Trump Administration Threatens To Withhold Subsidies From GM

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President Trump threatened to cut subsidies for General Motors, in retaliation for the carmaker's decision to idle five North American auto plants and lay off some 14,000 workers.

 

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During his campaign he bullied Carrier if they moved production. Pence gave them a huge tax incentive. Trump said they’d stay. Made promises to workers. Trump won with those votes. Carrier moved anyways. Why do ppl believe him?

SherryLMaher realDonaldTrump - the only way you get your way is to bully people - funny your wife has a program that can help you with that! You should look into it! Be Best!!

Maybe Tesla should buy these plants?

with the GOPTaxScam subsidies irrelevant.

Good deal! Hope they reconsider.

I so want to see trump in an orange jump suit!

But he gave them and the rest of his business buddies the big tax breaks. Isn't this what he wnated?

That's cute because Trump caused this

That’s not capitalism, it’s totalitarianism

Maybe the Cruze would look better if it grew a little beard?

Trump is a 🍄

It’s been stated most of the grants / subsidiaries were ending at the end of this year, anyway !!!!!! Just Trump saying shit to make himself look tough !!!

Yea, cuz that's how you do business productively....threats...:(

smallergovernment

This is what you get when Trump's ego tariff wars make American-made products unsellable on the open markets. Makers of those products find nations who will pay less but buy more.

Capitalists Trump and GM are eating there own children when they get little hungry

When is he going to punish the Japanese for dumping, and using their currency manipulation to sell in this country.

Aren’t republicans supposed to be the free market party? Can you even imagine what they’d do if a democratic president said this?

mob TrumpIsACriminal TrumpIsADisgrace TrumpIsAMoron

What? In our capitalistic economy, the American government provides taxpayer funded subsidies?

Global GM is only cutting in the USA?

We shouldn’t have bailed them out to start and there shouldn’t be subsidies.

And why are we subsidizing a publicly traded company in the first place?

Another case of too big to fail?

Of course he did.

Then they will have to cut even more.

Careful, Trump, you may cause the other 85% to lose their jobs also.

oh, that'll teach them, won't it? Then they can lay EVERYONE off and close ALL plants.

Hope the GM C-suite is taking pay cuts

Then they can close all plants in USA.

Bet Michigan is really happy that they helped elect a reality tv buffoon.

In America’s dysfunctional corporatism, this will just end up hurting the people at the bottom. This is Trumpland “winning.” realDonaldTrump

That’s what mobsters do: threaten

Maybe New Jersey should void all his casino bankruptcies...

Why in God's name is a multi billion dollar company getting subsidies anyways?

Do we have a tyrannical dictator, or a president?

Why do profit making corporations get subsidies? That’s the real question.

Trump talks tough, but he's full of shit. Dept of Energy offers 'subsidies' for electric cars in form of tax credit to the BUYER until 200K have been sold by each mfg. Can't single out GM for punishment.

Trump said that jobs were coming back 2 the area as a result of his policies and laws passed. He told workers in that community not to sell their homes becos jobs were “coming back.” Hope pple didn't listen 2 him. Their houses r going 2 b worth a lot less with this new outcome.

Someone with a business degree from Wharton doesn’t understand how the economy works! What’s up with the Wharton? wharton upenn

Enough small businesses have swim or sink, so GM fix your issues or lose the support funds

Hmm. Withhold subsidies. GM needs to cut more workers if that happens. Puffery

LAsamurai27 Go ahead. Cut. realDonaldTrump isn't CEO of GM What he is, is cancer.

Bc its bad for him and his tariff image. Baby. Bully.

Good he needs to.

Subsidies I thought we didn't like giving away welfare? realDonaldTrump

Is this Trump acknowledging that Obama got something 'right?'..Nah... - 'US saved General Motors, and this is the THANKS we get!' Trump threatens to cut subsidies for GM, in retaliation for decision to idle 5 N American auto plants, lay off ~14,000 workers

During campaign stops in MIchigan and Ohio in 2016, he promised no plants would be closed and no jobs lost. After announcing the tariffs, both GM and Ford CEO's contacted him and warned him this would happen. Now he has egg on his face and won't take responsibility for his role.

Isn’t GM now union-owned? Wasn’t this not supposed to happen after 2007?

This is what ignorant over sight of 'business globalization' that completely undermined any and all directions any nation's citizens would move forward with dealing with globalization issues as a whole. Good move, that money can go to those that have ideas and new companies.

Um....wouldn’t that put GM in a position to have to cut even more jobs?

What a perfectly sensible thing to do.

Sure, that will help make payroll.

Only the workers of GM will feel the ramifications of this administration. Wonder how many of them voted for this president?

Neat. Ask him why it’s not OK for GM to manufacture products overseas in China but it’s OK for Trump and Ivanka to manufacture their products in China

Ohio, tired of winning? 😂😂😂

I wonder if Canada regrets giving them $10 billion now?

Yeah that will show them....to layoff more workers to make up the shortfall.

When can we all him Nero?

Nothing like a little government interference with the free market! Don’t ya just love the dem.... GOP?

Finally some sensible action from this administration. 🙄

Damn right! First thing I agree on with him.

I’m getting real sick of all this winning. It’s just too much.

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