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re: Economy "Falling of a Cliff"
Posted on 12/16/24 at 8:13 am to RogerTheShrubber
Posted on 12/16/24 at 8:13 am to RogerTheShrubber
quote:Why do we do this?
We are losing the global war because we try way too hard to protect American corporations.
How bad of a situation would it be if we look up in 30 years and we produce absolutely nothing while these other counties produce it all?(cars, chips, energy, etc.)
3
Posted on 12/16/24 at 8:15 am to ReauxlTide222
This is a topic of healthy debate on here. I feel like we are becoming a hallucinated economy, but SFP, Roger, and Abu will probably tell you that that this allows us to concentrate on tech and finance.
Posted on 12/16/24 at 8:16 am to ReauxlTide222
quote:
Why do we do this?
Big Corporations pay politicians to protect their bottom line.
Voters are dumb, and dont realize that we are losing the innovation edge and world markets.
Protectionism hurts small business and protects the bottom line of woke corporations.
Posted on 12/16/24 at 8:17 am to ReauxlTide222
quote:
How bad of a situation would it be if we look up in 30 years and we produce absolutely nothing while these other counties produce it all?(cars, chips, energy, etc.)
If we want competition (Lower prices) and higher quality, we should let Chinese cars compete in this country.
You would see a drastic change in American mfgs in order to compete.
Their cars are better than ours.
Posted on 12/16/24 at 8:20 am to ReauxlTide222
China does not necessarily want to invest in the US on a manufacturing level. They have too many mouths to feed and they have to keep those mouths occupied and the best way is via manufacturing jobs, etc.
China's investments inside CONUS is inside the banking sector, but where they really want a seat is on the agricultural end. China cannot produce anywhere near the amount of food it needs....nor does it have the amount of fuel necessary to keep things going, so you see them frantically going around trying to buy oil on the open market and hoping players like Saudi Arabia take some of the payment in yuan.....which the Saudis quickly rush to convert to dollars because the yuan is heavily manipulated and not traded with any frequency on the level as dollars, euros or the yen.....or even the rupee by volume
China's investments inside CONUS is inside the banking sector, but where they really want a seat is on the agricultural end. China cannot produce anywhere near the amount of food it needs....nor does it have the amount of fuel necessary to keep things going, so you see them frantically going around trying to buy oil on the open market and hoping players like Saudi Arabia take some of the payment in yuan.....which the Saudis quickly rush to convert to dollars because the yuan is heavily manipulated and not traded with any frequency on the level as dollars, euros or the yen.....or even the rupee by volume
Posted on 12/16/24 at 8:20 am to glassart
quote:
Read the article that you posted. It plainly states that the credit debt for men is linked to higher earnings not to unsustainable spending habits. Also, that story is FIVE years old.
You stated that “well over 3/4 of consumer debt is owned by one gender.”
I’d never heard that statistic before so I looked around to see if I could find the data you were referring to. The most recent info I found was an article from February of this year and December of 2023 and both said credit card debt is roughly equal, with men holding slightly more debt, women have more student loan debt, and men have more debt in all other categories.
I simply asked where you got the “well over 3/4 is owned by one gender” stat. I didn’t assume you made it up. But now I am, since you still haven’t posted it.
Posted on 12/16/24 at 8:20 am to RogerTheShrubber
This is rather broad brush. Just look at the micro-nuclear reactor industry. All but one of the five companies driving the market are in the USA...the other in the 51st state of Canada.
Posted on 12/16/24 at 8:22 am to John Barron
quote:
That's Bidenomics
The next 35 days can't go by fast enough.
Posted on 12/16/24 at 8:22 am to Houag80
quote:
This is rather broad brush.
With vehicles it is not.
They are winning and winning big because they are aggressive regarding trade, while we appear to be terrified of it.
Steel and autos are in the hands of the Chinese because we stopped innovating due to high profits with low quality.
Posted on 12/16/24 at 8:23 am to RogerTheShrubber
Democrats didn’t “plan” on losing this year. What a ridiculous take.
Posted on 12/16/24 at 8:24 am to NIH
quote:
Democrats didn’t “plan” on losing this year.
I beg to differ.
Democrats were willing to let a very unpopular Kamala take the fall for the economy.
This post was edited on 12/16/24 at 8:25 am
Posted on 12/16/24 at 8:25 am to RogerTheShrubber
Roger with the hot take.
Posted on 12/16/24 at 8:26 am to NIH
I somewhat agree with SFP that once Biden melted down in the debate, they mailed it in with Kamala and Coach.
Posted on 12/16/24 at 8:27 am to RogerTheShrubber
Democrats were still arguing that the economy was great in November.
Posted on 12/16/24 at 8:27 am to Bunk Moreland
Was Biden an exciting candidate in 2020? They counted on their base to show up as always.
Posted on 12/16/24 at 8:32 am to NIH
quote:
Democrats were still arguing that the economy was great in November.
"Joe's economy" not Kamalas.
No one liked her, including her own leadership.
Posted on 12/16/24 at 8:35 am to RogerTheShrubber
quote:Is this even possible? Our manufacturers would be able to compete with $9000 EVs paying American wages and governmentally forced minimum wage and climate hoops to jump through?
If we want competition (Lower prices) and higher quality, we should let Chinese cars compete in this country. You would see a drastic change in American mfgs in order to compete. Their cars are better than ours.
I don’t have the ability to disagree with you. I just don’t think you’re giving me the entire picture. Like when SVP says Trump is a loser money printer for Covid stuff. Doesn’t seem like a good faith argument.
I also don’t know enough about this to help move the conversation forward, so my bad there.
Posted on 12/16/24 at 8:40 am to RogerTheShrubber
quote:Why doesn’t anyone in the gov take out an hour special and cover this in great detail, showing who is being paid and for what?
Big Corporations pay politicians to protect their bottom line.
I don’t understand how this shite can’t be defeated with transparency.
Posted on 12/16/24 at 8:40 am to ReauxlTide222
quote:
Is this even possible? Our manufacturers would be able to compete with $9000 EVs paying American wages and governmentally forced minimum wage and climate hoops to jump through?
If they can innovate, sure.
People will pay for perceived quality and/or tech advantages. Right now we are below Chinese quality, behind in tech and priced much higher.
quote:
The Chinese vehicles weren't just solidly built, nice to drive and full of impressive technology. They also cost far less than a comparable EV would in the U.S. Here, EVs still tend to be pricier than gas-fueled vehicles, with the average new electric car changing hands for some $56,648 in May.
Caresoft President Terry Woychowski—whose job it is to help car companies understand the competition—said the Chinese cars offer great bang for the buck. The idea that Chinese products are inherently inferior or cheaply made has gone fully out the window.
LINK
We are getting our asses kicked. The US govt also retooled American plants for auto makers and we are still behind.
This post was edited on 12/16/24 at 8:42 am
Posted on 12/16/24 at 8:45 am to Bunk Moreland
quote:To the tune of a billion dollars in campaign donations?
somewhat agree with SFP that once Biden melted down in the debate, they mailed it in with Kamala and Coach.
Did they not tell their money folks?
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