Trump Threatens to Pull Non-Existent Subsidies for GM

Trump Threatens to Pull Non-Existent Subsidies for GM December 4, 2018

As usual, Donald Trump responds to something he doesn’t like with ignorant bluster. After GM announced it was closing a few plants, he threatened to take away their subsidies. There’s just one problem: They don’t get any subsidies from the federal government. And even if they did, he doesn’t have the authority to take them away.

President Donald Trump has made it abundantly clear that he disapproves of GM’s plan to close eight North American plants and lay off 15% of its salaried workforce. “They say the Chevrolet Cruze is not selling well. I say, well get a car that is selling well and put it back in,” he told reporters after the news broke. He also said he had told GM CEO Mary Barra to open up a new facility in Ohio and stop making cars in China.

Then on Tuesday, Trump upped the stakes—and knocked 2.6% off GM’s stock price—by tweeting that his administration was “looking at cutting all GM subsidies, including for electric cars.”

Psssst. Donald. Come here, I’ve got some news for you. *whispers in ear* The subsidies for electric cars go to consumers who buy those cars, not to GM. And they apply to all car companies, not just to cars made by GM. And you can’t pull those subsidies from just one company, that would be unconstitutional, not that you would know or care because you’re a petty tyrant who thinks being president means being able to yell “off with their heads” on Twitter and make it happen.

His chief economic adviser, Larry Kudlow, said this morning that the administration was going to end all subsidies for electric cars, but they can’t do that. Those subsidies were passed by Congress, which alone has the power to tax. No president can void them by decree. Good luck getting Congress to eliminate the subsidy. Just more empty, ignorant bluster from a wannabe dictator who has no concept of separation of powers or limitations on his authority.


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