Macy's Is Laying Off 10,000. Is It Donald Trump's Fault?

What the lord tweeteth, the lord taketh away. No, that is not, strictly speaking, scripture. But the message very much applies to the soon-to-be primetime presidency of Donald Trump. Over the past weeks of the transition, Trump has proven adept at taking credit via tweet for a series of decisions by multinational companies to invest in factories and hiring in the United States, most recently the announcement by Fiat (which is part of Chrysler Motors) to invest $1 billion to modernize two of its auto plants in Michigan and Ohio. Trump tweeted “it's finally happening,” and linked both that move and last week's announcement by Ford to, as Trump described it in another tweet, “scrap Mexico plant, invest in Michigan due to Trump policies.”