Sunday, December 9, 2018

GM's Layoffs and the American Contradictions.


He was called a Socialist, anti-business, Wall Street antagonist, and Regulations aficionado. Nevertheless, within his first two years in office, he injected massive funding into the near comatose GM; thus, sending thousands of displaced workers back to work. And in four years, he repositioned it as the number one auto marker in the World. Same is true of Chrysler Motors, Ford Motors, AIG, and the entire Mortgage industry. It was eight years of massive economic expansion and an unprecedented decline in unemployment filling. 

Above all, the visibly emaciated Wall Street  (the celebrated enemy of the Socialist President) now miraculously rejuvenated and stupendously capitalized was, once again, ensconced in its culture of unhinged bonuses. 

Following the exit of the Socialist President, emerges in the Oval Office a pro-market business-friendly, real estate magnate, a lover of Wall Street, a real American hero, a quintessential American capitalist guru, anti-regulation superbrat, and a self-confessed enemy of bureaucratic monstrosity. Yes, he is an American born hero, a true patriot, and unmistaken nationalist. And Americans are happier for it. 

Just two years into his administration, and when Americans are still celebrating his famed managerial acumen and economic wizardry, GM (General Motors) wants to embarrass him by laying off about 15000 of its workers and threatening to close down facilities all over the U.S. And just a few months ago, Harley Davidson, the maker of exotic motorcycles,  started the un-American trend by cutting down on its American workforce and moving some of its production facilities overseas. To General Motors and Harley Davidson, that's not how to honor a business-friendly dealmaker who is a real American President. I beg to plead.

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