Cable Forum - President Trump & U.S Election 2016 Investigation

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Re: President Trump & U.S Election 2016 Investigation

Thank you very much uhuh

Re: President Trump & U.S Election 2016 Investigation

Last year, Trump promised 900 new GM jobs in Michigan and that the company was going to open more plants. He was quick to take the credit for it.
https://video.foxnews.com/v/53606800...#sp=show-clips

Yesterday, GM advised it was closing five plants and cutting 14,000 jobs. Wonder if he'll take the blame for it?
https://www.nytimes.com/2018/11/26/b...gtype=Homepage

Re: President Trump & U.S Election 2016 Investigation

https://www.bbc.co.uk/news/business-46365240

Quote:

US President Donald Trump has escalated his attack on General Motors (GM) a day after the carmaker announced major job cuts.

Mr Trump wrote on Twitter that he was "very disappointed" and "looking at cutting all GM subsidies, including ... for electric cars".

It was not immediately clear what specific subsidies he had in mind.

GM's decision to halt production at factories in the US and Canada has angered many politicians.

For Mr Trump in particular, the cuts are a blow, as he has made rebuilding the US auto industry one of his administration's priorities.

Not sure that threatening a company that he's relying on to turn the industry around is particularly helpful in these days of globalisation. They could just up sticks and find another more accommodating country to make their product.

Re: President Trump & U.S Election 2016 Investigation

One of the reasons for the plants closing is the steel and aluminium tariffs - in a global manufacturing environment, it’s rare that everything is made in one country; parts are shipped between, and assembled, in different counties - imposing tariffs disrupts this flow, with the impact we have just seen (GM have said it will reduce their annual profit by $1 billion).

Also, the plants that are shutting produce smaller cars, and the North American market has moved to crossovers, SUVs, and Hybrids, and it is more cost-effective to increase throughput in car plants that already produce these (and that are mainly automated, so few extra jobs) than to re-tool the factories that produce small cars.

There’s a good article in Forbes (a very Conservative publication) about it.

https://www.forbes.com/sites/davidki.../#21a137a86057

Quote:

That GM is looking to cut thousands of jobs at a time when the economy is performing well indicates a few realities of the global economy and the future of mobility. Ford, too, is expected to announce huge job cuts this week.

–Many forecasters project that the U.S., the best market for GM and Ford, could see annual sales fall to between 15 million and 15.5 million a year for the next five years or so because of an overheated used car supply, as well as a decline in new-vehicle ownership among consumers 20-32.

–GM, like most other car companies, is readying their operations and employee headcount for a rise in mobility usage, rather than vehicle ownership–ride-hailing services like Uber and Lyft; increasing moves to city centers where consumers don’t want to own vehicles; burgeoning businesses around autonomous driving fleets that will have costs competitive with car ownership. "We are right-sizing capacity for the realities of the marketplace," Chief Executive Mary Barra said, adding that GM will double resources dedicated to electric and self-driving vehicles over the next two years.

–A shift in consumer tastes away from sedans, which many plants are geared to produce, to plants that build crossovers SUVs. Ford and FCA, too, have announced they are phasing out sedans.

–Higher costs, due in part to the Trump administration steel tariffs, have already cost GM $1 billion, and those costs will persist and rise as long as they are in place.

Re: President Trump & U.S Election 2016 Investigation

It's what people were saying before about kicking off trade wars. You still lose even if the other side (i.e China) loses more. He is still talking about putting tariffs on iPhones e.t.c. Apple on of the top companies in America. Still I guess it will help Samsung (South Korea)....

Re: President Trump & U.S Election 2016 Investigation

https://www.independent.co.uk/news/w...-a8655396.html

Quote:

. Trump says he doesn't believe in climate change because 'air and water is at a record clean'
'They talked about at some point the planets could have freeze to death,' president claims.
One of the problems that a lot of people like myself - we have very high levels of intelligence, but we’re not necessarily such believers,” Mr Trump told The Washington Post.

Mmmm, yes, Donald. You could dismiss him as thick, but that would be an insult to thick people...

Re: President Trump & U.S Election 2016 Investigation

https://twitter.com/AP/status/1068148445385551873

Quote:

BREAKING: Michael Cohen pleads guilty to lying to Congress about Trump real estate project in Russia.

---------- Post added at 14:38 ---------- Previous post was at 14:33 ----------

https://abcnews.go.com/Politics/mich...ry?id=59491450

Quote:

Cohen’s earlier plea deal with federal prosecutors in the Southern District of New York implicated President Trump in campaign finance felonies. Since then, Cohen has spent more than 70 hours in interviews with Mueller's team.

Re: President Trump & U.S Election 2016 Investigation

I’m sure it’s just coincidence that this happened on the same day Cohen made a plea agreement...

https://thehill.com/homenews/adminis...sly-worked-for

Quote:

Federal agents have reportedly raided the Chicago City Hall office of a lawyer who previously did tax work for President Trump.

The Chicago Sun-Times reports that federal agents removed everyone from the office of Chicago Finance Committee Chairman Ed Burke on Thursday morning, covering the floor-to-ceiling windows with brown paper...

...Burke worked for Trump for more than a decade doing property tax work.

Burke’s law firm of Klafter & Burke has worked with Trump’s companies repeatedly to reduce the property tax that Trump Tower and his other properties in Chicago have had to pay, according to the Sun-Times.

Over his 12 years working for Trump, Burke was allegedly able to cut the property taxes on the downtown tower by more than $14 million.

Burke stopped working for Trump this summer, citing “irreconcilable differences” in letters filed with the Illinois State Property Tax Appeal Board.

Full text of the plea deal

https://www.politico.com/www.politic...7-60beeb580001

Re: President Trump & U.S Election 2016 Investigation

Mueller clearly went quiet for the midterms and is ramping back up again. In this case it appears to be related to a property in Russia happening at the same time as Trump running for President. It'll be interesting to see what that is about (not illegal to do business whilst running for President) and why Trump said he wasn't and why Cohen lied about it to congress.

Re: President Trump & U.S Election 2016 Investigation

It’s a non-story as per usual. Mueller has nothing and is squeezing an already unreliable witness with Cohen. Non of Mueller’s other targets are flipping, not that there is anything to flip for with an hoax investigation.

Re: President Trump & U.S Election 2016 Investigation

Last 24 hours...

Deutsche Bank raided
Feds raid Trump Tax Attorney
Cohen pleading guilty lying to Congress
Cohen implicates Trump in Russia Hotel
Manafort & Stone busted
Corsi admitted he & Stone lied to Congress
Trump cancels Putin meeting

Interesting times...

Re: President Trump & U.S Election 2016 Investigation

Quote:

Originally Posted by Hugh (Post 35972979)

Looks like Trump is making good on his promise to drain the swamp. ;)

Re: President Trump & U.S Election 2016 Investigation

Quote:

Originally Posted by Hugh (Post 35972979)

But not really. Yawn. It’s desperation because Mueller has nothing.

Re: President Trump & U.S Election 2016 Investigation

Quote:

Originally Posted by Mick (Post 35972981)

But not really. Yawn. It’s desperation because Mueller has nothing.

Who knows? We'll have to see. I don't think he'll have something directly on Trump but it seems to be focusing on some specific things now.

Re: President Trump & U.S Election 2016 Investigation

Nothing that points to any collusion. Just charges based on people lying. It’s a big yawn.