January 4, 2016
So, that thing about keeping jobs in the US – Donald Trump is coming through on that, hardcore.
This really shames Obama, because this is something he would have to agree is good. Everyone agrees that this is good. It isn’t like immigration where a lot of people are apparently like “oh well, we need more brown people because we need to take revenge on ourselves for slavery and the Holocaust.”
Jobs staying in the US is something everyone wants, which every politician promises, but which every President since Clinton has lied about.
Ford is canceling plans to build a new plant in Mexico. It will invest $700 million in Michigan instead, creating 700 new U.S. jobs.
Ford (F) CEO Mark Fields said the investment is a “vote of confidence” in the pro-business environment being created by Donald Trump. However, he stressed Ford did not do any sort of special deal with the president-elect.
“We didn’t cut a deal with Trump. We did it for our business,” Fields told CNN’s Poppy Harlow in an exclusive interview Tuesday.
The $700 million investment will go to the Flat Rock, Michigan plant to produce more electric and self-driving cars. Ford believes electrified vehicles will outsell gas-powered vehicles within the next 15 years.
Ford is planning to roll out seven new electric vehicles in the next five years, including a Mustang Hybrid.
This is a major U-turn for Ford. Trump repeatedly slammed Ford on the campaign trail for shipping U.S. jobs to Mexico (a claim the company said was wrong). The president-elect has kept up the pressure. Just hours before the Ford announcement, Trump criticized GM (GM) for producing cars in Mexico. All of the big car manufacturers currently have some production in Mexico.
A big U-turn for Ford
Last year, Ford announced it would invest $1.6 billion in Mexico to transfer production of the Ford Focus from Michigan to Mexico to save costs. Now the Focus will be built at an existing plant in Hermosillo, Mexico, and Ford will instead expand its plant in Michigan.
Trump threatened to slap a 35% tariff on Ford vehicles made in Mexico and sold in the U.S., although experts say it is not possible for Trump do that to a single U.S. company.
Ford’s CEO tried to walk a delicate line on how much Trump influenced this major change in the company’s plans. He praised Trump for his vows to cut taxes and scale back regulations on businesses, but stressed Ford’s decision was “done independently” of the president.
“This does make a heck of a lot of sense for business reasons. Political favor is an advantageous byproduct,” says Bernard Swiecki, senior automotive analyst at the Center for Automotive Research in Michigan.
Ford is saving money by investing only $700 million instead of the $1.6 billion it originally planned.
After record years of U.S. car sales, there are signs of a slowdown. Small cars have been especially lousy sellers lately, which is why Ford is still moving production to Mexico. U.S. car workers make an average of $28 an hour, Swiecki says. In Mexico, workers average about $5.50 an hour.
That’s why every single non-Jewish analyst since the 80s has referred to any form of free trade globalism – at least which involves the third world – as a “race to the bottom.”
Trump also called out GM yesterday.
Technically, he threatened them.
General Motors is sending Mexican made model of Chevy Cruze to U.S. car dealers-tax free across border. Make in U.S.A.or pay big border tax!
— Donald J. Trump (@realDonaldTrump) January 3, 2017
This is what we want.
A strongman who threatens our enemies and rewards our friends.
A lot of us got caught up in black pill thinking after that who Israel thing. But let’s remember that everything is still going in the correct general direction, overall.