Welcome to DU!
The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards.
Join the community:
Create a free account
Support DU (and get rid of ads!):
Become a Star Member
Latest Breaking News
General Discussion
The DU Lounge
All Forums
Issue Forums
Culture Forums
Alliance Forums
Region Forums
Support Forums
Help & Search
The Finance 202: Trump promised an auto renaissance. The industry has hit a skid.
Hat tip, Jalopnik:
PowerPost • Analysis
The Finance 202: Trump promised an auto renaissance. The industry has hit a skid.
By Tory Newmyer
May 29 at 7:29 AM
THE TICKER
In yesterday's newsletter, we took a closer look at how struggling rural communities, defying the national economic bounce, could complicate President Trump’s reelection bid.
But there’s another pillar of Trump’s base — the auto industry, which he promised to transform into the engine of a manufacturing revival — that is stalling at an inopportune moment for the president.
Layoffs in the industry this year are at their highest since the economic crisis a decade ago — up to 19,802 through April, a dramatic rise over the 6,451 cuts through the same period last year, according to executive search firm Challenger, Gray and Christmas:
{snip}
Tory Newmyer covers economic policy and the intersection of Wall Street and Washington as the anchor of PowerPost's daily tipsheet The Finance 202. He previously worked at Fortune, where he spent seven years as the magazine's Washington correspondent. Follow https://twitter.com/torynewmyer
The Finance 202: Trump promised an auto renaissance. The industry has hit a skid.
By Tory Newmyer
May 29 at 7:29 AM
THE TICKER
In yesterday's newsletter, we took a closer look at how struggling rural communities, defying the national economic bounce, could complicate President Trump’s reelection bid.
But there’s another pillar of Trump’s base — the auto industry, which he promised to transform into the engine of a manufacturing revival — that is stalling at an inopportune moment for the president.
Layoffs in the industry this year are at their highest since the economic crisis a decade ago — up to 19,802 through April, a dramatic rise over the 6,451 cuts through the same period last year, according to executive search firm Challenger, Gray and Christmas:
{snip}
Tory Newmyer covers economic policy and the intersection of Wall Street and Washington as the anchor of PowerPost's daily tipsheet The Finance 202. He previously worked at Fortune, where he spent seven years as the magazine's Washington correspondent. Follow https://twitter.com/torynewmyer
1 replies
= new reply since forum marked as read
= new reply since forum marked as read
