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Roadside Attraction

(238 posts)
Mon Nov 26, 2018, 12:00 PM Nov 2018

Here goes the Trump economy down the drain . . .

And it's taking a lot of hard-working, innocent people with it. In Trump country.

https://www.freep.com/story/money/cars/general-motors/2018/11/26/ontario-plant-closure/2112539002/

General Motors will close three assembly plants by the end of 2019, it said Thursday, including Detroit-Hamtramck, Lordstown in Ohio and Oshawa in Ontario.

Approximately 5,600 jobs are at stake: roughly 1,500 in Hamtramck; 1,600 in Lordstown; and about 2,500 in Oshawa.

The Hamtramck plant makes the Chevrolet Volt and Impala, the Cadillac CT6 and the Buick LaCrosse.

"GM is continuing to take proactive steps to improve overall business performance, including the reorganization of its global product development staffs, the realignment of its manufacturing capacity and a reduction of salaried workforce," the company said in a news release Monday.

“We recognize the need to stay in front of changing market conditions and customer preferences to position our company for long-term success,” said GM Chairman and CEO Mary Barra.

The announcement is part of aggressive cost-cutting from the Detroit carmaker, which had a deadline last week for North American salaried workers who had at least 12 years with the company to accept a voluntary buyout offer. The Free Press reported that the company hoped to trim 7,000 white-collar jobs and has said it could move ahead with involuntary cuts if the number of workers stepping forward falls short.
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Here goes the Trump economy down the drain . . . (Original Post) Roadside Attraction Nov 2018 OP
republicans always trash America's economy Achilleaze Nov 2018 #1
+1 Power 2 the People Nov 2018 #5
Johnson Controls as well, we have a large plant here in Oklahoma. redstatebluegirl Nov 2018 #2
Dang, if Donnie Rotten closes the Southern Boarder... safeinOhio Nov 2018 #3
Remember that Trump's brilliant tariffs against China have brought the farm states rurallib Nov 2018 #4
You touched on several key points. Blue_true Nov 2018 #17
Waiting to hear him cilla4progress Nov 2018 #6
Here comes a Twitter storm D_Master81 Nov 2018 #7
Senators like Shelby, Mitch Putin McConnell,Tenn Senator (Blackwell ?) INdemo Nov 2018 #8
Lordstown is huge dsc Nov 2018 #9
They can join their Harley-Davidson brethren in the unemployment line unfortunately workinclasszero Nov 2018 #10
Trump took credit for the recovering economy that happened while Obama was in office. Who will Arkansas Granny Nov 2018 #11
Obama Proud Liberal Dem Nov 2018 #13
He'll Blame ScratchCat Nov 2018 #14
He'll blame brown children and toddlers attacking our border. lunatica Nov 2018 #15
... Scurrilous Nov 2018 #12
But...but but ooky Nov 2018 #16

safeinOhio

(32,531 posts)
3. Dang, if Donnie Rotten closes the Southern Boarder...
Mon Nov 26, 2018, 12:13 PM
Nov 2018

we'll run out of cars. I'm going to invest in the new Amish Uber business down the street.

rurallib

(62,346 posts)
4. Remember that Trump's brilliant tariffs against China have brought the farm states
Mon Nov 26, 2018, 12:20 PM
Nov 2018

the major problem of huge amounts of soybeans that have been harvested with nothing to be done with them.
Farmers must now find storage bins to put their harvest in. Such companies have raised their prices since space is at a premium.
Next spring it may be hard for farmers to get loans to buy seed, and repair or purchase equipment and of course to buy daily life sustaining products in their small towns where small businesses depend on their dollars.

All these bits of economic insecurity will be adding up to a mess which no one in that admin nitration will have any idea how to address. It is hard to react when all you have is Fox News platitudes.

Blue_true

(31,261 posts)
17. You touched on several key points.
Mon Nov 26, 2018, 03:44 PM
Nov 2018

People losing jobs, farmers unable to farm, has a ripple effect through the Near economies, and less impact farther away. What will happen in my guess is that highly populated, diverse economy places like big cities and their suburbs will get richer compared to the industrial Midwest and farming regions of the country, further worsening the political divide between those places.

INdemo

(6,994 posts)
8. Senators like Shelby, Mitch Putin McConnell,Tenn Senator (Blackwell ?)
Mon Nov 26, 2018, 12:36 PM
Nov 2018

will be or are jumping for joy because of the foreign manufacturing (non union) in their State..
Oh and I forgot about VP Pence, even though we have GM and Ford plants in Indiana and major suppliers as well,as he did as Governor he boasted about Honda and Subaru being here.

 

workinclasszero

(28,270 posts)
10. They can join their Harley-Davidson brethren in the unemployment line unfortunately
Mon Nov 26, 2018, 12:50 PM
Nov 2018

So much winning. Are they tired of winning yet?

Arkansas Granny

(31,483 posts)
11. Trump took credit for the recovering economy that happened while Obama was in office. Who will
Mon Nov 26, 2018, 01:53 PM
Nov 2018

he blame for this?

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