After General Motors (a.k.a. Government Motors) announced the closing of five U.S. auto plants and 14,000 layoffs, President Trump has threatened to cut government subsidies for GM. General Motors with no government subsidies?? It’s almost impossible to imagine.
“The U.S. saved General Motors, and this is the THANKS we get!” Trump tweeted on Tuesday, referring to the federal government’s rescue of GM and Chrysler-Fiat during the depths of the recession nearly a decade ago.