Drudge Retort: The Other Side of the News
Tuesday, November 27, 2018

General Motors on Monday announced that it is eliminating 15 percent of its salaried workforce and halting production at five of its North American auto plants in an effort to save $6 billion by 2020.

Advertisement

More

Comments

Admin's note: Participants in this discussion must follow the site's moderation policy. Profanity will be filtered. Abusive conduct is not allowed.

Obama saved the auto industry and Trump has wrecked GM and Harley Davidson.

#1 | Posted by PinchALoaf at 2018-11-27 07:32 AM | Reply

'I didn't expect this at all.' Ohio GM workers among those reeling from plant closure announcement
www.post-gazette.com

... workers awoke to the sour news Monday that the General Motors Lordstown Complex would be halting production indefinitely by March 1.

The cuts mark GM's first major downsizing since shedding thousands of jobs during the Great Recession.

"I didn't expect this at all," said David Green, president of UAW Local 1112, which represents the 1,500 workers at the Lordstown plant, in between calls and meetings with politicians, media and local organizations.

"We've got the workforce. We've proven ourselves. We've made a lot of concessions over the last decade," including outsourcing work and consolidating union locals, he said.

"To just stop building the Chevy Cruze, it was a big surprise," he said. "We've made sacrifices for decades, and we believe it's their turn to step up to the plate and invest in their people."


QFT

#2 | Posted by PinchALoaf at 2018-11-27 07:53 AM | Reply

But we were told the massive tax scam would make America great again.

#3 | Posted by 726 at 2018-11-27 08:27 AM | Reply | Funny: 1 | Newsworthy 3

14,000 jobs will no longer be paying income and FICA taxes into the treasury, further exacerbating the red ink hemorrhaging thanks to the tax scam.

Dotard is applying his special business skills to the US that bankrupted six of his companies.

#4 | Posted by 726 at 2018-11-27 08:29 AM | Reply | Funny: 1 | Newsworthy 2

Trump campaigned as a populist who was against the war in Iraq, but quickly fell in line with the war on labor and endless military spending that is steadily lowering the standard of living in the US as much through rent and health care inflation as wages deflation.

#5 | Posted by bayviking at 2018-11-27 09:06 AM | Reply | Newsworthy 1

UAW plants shuttering to the surprise of nobody but UAW members.

#6 | Posted by sitzkrieg at 2018-11-27 09:06 AM | Reply | Funny: 1 | Newsworthy 1

I've got no problem with the plant closures. GM recognizes that their products are not all finding wide acceptance in the market, and are acting to correct the situation. They are NOT exiting the automobile business, they are moving in the direction of market demand and advanced technology. Remember when Lee Iacocca was brought in to get Chrysler out of a deep ditch? He acted because Chrysler (and the other US auto manufacturers) did not act in a manner in which GM now is. There is a greater risk to GM's viability from NOT doing what they are doing than there is from their announced course of action.

What few are saying is that too many believed Trump's cheap lies about growth in US manufacturing and manufacturing jobs. One reason so many are so upset about GM is that their action goes against the lies told on the campaign trail and since Trump's inauguration. Trump is now caught in his lies and is reverting to the actions of a liar--loud bluster, cheap threats and the hopes that his bullying tactics will get GM to back down. GM will not back down, and there go the votes of all those UAW workers, their families and residents of the towns affected...

#7 | Posted by catdog at 2018-11-27 09:23 AM | Reply | Newsworthy 1

#7 People that believed that Trump could bully companies into paying labor rates 25 times what they pay overseas were desperate fools that believed one man could overturn the decisions of every CEO since the 1970's.

CEO's will not be able to collect 300 times the annual salary of the average worker if they start paying average workers a decent wage.

It is a race to the bottom and the 1% are winning.

They pushed the tax scam on the lie that it would boost wages $4000 - $9000. It hasn't.

The 1% got their big fat payoff, now the deficit is topping $1,000,000,000,000 annually. Who's going to pay for it?

#8 | Posted by 726 at 2018-11-27 09:34 AM | Reply | Newsworthy 2

My wages went up, and small biz taxes went down. It's a great time to not be a unionized auto worker.

#9 | Posted by sitzkrieg at 2018-11-27 09:38 AM | Reply

"My wages went up"

In part, because the withholding rates were lowered MORE than the tax rates, to make the tax cut look bigger than it is. I've received at least a half-dozen missives from the IRS telling me to warn my clients. W-2 workers will see about a $500 WORSE bottom line than last year. A couple who is used to a $300 refund will owe about $700.

"and small biz taxes went down."

Nowhere near the 40% corporate tax reduction. Meanwhile, you and your family borrowed $11,000 per taxpayer. Good deal, or not?

