' type maneuvers:

GM Defies Trump's Trade Outlook by Building New Chevy Blazer in Mexico

General Motors introduced its new Blazer model -- and said it will be produced in Mexico.

//www.city-data.com/forum/polit...l#post53737740

[Goodnight]

Originally Posted by ChiGeekGuest

Surprise surprise

GM received record tax breaks as a result of the GOP’s tax bill last year, & has eliminated jobs instead of using that tax windfall to invest in American workers.

Where's that same o lame o loyalty to the 'Invisible Hand'? Where are all the 'Free Market Fundamentalists'?

Well at least the buybacks raised the stock price, well worth it

[ChiGeekGuest]

Originally Posted by Frank DeForrest

So GM should keep the workers employed building products no one wants and then come looking for a bailout?

Who needs bailouts when they get 'no strings attached' tax breaks?

[GotHereQuickAsICould]

Trump claimed he would magically bring back American automotive jobs.

Instead his disastrous trade war has made things worse. Now Trump is insisting GM “better put something else in” to replace the lost U.S. jobs." What are the chances?

Sound familiar?

Trump demanded Harley Davidson keep their jobs in the United States. HD took them overseas anyway. Of course, Trump did nothing about it but tweet.

Carrier took the tax breaks then moved those jobs to Mexico.

...

[Frank DeForrest]

Originally Posted by ChiGeekGuest

Who needs bailouts when they get 'no strings attached' tax cuts?

Tax cuts are fine and should be offered to all not just GM