Trump's accusations about socialism should be taken seriously — because when it comes to business, he's a socialist

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By imposing his political will on industrial companies, Trump is taking a page from the well-worn playbook of 20th-century socialism.

for idling a factory in Ohio that's smack in the middle of Trump country, a rich region of Trump voters whom the President will need to get reelected in 2020.

In the auto industry, underutilized capacity is a money pit and needs to be brought offline in order for a carmaker's entire production system to function properly. Prior to the financial crisis, companies might have kept an underutilized factory going to avoid the expense and complexity of shuttering it, but under Barra, GM has been unflinching in maximizing its return on investment.

"To be clear, under the terms of the UAW-GM National Agreement, the ultimate future of the unallocated plants will be resolved between GM and the UAW," the automaker said.

 

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Ridiculous article.

Socialist? So now the MSM is slapping another label on Trump above and beyond the multitude of labels he’s been already slandered with? Soon they will run out of disparaging epithets!

BI used to be good.

Nice try. What a crock!

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 /  🏆 729. in TH

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