Like I said, best to keep the adults involved in economic issues and let liberals tell us what movies to watch.
Wild Snorlax wrote:
LessThanTolerant wrote:Trump firing a warning across Toyota's bow is in fact a wise action. We saw Ford, Boeing, LHM, Carrier and Black & Decker respond.
I thought conservatives were all about free markets and not picking winners and losers? Will the Bronze Blowhard lobby Congress to put tariffs on his foreign made ties and shirts? Doubt it.
What of the US manufacturers that are already shipping product across the border, under the legally binding NAFTA agreement? Will the cost of a Ford Fusion now go up 35%? The question remains if the Republicans in Congress, including free trade champion Paul Ryan, will grow a pair and stand up to Trump. LTT, our 401Ks hang in the balance.
Free Markets, picking winners and losers are all buzz words to those unaware of sound economic models. NAFTA has been a failure, for America and Mexico.
I built several plants in Mexico, I can tell you from experience why they failed.
But like any decision, once it's made, one should analyze the results of it and modify the decisions moving forward. We now know NAFTA was in fact a failure, so we should not reproduce it, as is the case of TPP. Here are a few simple analysis for you to try to understand.http://www.coha.org/the-failures-of-nafta/https://www.techdirt.com/articles/20131 ... ents.shtml
Now let's see, pick winners and losers, I use that illustrious example of Green Energy, the silly liberals thought spending over a half billion dollars on a solar power production facility was a great idea. Was it? Let's see:
Solyndra's business model was the following:
Build a state of the art plant which paid on average $18 an hour for production of solar products. Their competition? China, which built similar products in a facility which averaged less than $18 a day. So, China could manufacture and ship their product to America cheaper than America could in the states. Know how? Lower labor costs, no regulations and state provided funding for cost loss control.
Result? Solyndra fails, American taxpayers loses over 800 million dollars in investment. By the way, my company made over $5 million in profits off of Solyndra.
How did such a business model get approved by idiots in government? Liberals of course, see, that's why they should only be allowed to tell us what movies to see. https://www.washingtonpost.com/politics ... 049c8c65e2
In answer to your question, should Ford have a tariff on their Mexican manufactured vehicles? Yes. But, better yet, let business look at an economic model which allows them to manufacture here.
Know how to do that?
Cut stupid government required wages, labor, and environmental regulations.
Will our 401K's suffer, probably, if you are stupid enough to not do your due diligence to modify them to meet the new business models coming.
Your silly snarky comment about his shirts and ties just shows your minimal knowledge of finance and economic.
Just tell what movies you recommend, if I like them, I might go watch them.