Batteries cost more than the car
- Thread starter BillytheC
- Start date
Does this help everyone to understand WHY the push to EV's? Politicians WANT TO BE PAID! No more so than Brandon and family
www.foxbusiness.com
Ford suddenly pauses massive EV battery project that Republicans are probing over CCP ties
Ford Motor Company is backtracking on a billion-dollar project that it has received heavy criticism for over its ties to a Chinese battery company.
I saw that. With their new labor contract the shift to EV is going to be very perilous.Does this help everyone to understand WHY the push to EV's? Politicians WANT TO BE PAID! No more so than Brandon and family
Ford suddenly pauses massive EV battery project that Republicans are probing over CCP ties
Ford Motor Company is backtracking on a billion-dollar project that it has received heavy criticism for over its ties to a Chinese battery company.
Between rising labor costs (unionization) and forced offlining of fuel powered cars, the big three will continue to shrink.
I would have solved this union problem decades ago. They would be told in no uncertain terms that I would move the plants down south in non union areas before I cave in to their demands. In the long run, that is what needs to be done for their survival anyway. The imports already do this. And they pay less money to build their vehicles.
Anyway, I will Nostradamus the ending of this strike for everyone. I have been through every one of these since the 80's in this business. they end exactly the same way...every time. The big three go in to the strike brakking about their war chest and ability to outlast the unions. The unions eventually stop all building, all deliveries of vehicles, parts to fix their vehicles etc. The dealerships run totally out of inventory, and the big 3 cave in and give them EVERYTHING they asked for originally, or something VERY close to it. Although this strike is a BIT different( union fear of EV's) it will end very close to the way I described here.
I wrestle with unions and here is why - Car companies are an oligopoly and as I have stated, I fundamentally distrust concentrations of power and can point to many if not most of society's ills to the lack of competition.
The challenge in car making is that there is such high fixed costs and capital requirements that you cannot just "pop up a car company".
On the labor side then, they need a way to balance the power out. Unions is a way to do that.
The challenge with Unions is the same with any concentration of power - it corrupts. The last two UAW presidents were indicted by the FBI for corruption. The other reason is fighting reasonable automation and efficiency gains. They fought in the 1980s and 1990s Toyota Manufacturing techniques that are based on clever but clear industrial engineering leading practices. It means fewer labor hours per car, fewer defects, which in turn, means fewer labor unions.
I would like to see some strategy where labor is guaranteed some percentage of the cost of the car - and can be done in aggregate. If company sells more cars, then get paid into a pool and the rest goes as profit sharing. They are then incented to maximize earnings per worker, versus just getting more workers. It aligns incentives.
Also - the car companies should not just give Mary Barra RSUs from treasury stock, but also the workers. Again, aligning incentives.
Give Trump credit - he nailed the real threat: EVs. It is, from an engineering POV, a superior car to a combustion engine as it has far fewer parts. This means fewer people.
The laughable part is that the media (Atlantic?) slammed Trump for mis-information. Then more "respectable" individuals like Andrew Ross Sorkin (CNBC, NYT Deal Book) highlight this exact things as an "existential threat".
Fiscal and monetary stimulus was great for the capital class. All of that CARES funding? It went quickly into more demand, higher earnings, higher stock price and greater wealth accumulation.
The Fed drove easy money, not Trump. You know that. Did he want to keep rates low? Of course. Guess who else would love to? Warren. Bernie, etc. Warren excoriated Powell at his testimony about 9 months ago for the rate hikes.
.....and remember MDF, I am NOT someone who believes that Trump was a fiscal conservative, at all.
Lol, trump drove easy money not Jerome he responds to what the government does. Stop defending trump so blindly. I had assumed you were brighter than that being a quarter Jewish
No.
I am no reflexsive Trump defender as the board knows well. His comments on Africa, Bleach, the "Steal", etc. were completely unnecessary, ludicrous or borderline racist. He also got a lot of things right. I have said on at least three exchanges that he is NO fiscal conservative.
For a guy who has programmed "Sheep" to be F5 on his keyboard, you should see the difference.
I also follow chronology and the facts. Here they are:
1. Trump took office on January 20th, 2017.
2. Janet Yellen was the Fed Chair through 2017
3. Powell took office on February 5th, 2018
Jerome H. Powell, Chair
The Federal Reserve Board of Governors in Washington DC.
www.federalreserve.gov
4. Powell raised rates significantly, higher than other central banks, which Trump used the "bully pulpit". This was on August 21st, 2019.