"It's a great time to not be a unionized auto worker."

Until you need a pension, of course. Or a voice in your work. Or grievance redress.

#10 | Posted by Danforth at 2018-11-27 09:45 AM | Reply | Newsworthy 6

Advertisement

Advertisement

My wages went up, and small biz taxes went down. It's a great time to not be a unionized auto worker.

#9 | POSTED BY SITZKRIEG AT 2018-11-27 09:38 AM | FLAG:

I got mine, so ---- everyone else. The Republican mantra.

#11 | Posted by JOE at 2018-11-27 09:49 AM | Reply | Newsworthy 3

1.5 hour speech. Probably well worthwhile, but I'm not sure when I can do that one.

Since 1979 84% of income growth went to the top 1% in the USA. That is the game of Monopoly playing out in real life. The job of politics is to decide how every nation's wealth creation should be divided. Our Government and its policies are clearly controlled by the .01%. Our Courts have been stacked to ensure those policies continue. The rich got more today but it will cost the country economically in the future because manufacturing adds more value (wealth) than farming and mining.

#12 | Posted by bayviking at 2018-11-27 09:50 AM | Reply

My wages went up, and small biz taxes went down. It's a great time to not be a unionized auto worker.
...............................................#9 | POSTED BY SITZKRIEG

A...SITZ...bath is a warm, shallow bath that cleanses the perineum, which is the space between the rectum and the -------

.............Krieg.....is the playable Psycho class character in Borderlands 2

so your "small business" is bathing ---------?

#13 | Posted by 1947steamer at 2018-11-27 09:51 AM | Reply | Funny: 5

so SITZKRIEG = PSYCHOBUTTBATH....dude, it does have a ring to it.

#14 | Posted by ABlock at 2018-11-27 09:56 AM | Reply | Funny: 2

blame Trump, blame the CEOs, typical Liberals. how about the Chevy Cruze sales continue to decline? they can't continue manufacturing a failing product, no company can

2017 the Top 5% of wage earners paid 60% of all taxes. top 1% paid 39.5%. bottom 50% paid 2.8%

726 thinks that Paying the "worker" more will solve the problem... ... ..WTF

#15 | Posted by Maverick at 2018-11-27 09:57 AM | Reply | Newsworthy 1

Not worried about a refund, nor a pension, nor needing a voice, or redressing grievances.

I just checked my debt. It's zero. I didn't borrow anything. An incompetent government did. They'll print their way out and nothing for me changes.

I'm curious to see the results from my friend's tax firm. They have hundreds of those pop-ups. It's not the kind of client base trying to write off quarter million dollar musical instruments. Empirical data by late March-early April.

#16 | Posted by sitzkrieg at 2018-11-27 09:58 AM | Reply

#13 | POSTED BY 1947STEAMER AT 2018-11-27 09:51 AM | FLAG:

Since you're not well read and play video games instead, I will help you.

Sitzkrieg: "a war, or a phase of a war, in which there is little or no active warfare."

aka Phony War.

#17 | Posted by sitzkrieg at 2018-11-27 10:00 AM | Reply

#17 | POSTED BY SITZKRIEG

ok killer..we got it, you're an armed incel talking ---- on the computer. bathing --------- we can believe..warboy, not so much

#18 | Posted by 1947steamer at 2018-11-27 10:08 AM | Reply | Funny: 1

"Since you're not well read..."

"well-read" is a hyphenated word.
www.merriam-webster.com
www.thefreedictionary.com

#19 | Posted by Danforth at 2018-11-27 10:10 AM | Reply | Funny: 1

But, all those citizens demanding to buy a Chevy Volt [touted by obama] should keep the GM facilities humming.....

#20 | Posted by MSgt at 2018-11-27 10:20 AM | Reply | Newsworthy 2

warboy

#18 | POSTED BY 1947STEAMER AT 2018-11-27 10:08 AM | REPLY

Well it starts with Phony, so...

#21 | Posted by sitzkrieg at 2018-11-27 10:21 AM | Reply

But, all those citizens demanding to buy a Chevy Volt [touted by obama] should keep the GM facilities humming.....

#20 | POSTED BY MSGT AT 2018-11-27 10:20 AM | FLAG:

It's Tesla now. Built on 120 hour a week non-union labor. Volts were never cool. Tesla is a lifestyle brand.

#22 | Posted by sitzkrieg at 2018-11-27 10:21 AM | Reply | Funny: 1

Besides the Camaro and Vette not much I like out of Chevy. My work vehicle is a Chevy truck and it basically sucks compared to some of the japanese small trucks in the market. The F-150 is far superior too.
I guess they either need to sell more or cut costs. Selling more doesn't seem to be feasible right now.

