Read time: 1 minute

We're Doomed: Trump To 'Save' Auto Industry

Trump heads to Ohio to announce that he will "save" the auto industry with tariffs that literally everyone says will do damage, not help.
We're Doomed: Trump To 'Save' Auto Industry
Image from: DonkeyHotey

Tiger Beat aka Politico:

“President Donald Trump heads to Ohio Wednesday embroiled in a fight with General Motors and the United Auto Workers over the closing of GM’s Lordstown plant. But his attempts to save manufacturing jobs have battered the auto industry and could erode his loyal base in the Midwest.

“Trump’s tariffs on steel and aluminum have cost Ford and GM about $1 billion each. GM Chief Executive Officer Mary Barra cited the tariffs in November when she announced the 14,000 job cuts that included the Lordstown plant’s shuttering. Potentially making things even worse, Trump is now weighing new tariffs on foreign automobiles that could threaten hundreds of thousands of additional U.S. jobs.”

Prznint McDeals is going to try his singular negotiating style (singular because it probably has only worked once) to save these jobs in Possum Hollar, in a swing state that he needs in 2020. Dawg only knows that prep work he’s done (none) and what deal sweetener he will bring to the meeting (none; he’s gonna wing it).

The problem is that Stupid has a no grasp of macroeconomics, let alone what his tariffs have done. The closing of the Lordstown plant is because GM has already lost more than $1 billion due to the Comrade Stupid’s trade war. The $1 billion loss is from the increased cost of aluminum and other raw materials that are imported by American automakers.

And he’s about to make it worse: read the last sentence in the quote.

Preznint Art of the Deal is gonna hurt American workers who build foreign cars in the US, and he is going to encourage retaliation against Ford, GM, Tesla, etc. when they try to sell their cars overseas. It’s the perfect shitestorm.

crossposted from Mock Paper Scissors

This is part of our continuing coverage of the 2020 elections.

View more

Can you help us out?

For 16 years we have been exposing Washington lies and untangling media deceit. We work 7 days a week, 16 hours a day for our labor of love, but with rising hosting and associated costs, we need your help! Could you donate $21 for 2021? Please consider a one-time or recurring donation of whatever amount you can spare, or consider subscribing for an ad-free experience. It will be greatly appreciated and help us continue our mission of exposing the real FAKE NEWS!

More C&L Coverage


New Commenting System

Our comments are now powered by Insticator. In order to comment you will need to create an Insticator account. The process is quick and simple. Please note that the ability to comment with a C&L site account is no longer available.

We welcome relevant, respectful comments. Any comments that are sexist or in any other way deemed hateful by our staff will be deleted and constitute grounds for a ban from posting on the site. Please refer to our Terms of Service (revised 3/17/2016) for information on our posting policy.

Please Do Not Use the Login Link at the Top of the Site.

In order to comment you must use an Insticator account. To register an account, enter your comment and click the post button. A dialog will then appear allowing you create your account.

We will be retiring our Crooks and Liars user account system in January, 2021.

Thank you.
C&L Team