I guess we get to bail out GM now, too.
But, I thought “Tariffs are the greatest!” and “Trade Wars are easy to win.”
That’s what I was told … by some fucking moron.
And that fucking moron has another fucking moron who’s trying to convince everyone that everything will be cool in a few months, no worries…
“You have to save the car industry in this country. General Motors can be great again. Ford can be great again. And Chrysler could be great.”
— The Stable Genius, as a “businessman”
“I think the government should stand behind them 100 percent. You cannot lose the auto companies. They’re great. They make wonderful products.”
— The Stable Genius, again, as a “businessman”
“You could have let it go, and rebuilt itself, through the free enterprise system. You could have let it go bankrupt, frankly, and rebuilt itself, and a lot of people felt it should happen. Or you could have done it the way it went. I could have done it either way. Either way would have been acceptable. I think you would have wound up in the same place.”
— The Stable Genius, as a “candidate”
One of the most mystifying comments I hear again and again is that Trump must know what he is doing because he is a great businessman. The ongoing insanity and stupidity surrounding this guy is mind-numbing.
This is where the first effects of the tariffs will be felt, in the projections for the rest of the year. Publicly traded companies have to take things like this into account and base their business decisions on them, they can’t just ignore them or try to gaslight Americans with how great tariffs are. Trump will rail against these kinds of statements as the words of losers, but it’s very likely that the trade war will show how wrong he is.
Trump and the Republicans have made it a political point that bailing out the auto industry was a bad thing, simply because Obama did it. We’ll soon see if they change their tune, as the US auto industry will start declining and hemorrhaging jobs; they will be forced to choose between the auto industry crashing or bailing it out like the farmers.
Probably not. Obama did it once and you know what that means.
The auto industry is the poster child of successful international trade. Ford and GM are true multi-national companies who trade with other multi-national corporations. What Trump doesn’t realize is his tariffs are just going to drive up auto prices across the board. Nobody doing business in the United States is going to benefit.
Trump’s understanding of the world is stuck in the 1950s. Seventy years later manufacturing is truly a global activity. If Trump wants a bigger piece of the global manufacturing pie he needs to develop and promote a genuine industrial policy like the Europeans, Japanese and Chinese long ago embraced. Instead we are being screwed by a laissez-faire (almost faith based) capitalism that allows our competitors to out compete us on a regular basis.
Obama did it and every dealership I saw had Republican yard signs up. I say let die this time
It looks like MAGA involves lowered profits and expectations, then billions in welfare.
General Motors Co. (NYSE: GM) reported sales of 4.04 million vehicles in China in 2017, a third more than the 3.002 million the company sold in the United States. Included in the total for China are sales of Buick, Cadillac and Chevrolet brands, as well as sales made by the company’s joint ventures with China-based automakers Wuling and Baojun.
2017 marks the sixth consecutive year that China has been GM’s top market. Sales of the Cadillac, Buick and Baojun brands set new domestic sales records.
#trumpgrets?
I bet a month’s pay that this fucking leopard food voted for the leopards.
My company builds a lot of stainless steel equipment for food companies and man I hope Donald doesn’t fuck things up for my job situation like Bush did in 2008!
On Monday, the Ministry of Plenty announced it was thinking of having to cut the chocolate ration from ten grams to five.
On Tuesday, spontaneous demonstrations broke out all over Oceania praisng Big Brother for raising the chocolate ration to five grams.
I realized just how important China is to GM when GM chose to close Pontiac instead of Buick. Pontiac was always more popular in America than Buick but Buick is the number one seller in China. For GM the choice was a no-brainer.
Oh, but not just any fucking moron.
The bigliest, dumbliest, fuckliest moron of them all.
Lyingliest, also too.