The American taxpayer saved the auto industry....then got screwed for doing it.
LOLOL, wait til the tax payers incentive shit runs out...Mexico here we come....if TRump is so gotdamned gung ho about keeping jobs in America, stupid ass, why is his shit, STILL BEING MADE IN MEXICO? That's a least a good thousand jobs that could be filled here....I'll tell you why, cause he don't want to pay mf' decent wages, just as Carrier has learned...
Why is his stuff still made in Mexico?
It is cheaper and he make a profit... Wouldn't you do the same damn thing and he also had stuff made in China too...
It is the federal government with its stupid trade agreements and high taxes that set up the current scenario.
'stupid trade agreements' and high taxes?
We have no trade agreement with China- other than we belong to the World Trade Organization- and so does China.
Imports from China are 'taxed' the same amount as imports from Germany or the UK.
Companies profits from selling imported goods are taxed at the same rates as company profits made from selling domestic produced good.
Companies started moving production to China because of basic capitalism- it was cheaper to make product in China- largely because labor was cheaper, but also because China basically ignored the environment and allowed companies to pollute like crazy.
Labor costs in China are rising now- so production is moving to countries like Vietnam and Pakistan where labor costs are lower- or they are automating- eliminating labor costs.