I think many of us believe in free enterprise. I do not believe in free markets. That, for me, died somewhere around 2006. While long a believer that free markets could lift billions out of poverty, it is nothing of the sort. Free markets do not exist. Like most things of value, hard work and time are required to produce FAIR markets.
I see no value in the continued offshoring of American wealth. While Walmart may be able to produce low prices, they appear unable to produce jobs or wealth outside their own little fiefdom. Same goes Nike. Except Nike doesn't even have the benefit of low prices. They do however put decent uniforms on the players of Oregon...................
Simply put, I do NOT favor a trade war. I do not advocate socialism. I do favor free enterprise.
I also know that ALL the children of well paid union shops (which does not take away from other children) from 1950-2000 were ESSENTIAL to the ongoing creation of intellectual property in this country. They have filled our Colleges and Universities.
Those job have shrunk by the millions. Just look at the fool on this board who brags about the loss of those jobs.
What to do? Well wishing won't help. But perhaps trade agreements that abolish trade imbalances after a period of time might. Pick a number. How about 10 years of allowed deficits and after 20 years, all must vanish or tariffs???? Sound reasonable? How freaking difficult does this have to be? This is PATHETIC that we offshore our wealth for a generation. Tariffs and the threat of them might need to be used. I have no problem with trade deficits in the pure economic sense. I have a problem with PERSISTENT trade deficits and mercantilism.
Caddy has a bumper problem? uh, No. Ridiculous. (BTW, had zero issues, ever, on my V Series when I sold it with 93,000 miles. Zero issues ever)
Does BMW ever have a car know (sic) for pieces to fall off?
Why yes, they do. BMW simply refuses to recall their junk. My 3 Series' rear coil springs literally sheared away from the car. The car was purchased new. Extremely well maintained as well. I'm not the only owner who had this issue. Additionally, you'd think BMW would learn not to use Plastic parts in their cooling system (overflow bottles and water impellers). Doggone BMW stranded me dead three times!! As it did to to very many. Old news.
The dirty truth of BMW. BMW owners break into a cold sweat when their warranty expires OR they just sell the car at warranty expiration or turn in the lease to avoid that feeling.
You may not want to believe this, but Cadillac routinely trounces bmw, BADLY, on many levels nowadays.
post a link to your story. until then you are a liar. I see you accusing others of lying? What a joke.
If I am wrong, I will retract my statement. I saw no news. If there was no news and you posted this, you'd better get checked out.........................
Well the situation changes all the time. As far as GM goes, bought more on that stupid sell off after the earnings release. Well too. 30.85-31.03..... cut 70 percent just under 32 a number of days ago and sit with the rest right here.
China news is significant. However so is other news. GM posted NO LOSS in Europe for probably the first time in 15 years. This is great news and the work being done there is finally paying dividends. Situation in China is real. Won't say more than that and I think the market is right to show concern. We'll see.
Bottom line. Trade deals being done in an environment like this are ephemeral. Vapor. Nothing. With very good reason, we are not passing the TPP. The world continues to look to the next guy to figure it out and fix it (ie exports). We can't fix it. We are dealing with dishonest brokers. They cannot be fixed. Obfuscate, lie, deny, deflect are the operative norms. Sound cynical? Umm, 500 billion in trade imbalances later disproves that. Just the way it is. Some things never change.
You post this on a Gm message board? As if you would not run into car people who would know you as a first rate tool??
Again, perfect!!! You have NO idea how terrific the Hudson was. So you post your ignorance.
Engineered well. Winner of many races including the Daytona a few times (correct me if I'm wrong)
Growing up, a neighbor collected them. Beautiful cars.
More lies. More deflection. Were you paid per reply, your relies would reflect that. They do not.
Who pays you? Why do you post as you do?
here is what is real. you are paid too much. you have zero command of the facts. You and your boiler room handler should both be fired.
Nice insight, pretty cool. I cannot fathom how Penske is allowed that much leeway. Sounds like a chance for someone to make money of it is as you say.
Well done. You deserve thumbs up, and so you received it from me. You have proven, yet again, that you have no imagination, nor scruples of any sort. I can only applaud that kind of effort.
Each and every one of your posts adds to your legacy of bilge. Perfectly executed.
Sure, be glad to share my two cents. I've seen some posts by you that indicate you are more knowledgeable than you let on. But I have a question for you first.
Who pays you to post here? What lobby, government, company pays you to show up here and post as you do?
LAHAINA, Hawaii (Reuters) -" Pacific Rim trade ministers failed to clinch a deal on Friday to free up trade between a dozen nations after a dispute flared between Japan and North America over autos, New Zealand dug in over dairy trade and no agreement was reached on monopoly periods for next-generation drugs."
$500-$600 BILLION/year(!!!) of trade imbalances. Over $450 BILLION come from China, Japan, Mexico and South Korea! In that order.
There had better be some hand wringing and anxiety. Enough already. End the trade imbalances. Now.
As an economic idea or ideal, comparative advantage fails. It CAN work, but not with the present foreign political environment. The offshoring of American wealth must stop. Had to post this when I saw the headline..........
I'm more wondering who your pals are. Less concerned with Cramer's, whether a GM investor or not.
Trust me, you are the concern, not him.