#23 | Posted by byrdman at 2018-11-27 10:30 AM | Reply

Obama saved the auto industry and Trump has wrecked GM and Harley Davidson.

#1 | POSTED BY PINCHALOAF

How are GM's woes Trump's fault?

Obama let GM skate on $10 Billion of taxpayer dollars post-bailout and yet here they are.

#24 | Posted by JeffJ at 2018-11-27 11:26 AM | Reply

"How are GM's woes Trump's fault? "

Steel tariffs. Haven't you been paying attention?
money.cnn.com

#25 | Posted by Danforth at 2018-11-27 11:28 AM | Reply | Newsworthy 6

"How are GM's woes Trump's fault?" - #24 | Posted by JeffJ at 2018-11-27 11:26 AM

Probably for the exact same reason that higher gasoline prices are the sitting president's fault.

And bad economic news is the fault of the sitting president.

Perhaps not fair, but it is what it is.

#26 | Posted by Hans at 2018-11-27 11:29 AM | Reply | Newsworthy 2

"Obama let GM skate on $10 Billion of taxpayer dollars post-bailout "

Incomplete math.

How much additional revenue did the Treasury get because all the support businesses didn't have to fold?

It saved 1.2 million jobs.
It saved $284 Billion in income, just in '09 and '10.
www.usatoday.com

At a mere 15% effective rate, that's ~$42.6 Billion.

#27 | Posted by Danforth at 2018-11-27 11:35 AM | Reply | Funny: 1 | Newsworthy 2

I'm a Chevy fan

#28 | Posted by GOnoles92 at 2018-11-27 11:49 AM | Reply

#26 Good point, Hans.

#29 | Posted by JeffJ at 2018-11-27 11:50 AM | Reply

#25 | POSTED BY DANFORTH

And consumer sentiment is shot. He's scaring people out of participating in the economy.

#30 | Posted by IndianaJones at 2018-11-27 11:53 AM | Reply

#27 The bailout was necessary. I don't disagree with that.

My issues were with how it was structured - secured creditors got screwed due to bankruptcy laws being flouted.

Then they were allowed to skate on $10 Billion of the bailout (Reagan made Chrysler pay back their bailout money).

On top of that, a whole slew of recalls were flooded (known about internally for years) just after the government sold it's stock - the ignition problem on the Cobalt resulted in dozens of deaths.

#31 | Posted by JeffJ at 2018-11-27 11:54 AM | Reply

Send enough jobs overseas and there won't be enough people to buy the products.

This is a failure for capitalism.

#32 | Posted by Tor at 2018-11-27 11:57 AM | Reply

#31 secured creditors got screwed due to bankruptcy laws being flouted

Nope the secured creditors were secured by assets worth zero.
They were all betting that a bailout would pay them full value for worthless bonds.
Why would taxpayers agree to bailout investors who should have known the risks they were taking?

#33 | Posted by bored at 2018-11-27 12:05 PM | Reply

"Then they were allowed to skate on $10 Billion of the bailout"

Was that the same bailout that added $42 Billion to the Treasury over the next two years alone?

"Reagan made Chrysler pay back their bailout money"

The deal was made in 1979, before Reagan was President.

#34 | Posted by Danforth at 2018-11-27 12:09 PM | Reply

-How are GM's woes Trump's fault?

Is GM claiming these layoffs are due to something Trump has done or not done? IOW, is GM blaming Trump for any of this?

#35 | Posted by eberly at 2018-11-27 12:16 PM | Reply

Check my link above: the tariffs will cost GM and Ford $1 Billion.

#36 | Posted by Danforth at 2018-11-27 12:18 PM | Reply

Is GM claiming these layoffs are due to something Trump has done or not done? IOW, is GM blaming Trump for any of this?

#35 | POSTED BY EBERLY AT 2018-11-27 12:16 PM | FLAG:

The manufacturer and dealer associations are doing it for them.

#37 | Posted by sitzkrieg at 2018-11-27 12:21 PM | Reply

36

I saw it.

If GM can blame Trump's tariffs for this then they would. Your article is a 7 month old prediction. Maybe that prediction is dead on. I don't know...but GM can speak for itself.

#38 | Posted by eberly at 2018-11-27 12:25 PM | Reply

The deal was made in 1979, before Reagan was President.

#34 | POSTED BY DANFORTH

Iacocca asked for the debt to be forgiven. Reagan said no.

Was that the same bailout that added $42 Billion to the Treasury over the next two years alone?

Are you denying they were allowed to skate on $10 Billion (it would have been a lot more if all of their recalls had been disclosed in a timely manner) in taxpayer money?

#39 | Posted by JeffJ at 2018-11-27 12:28 PM | Reply

Check my link above: the tariffs will cost GM and Ford $1 Billion.

