Biden’s economy

[Anonymous]

Anonymous wrote:Big Lots files for bankruptcy.

https://cdn.prod.website-files.com/66c741bffcbdefa71ddd84c8/66de632f8945e61eaf0d18c9_Big%20Lots%2C%20Inc.%20Enters%20Into%20Sale%20Agreement%20With%20Nexus%20Capital%20Management%20LP.pdf

Yeah. I am surprised it lasted this long. Walmart and Amazon have put a lot of these type of stores out of business. Big Lot lasted longer than its expiration date. It should have gone out when Ames, Kmart etc failed and bankrupted.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Big Lots files for bankruptcy.

https://cdn.prod.website-files.com/66c741bffcbdefa71ddd84c8/66de632f8945e61eaf0d18c9_Big%20Lots%2C%20Inc.%20Enters%20Into%20Sale%20Agreement%20With%20Nexus%20Capital%20Management%20LP.pdf

Yeah. I am surprised it lasted this long. Walmart and Amazon have put a lot of these type of stores out of business. Big Lot lasted longer than its expiration date. It should have gone out when Ames, Kmart etc failed and bankrupted.

+1 I buy a ton of stuff at discount stores and the entire point of Big Lots has puzzled me forever.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Probably has something to do with Harris saying she is going after those companies that price gouge on food. The gig is up for them.

Probably a mix of commodity price declines and the threat of price gouging investigations. Sometimes the threat is enough to have an impact.

[Anonymous]

[Anonymous]

Oh look! You progressives won the UAW strike last year. Now what?


Union autoworkers won big after striking. A year later, some face an uncertain future
September 13, 2024

TOLEDO, Ohio — For months last year, United Auto Workers president Shawn Fain had warned the Big 3 automakers that September 14 was not a suggestion, but a deadline.

After failing to reach new contracts by the stroke of midnight, he kept his word, calling on workers at three major assembly plants to walk off the job.

Now a year later, there’s no doubt autoworkers at Ford, General Motors and Stellantis, formerly Chrysler, are earning more money. For some, significantly more.

At the same time, Stellantis workers say they face a highly uncertain future, with little faith that their new record contracts, achieved after a painful six-week strike, will keep their jobs intact.

More: https://www.npr.org/2024/09/13/nx-s1-5101588/united-auto-workers-uaw-big-3-stellantis

[Anonymous]

Anonymous wrote:Oh look! You progressives won the UAW strike last year. Now what?


Union autoworkers won big after striking. A year later, some face an uncertain future
September 13, 2024

TOLEDO, Ohio — For months last year, United Auto Workers president Shawn Fain had warned the Big 3 automakers that September 14 was not a suggestion, but a deadline.

After failing to reach new contracts by the stroke of midnight, he kept his word, calling on workers at three major assembly plants to walk off the job.

Now a year later, there’s no doubt autoworkers at Ford, General Motors and Stellantis, formerly Chrysler, are earning more money. For some, significantly more.

At the same time, Stellantis workers say they face a highly uncertain future, with little faith that their new record contracts, achieved after a painful six-week strike, will keep their jobs intact.

More: https://www.npr.org/2024/09/13/nx-s1-5101588/united-auto-workers-uaw-big-3-stellantis

Uh, the unions negotiated contracts that got them better benefits. The companies still need to produce. Are you not supportive of stronger labor protections? Oh that's right. You're not. The free market will work itself out and workers can be exploited, child labor laws can be revoked, overtime/benefits/OSHA cut. You MAGAs forget that it was progressives and unions that delivered the benefits that you enjoy today, moron. Maybe go back and read The Jungle to see what work was like for most workers before progressives and unions.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Oh look! You progressives won the UAW strike last year. Now what?


Union autoworkers won big after striking. A year later, some face an uncertain future
September 13, 2024

TOLEDO, Ohio — For months last year, United Auto Workers president Shawn Fain had warned the Big 3 automakers that September 14 was not a suggestion, but a deadline.

After failing to reach new contracts by the stroke of midnight, he kept his word, calling on workers at three major assembly plants to walk off the job.

Now a year later, there’s no doubt autoworkers at Ford, General Motors and Stellantis, formerly Chrysler, are earning more money. For some, significantly more.

At the same time, Stellantis workers say they face a highly uncertain future, with little faith that their new record contracts, achieved after a painful six-week strike, will keep their jobs intact.

More: https://www.npr.org/2024/09/13/nx-s1-5101588/united-auto-workers-uaw-big-3-stellantis

Uh, the unions negotiated contracts that got them better benefits. The companies still need to produce. Are you not supportive of stronger labor protections? Oh that's right. You're not. The free market will work itself out and workers can be exploited, child labor laws can be revoked, overtime/benefits/OSHA cut. You MAGAs forget that it was progressives and unions that delivered the benefits that you enjoy today, moron. Maybe go back and read The Jungle to see what work was like for most workers before progressives and unions.

