Will He Tank Another Top US Manufacturer’s Stock Again?
Early Tuesday morningÂ Donald Trump attacked General Motors, a $152 billion American manufacturing company, for making some cars in Mexico then importing them into the United States to be sold. In an unprecedentedÂ move â€“ targeting one company, not an industry â€“ the president-elect via TwitterÂ threatened GM with tariffs if they do not begin making the cars in the U.S.
General Motors is sending Mexican made model of Chevy Cruze to U.S. car dealers-tax free across border. Make in U.S.A.or pay big border tax!
â€” Donald J. Trump (@realDonaldTrump) January 3, 2017
On Twitter, many noted Trump’s extreme hypocrisy.
Trump’s clothing line is also not made in America, it’s made in China and Mexico â€“Â countries he regularly attacks â€“Â and 10 other countries:
â€” Jordan Uhl (@JordanUhl) January 3, 2017
â€” Derek (@KentuckyBlacc) January 3, 2017
â€” Simon Cullen (@Simon_Cullen) January 3, 2017
One person noted that Trump’s daughter Ivanka makes her clothing overseas also:
@realDonaldTrump You know about your daughter Ivanka’s clothing line, right? Or your own, totally manufactured out of the country? Unfair!
â€” TONY DARO (@TONYDARO) January 3, 2017
Another noted that Trump appointed GM Chairman and CEO Mary Barra to hisÂ economic advisory panel:
@realDonaldTrump I mean, take this up with her, dude.
â€” Justin Hendrix (@justinhendrix) January 3, 2017
Trump’s previous tweets sunk the stock prices of Boeing and Lockheed Martin, two other U.S. manufacturers, which have led to accusations Trump might be intentionally trying to bring down stock prices, allowing those next to him advance notice to rush in and buy them at a big discount, and sell them as they rise back up.
â€” Michael Skolnik (@MichaelSkolnik) January 3, 2017
@realDonaldTrump GM share price closed at $34.84. Let’s see where it ends up today
â€” Yashar (@yashar) January 3, 2017
â€” Babie Cee (@babiecee) January 3, 2017
And in fact, as MarketWatch reports, GM’s stock price is already falling in pre-market action.
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‘I’m Broke’: One Day Before Shutdown and With No Plan McCarthy Says He Has ‘Nothing’ in His ‘Back Pocket’
Just 30 hours before his own Republican conference likely will have succeeded in shutting down the federal government of the United States, Speaker of the House Kevin McCarthy candidly admitted to reporters he’s run out of ideas.
Earlier Friday in an “embarrassing failure,” 21 House Republicans killed legislation from their own party, a short-term continuing resolution, that would have kept the federal government open.
Later on Friday afternoon, swarmed by reporters, McCarthy was asked if he was going to tell them what his plans are. He sarcastically replied, “No, I’m going to keep it all a secret.”
When pressed, he said he would “keep working, and make sure we solve this problem.”
“What’s in your back pocket, Speaker?” another reporter asked, pressing him for an answer.
“Nothing right now. I’m broke,” he admitted, apparently referring to options and ideas to avoid a shutdown.
But another reporter asked Speaker McCarthy the main question: Would he partner with House Democratic Minority Leader Hakeem Jeffries to put the Senate’s bill before the House.
He refused to answer.
After Speaker Kevin McCarthy’s (R-CA) failed House vote to keep the federal government open…
Reporter: “What’s in your back pocket, Speaker?”
McCarthy: “Nothing right now. I’m broke.” pic.twitter.com/pB2SWhOSVr
— The Recount (@therecount) September 29, 2023
Just before 5 PM CNN’s Manu Raju reported on the ongoing House Republicans’ closed-door meeting with the Speaker, a meeting where the 21 Republicans who will likely be effectively responsible for the shutdown reportedly did not attend.
“McCarthy is telling [Republicans] now there aren’t many options to avoid a shutdown, according to sources in room. He says they can approve GOP’s stop-gap plan that failed, accept Senate plan, put a ‘clean’ stop-gap on floor to dare Democrats to block it — or shut down the government.”
He adds, U.S. Rep. Matt Gaetz (R-FL) largely responsible for the impending likely shutdown and the impending possible ouster of McCarthy said: “We will not pass a continuing resolution on terms that continue America’s decline.”
At midnight Saturday Republicans will likely have succeeded in furloughing 3.5 million million federal workers – two million of them service members in the U.S. Armed Forces – and countless contractors, while financially harming untold thousands of businesses that rely on income from all those workers to keep running – unless Speaker McCarthy puts a bipartisan continuing resolution approved by at least 75 U.S. Senators on the floor, legislation every House Democrat is likely to vote for.
