UAW unions members voted for automation of their jobs. Luttnick bragged about robotics will be used in these factories. UAW ypu just voted your way out of a job. 👏
Lay offs are a way to mitigate, but I believe there will be companies calling for Chapter 11 in the next few days once they figure out their cashflows (commitments vs expected reduced revenue).
Trump’s economic chaos. Crippling tariffs, the largest tax hike in U.S. history, and global isolation will ignite stagflation. As prices soar and layoffs spread, the rich hedge while working families drown. The world moves on without us, and the American Dream rots from the inside out.
We’ve shifted to ultra-aggressive capitalism that erodes unions, crushes worker rights, and fuels trickle-up economics. The top 1% thrive while the rest carry the weight. Intergenerational wealth fades, the middle class vanishes, and we’re left with a two-class system: haves and have-nots.
The Economist magazine said the president had "committed the most profound, harmful and unnecessary economic error in the modern era. Almost everything he said—on history, economics and the technicalities of trade—was utterly deluded."
Most of those people won't be able to afford to move to find new auto jobs. And I'm guessing just about every auto maker will be following suit. With car prices skyrocketing very few people are going to be buying a new vehicle any time soon.
And will most likely invite Putin in .. I am still convinced this has been Kremlin’s plan for a long time : To put a sleeper into White House and destroy democracy within .. Trump is a dangerous fool !
Massive tariffs are like a pandemic which will disrupt the supply chains causing empty shelves in stores, layoffs in order to reduce costs, higher prices & more company filing for bankruptcy. What if countries don’t want to fund our debt? What happens to the value of the dollar? It’s going get worse
Yeah, our debt is over 36 trillion. That’s 2.6 billion in interest rate per day X 365 days = about 1 trillion added to our debt annually. Japan owns about 1 trillion and China about 750 million dollars in U.S treasuries. I don’t think you want to piss them off with 50% tariffs…JS
If China and Japan, major holders of U.S. Treasury were to sell their holdings, it could lead to a depreciation of the dollar, potentially higher interest rates for the U.S. government, and instability in financial markets. All that on top of a possible recession because of the tariffs.
He was probably a stand in cosplaying for union worker you know like the rest of Trump‘s cabinet . Them like to wear their different uniforms on a daily basis and have photo ops with people .As they aren’t doing anything constructive jus playing
Shawn again isn’t. I’m in the UAW and was very disappointed to see him kiss ass to trump. If tariffs were used properly and precisely then they COULD bring some jobs back over a long time. These across the board tariffs will ruin our economy way before that happens. Fain is ignoring 99% of the pic.
This is not a celebratory news, so it feels shitty to put a "heart" on this. But I still appreciate the work you are doing @briantylercohen.bsky.social
KID ROCK WHEN YOU GONNA STEP UP FOR YOUR PEOPLE AND BE ON THE RIGHT SIDE OF THIS SHIT,OH THAT'S RIGHT ITS NOT GONNA AFFECT YOU,YOU'RE ANOTHER ASS KISSER WITH MONEY
I'm not laughing. The Republicans had the opportunity with the two impeachments, to keep him from running again, but they didn't have the courage to do it.
Even worse. What they actually elected was an angry, malignant narcissist whose brain simply WILL NOT allow him to believe he is EVER wrong about ANYTHING and his is capable and willing to burn it all down to prove it.
Never forgive those idiots for unleashing this nightmare on the world.
It’s difficult to “like” a post about Americans losing their jobs. It sux! What makes it absolutely worse is the fact it didn’t need to happen. It didn’t.
The liberation from our livelihood and safety has begun. This is no golden age. It is a nightmare orchestrated by a mad man and his accomplices and sycophants
These tariffs are going to ruin the global economy. American is the lynch pin that makes this all work, we have been since the end of WW2. The impact will be felt across the globe. People will die because of this administration’s policies.
But but but ... the Commerce Secretary said very clearly on the CBS morning show that employment would skyrocket, and that would happen starting today. Is that not happening?
I work in an auto plant, and the ones who voted for this DO think it’s great. They think it’s just some “temporary pain” and we’ll be working 12 hour shifts by the end of the year🙄
Trump winning Michigan completed a sweep of the “Blue Wall” states in the Upper Midwest around the Great Lakes. The race came down to the final results from Wayne County, where Harris wasn’t able to match Biden’s 2020 winning margin in the Democratic-dominated county that’s home to Detroit.🏆
And @shawnfainuaw.bsky.social was all in on the tariffs because it was good for Auto worker jobs. That aged like milk left in the sun. Anyone who was thinking at all saw this coming and had to know the manufacturers weren't going to take the hit.
You see Vladimir RasPutin&Viktor, your initial Plan (machination)aka,"The Financial Hegemony(via Manchurian)" is working to perfection...next up is to get"PETE"to order the US Military to "STAND BACK AND STAND DOWN" because..."The Russians Are Coming"and this time, it wont be on"CELLULOID(nyet)"???
And so it begins. Real consequences for Trump's abject stupidity about how tariffs work & the damage that he's doing to the US job market & global economy. Meanwhile, the GOP will continue to hide & ignore the obvious. Trump needs to go. They need to make it happen. 25th Amendment or impeachment.
47 is tanking the economy. He is also shutting down the conversation about Waltz and Hegseth by creating this economic distraction. Democracy is dying.
I think it's intentional to allow the ultra-wealthy to scoop up cheap stocks with inside information and increase unemployment so workers become desperate, then take low paying jobs, further increasing profits of the ultra-wealthy. These moves weren't "masterminded" by Trump.
