US STEEL

this will be generic cat

FEE fdn econ edu libtard

see US steelworker union

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an 8 25

New Republic reporter Timothy Noah said seven out of the ten top donors to the presidential race last year gave to Trump — and now their favored president is turning on them

“… The White House keep[ing] scorecards measuring the loyalty of 553 corporations to President Donald Trump’s Big Beautiful reconciliation bill demonstrates that the relationship between private wealth and this presidential administration isn’t as happy as you might think,” said Noah.

Trump is certainly making corporations happy by “chucking health care for the poor so it can cut taxes for the rich,” said Noah, and he’s also “dismantling regulatory agencies created to check corporate power.” Trump lowering taxes and deregulation “are what oligarchs desire more than anything else,” Noah adds, which is why “people like Elon Musk, Timothy Mellon, and Miriam Adelson supported Trump in 2024.”

However, “Trump’s pathological attachment to high tariffs, his never-ending threats to destabilize the Federal Reserve, and, increasingly, his demands that corporations bend the knee are all more than these plutocrats likely bargained for,” Noah said.

IFrame Content

Even as Trump dismantles regulatory agencies legitimately created by Congress, he is introducing a new, “more chaotic regulatory regime dictated by his own whims,” said Noah. “Trump appears intent on ripping up business regulations" and “replacing them with himself.”

Consider the president allowing chip-maker Nvidia to sell AI chips to China. Trump had previously blocked those sales on national security grounds, but Noah said Trump changed his mind and allowed sales, providing Nvidia turned over 15 percent of the resultant revenues to the United States Treasury.

The Constitution does not grant a president the right to demand Invidia surrender a portion of its revenues from Chinese sales to the U.S. Treasury, said Noah, “Nor does the Constitution encourage a president to tell Goldman Sachs to fire its chief economistor Intel to fire its chief executive."

And then there’s the issue of Trump approving the merger of Nippon and U.S. Steel — provided the federal government retain a “golden share” that allows it to veto certain future actions affecting workers. Language in that agreement refers unnecessarily to Trump by name,which strikes Noah as “unsettlingly authoritarian.”

And now comes the news that Trump has loyalty “scorecards” on corporations that rank their support as “strong, moderate, or low” based on whether and how they supported passage of the Big Beautiful Bill through “social media posts, press releases, video testimonials, ads, [or] attendance at White House events.” The most obedient companies, said Noah, appear to be AT&T, Airlines for America, Cisco, Delta, DoorDash, the Steel Manufacturers Association, Uber and United.

“[I]f history is any guide, businesses don’t fight fascist corporatism; they just grope their way toward accommodating it,” writes Noah. “That’s certainly what we’re seeing thus far. Even when Trump bullies American oligarchs, they can’t see their way to judging him anything other than their guy.”

Read the full New Republic report at this link.

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BB 12 24

After supporting their guy, the United Steelworkers union is shocked to hear that President-elect Trump is vowing to block a plan to save US Steel in Pittsburgh's Mon Valley through a sale to Japanese Nippon Steel. The plan would save many jobs that union and local leaders are certain Trump has no plan to replace.

"I am very frustrated with the news that came out last night," United Steelworkers Local 2227 Vice President Jason Zugai said during Tuesday in Washington, D.C. "I didn't expect that to come out. So that was like a gut punch."

While initially skeptical, several local union leaders have expressed support for the deal after meeting with Nippon representatives in October, who promised to invest $1 billion into the iconic steel capital in western Pennsylvania.

Local 2227 President Jack Maskil was among a group of local union leaders who have been lobbying for the sale. He says he believes the majority of Mon Valley workers now support the deal, including 95% of the employees he represents at the Irvin Steel Works.

Zugai said he was a Trump supporter who helped organize trips of steel workers to Trump rallies. He even met with Trump one-on-one and said the president-elect had promised to take another look at the Nippon deal based on the support of the workers.

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an 12 24

Pennsylvania showed how much of a swing state it is when — after favoring Joe Biden in the 2020 election — it chose Republican Donald Trump over Democrat Kamala Harris four years later, but only by roughly 1.7 percent. And the state's 2024 U.S. Senate race was another nailbiter, with incumbent Democratic three-term Sen. Bob Casey Jr. narrowly losing to Republican Dave McCormick.

Now, President-elect Trump is engaged in a major debate in Pennsylvania, where he is vowing to block the $14.9 billion sale of U.S. Steel to a Japanese company: Nippon Steele.

