Trump Administration Predictions (4 Viewers)

[RogerCooper]

So are there any US cars being manufactured in Europe, Japan etc ?

General Motors sold their European operations when they went bankrupt. Ford has never manufactured outside the US. Chrysler is European-owned. Tesla manufactures in China.

Plenty of foreign cars are made in the US. Toyota is the largest car manufacturer.

The blame here lies with an American tariff, the so-called Chicken Tax https://en.wikipedia.org/wiki/Chicken_tax. This made imports of light trucks and SUV's more expensive. American car companies raised their prices and focused on the more profitable light truck/SUV market at the expense of sedans. Japanese car-makers came out with better, cheaper vehicles and came to dominate the market for sedans.

 

[AngelSpeaks]

General Motors sold their European operations when they went bankrupt. Ford has never manufactured outside the US. Chrysler is European-owned. Tesla manufactures in China.

Plenty of foreign cars are made in the US. Toyota is the largest car manufacturer.

The blame here lies with an American tariff, the so-called Chicken Tax https://en.wikipedia.org/wiki/Chicken_tax. This made imports of light trucks and SUV's more expensive. American car companies raised their prices and focused on the more profitable light truck/SUV market at the expense of sedans. Japanese car-makers came out with better, cheaper vehicles and came to dominate the market for sedans.

Not true about Ford. They manufacture in several countries. https://en.m.wikipedia.org/wiki/Ford_Motor_Company

 

[AngelSpeaks]

GM also manufactures in other countries. https://en.m.wikipedia.org/wiki/General_Motors

 

[AngelSpeaks]

So the Chicken Tax was President Johnson's response to tariffs placed on American exports. Foreign companies built plants in the US to get around it. Much like what's happening now.

 

[RogerCooper]

GM also manufactures in other countries. https://en.m.wikipedia.org/wiki/General_Motors

Good point, but when they had Opel, they made more cars in Europe. Most car companies now operate in North America, Europe and East Asia. A global business based upon global trade.

 

[AngelSpeaks]

Good point, but when they had Opel, they made more cars in Europe. Most car companies now operate in North America, Europe and East Asia. A global business based upon global trade.

Agreed, Roger. Are you old enough to know why Japan started building in the US? Americans were bashing the Japanese because of unfair trade and they responded by building in America. I remember those days.

 

[RogerCooper]

Agreed, Roger. Are you old enough to know why Japan started building in the US? Americans were bashing the Japanese because of unfair trade and they responded by building in America. I remember those days.

I remember. The Japanese companies did even better after they started building in the US (as did the American consumers).

The advantage was that the Japanese companies (especially Toyota) had better cars for less money. Critical parts of Japanese-American cars are still made in Japan. The Japanese cars were better because the US had abolished Japan's aviation industry during the occupation, so the best engineers in Japan went into the auto industry while the best engineers in the US went into aerospace.

 

[Pat Hartman]

But I had the actual information. I know how much the spent on it, and how many people they dedicated to it, and what the procedures were to deal with it.

Large companies encourage regulation? Why? They can afford the overhead and the startups that are trying to gain a foothold cannot.

 

[Pat Hartman]

What are you going to say when the coming great depression wipes out your life's savings and Trump Co kills the entire global economies?
Is there a threshold for your support?

So how much is the money you pulled out of your investment account earning? My bank is advertising a whopping 1%. Try to keep up with inflation on that.

 

[The_Doc_Man]

You'll come around, and paraphrasing to make a point is something I have come to expect from Pat, please don't descend to her level. One of her is enough for any 20 conversations.

One of you is MORE than enough for this conversion. Ah, that we would be so lucky as to reach the optimum number.

 

[Thales750]

One of you is MORE than enough for this conversion. Ah, that we would be so lucky as to reach the optimum number.

I know, having someone challenge your deeply held beliefs can be uncomfortable. Especially when your subconscious mind has already decided it's time for an epiphany. People tend to double down when they discover the level of deception that has been ruling their thinking for so long.

You'll come around, your people are bringing the country down around your ears, wake up Doc the sky is actually falling. There's a madman at the helm.

 

[Thales750]

Large companies encourage regulation? Why? They can afford the overhead and the startups that are trying to gain a foothold cannot.