Their new salaries and benefits produce vehicles at a price point they cannot sell.

Detroit continues to layoff workers, close facilities and move manufacturing overseas. Good job democrats! You won the war and put all your constituents on unemployment and welfare.




https://caredge.com/guides/new-car-inventory-2024

[Anonymous]

"The companies still need to produce. "

Hullo. They're producing. No one is buying their product.

Did you miss that part?

[Anonymous]

Ford just reported a massive loss on every electric vehicle it sold

https://www.cnn.com/2024/04/24/business/ford-earnings-ev-losses/index.html

"New York CNN — Ford’s electric vehicle unit reported that losses soared in the first quarter to $1.3 billion, or $132,000 for each of the 10,000 vehicles it sold in the first three months of the year, helping to drag down earnings for the company overall. "

- - -

Meanwhile from the Biden administration's ivory towers, they're barking orders to make even more EVs. 50% EV by 2030 ... and they aren't selling.

https://www.nytimes.com/2021/08/05/business/biden-electric-vehicles.html

"President Biden sets a goal of 50 percent electric vehicle sales by 2030."

[Anonymous]

Anonymous wrote:"The companies still need to produce. "

Hullo. They're producing. No one is buying their product.

Did you miss that part?

Produce as in develop a marketable product at a competitive price. If unions are breaking automakers, then why are BMW and Mercedes so rich? Because the end product still matters, moron.

https://www.yesmagazine.org/issue/poverty/2014/08/29/why-are-bmw-and-mercedes-so-rich

[Anonymous]

Anonymous wrote:Ford just reported a massive loss on every electric vehicle it sold

https://www.cnn.com/2024/04/24/business/ford-earnings-ev-losses/index.html

"New York CNN — Ford’s electric vehicle unit reported that losses soared in the first quarter to $1.3 billion, or $132,000 for each of the 10,000 vehicles it sold in the first three months of the year, helping to drag down earnings for the company overall. "

- - -

Meanwhile from the Biden administration's ivory towers, they're barking orders to make even more EVs. 50% EV by 2030 ... and they aren't selling.

https://www.nytimes.com/2021/08/05/business/biden-electric-vehicles.html

"President Biden sets a goal of 50 percent electric vehicle sales by 2030."

Or maybe because it's a crappy product. But of course, it's the President's and progressives and union's fault. It's never crappy management or the MBAs who are great at cutting costs but usually not very good at developing products.

[Anonymous]

Anonymous wrote:

Anonymous wrote:"The companies still need to produce. "

Hullo. They're producing. No one is buying their product.

Did you miss that part?

Produce as in develop a marketable product at a competitive price. If unions are breaking automakers, then why are BMW and Mercedes so rich? Because the end product still matters, moron.

https://www.yesmagazine.org/issue/poverty/2014/08/29/why-are-bmw-and-mercedes-so-rich

Hey dickhead, you set an artificial price on labor. Now the product can't back it. Do you understand that?

[Anonymous]

Anonymous wrote:

Anonymous wrote:Ford just reported a massive loss on every electric vehicle it sold

https://www.cnn.com/2024/04/24/business/ford-earnings-ev-losses/index.html

"New York CNN — Ford’s electric vehicle unit reported that losses soared in the first quarter to $1.3 billion, or $132,000 for each of the 10,000 vehicles it sold in the first three months of the year, helping to drag down earnings for the company overall. "

- - -

Meanwhile from the Biden administration's ivory towers, they're barking orders to make even more EVs. 50% EV by 2030 ... and they aren't selling.

https://www.nytimes.com/2021/08/05/business/biden-electric-vehicles.html

"President Biden sets a goal of 50 percent electric vehicle sales by 2030."

Or maybe because it's a crappy product. But of course, it's the President's and progressives and union's fault. It's never crappy management or the MBAs who are great at cutting costs but usually not very good at developing products.

[Anonymous]

Ford’s electric vehicle unit reported that losses soared in the first quarter to $1.3 billion, or $132,000 for each of the 10,000 vehicles it sold in the first three months of the year,

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:"The companies still need to produce. "

Hullo. They're producing. No one is buying their product.

Did you miss that part?

Produce as in develop a marketable product at a competitive price. If unions are breaking automakers, then why are BMW and Mercedes so rich? Because the end product still matters, moron.

https://www.yesmagazine.org/issue/poverty/2014/08/29/why-are-bmw-and-mercedes-so-rich

Hey dickhead, you set an artificial price on labor. Now the product can't back it. Do you understand that?

Oh, it looks like I touched a nerve. I've actually worked closely with these companies and know firsthand how terrible their management is. But you don't like inconvenient facts, do you? Must be the "unions fault" and not the MBAs who don't know how to develop profitable products.