We all knew this was coming, but part of me hoped these large corps would keep workers on. Instead the higher up executives would take a temp pay cut or the shareholders yield less profits. I must be stupid. I wonder if they'll get their jobs back ever, AI or another tech replacing them?
I find it funny that Trump paraded an “autoworker” on stage from Macomb County, MI yesterday during his announcement and Stellantis just laid off workers in Warren and Sterling Heights, which is in Macomb County.
Governments US/Can policies say that we will compensate automakers for any loss. The only people who will suffer are the taxpayers. In effect, both governments have removed any incentive on the powerful auto-industry government lobby. Auto makers are cared for and insulated from any major losses.
I imagine with deep regret for the American people that this may be the first if vey many shut downs and lay offs. As the crisis deepens so will the anger.
I wonder what those auto workers are thinking about this morning after reading about these layoffs, especially since a lot of them voted for Trump because of this ridiculous policy. Hate to say it, but we tried to warn you.
This results are people will mostly likely have multiple missed payments on rent, mortgages, loans, + credit cards. Credit for 7+ years. They will end up having higher interest rates FOR YEARS. Those who have perfect credit now will be devastated by the actions of a bunch of asshole billionaires.
Trump will not care so much about Stellantis as it is no longer American owned & its head office is in the Netherlands.
“Who owns Stellantis? Stellantis is a public company. The largest shareholders are the Agnelli family (Fiat's founding family) and the Peugeot family.Jul 24, 2024”
Live here also-accidentially but we is here now damn. grandson when in high school 2015 had history class..my favorite thing he shared..a girl in class asked the "teacher" and I quote-why we got to learn this--it's old" He got most of his "learning" at home joined the Navy and away from here!!!
I mean I don't want to sound vindictive but... this is the problem with this country. Americans are reactive. Once they get hurt and lose everything, then they open their eyes.
Too fucking late. Pulling the rest of us down with them. This crap started in 2000 with Bush vs Gore.
It started with Regan demonizing the govt, with trickle-down economics, with using the power of the US to destabilize and destroy emerging economies, as well as take out democratically elected left-leaning governments.
He really is he can't die soon enough and free all of us! Thank you same she works at auto plant she has been trying to get me to go work out there I told I'll think about it once my youngest starts preschool and by then hopefully that orange man is gone yeah it's scary times I worry about her job
🫶🏾 ty that means a lot.
yeah, it's bad here i wish I didn't live in the states right now the plan was to destroy everything and ruin lives because he was fired in 2020 election and half of my country thought it was smart to let him burn it all the ground 😢
Thanks. We just spent some time in London. My wheelchair broke, so I brought British wheels back as a souvenir. Americans who aren't Maga don't blame other countries for protecting their interests. We'd rather be there right now. Trump is insane.
Notice how Trump hasn’t placed tariffs on Russia! Trumps a Russian asset, he hired Russian assets to lead the most important jobs in our gov. Damn,Tulsi Gabbard leads our intelligence agency. Cmon, of course Trump is Putin’s asset. Don jr said years ago, Trump org gets all their funding from Russia!
Serves them right for voting for the orange dipshit! Trump told over 30,000 lies in his 1st term alone & these idiots believed everything he said in his rallies & voted for this lying crooked asshole again! Again! Atleast Dems were smart enough not to vote for proven sociopathic liar!
Can you interview that Michigan auto factory worker who spoke at Trump's press conference yesterday? First show him this headline, then explain econ 101 to him. But don't call him stupid; they don't like that.
Comments
Could become "interesting" if collectively the countries are holding billions in US bonds and decide to exercise a bit of a massive sell-off.
Unions are not what they used to be.
They are more like gangs. Cop unions are the archetype.
Yes, we owe the 40 hour week to unions. Not these unions.
He was at the DNC, supported Harris, called Drumpf scab & suddenly he’s a fan of the guy who hates unions
Well, he hates everything that he can’t shake down like a mobster boss
No one is gonna buy cars w/⬆️ inflation & unemployment
900 layoffs is just the start
Fain knows that
They don't have the Balance Sheets to withstand a prolonged drop in activity, and some will likely go bankrupt
You think any plant built in the future won't be AI driven robots?
Poor bastards.
The dead-letter-literal-interpretation of the Bible,
white nationalists, evangelical Christian fundamentalists
elected the Antichrist
that they have been warning about
for years,
their lord and savior Donald Trump.
The Christian fundamentalists
elected the anti-Christ President.
*
Never forgive those idiots for unleashing this nightmare on the world.
Stellantis = OEM assembly
There are HUNDREDS of Tier 1, 2 and 3 suppliers that supply parts that WILL have to do the same.
Shifts eliminated, workers cut. Production reduced due to lack of demand.
900 could turn into 10,000, all told, by the end of day!
#ETTD
Oh, and too quote president musk; "Go fuck yourself in the face "
Just curious. 🤔
“Who owns Stellantis? Stellantis is a public company. The largest shareholders are the Agnelli family (Fiat's founding family) and the Peugeot family.Jul 24, 2024”
Thousands of job losses in both public and private sectors as a direct result of your actions.
Is this what being great feels like?
Too fucking late. Pulling the rest of us down with them. This crap started in 2000 with Bush vs Gore.
some retired auto worker...
probably with a nice pension...
so he has no worries....
yeah, it's bad here i wish I didn't live in the states right now the plan was to destroy everything and ruin lives because he was fired in 2020 election and half of my country thought it was smart to let him burn it all the ground 😢
dumb morons....
And the workers who thought a party and its leader, that despises unions.
For those who voted for the criminal enterprise, FAFO!!! NO EMPATHY!!!