#36 | POSTED BY DANFORTH

Read it again... It said COULD....

#40 | Posted by AndreaMackris at 2018-11-27 12:41 PM | Reply

It said COULD....
#40 | POSTED BY ANDREAMACKRIS

Is there any legitimate reason to believe that it won't?

#41 | Posted by rstybeach11 at 2018-11-27 12:43 PM | Reply

"Iacocca asked for the debt to be forgiven. Reagan said no."

So if I make a deal with X, and Y makes me live up to it, Y gets all the credit?

#42 | Posted by Danforth at 2018-11-27 12:44 PM | Reply

"Read it again... It said COULD...."

Good point. I stand corrected.

#43 | Posted by Danforth at 2018-11-27 12:44 PM | Reply

So if I make a deal with X, and Y makes me live up to it, Y gets all the credit?

#42 | POSTED BY DANFORTH

Give Carter 100% credit for it. I don't care. The point was when Chrysler was bailed out they were required to pay it all back. GM was allowed to skate on $10 Billion.

#44 | Posted by JeffJ at 2018-11-27 01:03 PM | Reply

#27 | POSTED BY DANFORTH AT 2018-11-27 11:35 AM | FLAG: The bailout failed to stop GM having to go into bankruptcy where it was reorganized. Apparently the bailout was unnecessary/a failure.

FULL DISCLOSURE: The GM bankruptcy was the only time in decades of investing that I took a total loss. Still have the worthless stock certificates [yes, I had bought GM that many decades ago prior to my Merrill CMA so held the actual 'paper'] and would never again touch that company in investment.

#45 | Posted by MSgt at 2018-11-27 01:11 PM | Reply

As I said in the other thread, this is just the first step in a long overdue restructuring for GM, and provides them with some leverage in their latest round of UAW negotiations. These are their lowest selling models with the highest inventory on hand (per Auto Week) so stopping production on these lines has multiple benefits.

#46 | Posted by Rightocenter at 2018-11-27 01:19 PM | Reply

"GM Layoffs Are Another Victory for Capital over Labor"

Thanks, Capitalism!

#47 | Posted by snoofy at 2018-11-27 01:34 PM | Reply

"GM Layoffs Are Another Victory for Capital over Labor"

Thanks, Capitalism!

#47 | POSTED BY SNOOFY AT 2018-11-27 01:34 PM | FLAG: I guess in your world you would continue to produce product that is not moving just to employ people, thereby further driving a company down.

#48 | Posted by MSgt at 2018-11-27 02:24 PM | Reply

I guess in your world victories for little green pieces of paper are better than victories for little factory working human beings.

#49 | Posted by snoofy at 2018-11-27 02:26 PM | Reply

Thanks, Capitalism!

#47 | POSTED BY SNOOFY AT 2018-11-27 01:34 PM | FLAG:

Ever try a socialist car? You'd love the Lada.

#50 | Posted by sitzkrieg at 2018-11-27 02:35 PM | Reply

Dotard is applying his special business skills to the US that bankrupted six of his companies.

#4 | Posted by 726

Yup. And the same idiot bobble heads who thought he was a "great businessman" when they voted for him are still nodding in affirmation of his "great businessman" skills. He's just playing the long game...riiiiiiiight.

#51 | Posted by jpw at 2018-11-27 02:38 PM | Reply

I probably would but I doubt it would get past California emissions.

Remember when we were kids and the streets of Beijing were full of people on bicycles?

Now, the Carbon Dragon has awakened.

Thanks for warming the globe, Capitalism!

#52 | Posted by snoofy at 2018-11-27 02:38 PM | Reply

726 thinks that Paying the "worker" more will solve the problem... ... ..WTF

#15 | Posted by Maverick

How do you expect a consumer-based economy to survive if you don't give people the means to consume?

#53 | Posted by jpw at 2018-11-27 02:41 PM | Reply

"How do you expect a consumer-based economy to survive if you don't give people the means to consume?"

Republican Math™

All that's really needed are tax cuts for the wealthiest.

#54 | Posted by Danforth at 2018-11-27 03:05 PM | Reply

-How do you expect a consumer-based economy to survive if you don't give people the means to consume?

By prices lowering and settling to the point where they can be consumed by those people.

You can't charge a high price for something people can't afford.

Healthcare and a few other services excluded, of course.

#55 | Posted by eberly at 2018-11-27 03:09 PM | Reply

"How do you expect a consumer-based economy to survive if you don't give people the means to consume?"

They don't expect the economy to survive.

That's why they are Preppers.

They expect themselves and their guns to survive.

And lets not overlook the ones who think The Rapture is coming, and support Israel only so Jesus can return and bring Armageddon.

