Skip to comments.'This is the THANKS we get!' Trump warns General Motors he'll cut ALL its government subsidies in...
Posted on 11/27/2018 6:02:21 PM PST by Morgana
FULL TITLE: 'This is the THANKS we get!' Trump warns General Motors he'll cut ALL its government subsidies in retaliation for closing U.S. auto plants
President Donald Trump threatened to punish General Motors following the company's decision to shutter Midwest manufacturing plants and lay off thousands of U.S. workers.
A day after the news of the layoffs rattled the industry and raised a potential political problem for the president, the president followed up on an earlier threat that the automaker 'better damn well' open a new plant.
He threatened to yank subsidies for electric cars as GM seeks to reconfigure its supply chain, jettison unpopular models, and refocus on vehicles it thinks will sell in the future.
'Very disappointed with General Motors and their CEO, Mary Barra, for closing plants in Ohio, Michigan and Maryland. Nothing being closed in Mexico & China,' Trump tweeted Tuesday while a televised White House press briefing was going on.
'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,' he continued.
Trump's warning comes a day after laid off General Motors workers were seen wiping their tears away after the company axed thousands of people without warning and just before the holidays.
(Excerpt) Read more at dailymail.co.uk ...
Let Gm compete without subsidies. Heck, let everybody compete without subsidies. Subsidies is government intervention into the markets.
Other than that, Trump and the government(s) should butt out.
Well they have 4 more billion now.
We should have never bailed them out. That was stupid. They let the labor unions ruin them then came begging.
BTW, their cars suck anymore IMO.
You mean we STILL have not cut off these retarded gubmint’ subsidies? WTF! There is no reason why taxpayers have to fork over their money to these Gaia-worshipping clowns who drive their stupid golf-carts they call a Prius.
We had a auto from government motors - a chevy equinox what a steaming pile of monkey excrement. Started out alright but after a year or so it was full of all sorts of rattles. Was happy to offload that jalopy.
My gm cars were not that great.
Ever since Ford got a partnership together with mazda, their electronics improved and overall quality went up. They too have had design issues on certain vehicles but overall we’ve been happy with them.
Betcha I see part of the problem.
They need to make it the market on their own or die as a non feasible idea.
FYI, the USPS has been experimenting with electric vehicles continuously since 1910. Always a failure
I wouldn’t touch a Ford either.
Don’t hate me but I LOVE my Subaru.
In short you get value lol.
Dont hate me but I LOVE my Subaru.
I love my Chrysler too but I bought it way before the bail out mania hit.
I tell you they have been very good for us.
94 probe gt, two escapes, two recent explorers, doing very well, quality is very good.
only thing i will say is it seems ford and all other makers seem to be skimping on ceiling padding to dampen rain. i think it may be because of all the sunroof stuff which i never had prior.
They can butt out right after GM pays back the taxpayer bail outs. Remember GM means Government Motors
Love it all you want. Just go easy on that transmission.
Companies who do this to workers.. at Christmas time...
Trump knows there will be those thousands of workers in the mix of all this! jobs gone! The economy is up and they throw their monkey wrench into the mix... I don’t blame Trump for being upset with them.. and he’ll carry through with his threats!
I have a son who worked for Verizon for years, as a tech... they started laying off .. every 6 months they let a few thousand go.. kept that up for the past 3 years and today there are NONE of those workers (managers included) from that time period left. All of them are gone and Verizon is run by a whole new batch .. younger and less pay. But it’s a hard row to hoe when that many lose jobs. Especially at age 50 and above.
I knew a guy who hated his Explorer so much he used to talk about how much he wanted to drive it over a cliff.
FWIW, Kanaduh and Ontario each coughed up billions for GM... Last year they wrote down at least $4.5 billion of that debt. Now Gonorrhea Motors is shuttering the Oshawa plant, costing 2,800 direct jobs and thousands of indirect jobs. The only possible good thing is that it may cost Turd-owe votes in ON next election.
Chances are that Turd-owe and his crony-capitalist Minister of Finance, Bill Morneau, will come up with more billions to keep Oshawa open until AFTER the election! After all, it’s only taxpayers’ dollars, so it’s there to be spent by Lieberals. The fact that it is bribing voters with their own money? Well, who cares! Kanajun voters are generally, pretty dim, so what Lieberal really cares?
The Impalas will now be extinct?
I bought my 2003 Subaru Forester in 2002. Im still driving it. Great car.
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