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Showing posts with the label GM

A test for Joe Biden

 Today's headline - "Ford slammed by Union for Plans to Move New Model Production to Mexico." The test for President Biden: What is he going to do about it? During the Trump Administration, a similar event occurred.  GM started scaling back it's operations at the Lordstown Ohio plant and progressively reduced production there until it was ready to close the facility. President Trump condemned the automaker and threatened them with tariffs if they moved production to another country. The outcome was the re-opening of the Lordsville Plant under a new company that will manufacture electric pickup trucks.  This was done with assistance from the Trump Administration, as credited by individuals saying in Trump advertisements that the plant would have been closed for good without Trump's help. Now Ford announced it is moving production of a next generation model from its plant in Avon Lake, Ohio.  They are leaving behind production of pickup trucks, but that's curren...

Obama Follows Bush Policies

Interesting to see how President Obama is following in President Bush's footsteps on a number of important policies. For example President Obama is continuing: To bail out AIG The TARP program for Banks To bail out of GM and Chrysler The withdrawal from Iraq Not releasing photos of prisoner abuse Spending significantly more federal dollars than the amount of taxes collected There are others, but time does not permit me to research them all. It shows that President Bush's policies were not so horrible as was suggested by Democratic candidates on the campaign trail. At the same time, one must admit there are some things President Obama has done differently - environmental issues and cracking down on credit card companies would be two areas of difference that are notable and laudable. There are areas, such as rgulatory reform of mortgage lending or types of stock trading, where President Bush did not have a chance to offer solutions