It was a small private company highly specialized. They had to jump through hoops to keep from killing off the local neighbors.
The only thing that stopped them was OSHA and the EPA.

 

[Pat Hartman]

They had to jump through hoops to keep from killing off the local neighbors.

You mean they actually wanted to kill the locals but it was only the government that stopped them? I guess that's what you get from companies that wantonly hire illegal aliens.

 

[Thales750]

I remember. The Japanese companies did even better after they started building in the US (as did the American consumers).

The advantage was that the Japanese companies (especially Toyota) had better cars for less money. Critical parts of Japanese-American cars are still made in Japan. The Japanese cars were better because the US had abolished Japan's aviation industry during the occupation, so the best engineers in Japan went into the auto industry while the best engineers in the US went into aerospace.

That is not entirely accurate, in fact, it's full of holes.
After WWII the Japanese focused on building cars that where more like go carts, chain driven and barely had suspensions. etc.

When you say Japanese cars are better, they were certainly less expensive to maintain. Otherwise, by many other metrices the were not superior.
One of the major factors in their growth was an American named W. Edwards Deming. He helped them sort out quality standards and control.

This is interesting, Toyota and Volkswagen, the two largest car makers have completely different demographics. Toyotas are one of the most reliable, and Volkswagens one of the least.

 

[RogerCooper]

So how much is the money you pulled out of your investment account earning? My bank is advertising a whopping 1%. Try to keep up with inflation on that.

What is your threshold Pat? You have asked to ignore the increasing deficits during his first term, the continuing resolution he actually signed, the stock market slump since he started his trade war and his numerous violations of the Constitution. Why do give Trump so many chances? Is there anything which could convince that Trump is a failure?

On the electoral side, what is you excuse for the poor performance of the Republican candidates in the recent special elections? Who will you blame when the Republicans lose the House in 2026?

 

[Thales750]

I guarantee FedEx abides by more federal regulations than the federal reserve, just saying.

And yet the FED has done more than any President in keeping the economy stable.

 

[RogerCooper]

That is not entirely accurate, in fact, it's full of holes.
After WWII the Japanese focused on building cars that where more like go carts, chain driven and barely had suspensions. etc.

When you say Japanese cars are better, they were certainly less expensive to maintain. Otherwise, by many other metrices the were not superior.
One of the major factors in their growth was an American named W. Edwards Deming. He helped them sort out quality standards and control.

This is interesting, Toyota and Volkswagen, the two largest car makers have completely different demographics. Toyotas are one of the most reliable, and Volkswagens one of the least.

A took a while for the Japanese to catch up in quality. By the 1980's, they were generally better which was when I started driving them.

 

[Pat Hartman]

You have asked to ignore the increasing deficits during his first term,

So COVID didn't happen. The extra expense was totally the fault of Trump. Is that what you really think? I guess that's the kind of thinking that comes out of TDS. And then there's the fact that it is the House creates the funding bills and the President signs them or not. Trump really disappointed me during his first term when he didn't allow the government shut down to play out. He caved and signed the funding bill. So don't talk to me about over spending being Trump's fault.

Who will you blame when the Republicans lose the House in 2026?

The Republicans.

 

[Pat Hartman]

And yet the FED has done more than any President in keeping the economy stable.

Don't kid yourself. The FED's job is to take care of the member banks. There is nothing "federal" about it and it has no fiduciary responsibility to the American people. The FED was created by and for the benefit of the wealthy.

 

[RogerCooper]

So COVID didn't happen. The extra expense was totally the fault of Trump. Is that what you really think? I guess that's the kind of thinking that comes out of TDS. And then there's the fact that it is the House creates the funding bills and the President signs them or not. Trump really disappointed me during his first term when he didn't allow the government shut down to play out. He caved and signed the funding bill. So don't talk to me about over spending being Trump's fault.

The Republicans.

Here is the pre-COVID deficit in millions. Increased 400 billion dollars from Obama's last year. Didn't Trump cave and sign a big spending bill 2 months ago? And last week Trump cancelled a regulation that would have saved Medicare $10 billion on advanced (and unneeded) skin bandages. Maybe next week Trump and the Republican Part will become interested in actual fiscal responsibility.

Source: https://fred.stlouisfed.org/series/FYFSD

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