Jan 17, 2017

GM makes it official: $1 billion and 1,500 jobs

Paul Sancya / AP

GM announced they will invest $1 billion in U.S. factories, creating about 1,500 jobs. This comes just a couple weeks after Trump tweeted at GM threatening a "big border tax" if they move jobs out of the country. But GM said it was coming either way.

As the U.S. manufacturing base increases its competitiveness, we are able to further increase our investment, resulting in more jobs for America and better results for our owners. The U.S. is our home market and we are committed to growth that is good for our employees, dealers, and suppliers and supports our continued effort to drive shareholder value.— GM Chairman and CEO Mary Barra

Sound familiar? Fiat Chrysler announced their own $1 billion investment in U.S. plants, and Ford invested in Michigan instead of Mexico after Trump tweets.

Trump's strategy: Trump told the WSJ there won't actually be a tax on companies because "they're not going to leave." When asked if he is micromanaging these manufacturers, he said, "I'm setting a tone for hundreds of companies."

Warning: Slapping a border tariff on companies that outsource could discourage them from new hiring in the U.S., and if they do keep their jobs in the U.S., automation would be more likely to cause unemployment than globalization.

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Docs: Navarro memos warning mass death circulated West Wing in January

In late January, President Trump's economic adviser Peter Navarro warned his White House colleagues the novel coronavirus could take more than half a million American lives and cost close to $6 trillion, according to memos obtained by Axios.

  • By late February, Navarro was even more alarmed, and he warned his colleagues, in another memo, that up to two million Americans could die of the virus.

Driving the news: Navarro's grim estimates are set out in two memos — one dated Jan. 29 and addressed to the National Security Council, the other dated Feb. 23 and addressed to the president. The NSC circulated both memos around the White House and multiple agencies.

Wisconsin Supreme Court blocks governor from delaying state's primary

Tony Evers. Photo: Nuccio DiNuzzo/Getty Images

Wisconsin's Supreme Court on Monday blocked an executive order by Gov. Tony Evers (D) that attempted to delay in-person voting for the state's primary election — currently scheduled for Tuesday — until June 9.

Driving the news: Judges ruled 4-2 along ideological lines that Evers does not have the power as governor to unilaterally postpone the election, despite the fact that the state has a stay-at-home order in place due to the coronavirus pandemic.

Go deeperArrowUpdated 14 mins ago - Health

Acting Navy head apologizes for calling fired captain "stupid"

Acting Secretary of the Navy Thomas Modly testifies on Capitol Hill in December. Photo: Saul Loeb/AFP via Getty Images

Acting Navy Secretary Thomas Modly apologized Monday for calling Capt. Brett Crozier, the ousted commander of the USS Theodore Roosevelt, "too naïve or too stupid" over his letter pleading for help following a coronavirus outbreak onboard.

The big picture: His apology came after President Trump told a news briefing earlier Monday he would "get involved" following a leak of Modly's remarks to the ship's crew on Crozier, who has since been diagnosed with coronavirus, which were obtained by CNN.

Go deeperArrowUpdated 1 hour ago - Politics & Policy