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Economists say GM layoffs are just the start of fallout from Trumponomics: ‘This is the chickens coming home to roost’

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When running for president, Donald Trump vowed that no American auto plants would close.

“If I’m elected, you won’t lose one plant. You’ll have plants coming into this country,” he said at a campaign rally in Michigan in October, 2016. “You’re going to have jobs again, you won’t lose one plant. I promise you. I promise you.”

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This week’s news that GM is closing plants and laying off 15,000 people as it discontinues several models of car in preparation for the transition to autonomous vehicles has brought those broken promises to the forefront.

But, according to a new NBC News report, these closings are only the beginning as GM alone has lost $1 billion because of Trump’s tariffs on steel and aluminum.

“They can read the crystal ball and see what’s coming,” said Robert E. Scott, a senior economist at the Economic Policy Institute. “This is the chickens coming home to roost on the broader Trump economic policies.”

Scott said Trump’s trade policies make no sense and that his tax cuts have been counterproductive.

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“If nothing is done to address the problems created by Trump’s budget and failed trade policies, the problem is going to get worse,” he said.

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Enjoy this piece?

… then let us make a small request. Like you, we here at Raw Story believe in the power of progressive journalism — and we’re investing in investigative reporting as other publications give it the ax. Raw Story readers power David Cay Johnston’s DCReport, which we've expanded to keep watch in Washington. We’ve exposed billionaire tax evasion and uncovered White House efforts to poison our water. We’ve revealed financial scams that prey on veterans, and efforts to harm workers exploited by abusive bosses. We’ve launched a weekly podcast, “We’ve Got Issues,” focused on issues, not tweets. Unlike other news sites, we’ve decided to make our original content free. But we need your support to do what we do.

Raw Story is independent. You won’t find mainstream media bias here. We’re not part of a conglomerate, or a project of venture capital bros. From unflinching coverage of racism, to revealing efforts to erode our rights, Raw Story will continue to expose hypocrisy and harm. Unhinged from corporate overlords, we fight to ensure no one is forgotten.

We need your support to keep producing quality journalism and deepen our investigative reporting. Every reader contribution, whatever the amount, makes a tremendous difference. Invest with us in the future. Make a one-time contribution to Raw Story Investigates, or click here to become a subscriber. Thank you.



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Internet cheers ‘real president’ Hillary Clinton for ‘eviscerating’ Trump over lie Google ‘manipulated’ millions of votes

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Hillary Clinton has been pretty quiet lately, perhaps sitting in her Chappaqua home with Bill and doing whatever it is former Secretaries of State and former Presidents do.

But a tweet President Donald Trump posted Monday move her to enter the spotlight once again, if only for a moment.

Trump posted a huge lie, a claim that somehow search and advertising behemoth Google "manipulated" up to 16 million more votes for Hillary Clinton. It's so preposterous that it's already been debunked, but don't expect a Trump retraction.

"Wow, Report Just Out! Google manipulated from 2.6 million to 16 million votes for Hillary Clinton in 2016 Election! This was put out by a Clinton supporter, not a Trump Supporter! Google should be sued. My victory was even bigger than thought!" Trump tweeted.

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Trump’s outrageous claims of voter fraud have a clear goal: Refusing to accept defeat in 2020

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A brand new Fox News poll shows Donald Trump well behind the top four Democratic candidates for president, with Joe Biden topping the list at 12 points ahead of Trump. Don’t get happy, though, or else we “tempt the wrath of whatever from high atop the thing,” to quote "The West Wing." We’re still a long way from the 2020 election and roughly a gazillion things could dramatically alter the landscape of the campaign.

Trump, on the other hand, is totally losing his shpadoinkle over the poll results.

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Baptists unanimously vote out lesbian couple over same-sex marriage: ‘It was more out of spite’

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A lesbian couple from Mississippi says they were asked to leave their Baptist church over their relationship.

Mary Catherine Trollinger and her partner Olivia Jennings were notified by letter that they were no longer welcome at Gracewood Baptist Church in Southaven, where they met last year, reported WATN-TV.

Their pastor, Barry Baker, signed the letter, which stated he had warned them against pursuing an "unbiblical" and "degrading" same-sex relationship, and told the couple they had been unanimously -- and "sadly" -- voted out during a special business meeting at the church.

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