The remaining few Republicans are rich enough they can survive off their accumulated wealth, so they don't need much in the way of an economy.

#56 | Posted by snoofy at 2018-11-27 03:14 PM | Reply

"The remaining few Republicans are rich enough they can survive off their accumulated wealth, so they don't need much in the way of an economy."

If there's no economy what are they going to spend their money on? And what will money even mean at that point?

#57 | Posted by Hagbard_Celine at 2018-11-27 03:18 PM | Reply

By prices lowering and settling to the point where they can be consumed by those people.
You can't charge a high price for something people can't afford.
Healthcare and a few other services excluded, of course.

#55 | POSTED BY EBERLY AT 2018-11-27 03:09 PM

lower prices means less revenue means lower wages and less jobs means people still can't afford the lower prices.

The downward spiral of republican economics

#58 | Posted by hatter5183 at 2018-11-27 03:24 PM | Reply | Newsworthy 1

-lower prices means less revenue

Okay. What are we not charging enough for?

TVs, wrenches, bacon?

If the revenue from TVs, wrenches, and bacon are too low then we need to raise those prices. How much should we raise them?

#59 | Posted by eberly at 2018-11-27 03:50 PM | Reply

Ever try a socialist car?

#50 | POSTED BY SITZKRIEG

Koeniggseg makes great cars.

#60 | Posted by IndianaJones at 2018-11-27 04:58 PM | Reply

Guys, guys, you got this all wrong:

This is part Trump's master plan. GM moves jobs to Mexico and all those caravaners find jobs in Mexican GM plants and we are all saved from their ravages!

#61 | Posted by SunTzuMeow at 2018-11-27 06:38 PM | Reply

"At a mere 15% effective rate, that's ~$42.6 Billion."

And that's just for the Feds.

At a 3% effective rate for the state, that's another ~$14.2 Billion for Michigan.

IOW, Michigan benefitted more in two years by saving those jobs than the purported $10 Billion cost.

#62 | Posted by Danforth at 2018-11-27 07:00 PM | Reply

"If the revenue from TVs, wrenches, and bacon are too low then we need to raise those prices."

The revenues aren't too low.
The portion of the revenue that is spent on wages is what is too low.
Unless, of course, you are in the top 20% of households.

#63 | Posted by snoofy at 2018-11-27 07:03 PM | Reply

"IOW, Michigan benefitted more in two years by saving those jobs than the purported $10 Billion cost."

JeffJ values his principles of limited government more than ten billion dollars, and more than thousands of private sector employees having jobs.

Just imagine the sense of privilege required to tell thousands of workers they have to lose their jobs, while you keep your job as houseboy, because your principles demand it.

#64 | Posted by snoofy at 2018-11-27 07:07 PM | Reply | Funny: 1

At a 3% effective rate for the state, that's another ~$14.2 Billion for Michigan.

WRONG. I calculated that at a 5% rate. 3% would be $8.5 Billion. The effective rate might actually be higher with Michigan's 4.25% flat marginal rate, but 3% is a safe estimate.

Which would change my next sentence to:
IOW, Michigan benefitted more in three years by saving those jobs than the purported $10 Billion cost.

My apologies for the errors.

#65 | Posted by Danforth at 2018-11-27 07:36 PM | Reply

Probably for the exact same reason that higher gasoline prices are the sitting president's fault.

And bad economic news is the fault of the sitting president.

Perhaps not fair, but it is what it is.
HANS

so, your logic is that because the Chevy Cruze isn't selling is Trumps fault?

the Cruze is mainly a Sedan, if you haven't been paying attention the Sedan is all but dead

#66 | Posted by Maverick at 2018-11-27 08:12 PM | Reply

#60 they do. Amazing cars. Private company though, selling to the 0.01% in a country with a market economy.

Not like the sweet 70s ladas and zils. Soviets did make a great motorcycle though, cant hate on that one. A legit legend. Socialism and 2 wheel travel are like pb&j.

#67 | Posted by sitzkrieg at 2018-11-27 08:23 PM | Reply

Vietnam dumped communism, and went from 50cc mopeds, to capitalisms 1000cc beasts.

#68 | Posted by sitzkrieg at 2018-11-27 08:26 PM | Reply

"so, your logic is that because the Chevy Cruze isn't selling is Trumps fault?" - #66 | Posted by Maverick at 2018-11-27 08:12 PM

Nope.

That's not my logic.

Thanks for proving, once again, that you're completely illiterate.

#69 | Posted by Hans at 2018-11-27 08:35 PM | Reply

By prices lowering and settling to the point where they can be consumed by those people.

You can't charge a high price for something people can't afford.

Healthcare and a few other services excluded, of course.

