Trump tweeted today “Very disappointed with General Motors and their CEO, Mary Barra, for closing plants in Ohio, Michigan and Maryland. Nothing being closed in Mexico & China. The U.S. saved General Motors, and this is the THANKS we get! We are now looking at cutting all @GM subsidies, including....” Nit good for GM
GM is doing what is expected by stockholders..to make a profit. The problem is that the workers here make way to much in wages as do the directors and we all know the directors are not going to give a penny up to save the workers or look out for the USA. GM should have been allowed to fail. No difference between Rome and the USA ...Politicians are all self serving and a enemy to the working class.
Skinwah
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@coltonwayne, thanks for your comments - totally agree with you but at could same the same about the financial crash in 08, they should have allowed it to recover over time without quantitative easing. We would have faced hard times but this time round it will be devastating beyond imagination. Interest rate around the world is still very low so how much rate cuts can do I don’t know. Peace