Trump heaps pressure on Fed and its chairman Powell to cut rates
President Donald Trump on Wednesday continued to pressure the Federal Reserve and the central bank's chairman to lower interest rates, saying its policies were hampering U.S. growth and reducing the country's ability to compete economically.
5. In this article, the Minneapolis Governor essentially agreed saying that the fed should use, "Forward guidance", meaning that the global economy was slowing.
6. Powell admitted in his 2018 testimony that he over-estimated the impacts of the Tax cuts and that unemployment could go far lower than 5%
Was Trump Right About The Fed And Interest Rates All Along? | Bankrate
Trump's calls for lower interest rates and balance sheet growth were exactly how monetary policy ended in 2019, and it might have justified Trump’s position all along. But experts caution that the president, who has made a habit of jawboning Fed officials, wasn’t wholly correct — even if his...
www.bankrate.com
7. Powell, and the Fed, ultimately lowered with slower growth.
Back in the early 1990s, I read this book on the Fed:
Secrets of the Temple: How the Federal... book by William Greider
www.thriftbooks.com
It's a progressive tome.
Note here that I am quoting the Federal Reserve, Reuters, Bankrate and a book by a Princeton Progressive.
Trump is not, to your point a fiscal conservative, but to say that Trump personally lowered rates and that anyone in Washington from Mark Milley, William Barr to Jerome Powell feels his direct authority is simply not accurate. He did not even weigh in until almost 2 years into his presidency.
Lol, he browbeat Powell into cutting rates after the market dipped 19% in dec of 18. We wouldn’t be in the shit show we are in now if he didn’t meddle. Of course he was already running 5% budget deficits outside of a recession for the first time in our history. His policies were as unhinged and liberal as they get, period. He racked up 7 trillion debt and he shut the god damn country down so he could buy the election. He failed. I won’t bother getting into his brutal tax code, that we still have mind you, it’s above the pay grade of this board. Nothing good about his tenure, absolutely nothing.No.
I am no reflexsive Trump defender as the board knows well. His comments on Africa, Bleach, the "Steal", etc. were completely unnecessary, ludicrous or borderline racist. He also got a lot of things right. I have said on at least three exchanges that he is NO fiscal conservative.
For a guy who has programmed "Sheep" to be F5 on his keyboard, you should see the difference.
I also follow chronology and the facts. Here they are:
1. Trump took office on January 20th, 2017.
2. Janet Yellen was the Fed Chair through 2017
3. Powell took office on February 5th, 2018
Jerome H. Powell, Chair
The Federal Reserve Board of Governors in Washington DC.www.federalreserve.gov
4. Powell raised rates significantly, higher than other central banks, which Trump used the "bully pulpit". This was on August 21st, 2019.
Trump heaps pressure on Fed and its chairman Powell to cut rates
President Donald Trump on Wednesday continued to pressure the Federal Reserve and the central bank's chairman to lower interest rates, saying its policies were hampering U.S. growth and reducing the country's ability to compete economically.www.reuters.com
5. In this article, the Minneapolis Governor essentially agreed saying that the fed should use, "Forward guidance", meaning that the global economy was slowing.
6. Powell admitted in his 2018 testimony that he over-estimated the impacts of the Tax cuts and that unemployment could go far lower than 5%
Was Trump Right About The Fed And Interest Rates All Along? | Bankrate
Trump's calls for lower interest rates and balance sheet growth were exactly how monetary policy ended in 2019, and it might have justified Trump’s position all along. But experts caution that the president, who has made a habit of jawboning Fed officials, wasn’t wholly correct — even if his...www.bankrate.com
7. Powell, and the Fed, ultimately lowered with slower growth.
Back in the early 1990s, I read this book on the Fed:
Secrets of the Temple: How the Federal... book by William Greider
www.thriftbooks.com
It's a progressive tome.
Note here that I am quoting the Federal Reserve, Reuters, Bankrate and a book by a Princeton Progressive.
Trump is not, to your point a fiscal conservative, but to say that Trump personally lowered rates and that anyone in Washington from Mark Milley, William Barr to Jerome Powell feels his direct authority is simply not accurate. He did not even weigh in until almost 2 years into his presidency.
So...just a couple of points that need to be mentioned. And I think flaws your comments about spending w Trump...AND Reagan.
First Reagan.
Reagan gets a HORRIBLY unfair rap for his spending. The reason for that is 99.9% of the people only look at the results, and not WHY it happened. So what happened under the Reagan administration to cause the debt?
