Michigan Motor Vehicle-Related Companies Earnings Increase 7% in 2017, Trump's First Year in Office, vs an Increase of an Average of 54% Per Year For the Last 2 Obama Years in Office (2016 and 2015) and an Increase of 72% Per Year For the Last 4 Obama Years in Office (2013 Through 2016) .......................................................................................

From a review of US SEC filings, there were 19 Motor Vehicle Industry-Related Companies effectively headquartered in Michigan with stock market caps of more than $100 Mil recently, which have December fiscal year ends and which have filed audited annual financial statements consecutively from 2012 through 2017 with the SEC.

These 19 Michigan Cos posted Audited Gold-Standard US GAAP Total Pretax Income From Continuing Operations of $29.286 Bil in annual 2017, Trump's first year in office, an increase of 7% from their similar Total Pretax Income of $27.440 Bil in 2016. 

In Obama’s last two years in office (2015 and 2016), these same 19 Michigan Cos posted Audited Total Pretax Income From Continuing Operations which increased by an average per year of an off-the-charts 54% from their prior year similar earnings.

And in Obama’s last four years in office (2013 through 2016), these same 19 Michigan Cos posted Audited Total Pretax Income From Continuing Operations which increased by an average per year of an even more off-the-charts 72% from their prior year similar earnings.

Nearly all Republicans, a high percentage of Independents and even many perceptive Democrats all agree as a starting point that for US capitalism to work properly, Companies must generate in the aggregate reasonably healthy profits.  And then it is their ethical responsibility to share a fair portion of these healthy profits in some way with both their employees and their stockholders.

It’s clear to me why Obama is now viewed by many as the US Auto Industry President.

My Focus is on Pretax Income Rather Than After-Tax Net Income Because Income Taxes are Simply a Transfer of Financial Wealth Between US Corporations and the US Federal, US State and Foreign Governments.  It Has Nothing Whatsoever to do with Company Operating Performance.

From a review of SEC filings, the chart below shows the Audited Gold-Standard US GAAP Pretax Income (Loss) From Continuing Operations for the Years Ended 2012 through 2017 for these 19 Motor Vehicle Industry-Related Michigan Companies.

				Trump	Obama
				First	Last
				Year	Year	Year	Year	Year	Year
				2017	2016	2015	2014	2013	2012
			Most	Audited	Audited	Audited	Audited	Audited	Audited
Michigan Companies			Recent	Pretax	Pretax	Pretax	Pretax	Pretax	Pretax
Stock Market Caps > $100 Mil	City	State	2017	Income	Income	Income	Income	Income	Income
With December Fiscal Year Ends	HQs	HQs	FYE	(Loss)	(Loss)	(Loss)	(Loss)	(Loss)	(Loss)
				$ mils	$ mils	$ mils	$ mils	$ mils	$ mils
General Motors	Detroit	MI	Dec 17	11,863	12,008	8,371	4,246	7,458	(28,695)
Ford Motor	Dearborn	MI	Dec 17	8,148	6,796	10,252	1,234	14,371	2,005
Lear Corp	Southfield	MI	Dec 17	1,578	1,411	1,081	824	649	679
Ally Financial	Detroit	MI	Dec 17	1,507	1,581	1,393	1,246	357	514
Aptiv plc	Detroit	MI	Dec 17	1,286	1,035	1,013	1,635	1,481	1,372
BorgWarner	Auburn Hills	MI	Dec 17	1,064	943	875	980	869	761
WABCO Holdings	Rochester Hills	MI	Dec 17	653	369	298	357	641	336
Credit Acceptance Corp	Southfield	MI	Dec 17	584	531	475	421	398	343
Penske Automotive Group	Bloomfield Hills	MI	Dec 17	548	508	492	458	372	291
Gentex	Zeeland	MI	Dec 17	532	511	464	415	328	250
Autoliv	Auburn Hills	MI	Dec 17	507	804	676	667	734	669
American Axle	Detroit	MI	Dec 17	340	299	273	177	86	32
Visteon	Van Buren Township	MI	Dec 17	223	161	69	(43)	611	336
Cooper-Standard Holdings	Novi	MI	Dec 17	213	195	153	88	91	67
Tower Intl	Livonia	MI	Dec 17	101	74	62	49	(31)	(14)
Gentherm	Northville	MI	Dec 17	69	111	129	94	46	33
Stoneridge	Novi	MI	Dec 17	53	39	20	(53)	23	(4)
Spartan Motors	Charlotte	MI	Dec 17	16	9	(13)	(1)	(8)	(2)
Superior Industries Intl	Southfield	MI	Dec 17	1	55	35	16	37	34
Total 19 Mich Motor Vehicle-Related Cos				29,286	27,440	26,118	12,810	28,513	(20,993)
Pretax Income % Change vs Preceding Year				7%	5%	104%	-55%	236%
Trump's First Year 2017
….. Pretax Income % Increase 2017 vs 2016				7%
Obama's Last Four-Year Term
….. Pretax Income Avg Per Year % Increase 2016 and 2015				54%
….. Pretax Income Avg Per Year % Increase 2013 through 2016				72%