#55 | Posted by eberly

That would mean eating into the corporation's bottom line. Never going to happen to a meaningful extent.

Corporate mindsets are short term max profits. That the system they're creating is unsustainable is a problem they'll deal with then.

#70 | Posted by jpw at 2018-11-27 11:09 PM | Reply

if you haven't been paying attention the Sedan is all but dead

#66 | Posted by Maverick

In lieu of what?

#71 | Posted by jpw at 2018-11-27 11:14 PM | Reply

During this four-year period in which GM blew, wasted, and annihilated nearly $14 billion on share buybacks, the price of its shares, including today's 5.5% surge – getting rid of workers is always good news for shares – fell 10%
wolfstreet.com

#72 | Posted by AndreaMackris at 2018-11-28 07:09 AM | Reply

ANDREAMAKRIS

I have a feeling it has more to do with steel tariffs.

#73 | Posted by Twinpac at 2018-11-28 07:25 AM | Reply

Apparently no one believes the axiom from back in the day when the first economics professor's chalk hit the board to make a graph, that CAPITAL CHASES CHEAP LABOR. In the next scribble, the chalky thing said CAPITAL CHASES CHEAP RAW MATERIALS. If your plant is someplace with tariffs, you're screwed, blued, and tatoo-ed.

#74 | Posted by john47 at 2018-11-28 08:21 AM | Reply

I suspect several of these plants that closed in Ohio and Michigan will be relocated in the south and Texas. Putting cars together is not skilled labor. Most individuals who work on the line can master their station in a day. Simple enough for us dumb Rednecks. After being ham stringed by increasingly more militant unions and endless regulations, the right to work states are looking more attractive. Like it or not, labor is a commodity, just like material or parts. As far as the tariffs, steel production is a strategic material. You can't build armor, ships or air craft without it. The protection of these domestic assets is in the interest of the country.

#75 | Posted by docnjo at 2018-11-28 09:45 AM | Reply

Obama saved the auto industry and Trump has wrecked GM

#1 | Posted by PinchALoaf

By giving them a subsidy for electric cars and free loans?

#76 | Posted by Sniper at 2018-11-28 12:42 PM | Reply

"... and Trump has wrecked GM" - #1 | Posted by PinchALoaf

"By giving them a subsidy for electric cars and free loans?" - #76 | Posted by Sniper at 2018-11-28 12:42 PM

Trump gave GM a subsidy for electric cars and free loans?

You learn something new here every day.

#77 | Posted by Hans at 2018-11-28 12:45 PM | Reply

#8 | Posted by 726

GM fel for the o'bummer lie that all cars would be electric........... No one wants one....

#78 | Posted by Sniper at 2018-11-28 12:46 PM | Reply

"the o'bummer lie that all cars would be electric."

Your claim of a lie is a lie.

But go ahead and post a link to the quote, and prove me wrong.

#79 | Posted by Danforth at 2018-11-28 12:49 PM | Reply | Newsworthy 1

" No one wants one...." - #78 | Posted by Sniper at 2018-11-28 12:46 PM

August 2018 Plug-In Electric Vehicle Sales Soar In U.S.
Oops.

#80 | Posted by Hans at 2018-11-28 12:50 PM | Reply

"How are GM's woes Trump's fault? "

Steel tariffs. Haven't you been paying attention?
money.cnn.com

#25 | Posted by Danforth

And it is ONLY affecting gm. WTF over?

#81 | Posted by Sniper at 2018-11-28 12:52 PM | Reply

"GM fel for the o'bummer lie that all cars would be electric........... No one wants one...."

Get real.

The only people who don't want a Tesla are people who don't want a car, period.

Affording one, and the insurance, is a different story.

Now, I understand you're so poor and disabled you can only really get where your mobility scooter takes you, but anybody who tells you they wouldn't trade their Accord or Camry for a Tesla is just stupid. Or works in oil or auto repair and can tell which side their bread is buttered on.

#82 | Posted by snoofy at 2018-11-28 12:54 PM | Reply

"And it is ONLY affecting gm."

No, it's affecting Ford as well. It's right there in the article's headline.

As the bailouts proved, Ford is managed better than GM, but expect a scaled-down version of job losses from Ford before long.

#83 | Posted by Danforth at 2018-11-28 12:55 PM | Reply | Newsworthy 1

"And it is ONLY affecting gm." - #81 | Posted by Sniper at 2018-11-28 12:52 PM

Trump's steel, auto tariffs damage GM, Fiat Chrysler, Ford
Oops.

Can't you get anything right?

#84 | Posted by Hans at 2018-11-28 12:56 PM | Reply

Send enough jobs overseas and there won't be enough people to buy the products.

