Trump threatens to kill GM's electric-vehicle subsidies. But even presidents can't stop market forces

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President Trump said he’ll consider killing subsidies for General Motors Co. over the automaker’s plan to close factories and cut U.S. jobs, a threat that was met with immediate skepticism on Capitol Hill.

 

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I guess LAT forgot that Obama gave GM 30 Billion for their union pensions hmmmm. Close your Mexico plant and buck shortcakes

FakeNews LAT

Hey..... isn’t that equal to government meddling into private enterprise !!!! Isn’t that the opposite of what he ssupossed to be doing ?

Funny how the LA Times touts the free market only when they agree with the product being pushed. Sad partisan hacks.

He thinks he's king. Mueller needs to make his move after the new Congress is seated - to show tiny hands donny boy who's boss.

dhlovelife Revenge is only note he plays

Conflating ending subsidies for a company that doesn’t honor its side of a deal with “ending subsidies for electric cars” is low even for the . Had Oboob done the same you would have praised him for standing up to big business

TAKE BACK THE BAILOUT AND BOYCOTT GM.

This President will die trying

If by market forces you mean NO ONE WANTS A CHEVY VOLT

it's NOT unclear whether Trump has the authority to revoke the subsidies. He doesn't. It's a law. He'd need Congress to change it. This is such lazy irresponsible journalism.

Me: Alexa, who is the president of America? Alexa: America doesn’t have a president, but there is a Dictator. Me: Wtf?

Consequences of his policies as usual are somebody else's fault...

ROFL....there isn't a MARKET...if there was they wouldn't need SUBSIDIES......its F-ing basic ECONOMICS LA TIMES

Yes, Electric Scooters for all!

Federal subsidies are not market forces. Fake News

It's 'market forces' that makes GM to stop producing 6 vehicles US consumers aren't buying.

G.M plants also close in Ohio- this was not to happen according to what Trump promised to them----If you voted for him i don't feel sorry for you at all..

It’s time to stop government subsidies to all corporations it’s not the tax payers responsibility to prop up private industry nor is it fair to any small start up trying to break into a market where the established corporations are being propped up by the government

How can anyone look at this guy's hair and think he makes good choices?

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