Trump "The U.S. saved General Motors, and this is the THANKS we get!"

[Demovictory9]

https://www.huffingtonpost.com/entry/trump-threatens-general-motors-subsidies_us_5bfd96b0e4b0771fb6bef474

President Donald Trump said he was looking into cutting subsidies from General Motors after the company announced Monday it would cut more than 14,000 people from its payroll and shutter seven factories.

“Very disappointed with General Motors and their CEO, Mary Barra, for closing plants in Ohio, Michigan and Maryland,” Trump tweeted Tuesday. “Nothing being closed in Mexico & China. The U.S. saved General Motors, and this is the THANKS we get!”

[Wellstone ruled]

1. Donnie Donnie

cut the bullshit,you and your so called team baked this into your Tax give away scam.

[handmade34]

2. the tax cut...

contributed...

billions in stock buy back...

GM hasn't exactly been tightfisted in recent years. The company has spent $10.6 billion since 2015 buying back its own shares, according to filings with the Securities and Exchange Commission. Stock buybacks do nothing for a company's productive capacity.

the GOP tax law last year made such repatriation easier, Fortune 500 corporations have overwhelmingly opted since its passage to buy back their stock instead of repatriating their cash, according to public data. "This trend flies in the face of the Trump administration's promise that the corporate tax provisions — especially a tax holiday for profits stashed offshore, of which GM appears to have had as much as $6.5 billion — would spur a flood of new domestic investment," ITEP said.

https://www.cbsnews.com/news/gm-bought-back-10-billion-in-stock-since-2015-double-what-job-cuts-will-save/

It “expects to fund the restructuring costs through a new credit facility,” GM said.
The money has to be borrowed because GM blew, wasted, and annihilated $13.9 billion in cash on share buybacks over the past four years

https://wolfstreet.com/2018/11/26/gm-after-14-bn-share-buybacks-prepares-for-carmageddon-shift-to-evs-cuts-workers-closes-8-plants/

[Johnny2X2X]

8. Supply side is bullshit

Trump handed these companies a boat load of cash because he believes they would build factories to build products for people to buy. That's some supply side garbage. Corporations respond to the market demand, they don't just build factories when the market doesn't dictate they need to.

[Docreed2003]

3. He'll never admit that his dumbass aluminum tariffs

Cost GM 1 billion dollars

[workinclasszero]

4. Right now on the Trump cult worship center

called freerepublic the Trump faithful are demanding the death of GM just like they did in President Obama’s day.

I hope the entire auto industry and those states and businesses that rely on them get a real good look at what Trump and his party wants to do to them.

Again.

Will they learn this time I wonder?

[C_U_L8R]

5. Let's be absolutely clear, Donald

President Barack Obama saved General Motors. All you know how do is send nasty tweets and call people names. You've accomplished nothing so far as you pretend to be President. Go have a burger or play golf or something.

[Cha]

7. President Obama Saved GM and you can't EVEN

say IT.

But, you can't save GM.. 'cause you ain't Nothin' but a LOSER

[EffieBlack]

6. Obama saved GM and Donald screwed it up ...