In a Monday, December 2 post on his Truth Social outlet, Trump wrote, "Through a series of Tax Incentives and Tariffs, we will make U.S. Steel Strong and Great Again, and it will happen FAST! As President, I will block this deal from happening. Buyer Beware!!!"

READ MORE:[Alarm raised over Trump plot to install nominees without Senate approval

But according to Newsweek reporter Sophie Clark, many steelworkers in Pennsylvania want the sale to go through.

"In the Pittsburgh area, where U.S. Steel employs about 3500 people, the company's sale to Nippon has proved popular," Clark reports in an article published on December 4. "Following Trump's statement, Jason Zugai, the vice president of the United Steelworkers Local 2227 branch in West Mifflin, southeast of Pittsburgh, said: 'For me, yeah, very frustrated with the news that came out last night. I didn't expect that to come out, so that was like a gut punch.'"

Clark continues, "Those pushing for the deal point to Nippon's pledge to, per The Guardian, 'invest no less than $2.7 billion into its unionized facilities, introduce our world-class technological innovation, and secure union jobs so that American steelworkers at U.S. Steel can manufacture the most advanced steel products for American customers.'"

Some Pennsylvania steelworkers, however, share Trump's opposition to the sale.

READ MORE: '[Nothing at all historic': Mehdi Hasan debunks false claim that Trump won by a 'landslide'

Interviewed by WTAE-TV Channel 4 (an ABC affiliate in Pittsburgh), United Steelworkers President David McCall said of Nippon Steel, "I don't trust them. And more than that, the fact that they're spending billions — or millions and millions of dollars in PR campaigns, as opposed to answering the needs of our members, concerns us a lot."

McCall added, "I think U.S. Steel in the Pittsburgh area, I think it's an economic engine. Everybody understands that — certainly, good-paying, family-supportive jobs, thousands of them. And so, it's important that we maintain steel, steelmaking here in the Mon Valley."

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9 24 the lever podcast series

RR promo for pacific legal

trailer: Master Plan | Listen Now

ep 4

3 mtg orlando dallas and --- same time? jerry ford vp

white of US steel

devos amway pal, joe coors/ AILES

In this episode, we definitely answer that question for the very first time. Master Plan lead producer Jared Jacang Maher has uncovered troves of never-before-reported evidence that proves corporate executives and politicians didn’t just read Powell’s memo — they acted on it.

This includes three secret meetings of a “Powell Memo Task Force” — including one at Disney World. These gatherings drew together America’s most powerful businessmen, a future president, and an ambitious young media consultant named Roger Ailes.

By the end of 1974, the Powell Memo had transformed from a set of ideas into an actual master plan — and the pieces were in place to carry out a decades-long assault on American democracy.

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https://www.alternet.org/2019/12/senate-republicans-have-sold-their-souls-to-corporations-and-the-1-percent-and-failed-the-american-people-in-the-process-united-steelworkers-union-president/

no lnx

US Steel to shutter Detroit plant and lay off 1,545 workers after Trump brags he ‘saved’ industry

[pix President Donald J. Trump signs the Section 232 Proclamations on Steel and Aluminum Imports (Official White House Photo by Joyce N. Boghosian)

Written by Igor Derysh December 22, 2019

U.S. Steel Corp. plans to permanently idle a giant plant in the Detroit area and lay off up to 1,545 workers as steelmakers face large financial losses despite President Donald Trump’s boasts that he “saved” the steel industry.

U.S. Steel CEO David Burritt praised Trump’s tariffs on imported steel after the company announced it would rehire workers and restart two blast furnaces last year. Earlier this year, Trump bragged that he “not only saved this important industry, but created many jobs” with his steel tariffs.

Just months later, U.S. Steel announced that it would idle a plant outside of Detroit and lay off as many as 1,545 employees, Bloomberg News reported on Friday. The company already laid off 200 Michigan workers earlier this year.

The announcement comes amid a drop in demand, the company’s struggles to match rivals’ efficiency, and a third consecutive year of stock losses. Shares of the company’s stock saw their biggest decline in months after Friday’s news and fell to their lowest level since before Trump’s election.

Though the company’s shares grew in the first quarter after the tariffs were announced, their share prices fell by more than 70 percent since, according to The Detroit News. The company now plans to invest in new smaller mills that remelt and refine scrap steel instead of making steel from iron ore.

Alan Deardorff, an economics professor at the University of Michigan, told the outlet that Trump’s tariffs never stood a chance to save the industry.

