President Trump would like the American public to believe that the recent layoffs by General Motors were driven principally by foreign import competition, particularly from China. The reality is quite different, says Steve Rattner.
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Steve Rattner: Foreign Imports Not Behind GM Layoffs | Morning Joe | MSNBC

Comments

    • Edmund Singleton
      Edmund Singleton

      What gives this televison bean counter and chart maker, sixty-six-year-old,
      Steve Rattner, now appearing somewhere near you, analytic discoveries weight,
      is it because he freshly dyes his hair for each and every appearance on Morning
      Joe? there are many that think so…that can be measured with some success by
      each and every charted dyed follicle on his head…

      about 2 months ago
    • P89_X Star
      P89_X Star

      Eugene Scott & Steve Rattner are great commetators - their points hit the mark perfectly.

      about 3 months ago
    • Ricardo A Seneris, Sr
      Ricardo A Seneris, Sr

      GM got complaisant, again! They are always asleep. When Toyota was being imported to the US GM was laughing at the harmless Japanese cars as a joke.

      about 3 months ago
    • Papaw John
      Papaw John

      Toyota, Lexus, Subaru and Honda excel because of the quality. GM has not addressed that problem, so they don't deserve to be in business. No one has publicly questioned the union issue. Aren't all the plants closing, union plants?

      about 3 months ago
    • Ayaka Yokota
      Ayaka Yokota

      Donald's said "I protection for American workers" "Don't sall you're house"

      about 4 months ago
    • John Burkard
      John Burkard

      Ford is closing plans to it's all about money they don't care about anyone else

      about 6 months ago
    • geoff dearth
      geoff dearth

      So how come we aren't hearing about Toyota ceasing production of Corollas and Camrys. They keep selling Priuses while GM ceases its production of Volts. What percentage of sales are of EVs and driverless cars anyway?

      about 7 months ago
    • Keith Bjelland
      Keith Bjelland

      Foreign imports are part of the problem.

      about 7 months ago
    • Leigh the Twin Otter Flyer Jones
      Leigh the Twin Otter Flyer Jones

      Does The old orange fart not know that GM and Ford own most of the companies that make the foreign inported car's

      about 7 months ago
    • Dan K
      Dan K

      Let gm sink if they can't save themselves. No matter what they DO NOT deserve anymore TAXPAYER money if they can't manage their business.

      about 7 months ago
    • Ernest Brown
      Ernest Brown

      Ford , GM and others had car manufacturer plants in China, so they don't need to import much of if not anything. Wtf.

      about 7 months ago
    • john hopkins
      john hopkins

      U.S. car dealership cabal has effectively damaged/hindered a unique, cutting-edge, new-market American brand: Tesla. (what happened to the original Chevy Volt?)

      about 7 months ago
    • john hopkins
      john hopkins

      GM, Ford, et al are terrified of the Toyota Hilux global market appeal.

      about 7 months ago
    • transam2002ws6
      transam2002ws6

      What was said is 100% correct. Automation also needs to be taken into account. Blue collar warehouse jobs will be far and few between when that happens. So how does Trump plan on combating that.

      about 7 months ago
    • kancil aspal
      kancil aspal

      UNDER PRESIDENT TRUMP DENUCLEARIZE North Korea
      ( After over 70 years never done )
      Hostages and remains returned ISIS gone
      MS 13 on the run
      Fair Trade
      Save Billions of dollars withdrawal from Paris accord and Iran Deal Secure Border
      Move US Embassy to Jerusalem Trump / Pence 2020

      about 7 months ago
    • Lanier H
      Lanier H

      Half of American workers make less than $15 per hour. Where is the money to buy more things? The poor/working class drives the economy by buying STUFF!!!!!!! Henry Ford understood this; todays crop of billionaires do not.

      about 7 months ago
    • Nitro Express
      Nitro Express

      GM should have been left to fail and then reorganize. they never caught up to the Japanese in quality and the UAW crippled their profit margins.

      about 7 months ago
    • jd2616
      jd2616

      I wonder how many GM hourly workers votes for trump? And tell me, how is that working out for ya? TRUMPS TARIFFS Are messing up everything, blame Obama, hehehehe

      about 7 months ago
    • big Cahuna
      big Cahuna

      In the mid 1970s , GM, Ford, Chrysler, etc. started making terrible cars (Pinto, Corvair, K Car , Grand Am, etc. ) that fell apart in 36 months. I and all workers want to see a high quality, low cost car made in the USA so we don't have to buy a Toyota !

