No mass-market American company wants to be in a feud with the president of the United States. But it’s not clear how President Trump can make good on his bluster about how GM “better damn well” put a new factory in Ohio. That’s the subject of my latest Bloomberg Opinion column.
He’s not going to get congressional support for cutting off subsidies to GM, and there are tight limits on what the executive branch can do on its own — especially when Trump has teed up a challenge to any executive action by signaling it would be designed to target the company.
The executive branch may have too much power, but it still, and thankfully, has less power than some people — apparently including the president — imagine.