“By and large, the U.S. steel industry has been in trouble for years. They have sought protection for as long as I can remember by various means,” he said. “They have in a sense been one of the most protected industries in the country, because they just don’t do very well.”

But U.S. Steel spokeswoman Amanda Malkowski said that the closure does not mean the tariffs are not helping. She told The Detroit News that Trump’s tariffs and trade policies “continue to support the long-term recovery and strengthening of the domestic steel industry, including the many investments being made in the future of American steelmaking, some of which involve U.S. Steel.”

Commerce Secretary Wilbur Ross also disputed that the tariffs are not working and told Bloomberg Television that the plant was just too expensive to operate.

“What is happening is they are rationalizing a bit their production so that they will be more competitive in the future as we continue to go forward,” he told the outlet.

Trump himself has continued to push his tariffs as a success. “If I didn’t get elected, you wouldn’t have a steel industry, because, ultimately, every steel mill was closing,” he said earlier this month.

But analysts predict that the industry’s problems will only continue to worsen.

“As steel prices decline, U.S. Steel will likely shut down capacity and focus on a shrinking product portfolio where blast furnaces still have a competitive advantage over electric arcs,” according to analysts at the financial giant UBS.

“Ultimately the steel tariffs did not do what they were designed to do,” Longbow Research analyst Chris Olin told The Detroit Free Press. “It feels like now we are entering what would be almost like a recession in terms of industrial market demand. That is really forcing (steel) companies that are high-cost producers to make decisions.”

Trump’s other economic policies similarly failed to save the industries he vowed to save.

The administration’s China tariffs have largely been passed on to American consumers while the US manufacturing sector fell into a deep recession.

China’s retaliatory tariffs have also hit US farmers hard, leading to a historic increase in farm bankruptcies while Trump uses billions in taxpayer dollars to bail out the farmers whose businesses may be irreparably damaged by his trade war.

Trump has also pushed for coal deregulation in hopes of reviving a dying industry that employs fewer people than the Arby’s fast-food chain. Instead, more than 50 coal plants and eight coal companies have closed entirely since his election.

As a result, many local governments have had to scramble to provide resources for the thousands of families affected by the layoffs and closures. Michigan state Sen. Stephanie Chang said in a statement to the Detroit Metro Times on Friday that the state and city of Detroit will work to ensure that families “have access to the necessary programs and support systems they might need.”

“It is unfortunate that our hardworking men and women are again paying the price for Washington’s detrimental policies,” she said, “that have led to the market conditions US Steel and so many others have been facing.”

Trump promised he was ‘rebuilding and expanding’ steel industry. Turns out, it’s ‘got some real problems’

Trump’s favorite tough-guy theme with his China tariffs is how he’s making “Pennsylvania and USA more prosperous/secure by bringing Steel and Aluminum industries BACK.”

Back in January, he claimed “Tariffs on the ‘dumping’ of Steel in the United States have totally revived our Steel Industry. New and expanded plants are happening all over the U.S. We have not only saved this important industry, but created many jobs. Also, billions paid to our treasury. A BIG WIN FOR U.S.” Then in April, “The forgotten voters of the 2016 Election are now doing great,” he crowed in April. The Steel Industry is rebuilding and expanding at a pace that it hasn’t seen in decades.”

Totally revived! Many jobs! Billions paid! So much for that. The price of steel peaked in the summer of 2018 and has been in decline since. Prices for steel are now lower than they were before the initial tariffs were imposed. Car-making and construction is down, so demand is down and “three of the largest steel companies in the country—U.S. Steel, Fort Wayne-based Steel Dynamics and Nucor—all warned their financial results would be worse than projected in the third quarter.”

“U.S. Steel’s got some real problems,” New York City-based steel industry analyst Charles Bradford said. That’s an understatement. Wall Street analysts predicted it would lose 6 cents a share this quarter. U.S. Steel says it’s going to be 35 cents. “ArcelorMittal’s not doing so well either,” Bradford continued. “The steel industry’s got some real problems.”...

trump tariffs just injected chaos b/c it's complex, diff types from diff counties, some cda?

Fred Harnackrepresents the U.S. Steel Corporation, which ranks 19th on the 2010 Political Economy Research Institute Toxic 100 Air Polluters list.

US Steel lays off Michigan workers a week after Trump bragged ‘business is thriving’

Laura Clawson / Daily KosAugust 20, 2019

Just last week, Donald Trump was bragging about the success of his steel tariffs. This week, U.S. Steel is laying off workers in Michigan—temporarily, but for as long as six months.