GM to close 5 North American factories and slash over 14,700 jobs

[tillman7]

Originally Posted by knowledgeiskey

Make America Great Again

https://twitter.com/NBCNews/status/1067085521074163712

Blame DonaldTrump tariffs!

[middle-aged mom]

Originally Posted by jojajn

LOL! Apparently trump's definition of winning is downsizing to avoid bankruptcy.

The Saudies bailed Trump out and bought his corporate yacht and then controlling interest in the Plaza Hotel in the 90’s. Nonetheless, Trump .Org declared bankruptcy 6 X.

No issue with preserving his personal wealth while stiffing employees, contractors and banks.

[Frank DeForrest]

Originally Posted by danielj72

The business cycle is what it is. The idea that interest rate manipulation can stop recessions from happening is absurd. The auto industry has always been highly susceptible to the pendulum like swings of the economy and the states of the Midwest where it is entrenched are often miserable places to live because of it. The auto industry created Detroit, Flint and Toledo, all the troubles of those places are tied to this unstable industry. No interest rate manipulation or polititcians promises will ever change these communities fortunes. The booms never last long enough (this last one has lasted longer than most) to fix these towns. However each recession makes life harder than the last for the beat down residents of a community like Detroit.

Well call me crazy, but I think after ten years of zero/nearly zero interest rates, people made purchases they might not have ever made or would put off and saved for.

[middle-aged mom]

Originally Posted by Eeyore1954

Should they continue to manufacture cars that will not sell enough or make them money?

And that’s the bottom line.

[Frank DeForrest]

Originally Posted by ChiGeekGuest

Why are you so upset about how GM spent their tax break?

I dont get emotional about data,facts and figures.
Now can you back up your claim that tax breaks led to plant closures?