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Fool me once, shame on you; fool me twice, shame on me

TheRUMP be ranting about America being taken to the cleaners by GM and now HE is bragging about making a deal with a steel mill.

Trump praises Steel Dynamics for new billion-dollar steel mill

While no exact location has been decided for the new facility, Steel Dynamics said it expects it will be located in the Southwest to be able to serve markets both in the U.S. and Mexico. It will base its geographical decision on local infrastructure and incentives.

Incentives like the incentives/subsidies given to GM?

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Here in New Mexico cities and the State

have been rolling out subsidies for decades. Independent investigations haven't shown any corresponding increase in prosperity. Not to mention the withdrawal symptoms when the plug is pulled.

Facebook is installing a huge new site ten miles north of here. Will impact local utilities heavily. Fewer jobs slated now than in the promises made at negotiations. Tax incentives will hurt the utilities' ability to cope.

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How will Facebook impact utilities?

Or even tax incentives?

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Their building will use much electricity

for servers and air conditioning.
Cities compete against each other for these facilities by offering large discounts on property and other taxes. They count on revenue streams once the place is up and running. Often these don't materialize as expected.
Read up on Amazon's recent hunt for a second HQ building; now two buildings.

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They can't offer

discounts on the taxes that are automatically charged by utilities....have you really looked at your phone, electric, and gas bills lately? The fees and taxes are nearly the same in total as the usage itself. Believe me, the utilities will do just fine.

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Local and State tax incentives

to bring new business into an area is common practice....just ask the State of New York which advertised heavily during the presidential election about it.

GM has been bailed out by the taxpayers three times (once during Reagan and twice under Obama, using TARP money first that was supposed to go to the banks and again using his 'stimulus' scam)….the deal he made with GM was disgusting, hurtful to thousands of workers, forced a buyout by Fiat, took stock as collateral for the 'loan' then sold it off at a huge loss, and GM still owes the taxpayers $35 BILLION in that deal that has never even been attempted to be paid back. Now, after getting a huge tax cut, they announce just before Christmas with no notice to their employees, they are shutting down operations over two vehicles that they can't sell.

BUT, did they shut down their CHINA operations and bring THAT back to the USA instead? Hell no....

WHEN they go bankrupt again, let it happen without ANY help from the taxpayer, including the subsidies that BO has been giving them that Trump allowed to continue because of promises GM made to him that turned out to be BS. GM has a huge history of mismanagement so they WILL fail again.

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RE:Trump allowed to continue because of promises GM made to
Trump allowed to continue because of promises GM made to him that turned out to be BS.



Trump and BS in the same sentence?

the only subsidies associated with GM’s cars are the tax credits that consumers get for buying electric—GM doesn’t get that cash, and in any case it’s not an initiative that’s specific to any one car manufacturer.
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Chrysler was bought by FIAT.

Along with Freightliner.

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Isn't that what I just said? Your point is

other than repeating me...……?

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Here:

"the deal he made with GM was disgusting, hurtful to thousands of workers, forced a buyout by Fiat"

https://in.mobile.reuters.com/article/amp/idINKCN1NY1JL
You say GM, I say Chrysler. Let's call the whole thing off.

BTW I'm old school, I still use FIAT. It's the initials of the original company name, adopted as the brand over a century ago.

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I'm stil trying to find the point

you were trying to make...….

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(NT) Good. Keep at it.

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