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How Donald Trump Ditched U.S. Steel Workers in Favor of China, by Kurt Eichenwald
http://www.newsweek.com/how-donald-trump-ditched-us-steel-workers-china-505717Plenty of blue-collar workers believe that, as president, Donald Trump would be ready to fight off U.S. trade adversaries and reinvigorate the countrys manufacturing industries through his commitment to the Rust Belt. What they likely dont 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 Trumps 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 its 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.
Hope Hicks, a spokeswoman for the Trump campaign, did not return an email seeking comment.
Of Trumps last three construction projects, the first to use Chinese steel was Trump International Hotel Las Vegas, which opened in 2008. That the manufacturer is from China is not immediately evident; this fact is hidden within a chain of various corporate entities, including holding companies registered in the British Virgin Islands. That tiny micro-state is a popular site for obscure off-shore entities that exist only on legal documents, limiting the potential liability of real businesses while obscuring their true owners.
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How Donald Trump Ditched U.S. Steel Workers in Favor of China, by Kurt Eichenwald (Original Post)
swag
Oct 2016
OP
and the sad thing is, no matter how much of this information is out there, it isn't going
niyad
Oct 2016
#1
Explosive news - I think we will hear more on this from Hillary or Tim - shortly
asiliveandbreathe
Oct 2016
#2
niyad
(113,701 posts)1. and the sad thing is, no matter how much of this information is out there, it isn't going
to matter one whit to his loyalists, who are deaf and blind to anything but the sound of his voice, and his mesmerizing (to them, anyway) presence.
asiliveandbreathe
(8,203 posts)2. Explosive news - I think we will hear more on this from Hillary or Tim - shortly
Maybe even a new Ad - sweeeeeet!
Bill Clinton in Ohio next couple days..
Here is a list -
https://hillaryspeeches.com/scheduled-events/
Hillary's website is awesome....
The_Casual_Observer
(27,742 posts)3. He's not exactly a great example of " Buy American"
So far is he?
You would think that with all his patriotic talk and so on he would have at least tried to set an example on the run up to this campaign. Or, perhaps he simply doesn't give a shit and thinks the public in Ohio is too dumb to know any better.
Marc2010
(117 posts)4. Make America Great, huh?