On this episode of The Critical Hour, Dr. Wilmer Leon is joined by Dr. William Spriggs, professor in, and former chair of, the Department of Economics at Howard University who also serves as chief economist to the AFL-CIO.
General Motors announced today that it plans to idle five factories in North America and cut more than 14,000 blue-collar and salaried jobs in a bid to trim costs. The action follows similar job-cutting moves by Ford Motor Company in the face of slowing sales and a shift in consumer tastes, driven in part by low gasoline prices. And it drew fire from President Donald Trump, who vowed early in his term to increase auto-making jobs and brought pressure on the industry not to shift work to Mexico and overseas. Does this indicate anything about the US economy that President Trump has been heralding as the greatest of all time? The five GM plants will halt production next year, resulting in the layoffs of 3,300 production workers in the United States and about 3,000 in Canada. The company also aims to trim its salaried staff by 8,000. Does the 8K white-collar staff layoff indicate something in addition to the blue-collar layoffs?
Sen. Cindy Hyde-Smith brings the baggage of Mississippi and America into tomorrow’s run-off election. President Trump is hosting two rallies for her today. They want to be sure that this one goes their way.