1. After Vietnam, we SEVERELY cut military spending. We were so unfit militarily we could not even get our rescue aircraft TOO Iran to rescue our hostages. Navy helicopters (that do not spend much time flying around and in the desert) could not even complete the mission. This was caused by worn out aircraft, and not enough money to train for missions like this. Reagan ran on defeating the USSR(because of him, this happened) His slogan was "Peace through strength" To accomplish this...he HAD o rebuild our military. So prior administration's that did not address this fell upon his to do so...or we would STILL be dealing with the USSR.
2. To pass these spending bills....DEMORATS...led by Tip O'Neal refused to pass military spending without attaching INCREDIBLE amounts of PORK on every bill. So they used Reagans promise to America to get their own way. Reagan BEGGED for a line item veto to be able to cut the BS out of these bills....but could never get is passed. It would be just like trying to pass term limits. Ain't happening. So I DO NOT blame Reagan for that spending...it was the enemy of the USA that is to blame...DEMORATS.
Now Trump.
Trump had a once on 100 year pandemic that fell in to his lap( I truly believe this was a planned pandemic to oust him) I hear everyone Monday morning QBing what he did...but let me remind you how many people the "experts" claimed were going to die if action was not taken. Not many other pandemics to learn from as the last one was in the 20's. IF no pandemic.....this would have been the most amazing economic time in American history.....EVEN THOUGH Trump face much of the same problems with an ANEMIC military that Reagan did. So ANYONE can just look at the bottom line, but it is not even CLOSE to EITHER of these GREAT Presidents fault what two HORRIBLE Presidents caused before they both took over. THESE ARE JUST THE FACTS.
Nobody close. 2020, Shutdowns stimi debt deficits and mandates. The prior 3 years 3 trillion in added debt. Brutal, you stimi lovers need to start contributing to society. Sick of carrying you people.
C'mon BSuck, a president with a record-low inflation rate at 1.4% clearly isn't reckless. That would be your boy Poopy Joe and his trillion-dollar funding of the corrupt Ukraine govt. Not to mention funding these illegals who get either trucked or flown across the border in private plane rides. You are a truly mentally-ill individual or the same troll you've always been. I say you're both.
The facts are the facts, trump is a raging unhinged fiscal lib, period. I am tired of carrying you stimi lovers.
Facts?? What facts?? In what universe, The Twilight Zone? Your boy Poopy Joe is the one causing you to send your tax-dollars to Soy-Boy Zelensky and the illegals. You're paying for America's enemies you moron! And they're destroying the country! Living in Mommy's basement really has cut you off from reality hasn't it.
Biden’s stim spending is 2X Trump’s - but you’re too blinded by your partisanship to see that
Lol, it’s not. You don’t know what stimi is. He has continued trumps debt and deficits yes and that’s why it was so bad what trump did he opened the door to this nonsense. The eel cheese is in the fed and money printing. That was mostly trump Powell is draining the swamp now, the bubbles popping will hurt but bubbles pop, and we are in a ginormous one, still.
EV Battery Factory Will Require So Much Energy It Needs A Coal Plant…
A new electric vehicle battery factory in Kansas is demanding so much energy that the state is delaying the retirement of a coal plant to make sure the…
cowboystatedaily.com
Great job @Mdfgator - keep those coal fired plants rolling smoke buddy!
😂😂😂😂
My Tessy only runs on wind and solar it won’t drive with dirty coal, allergiesEV Battery Factory Will Require So Much Energy It Needs A Coal Plant…
A new electric vehicle battery factory in Kansas is demanding so much energy that the state is delaying the retirement of a coal plant to make sure the…
Great job @Mdfgator - keep those coal fired plants rolling smoke buddy!
😂😂😂😂
LOL My man hasn't been here in months and still can smell a sock account a mile off.
I'll be honest...I'm beginning to suspect that @Mdfgator doesn't really have a Tesla.EV Battery Factory Will Require So Much Energy It Needs A Coal Plant…
A new electric vehicle battery factory in Kansas is demanding so much energy that the state is delaying the retirement of a coal plant to make sure the…
Great job @Mdfgator - keep those coal fired plants rolling smoke buddy!
😂😂😂😂
Those who do not participate in the US economy, couldn't care less what happens to it. As long as his family keeps him stocked in Hot Pockets and G Fuel for his COD play time, he's golden.
Most little POS cars DO cost less. /The cars they are talking about I would never drive...they have no nice options
Dude can't afford to keep Gold Membership, says he can afford a cheap EV. Make it make sense.
Go test drive a Tessy now that you can almost afford one. Trust me, best car out there, nothing close.
If we all told him that he wasn't stupid for buying an EV, perhaps he would give it a rest??? Fragile ego is fragile imho.
People that get on the internet to try to embellish their life's accomplishments to strangers is just weak.
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