Class Warfare Blog

May 23, 2019

What, The Huge Trump Tax Cut Didn’t Prevent This?

Filed under: Business,Politics — Steve Ruis @ 12:44 pm
Tags: , , ,

In the category of we all have short memories (and much of that is taken up by bullshit comments by our current POTUS):

Ford Begins Final Round of US Layoffs

Ian Thibodeau, The Detroit News on May 21, 2019

DETROIT — The first of 500 U.S. Ford Motor Co. salaried employees are expected to be notified in meetings Tuesday that they’re being let go.

. . .

CEO Jim Hackett notified employees in an email Monday that Ford was nearing the end of its months-long bout of white-collar layoffs that would eliminate 7,000 jobs globally, roughly 10% of the automaker’s global salaried workforce. When the U.S. layoffs wrap by June, Ford would have cut around 800 jobs in addition to 1,500 buyouts that occurred late last year, or around 7% of its U.S. salaried workforce.

The layoffs come months after General Motors Co. cut 15% of its global salaried workforce. Both sets of layoffs are largely a result of a slowing auto market and looming economic recession. Ford’s layoffs are part of a $25.5 billion pool of cost cuts expected to roll out over the next few years.

* * *

Gee, I thought those huge … permanent … business tax cuts were going to allow them to hire more workers and raise their wages? Hunh! Since that tax cut didn’t work, expect the Trump administration to ram through another tax cut for these poor, suffering corporations.

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5 Comments »

  1. Anyone, theist or atheist, who thinks that “purposes” exist anywhere but in our imaginations is sadly poorly informed.
    Tax cuts. Trump. Economic collapse. End of the World…so what?

    Like

    Comment by John Branyan — May 23, 2019 @ 12:56 pm | Reply

  2. Well, maybe the tax breaks they got were too small? I still am trying to figure how some years back, certain banks were said to be too big to fail. The bigger they are, the harder the fall comes to my aged mind.
    One thing does bug me to no end. Even supposed liberal/left leaning web sites keep going on and on about the diminishing middle class. Never do they seem to be aware of the working class. Oh, yeah, the poor, ell even the holly buy-bull says they will always be with us. True, got to have poor and working class kids to fight the idiotic wars of choice as ‘Merikkka has been doing since 1945.

    Like

    Comment by Walter Kronkat — May 23, 2019 @ 4:17 pm | Reply

    • The middle class used to include the working class, but not originally. Originally when the term middle class was used they referred to doctors, lawyers, businessmen, etc. and the working class was the drudges. Then in the 60’s … if I remember rightly … they compressed the middle, so there were the poor (working or not), the middle class, and then the well-to-do. They made it about money and income and not “class” as we pride ourselves in maintaining the delusion we have no classes.

      On Thu, May 23, 2019 at 4:17 PM Class Warfare Blog wrote:

      >

      Like

      Comment by Steve Ruis — May 23, 2019 @ 9:56 pm | Reply

  3. […] a recent post (What, The Huge Trump Tax Cut Didn’t Prevent This?) I pointed out that the Ford Motor Company has been laying off employees and will be laying off […]

    Like

    Pingback by Now I Understand! | Class Warfare Blog — May 25, 2019 @ 11:59 am | Reply


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