This Is What Happens When You Put An Idiot In Charge of a Complex System

[Minimalist]

Hey, where are all those great jobs?

https://www.bbc.com/news/business-46350057

GM to slash jobs and close eight plants

General Motors (GM) plans to halt production at five factories in North America and cut more than 14,000 jobs.
The US carmaker has also announced it will close three plants outside North America by the end of 2019.
The moves follow rising costs and slower car sales and come as the firm focuses on its line-up of trucks, electric and self-driving vehicles.
The company said the plan would help it save about $6bn (£4.7bn).
The cutbacks include a 15% reduction in the number of its salaried employees, including 25% fewer executives.
The five plants in North America alone employ about 7,000 people currently, including more than 6,000 shift workers.

And those tax cuts?

Some of those changing conditions have little to do with the White House.
But others do.
Take the tariffs on steel - a key component in the production of cars. They have pushed up GM's costs by an estimated $1bn.
Then there are shifting trade agreements and the president's proposal to raise tariffs on imported cars.
New tax cuts passed last year were designed to encourage companies like GM to invest at home, but today's announcement signals the lower tax rates are not enough to offset rising expenses.
So while investors may cheer today's moves as a boost to GM's bottom line, they're a blow to President Trump and his many boasts about bringing car industry jobs back.