Trump uses Twitter to threaten Toyota
So this is how the presidency is going to be run.
Click here for reuse options!Since winning the Nov. 8 general election, Donald Trump’s targeted several manufacturing companies on his favorite communication tool — Twitter — to call them out for reported plans to move production facilities out of the U.S.
The most recent was Toyota, blasted by Trump on Thursday for its plans to offshore production work.
The President-elect threatened to impose a hefty fee on the world’s largest automaker if it starts building Corolla cars for the U.S. market in Mexico.
…it’s also not clear Trump would ever be able to make good on his threat to single out Toyota for a punitive tax — and it’s even less clear that tax-incentive programs, like the ones Trump has been doling out to much Twitter fanfare, will do much to help the economy.
“It’s called the winner’s curse,” says Nathan Jensen, a professor at the University of Texas-Austin. “You won getting that investment in local jobs, but you actually lost, because you paid so much for it.”
The biggest boost, Jensen says, comes to the politicians and the companies who mutually engage in what he calls “credit claiming” — essentially, using optics to make it look like a good deal for everyone. But ultimately, it’s the local taxpayers and economy that most often come out the losers, he said.
it’s also not clear Trump would ever be able to make good on his threat to single out Toyota for a punitive tax — and it’s even less clear that tax-incentive programs, like the ones Trump has been doling out to much Twitter fanfare, will do much to help the economy.
“It’s called the winner’s curse,” says Nathan Jensen, a professor at the University of Texas-Austin. “You won getting that investment in local jobs, but you actually lost, because you paid so much for it.”
The biggest boost, Jensen says, comes to the politicians and the companies who mutually engage in what he calls “credit claiming” — essentially, using optics to make it look like a good deal for everyone. But ultimately, it’s the local taxpayers and economy that most often come out the losers, he said.
Copyright 2017 Liberaland
14 responses to Trump uses Twitter to threaten Toyota
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Buford2k11 January 6th, 2017 at 18:26
TRUMP IS NOT A DICTATOR….sheesh….
bpollen January 7th, 2017 at 03:10
But if you take of the “tator” part…
robert January 6th, 2017 at 19:56
Toyota responds to trump tweet calling it bullsh*t and reminds the trumpster that they have over 21 billion invested here in the USA
http://www.nbcnews.com/news/world/toyota-reminds-trump-it-has-invested-more-21-billion-us-n703816
mistlesuede January 7th, 2017 at 18:00
TU for the link.
amersham1046 January 6th, 2017 at 20:10
Toyota, being a Japanese company wishing to do business in Mexico. Does Trump now think he is king of the world
Mike January 6th, 2017 at 20:33
When is he just gonna STFU
StoneyCurtisll January 6th, 2017 at 22:15
Why doesn’t twitter just shut down Trumps account…
They have the right to do so…
mistlesuede January 7th, 2017 at 17:56
That would be awesome!
Obewon January 6th, 2017 at 22:26
Japanese firm Toyota, blasted by Trump on Thursday for its plans to offshore production work to Mexico. This is just like that time the PGA dumped Trump, moving his Doral to MX: Golf tournament says ‘adios’ to Trump’s Doral course! http://www.miamiherald.com/news/local/community/miami-dade/doral/article81078267.html
StoneyCurtisll January 6th, 2017 at 23:37
Let me get this right….
Trump now thinks he can tell a Japanese automaker (Toyota) where it can manufacture it’s vehicles? or else he is gonna do what?
Sy Colepath January 7th, 2017 at 08:33
Doesn’t phuckhead trump get all his bling manufactured overseas?
mistlesuede January 7th, 2017 at 17:55
All of his crap is from foreign countries. So is the crap made for his spawn daughter.
mistlesuede January 7th, 2017 at 17:54
Alan, you need to fix this story. It repeats itself.
mistlesuede January 7th, 2017 at 18:01
He really has no fucking clue the damage he’s doing and he hasn’t even entered the Oval Office yet.