This is a failure for capitalism.

#32 | Posted by Tor

Wrong lib breath. it is the failure of government regulations. Just exactly do you think caused high manufacturing costs?

#85 | Posted by Sniper at 2018-11-28 12:57 PM | Reply

"it is the failure of government regulations. "

Oh, FFS.

I've tried. I really have. I believe in giving everyone a chance, then another, then another.

But your idiocy is completely beyond the pale. I guess every list has to have its tail-gunner Joe.

Congratulations, Sniper...you're just about to become my one and only plonk. The only thing I won't miss is EVERY DUMB ASS THING YOU POST.

#86 | Posted by Danforth at 2018-11-28 01:03 PM | Reply | Newsworthy 1

I have a feeling it has more to do with steel tariffs.

#73 | POSTED BY TWINPAC

You can feel all you want.

That 14billion dollar hole in thier pockets is real.

The tarriff s according to Danforthss article claimed it could possibly cost 1 billion.

#87 | Posted by AndreaMackris at 2018-11-28 01:06 PM | Reply

Thanks, Capitalism!

#47 | POSTED BY SNOOFY AT 2018-11-27 01:34 PM | FLAG:

Ever try a socialist car? You'd love the Lada.

#50 | Posted by sitzkrieg

Ever Driven a Telsa?

You would LOVE it.

You WOULD love it!

YOU would LOVE it!

YOU would love IT!

Elon Musk
‏Verified account @elonmusk

By the way, I am actually a socialist. Just not the kind that shifts resources from most productive to least productive, pretending to do good, while actually causing harm. True socialism seeks greatest good for all.
8:47 AM - 16 Jun 2018

#88 | Posted by donnerboy at 2018-11-28 01:09 PM | Reply

"That 14billion dollar hole in thier pockets is real."

It was spent on stock buybacks, so it clearly wasn't a debt albatross hanging around their necks. It was an option they took, because they could well afford it.

You flunked Econ, didn't you?

#89 | Posted by Danforth at 2018-11-28 01:09 PM | Reply

"Congratulations, Sniper...you're just about to become my one and only plonk." - #86 | Posted by Danforth at 2018-11-28 01:03 PM

Goodbye previous record of 45 plonks.

Hello new record of 46 plonks.

#90 | Posted by Hans at 2018-11-28 01:10 PM | Reply

"Just exactly do you think caused high manufacturing costs?"

Health care cost is probably the single biggest expense.
Pension cost is another, or at least it once was.
After that, I'd wager labor and materials are maybe 15-20% each.

#91 | Posted by snoofy at 2018-11-28 01:11 PM | Reply

"By giving them a subsidy for electric cars and free loans?" - #76 | Posted by Sniper at 2018-11-28 12:42 PM

Trump gave GM a subsidy for electric cars and free loans?

You learn something new here every day.

#77 | Posted by Hans

I am beginning to feel bad for those 45 Snippy Plonkers!

They are missing out on so much edumacational (and comedic) material!

#92 | Posted by donnerboy at 2018-11-28 01:11 PM | Reply | Funny: 1

"I am beginning to feel bad for those 45 Snippy Plonkers!"

I'm #46, as of five minutes ago.

#93 | Posted by Danforth at 2018-11-28 01:19 PM | Reply

At least I hope I'm #46.

I'd hate to be #45. Too much bad juju.

#94 | Posted by Danforth at 2018-11-28 01:20 PM | Reply

Capitalistic Socialism is where money is transferred from the poor to the rich.

#95 | Posted by ClownShack at 2018-11-28 01:25 PM | Reply

Oh, let's just triple the Chevy Volt production lines so that GM can employ many more people, let's double their salaries so that they can buy more product -- the should make many lefties happy here. Let's go one farther and let the govt subsidize 25k of the price to sell more electric cars, a winning proposition I am sure with happiness abounding everywhere! What the heck, as this will be small change once we have that cheap Medicare for all.

#96 | Posted by MSgt at 2018-11-28 01:46 PM | Reply

#96

What a bunch of whining muck.

How about this: are tariffs taxes, or not?

#97 | Posted by Danforth at 2018-11-28 01:49 PM | Reply

"What the heck, as this will be small change once we have that cheap Medicare for all.

Congratulations, you got one thing right!

Health care expense is 18% of GDP.

You do realize that's five times the DoD budget, right, grunt?

What percentage of GDP do you think health care consumes in Germany, Canada, or the UK?

Oh, right. You don't think. I withdraw the question since you're unable to answer it.

#98 | Posted by snoofy at 2018-11-28 02:05 PM | Reply

Germany/Population
82.79 million (2017)

United Kingdom/Population 66.02 million (2017)

United States of America/Population 325.7 million (2017)

#99 | Posted by MSgt at 2018-11-28 02:12 PM | Reply

Well I guess that proves it then.

