TacoMac
Well-Known Member
Fixed that for you.
LOL
- Thread starter UncleBuck
- Start date
Fixed that for you.
Fogdog
Well-Known Member
You think GM is about making cars that people want and are reliable. How adorable.
This is what GM is all about:
https://itep.org/gm-announcement-confirms-tax-cuts-dont-prevent-may-encourage-layoffs/
GM Announcement Confirms Tax Cuts Don’t Prevent, May Encourage Layoffs
They are money managers with the goal of making money for their investors. They took the tax cut and turned it into higher stock prices with share buy-backs.
GM’s most recent quarterly financial report reveals the company has saved more than $150 million so far this year due to last year’s corporate tax cuts. So the layoffs announcement may seem especially jarring to anyone who believed President Trump’s claim that his tax cuts would spur job creation—including the Ohio residents Trump told directly “don’t sell your homes” because lost auto-making jobs “are all coming back.” But for mainstream economists, GM’s latest announcement is confirmation of what they already knew: Successful corporations will always base their investment and job-creation decisions on market fundamentals and consumer demand, not on incremental tax giveaways.
There no fundamental reason why GM doesn't make cars that more people will buy. But that's not their objective. Their objective, like Trump's is to maximize the return to large investors. You are a dupe for supporting Trump.
Trump won't do what is clearly indicated if he wants to expand job growth -- take that tax give-away to wealthy people away and put the money into rebuilding the infrastructure of this nation. Also invest in developing green technology or other investments that actually will spur growth in jobs. Clearly, GM is saying it is not interested in growing it's sales in cars.
tangerinegreen555
Well-Known Member
It will sit idle.
Any new company will head to the non union/right to work areas and insist on 10 yrs. of tax breaks. Then they'll build a gov't subsidized plant they intend to run for 10 years, if the economy supports it that long.
Those corporate tax breaks are working great!
Unclebaldrick
Well-Known Member
Pretty nice rack for a Republican.
Unclebaldrick
Well-Known Member
Holy shit. Do you have any more ludes?
