Biden’s economy

[Anonymous]

Anonymous wrote:

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.

Or maybe you priced your labor right out of business. Do you expect MBAs and management to create a car that can operate at your idiotic labor rates? It's an unrealistic expectation.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

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.

Or maybe you priced your labor right out of business. Do you expect MBAs and management to create a car that can operate at your idiotic labor rates? It's an unrealistic expectation.

Mercedes and BMW have done it. Well engineered luxury cars that also pay generous benefits. Imagine that!

[Anonymous]

Anonymous wrote:

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.

No, you actually haven't. You're just lying to recover credibility now based on your asinine assumption that cars can be created according to your labor pricing out of thin air.

Now your ieology is failing and you're trying to keep the music going. Onward to Asia!

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

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.

Or maybe you priced your labor right out of business. Do you expect MBAs and management to create a car that can operate at your idiotic labor rates? It's an unrealistic expectation.

Mercedes and BMW have done it. Well engineered luxury cars that also pay generous benefits. Imagine that!

Much of their product is also manufactured in Asia. Oh, you didn't get the memo, huh?

[Anonymous]

Anonymous wrote:

Anonymous wrote:

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.

No, you actually haven't. You're just lying to recover credibility now based on your asinine assumption that cars can be created according to your labor pricing out of thin air.

Now your ieology is failing and you're trying to keep the music going. Onward to Asia!

You have no idea who I am. Or maybe it's Boris? I clearly touched a nerve because you don't like being confronted with inconvenient facts. You should go touch some grass and take your heart medication before you break something.

[Anonymous]

Anonymous wrote:
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.

One reason EVs don’t sell as well as IC cars is that we’re still subsidizing the burning of gasoline to the tune of about a dollar a gallon since we can’t price in the externalities of CO2 emissions. If we actually had to pay what the gas-powered cars truly cost to run we’d buy a lot more EVs.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

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.

Or maybe you priced your labor right out of business. Do you expect MBAs and management to create a car that can operate at your idiotic labor rates? It's an unrealistic expectation.

Mercedes and BMW have done it. Well engineered luxury cars that also pay generous benefits. Imagine that!

Much of their product is also manufactured in Asia. Oh, you didn't get the memo, huh?

As Mund concludes, “We have strong unions, we have strong social security systems, we have high wages. So, if I believed what the neo-liberals are arguing, we would have to be bankrupt, but apparently this is not the case…the economy is working well in Germany.”

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

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.

No, you actually haven't. You're just lying to recover credibility now based on your asinine assumption that cars can be created according to your labor pricing out of thin air.

Now your ieology is failing and you're trying to keep the music going. Onward to Asia!

You have no idea who I am. Or maybe it's Boris? I clearly touched a nerve because you don't like being confronted with inconvenient facts. You should go touch some grass and take your heart medication before you break something.

You have no facts.

[Anonymous]

Anonymous wrote:

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

Ford, Jeep, GMC inventory. Holy gronk.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

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.

No, you actually haven't. You're just lying to recover credibility now based on your asinine assumption that cars can be created according to your labor pricing out of thin air.

Now your ieology is failing and you're trying to keep the music going. Onward to Asia!

You have no idea who I am. Or maybe it's Boris? I clearly touched a nerve because you don't like being confronted with inconvenient facts. You should go touch some grass and take your heart medication before you break something.

You have no facts.

I actually helped restructure many of these companies, moron. I know far more than you'd think.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

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

Ford, Jeep, GMC inventory. Holy gronk.

Uh, the automotive sector including the OEMs, their suppliers, the dealers and the end customer is highly, highly, sensitive to interest rates. You want to know why there are issues? It's because it's expensive to finance the construction of new cars, it's expensive to hold inventory on lots, and it's expensive to finance a new car purchase.

[Anonymous]

Gotta love how democrats go down swinging as they destroy industry after industry.

[Anonymous]

Anonymous wrote:

Anonymous wrote:
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.

One reason EVs don’t sell as well as IC cars is that we’re still subsidizing the burning of gasoline to the tune of about a dollar a gallon since we can’t price in the externalities of CO2 emissions. If we actually had to pay what the gas-powered cars truly cost to run we’d buy a lot more EVs.

My next
Vehicle is a hybrid. I think those are fast selling and it’s difficult to find a
Used hybrid because they jump off the lot quickly. Will not get an all Ev vehicle. Outside of big city metro areas, you have to search for charging stations. I guess they are good for driving around and about, but I would not trust driving long distance. With that said, I do believe they will figure this out within the next ten to twenty years, which would be great for Gen Z and younger Millennials.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:
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.

One reason EVs don’t sell as well as IC cars is that we’re still subsidizing the burning of gasoline to the tune of about a dollar a gallon since we can’t price in the externalities of CO2 emissions. If we actually had to pay what the gas-powered cars truly cost to run we’d buy a lot more EVs.

My next
Vehicle is a hybrid. I think those are fast selling and it’s difficult to find a
Used hybrid because they jump off the lot quickly. Will not get an all Ev vehicle. Outside of big city metro areas, you have to search for charging stations. I guess they are good for driving around and about, but I would not trust driving long distance. With that said, I do believe they will figure this out within the next ten to twenty years, which would be great for Gen Z and younger Millennials.

Yes, range anxiety is a network issue and classic chicken and the egg problem. The hope is that over the next decade or so, there will be sufficient universal charging stations through the support of the Federal government. This is exactly the kind of issue the Federal government should fund and subsidize.

[Anonymous]

Anonymous wrote:Gotta love how democrats go down swinging as they destroy industry after industry.

Citation please?