Trump Threatens To Cut Subsidies for General Motors after Closing U.S. Car Plants – IOTW Report

Trump Threatens To Cut Subsidies for General Motors after Closing U.S. Car Plants

Breitbart Politics- President Donald Trump ripped General Motors CEO Mary Barra for closing car plants in Ohio, Michigan, and Maryland, threatening their government subsidies.

“Nothing being closed in Mexico & China,” Trump wrote on Twitter. “The U.S. saved General Motors, and this is the THANKS we get!”

Trump said he would discuss cutting subsidies for General Motors in response to the news.

“We are now looking at cutting all General Motors subsidies, including for electric cars,” he wrote. The news sent General Motors stock shares into a tailspin, despite earning as much as five percent in trading after the closures were announced on Monday. more

16 Comments on Trump Threatens To Cut Subsidies for General Motors after Closing U.S. Car Plants

  1. Why does anyone think that taxpayers subsidizing any corporation is a reasonable idea?
    “Speaking the truth in times of universal deceit is a revolutionary act.” Geo. Orwell

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  2. I hope like hell this can be proven.

    Deep State Watcher on Twitter: “🚨BREAKING: According to UAW leaders, GM CEO Mary Barra made the final decision to eliminate 14,000 employees after lobbying from former President Obama and other Democrat leaders. Citing the strategic midwest locations of the plants for the 2020 election…..developing https://t.co/iwkmXqIyYG” / Twitter

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  3. joe6pak

    For the UAW to come out and say that there’s gotta be some proof. The UAW and Republicans are rarely in the same camp. Further more if the UAW backs Trump up on this it will be YUGE.

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  4. There is a GM plant in Arlington, TX, that apparently isn’t being affected by this, but it has been in the past. As long as they are subsidized by taxpayers, I won’t buy their products.

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  5. My 2008 GMC pickup has 325,000 and counting. Purchased prior to the bailout, I love it and have mixed feelings about the bailout, thought I would never buy another GMC but thoughts started to change about 250K with no problems.

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  6. I’m thinking another go-round for ‘Cash For Clunkers’ (it worked so well the last time!!!)

    this time it’s Votes & Crappers … oops, I meant ‘Volts & Cruze’s’

    … maybe a telethon …

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  7. Frank
    I drive GM diesel 4 by’s. The Duramax is by far the best diesel engine on the market. If you purchase literally any other 4 by, your still buying a two wheel drive truck. Left front, right rear. GMC puts great difs in their trucks. I’m about do for a new one. I’m considering a Dodge. But for a comparable truck I would need to put locking differentials front and rear. I do like the solid axles on the dodge. They should have split GM up back during the crash.

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  8. GM: Increased imports from Mexico 26% last year. Lays off 15% of US work force this year. Coincidence?

    BTW, the US imported more than 2 million cars and trucks from Mexico in 2017. Almost as many as US cars that were stolen and driven south into Mexico.

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