Should he do so, many believe he will have also signed his own pink slip.
But whether or not the government shuts down, and whether or not McCarthy puts the Senate’s CR on the floor, according to The Washington Post the far right extremists in his party are already moving to oust him “as early as next week.”
The Biden campaign is making certain Americans realize the blame for the impending shutdown sits at McCarthy’s feet.
Here is Kevin McCarthy a few months ago praising the deal he made with President Biden to avert a government shutdown, which he is now reneging on pic.twitter.com/B4rVNzNXkZ
— Biden-Harris HQ (@BidenHQ) September 29, 2023
At 6:23 PM Friday evening, Punchbowl News’ Jake Sherman wrote on social media: “HOUSE REPUBLICANS HAVE NO PLAN TO KEEP GOVERNMENT OPEN.”
Watch the videos above or at this link.
‘Bad News’ for Sidney Powell as First Trump Co-Defendant in Georgia RICO Case Takes Plea Deal: Legal Expert
“Under the terms of an agreement with Fulton County District Attorney Fani Willis’s office, Hall pleaded guilty to two counts of conspiracy to commit election fraud, conspiracy to commit computer theft, conspiracy to commit computer trespass, conspiracy to commit computer invasion of privacy, and conspiracy to defraud the state,” NBC News reports. “Under the terms of the deal, he’s being sentenced to five years probation.”
CNN previously reported “Hall, a bail bondsman and pro-Trump poll-watcher in Atlanta, spent hours inside a restricted area of the Coffee County elections office when voting systems were breached in January 2021. The breach was connected to efforts by pro-Trump conspiracy theorists to find voter fraud. Hall was captured on surveillance video at the office, on the day of the breach. He testified before the grand jury in Fulton County case and acknowledged that he gained access to a voting machine.”
Former U.S. Attorney Joyce Vance, a professor of law and frequent MSNBC contributor, says Hall “was in the thick of things with Sidney Powell on Jan 7 for the Coffee County scheme involving voting machines. If he’s cooperating, it’s a bad sign for her.”
Hall’s plea deal “spells bad news for, among others, Sidney Powell,” says former Dept. of Defense Special Counsel Ryan Goodman, an NYU Law professor of law. Goodman posted a graphic showing the overlap in charges against Hall and Powell, which he called “alleged joint actions.”
With breakthrough for Georgia DA (@TamarHallerman reporting: “SCOTT HALL has become the first co-defendant in the Fulton election interference case to take a plea deal with prosecutors.”)
That spells bad news for, among others, Sidney Powell.
Example of alleged joint actions.👇 pic.twitter.com/odMM5C7JtX
— Ryan Goodman (@rgoodlaw) September 29, 2023
See the graphic above or at this link.
Far-Right Republicans Kill GOP Bill to Keep Government Running in ‘Embarrassing Failure’ for McCarthy: Report
With a shutdown less than 36 hours away, far-right Republicans in the House of Representatives Friday afternoon voted against their party’s own legislation to kept the federal government running. Democrats opposed the content of the bill and voted against it. Just 21 far-right members of the GOP conference were able to effectively force what appears to be an all but inevitable shutdown at midnight on Saturday.
“HARDLINE HOUSE RS take down stopgap funding bill. 21 GOP no votes. 232-198,” reported Punchbowl News’ Jake Sherman just before 2 PM Friday.
NBC News reported that a “band of conservative rebels on Friday revolted and blocked House Republicans’ short-term funding bill to keep the government open, delivering a political blow to Speaker Kevin McCarthy and likely cementing the chances of a painful government shutdown that is less than 48 hours away.”
“Twenty-one rebels, led by Rep. Matt Gaetz, R-Fla., a conservative bomb-thrower and a top Donald Trump ally, voted Friday afternoon to scuttle the 30-day funding bill, known as a continuing resolution or CR, leaving Republicans without a game plan to avert a shutdown. The vote failed,” NBC added. “The embarrassing failure of the GOP measure once again highlights the dilemma for McCarthy as his hard-liners strongly oppose a short-term bill even if it includes conservative priorities. It leaves Congress on a path to a shutdown, with no apparent offramp to avoiding it — or to quickly reopen the government.”
A bipartisan group of at least 75 U.S. Senators has passed two bills this week that would keep the government running. Speaker of the House Kevin McCarthy has refused to allow it to come to the floor for a vote.
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