America is just too damn big.

So big we can't solve our healthcare problems like the Europeans do.

So forget about it. Build a wall. Station all our Armies on the "wall".

And let all the sick and disadvantaged People inside the wall die off.

Shut down all "fake news" outlets and activate Trump TV.

Problems solved!

#100 | Posted by donnerboy at 2018-11-28 02:24 PM | Reply

"United States of America/Population 325.7 million (2017)"

Population of China 1.386 billion

95% of Chinese people have access to basic healthcare services.

#101 | Posted by danni at 2018-11-28 02:51 PM | Reply

Population of EU 508 million

#102 | Posted by danni at 2018-11-28 02:52 PM | Reply

Another Victory for Capital over Labor

Good riddance, I say!

What do we need "Labor" for anyway? They are just a worthless drag on the company.

They are just getting in the way of company profits.

Get em out of here!

#103 | Posted by donnerboy at 2018-11-28 02:57 PM | Reply

#99

Why is every Republican on the DR such a f^cking economic illiterate???

Larger populations should make economies of scale EASIER. That's why they're called economies of SCALE.

#104 | Posted by Danforth at 2018-11-28 03:15 PM | Reply

"Why is every Republican on the DR such a f^cking economic illiterate???"

I've been wondering this for years.

It's kind of spooky how practically all of them can be so relentlessly ignorant though.

I asked for a percentage of GDP, and MSgt gave me population size.

And then, like you said, he didn't even realize that based on our sheer size, economies of scale should make our health care cost less, not more.

#105 | Posted by snoofy at 2018-11-28 03:40 PM | Reply

It's kind of spooky how practically all of them can be so relentlessly ignorant though.

Shows you the power of propaganda piped into their homes 24/7 on the Agitator Channel though.

#106 | Posted by donnerboy at 2018-11-28 08:00 PM | Reply

if you haven't been paying attention the Sedan is all but dead

#66 | Posted by Maverick

In lieu of what?
JPW

really?

#107 | Posted by Maverick at 2018-11-28 08:12 PM | Reply

really?

#107 | Posted by Maverick

The sedan is dead because the big 3 killed it because SUVs and trucks are more profitable. Who cares if they do more damage to the planet?

They spent billions marketing SUVs and trucks to people who never leave the pavement. The more SUVs were on the road, the more people in sedans COULD NO LONGER SEE what was going on around them, and felt they needed to be high up in an SUV to be safe.

The big 3 whines that everyone wants a SUV and they're just giving the customers what they want, pretending they had no role in making the customers what that.

#108 | Posted by SpeakSoftly at 2018-11-28 08:38 PM | Reply | Newsworthy 1

*want that.

#109 | Posted by SpeakSoftly at 2018-11-28 08:43 PM | Reply

Average 0-60 times are about half what they were 30 years ago.

All that does is give trucks more headaches as little cars, I mean station wagons, I mean SUVs, oops they're called Crossovers now, dart in and out of traffic.

That efficiency could have been spent not wrming the globe quite so much.

But using less steel and less gas? That's less profitable for car companies and oil companies

Thanks, Capitalism!

#110 | Posted by snoofy at 2018-11-28 08:47 PM | Reply

Speak, unbelievable. compact and midsize SUVs are very comparable to small and midsize sedans in MPG. they offer more space and in many cases AWD

you have been trained by the Left to identify an SUV as this BIG HUMMER type vehicle, not the case at ALL

#111 | Posted by Maverick at 2018-11-28 08:49 PM | Reply

...because SUVs and trucks are more profitable.

True enough. The original markup on those things was insane. Once that calmed down a bit the marketing shifted towards the safety aspect... ------ drivers need big trucks to survive the accident they caused. Then they needed rear view cameras and sensors to stop running over their own kids backing out of the driveway.

#112 | Posted by REDIAL at 2018-11-28 08:54 PM | Reply

Speak, unbelievable. compact and midsize SUVs are very comparable to small and midsize sedans in MPG. they offer more space and in many cases AWD

you have been trained by the Left to identify an SUV as this BIG HUMMER type vehicle, not the case at ALL

#111 | Posted by Maverick

The bigger the truck, the bigger the profit. So carmakers did all they could to get people to buy bigger trucks.
They created this trend, they're not the victims of it.

#113 | Posted by SpeakSoftly at 2018-11-28 09:04 PM | Reply

Comments are closed for this entry.

Home | Breaking News | Comments | User Blogs | Stats | Back Page | RSS Feed | RSS Spec | DMCA Compliance | Privacy | Copyright 2019 World Readable

Drudge Retort