[Rushtalk] President Trump Hits Back At GM

Carl Spitzer {C Juno} cwsiv at juno.com
Thu Dec 6 15:48:40 MST 2018


November 27, 2018

President Trump Hits Back At GM

President Trump has taken a swipe at General Motors for its plan to shut
down many plants and lay off workers. CNBC reports:


        President Donald Trump will consider cutting all subsidies
        to General Motors after the company announced plans to slash
        productions at several American plants, he said Tuesday.
        
        “We are now looking at cutting all @GM subsidies, including….
        for electric cars,” the president wrote in a pair of tweets.
        
        
        
                
                Very disappointed with General Motors and their CEO,
                Mary Barra, for closing plants in Ohio, Michigan and
                Maryland. 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….
                
                — Donald J. Trump (@realDonaldTrump) November 27, 2018
                
        
        
        The automaker’s shares fell following the tweet and were down
        nearly 3 percent on Tuesday afternoon. The company did not
        immediately respond to CNBC’s request to comment.
        
        The tweet escalates the president’s public threats against GM as
        he pushes the company to keep the facilities in Ohio, Michigan
        and Maryland open. Trump has repeatedly pressured American
        companies who consider shutting down facilities or moving
        operations overseas after he pledged to revive U.S.
        manufacturing.
        


Cutting subsidies to corporations exporting American jobs should be a
priority for an “America First” president.
 
https://1600daily.com/2018/11/27/president-trump-hits-back-gm/

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