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Transcript

00:00:01
>> General Motor's decision to shut five plants in North America and cut 14,000 jobs sparking fury among workers.>> It's devastating, what it will do to this community, not just GM.>> The bad thing is to get this news on the day after we come back for Thanksgiving.
00:00:17
>> And the White House. The Trump administration making it clear Tuesday, it feels blindsided and betrayed. Senior Economic Advisor Larry Kudlow.>> Holiday season layoffs from GM, brutal, brutal, all right. Very disappointing.>> An unhappy President Trump who has made bringing jobs back to America the centerpiece of his presidency warning GM on Twitter, quote, the US saved General Motors, and this is the thanks we get?
00:00:48
We are now looking at cutting all GM subsidies, including for electric cars. Reuters Correspondent, Dave Shepardson.>> Legally, it's not clear how the president could overturn a tax credit that was passed by Congress, signed into law by a previous president, and single them out. But I think it's really more about the administration really ramping up the pressure on GM, trying to send a message that we're not happy.
00:01:17
>> The White House taking no blame for GMs woes, even though the automaker has said Trump's tariffs on aluminum and steel could result in a billion dollars in additional annual cost. But Senate Minority Leader Chuck Schumer was less forgiving, drawing a straight line back to the White House.
00:01:35
>> The awful closings yesterday are terrible. They're a sad symbol of a president who has failed the American working people and given them a lot of hot air and no real gains.>> GM, in an attempt to distance itself from political backlash, issued a statement Tuesday, saying many of the workers impacted will be able to find work at other GM factories.