The first 100 days
- Thread starter watu05
- Start date
Because that was necessary to stimulate the ecomony. Trade wars (or threatened trade wars and threatened annexation) with countries that we have surpluses with and have been 200 year allies, is not.
If only our (non-Nazi) manufacturers chose to make cars that wouldn’t cost an arm and a leg to run because of their fuel costs and somewhat limited gas infrastructure
No. The Fed was using every tool they had to slow down the economy and get inflation under control. The Biden Admin was doing everything they could to pump more money into the economy because he (well not him he was a potted plant) believed gdp growth and low unemployment numbers were more important than $8 a carton eggs. This was post covid shock. The third stimulus and every spending measure thereafter. Even if you believe the third trillion was necessary, you were still silent on the spending measures afterwards while the Fed was raising rates to tighten the money supply. I talked about this constantly. You never criticized a single measure of the Biden Admin or addressed any concern about inflation even when the same was running well over 8%. Why?
Guess there is the question was Biden and crew actually stupid enough to believe you could inject trillions into an economy already short on goods and not experience severe inflation other than “transitory” or did he do it due to the facts mentioned above? Is that why the fought the Fed the last two years of his presidency?
I could also address the fact that WATU now cares about deficits after four years of silence. I simply don’t understand the lack of self awareness when it comes to hypocrisy . I would be similar to myself all of a sudden not caring about deficits because Pubs control government. Help me understand?
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We’ve been running deficits of $2T per year over the last four years. Did these clowns just say these measures would “explode the debt and risk a serious debt spiral”? What the hell have they been watching the last 4-5 years?
For the record, I’m still against any tax cuts as I’m still focused on getting our fiscal house in order. My policies and focus doesn’t change based on who’s in the White House. Glad to see you back on the deficit train after a four year hiatus
That was there to help minor local manufacturers compete with car brands that were slightly uncompetitive locally because of economies of scale and it was small in %. It will be a relatively small boon to American manufacturers, and a huge loss to local companies.(Citroen and etc)
The brands that are more competitive on the national market really shouldn't be getting this assistance, but they must, to allow the smaller companies to get the assistance. (Volkswagen & etc.) This might threaten the existence of some local companies down the line. I don't see it as being an unfair tariff on the European part. Not fair to local car companies that they get put up ss sacrifices to Trumps bullying. Wonder if certain countries will subsidize some local car brands.
The US places a 2.5% tariff on European car imports. You don’t believe it’s fair their tariff is the same as ours?
No I don't. Due to scale of economies, most brands can't compete with American brands, especially because those American brands have been around so long. Only Volkswagen, Mercedes Benz, Porsche and BMW cars are competitive on the world stage because Germany educates/produces great engineers. Limited edition companies like Jaguar & Land Rover are only competitive because they produce less luxury cars at a higher price point. (Only mentioning British brands because they are in Europe, and recently pulled out of the European Union.)
These are tiny countries competing with a huge country. You can't expect them to produce something so large and costly of a consumer product, with so many material costs as a car and compete with us on their home soil. Asia is another story. Their engineers are on an equal level to Germans. Asia does not have the right to a better tariff rate. If we could separate Germany from Europe, as far as tariffs go, that would be the ideal.
What European auto manufacturers are you specifically worried about? Those you mentioned comprised a vast majority of auto companies in the EU. All are able to compete head to head with their US counterparts. You seem more worried about a few small auto companies in Europe than the health of the US auto industry. Having equal tariffs on like kind exporters/importers (US / EU) is seldom a bad idea imo.
Italian brands like Alpha Romeo, Fiat, etc. Spanish brands like Hispano-Suiza. Quadro(Swedish), Zenvo(Danish), Magna Steyr(Austrian), Revoz DD(Slovenian), Rimac(Croation), Donkervoort(one of many Dutch brands), etc. US auto industry is plenty healthy.
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