      about 7 months ago
    • Ilona Baier
      Ilona Baier

      ameriKa has missed out on globilisation because it is of such a provincial mentality: monolingual, not widely-travelled, anti-metric system....and on + on.

      about 7 months ago
    • THESocialJusticeWarrior
      THESocialJusticeWarrior

      The video is TOTAL BS! GM is cutting small cars because Trump axed the emissions regulations that MADE GM make those small cars! No regs = no small cars! DUH!

      about 7 months ago
    • Orville Hobson
      Orville Hobson

      Does Eric Trump do clean coal?

      about 7 months ago
    • The Philosopher of Culture
      The Philosopher of Culture

      BMW USA is hiring, GM USA is firing. Trump's tweets are a load of b.s. GM simply does not make cars as good as the Germans or Japanese do. They fought EV's, car imports, clean air laws, anything you can imagine that would have brought them to a higher level. Instead they preferred to keep the American cars down at a low level of quality and high level of air pollution while at the same time raking in billions in extortion money from the Federal Government. What kind of business is that?! Get rid of it and start supporting Tesla for a change instead of spending a hundred million on false negative propaganda against Tesla. GM has become a criminal organisation and should be shut down and replaced by decent car companies if there exists such a thing, or otherwise start doing something to save our climate. That would bring in billions instead of costing billions in tax payer's money. And Trump, as usual, lays the blame on the wrong side. BMW USA is hiring, GM USA is firing. Import tariffs won't change that. https://www.cnbc.com/2017/06/26/bmw-adding-1000-jobs-at-south-carolina-plant.html http://thephilosopherofculture.blogspot.com/

      about 7 months ago
    • Steven Stanley
      Steven Stanley

      Trump can always just change his slogan to promises....promises....especially since it's more accurate and his slogan loving supporters never critically examine his slogans.

      about 7 months ago
    • nashi nash
      nashi nash

      This is what you get when you have a God awful dumb President in Office by Make America Gullible Again voters who richly deserved their fates....

      about 7 months ago
    • Al Loomis
      Al Loomis

      trump is president of usa, not gm. he doesn't make decisions about closing plants. but since clinton and democratic party ignored the rust belt ex-workers, voting for trump was the best message they could send. america is not a nation of laws, of plans or policies. there are no referendums in the federal government, much less citizen initiative. 'not-voting' for clinton was the closest the voters could come to saying the 'princes of politics' could be replaced by ogres such as trump, simply because they had no champion and no hope. american talking heads seem incapable of grasping the consequence of not having democracy. it is simply this: revolution is the only tool the people have, because selecting which politician sits in office does not get any visible result. no matter what they say in campaign, results can not be predicted. call trump the polite message, the next one may be violent.

      about 7 months ago
    • Dan's Van Diemens Land Model Bench
      Dan's Van Diemens Land Model Bench

      Well in Australia GM managed Holden into the ground. It was bad management and a lack of understanding of the brand and the Australian market. If they can screw up what was such a strong market for them as Australia, its pretty obvious GM management is clueless.

      about 7 months ago
    • MediaFaust
      MediaFaust

      Je te l'ai dit. (Pardon my French.)

      about 7 months ago
    • Olds 68
      Olds 68

      Pres Obama Loaned GM, Tax payers money not the Government money not Obamas money and  never paid back the 11 billion owed to American Tax payers, they used the second Tarp program to payoff the loan not by GM Profits , So Pres Obama gave your money away with no accountability ! The Volt Hybrid will be discontinued, when was the last time you saw Advertising for the Volt ? Never  I worked at GM back in the 80s CEO Roger Smith went around the country looking for a site to Build the Saturn Plant remember, Cities kissed his rear-end offering Tax incentives and free land to build his plant. Tennessee was the new location 20 years later shutdown.  You cant blame trump for GMs mishandling of the company, what you can blame  are the leaders of GM . the workers that went from 700,000 employees to under 100,000 in the last 32 years. they made over 2 billion in profits this year go figure that into equation

      about 7 months ago
    • Peter Beedle
      Peter Beedle

      Meanwhile over at Faux News they are telling their viewers what a fantastic job Trump is doing.

      about 7 months ago