Monday, October 3, 2016

Last Call For Rusted Orange Steel

Another week, another Kurt Eichenwald story in Newsweek on Trump's malfeasance, this time involving how he screwed US steel workers in favor of his current favorite free trade bogeyman, China.

Plenty of blue-collar workers believe that, as president, Donald Trump would be ready to fight off U.S. trade adversaries and reinvigorate the country’s manufacturing industries through his commitment to the Rust Belt. What they likely don’t know is that Trump has been stiffing American steel workers on his own construction projects for years, choosing to deprive untold millions of dollars from four key electoral swing states and instead directing it to China—the country whose trade practices have helped decimate the once-powerful industrial center of the United States. 
A Newsweek investigation has found that in at least two of Trump’s last three construction projects, Trump opted to purchase his steel and aluminum from Chinese manufacturers rather than United States corporations based in states like Pennsylvania, Ohio, Michigan and Wisconsin. In other instances, he abandoned steel altogether, instead choosing the far-less-expensive option of buying concrete from various companies, including some linked to the Luchese and Genovese crime families. Trump has never been accused of engaging in any wrongdoing for his business dealings with those companies, but it’s true that the Mafia has long controlled much of the concrete industry in New York. 
Throughout his campaign, Trump has maintained that some controversial decisions for his companies amounted to nothing more than taking actions that were good for business, and were therefore reflections of his financial acumen. But, with the exception of one business that collapsed into multiple bankruptcies, Trump does not operate a public company; he has no fiduciary obligation to shareholders to obtain the highest returns he can. His decisions to turn away from American producers were not driven by legal obligations to investors, but simply resulted in higher profits for himself and his family.

So Trump loves to buy American unless buying Chinese is cheaper and makes him more money in the long run.  It's almost like his screaming about how America doesn't make good stuff anymore is just a ruse, as he's happy to buy overseas if it lines his pockets.

And this is the guy who is going to bring back high-paying factory and mill jobs to the US, when he won't even buy US steel that's already being made here?

I'd really like to know what all those "lifelong Democrats" who haven't voted for a Democrat for president since Carter think of Trump buying Chinese steel, because it sounds like to me that he only cares about his own damn self and always has.

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