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November 28, 2018
Trump vs. General Motors
An insight into what Donald Trump means by Make America Great Again will be seen in the fallout from General Motors' announcement to halt production at three North American assembly plants: Lordstown, Ohio; Hamtramck, Michigan; and Oshawa, Ontario. Shutting down these plants will affect around 14,000 jobs and is due to declining markets for the company's Chevy Cruz, Chevy Impala, Buick LaCrosse, and Cadillac CT6.
These plant closures are due to market forces. If there are not enough buyers for those sedans, why make them? That is what the old-time Republican establishment would say. And to be honest, said establishment would not shed many tears over the loss of United Auto Worker (UAW) jobs if the invisible hand of the market is behind it. But that's not Donald Trump.
Trump is for the American worker – unionized or not. The president is apt to look around and say to Mary...(Read Full Post)