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Tuesday, January 24, 2017

Trump's way vs. Obama's way on car making

President Trump just finished meeting with the heads of Fiat-Chrysler, Ford, and GM in the Oval Office. Things went well, as all three have pledged to spend billions on new factories.

What a difference from eight years ago after President Obama was elected. Democrats made automobile drive to Washington to beg for a $50 billion bailout.

Remember?

I do.

From the New York Times on December 2, 2008:
Contrite Over Misstep, Auto Chiefs Take to Road
As the fate of the United States auto industry hangs in the balance, a profound question has taken center stage: what about the planes?
The chief executives of Detroit’s Big Three auto companies are hoping to avoid another drubbing like the one they received during a Congressional hearing on Nov. 19 for having flown on their private jets to Washington to plead for a bailout.
At the time, Gary L. Ackerman, Democrat of New York, asked, “Couldn’t you all have downgraded to first class or jet-pooled, or something, to get here? It would have at least sent a message that you do get it.”
So the chairman of General Motors, Rick Wagoner, will be driving to Washington this week, to present its bailout and survival plan to lawmakers, in one of the company’s hybrids, a Chevrolet Malibu.
His counterparts at Ford and Chrysler are expected to do the Kerouac thing as well.
“You have to be sensitive to the symbolism,” said Tom Wilkinson, a G.M. spokesman. “This is a hot-button issue.” The company says it is also getting rid of its seven jets and cutting back substantially on travel to help it get through the crisis.
Chrysler and GM were welfare queens, so Democrats making them bark like trained seals was their problem.

But Democrats were buying votes with $50 billion in taxpayer money.

Have Democrats ever made a Hollywood celebrity drive instead of zooming in on a carbon dioxide-spewing jet?

President Trump, on the other hand, treated the auto executives with respect.

Guess what? Instead of shipping jobs overseas, the Big Three are building factories here.

That's the difference between capitalism and socialism. Capitalism treats people like human beings and individuals.

Socialism treats people like Soylent Green.

From Reuters a few minutes ago:
U.S. President Donald Trump pushed the chief executives of General Motors Co, Ford Motor Co and Fiat Chrysler Automobiles NV on Tuesday to increase production in the United States and boost American employment.
Trump opened a meeting with GM CEO Mary Barra, Ford CEO Mark Fields and Fiat Chrysler CEO Sergio Marchionne at the White House, saying he wants to see new auto plants built in the United States.
"We have a very big push on to have auto plants and other plants," he told reporters.
The new Republican president, who took office last Friday, vowed to cut regulations and taxes to make it more attractive for businesses to operate in the United States.
"I want new plants to be built here for cars sold here!" Trump said in a tweet ahead of the meeting with automakers, saying he would discuss U.S. jobs with the chief executives.
U.S. automakers have been reluctant to open new U.S. auto plants in recent years, but they have expanded some operations at existing plants.
Trump has criticized automakers for building cars in Mexico and elsewhere and has threatened to impose 35 percent tariffs on imported vehicles.
The meeting is the latest sign of Trump's uncommon degree of intervention for a U.S. president into corporate affairs as he has repeatedly pressured automakers and other manufacturers to "buy American and hire American."
GOOD.

@@@

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7 comments:

  1. Cut regulations, cut punitive taxes.

    Watch the economy take off.

    ReplyDelete
  2. Ditch the CAFE standards. They are outdated and irrelevant now that we are unleashing our own oil drilling capabilities. Build big honkin' cars with Detroit steel in them. Have you seen the new Cadillacs? Pathetic. They may be "state of the art," but beauty is in the eye of the beholder. Elric

    In case anyone forgot:
    "The Corporate Average Fuel Economy (CAFE) standards are regulations in the United States, first enacted by the United States Congress in 1975, after the 1973-74 Arab Oil Embargo, to improve the average fuel economy of cars and light trucks (trucks, vans and sport utility vehicles) produced for sale in the United States ..." - Wikipedia

    ReplyDelete
  3. Amidst the multitude of regulatory issues are those belonging to Obama's EPA overlords--The same ones that VW et al. cheated on for years (and disappeared from the press faster than a Ritalin underdose). That kabuki will be down the road but popcorn worthy nonetheless. Also notable yesterday was the presence of unions that essentially reflect the auto industry and that broad category of "durable goods" makers. Sure, the carpenters were there (housing), but hard to pigeon hold the sheet metal workers union sitting right up front. After the fact, Hoffa Jr. piped in, so to speak, and said it was all good.

    The entire show this week spells 4-5% GDP if I'm not mistaken, and choke city for the democrat plantation owners who have basically owned a sub growth GDP for 8 years. We'll see, but investment cash and "sideline money" is already flowing back into the US.

    The media with their newly minted pussy hats will be hard pressed to put up an argument about any GDP numbers greater then 3%. They actually should be sweating uncontrollably about this week alone.

    ReplyDelete
  4. It's Morning In America again!

    ReplyDelete
    Replies
    1. The Trump Anthem:

      I can see clearly now, the rain is gone,
      I can see all obstacles in my way
      Gone are the dark clouds that had me blind
      It's gonna be a bright (bright), bright (bright)
      Sun-Shiny day.

      I think I can make it now, the pain is gone
      All of the bad feelings have disappeared
      Here is the rainbow I've been prayin' for
      It's gonna be a bright (bright), bright (bright)
      Sun-Shiny day.

      Look all around, there's nothin' but blue skies....

      Delete
  5. We WILL get great GDP growth under President Trump, but, the media will give credit to the foundation laid by obama.

    ReplyDelete
    Replies
    1. The weak, flaccid, whiny media that still survive will "give credit to the foundation laid by Øb☭ma," but the thriving, robust media that have learned what success really means will give credit where it's due, to DJT.
      -Fred

      Delete