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Ryan on Plant Closing: ‘New Black Monday’

LORDSTOWN, Ohio — U.S. Rep. Tim Ryan, D-13, described today’s announcement by General Motors that it is closing its assembly plant here as a “new Black Monday” facing a new generation.”

Said Ryan in a statement, “GM’s announcement is devastating for the men and women working at Lordstown and everyone here in the Mahoning Valley. For decades, workers have devoted their lives, working day and night, to produce some of the finest cars int he country to General Motors. We fought together to keep GM afloat and the American taxpayers bailed them out when they were on the verge of bankruptcy. Thousands of families have sacrificed to build GM into what it is today. And in return, GM has turned its back on us when we need them the most.

“This is a bad combination of greedy corporations and policy makers with no understanding of economic development. I implore President Trump to keep his word when he came to the Mahoning Valley last year and promised jobs were ‘all coming back.’ They’re all coming back. Don’t move. Don’t sell your house.’ So far, President Trump has been asleep at the switch and owes this community an explanation. We tried to get his attention on this issue two years ago. He promised us that his massive corporate tax cut would lead to dramatic reinvestments in our communities. That clearly is not happening. The Valley has been yearning for the Trump Administration to come here, roll up their sleeves and help us fight for this recovery. What we’ve gotten instead are broken promises and petty tweets. Corporations like General Motors and the president himself are the only ones benefiting from this economy — an economy rigged against workers who are playing by the rules but still not getting ahead.”

COMPREHENSIVE COVERAGE:
GM to Close Lordstown Plant In March
Inside Union Hall, GM Announcement ‘A shot in the Gut’
Amid GM Fallout, Leaders Focus on Next Steps
Workers Face Uncertainty After GM Decision
Chevy Dealers Not Surprised by Cruze Cancellation
Brown Calls GM Decision ‘Corporate Greed’
Ryan on Plant Closing: ‘New Black Monday’
Read Full Text of GM Closings Announcement

Leaders React to Lordstown Closing – WATCH VIDEO

Published by The Business Journal, Youngstown, Ohio.