Are you going to purchase at 25% price hike

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The bottom line is that the auto industry has a serious math problem. Go figure……literally. This is not going to be solved overnight. A new plant is billions and years. So much for short term pain!

PS - I spent most of my adult life in the auto industry and retired as an Engineering Senior Leader. The industry has a major hole in it.

Funny thing. Did the "engineers" make too much money? You probably don't think so. In the years it takes to build the plants we'll enjoy the construction related jobs and real estate investment. It's a trickle down effect.
 
So the trillions in borrowed debt requires repayment, or at least improvements in the ability to make the interest payment, which is approximately 20% of the budget. The fix: cut costs, raise revenue, and no new borrowing. Yes, we're cutting costs, but what about reducing revenue with tax cuts for the rich and increasing the debt ceiling to borrow more money? I'm confused. One element is not enough. Buy gold and cryptocurrency before my dollar denominated 401K disappears?

Who's cutting taxes for the rich? What is your definition of rich? One goal is to clean up social security/ Medicaid fraud. Then eliminate taxes on social security. I don't know how many "rich" people rely on social security. I'm sure my 88 yr old widowed mother would love for her social security to not be taxed. As well as many forum members here.
 
I just did…

…before the unprecedented tariff is in effect.

Was considering a new ride in a year or so, but the POTUS actions sped up the process.

Had to be in College Park to help welcome Coach Buzz Williams to the U of Maryland and stopped by a dealership from whom I have purchased 4 vehicles in the past. Traded my '23 Jaguar F-Pace for a 2025 Range Rover Sport. Doing it now…on an in stock vehicle…saved me a whole lot of money.

Before anyone scolds me, my other vehicles were made in the United States. I just like Range Rovers; this is my fifth one. You cannot keep 'em too long as they are very expensive to repair once things start going wrong…and they surely will.

Be safe.
 
Extending the 2017 tax cut that's due to expire this year will add another 4.7 trillion to the debt, per the congressional budget office. If saving the country is the game, why not let them expire with the revenue increase and avoid more debt? Reducing taxes on social security feels like a Trojan horse - or throwing us a bone to sell the extension. Simultaneously keeping the 2017 tax cuts AND raising the debt ceiling appears to be the wrong direction. That's the current plan.
 
Not sure how this will go over, but I have never bought a new car and the last domestic I did buy was a 79 Camaro about 40 years ago. I've always gone for Imports and really like Mercedes.

Got this S550 Coupe last September and modified the ECU so it now pumps out 540 HP and over 650 Ft lbs torque with AWD.
A beast for sure.
 

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Balance of trade. We buy $3.5 trillion from them. They buy 250 billion from us. Our tariffs now will equal theirs. They will take an arse whipping and they deserve it.

If all the countries we deal with had an identical standard of living and expectations of same that we do, you would have a case. You have to understand that the rest of the world does not live like us. The attitude to personal debt is entirely different in much of the rest of the developed world. Nobody is looking to have the kind of debt Americans habitually have just to buy stuff.

Cars are a perfect example. In most states the cost of running a vehicle is such that many people run multiple cars. In much of Europe, that is a total non-starter because of the cost of gas, the way cars are treated as a luxury item and taxed, and even the way the car insurance industry is structured. Besides, in many cities the public transport infrastructure is such than owning a car is a luxury many forgo.
 
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I agree 100%. There was a thread a few months ago where I tried to make this argument but the really smart guys on the forum kept telling me I'm wrong…… why do many countries impose a 50% tariff on US beef and zero tariffs on Australian beef? Then ask us to protect/defend them?…..and anyone who thinks Canada is not an offender they are wrong. They've all but closed out our dairy farmers. Living in a border city I know lots of people with cottages and second homes on different bodies of water in Ontario. Many of them very expensive and have been in the family for generations. During Covid owners were not allowed to check on their property. Then Canada imposed a 1% non resident ownership tax. That might not seem like a lot until you do the math. Places on the water start at $400k. It is a hostile action and a slap in the face to Americans
America has not really changed our trade policies with these countries since the late 1940's after World War II. Trump is trying to get some very long overdue renegotiations going with these countries. They like things the way they have been for the last 75+ years. They make out like bandits and laugh at America. Trump is finally calling the out on it and is letting them know it is now time to come back to the table. I just heard today that the new Canadian Prime Minister said Canada will drop their tariffs if America does the same.

The Marshall Plan was a U.S.-sponsored program designed to rehabilitate the economies of 17 western and southern European countries in order to create stable conditions in which democratic institutions could survive in the aftermath of World War II. It was formally called the European Recovery Program.

Japan did not receive Marshall Plan aid. Instead, Japan benefited from other forms of U.S. assistance after World War II. The U.S. provided substantial financial support through programs like the Dodge Plan and the Economic Stabilization Program. These initiatives focused on economic recovery and rebuilding infrastructure. The U.S. aimed to stabilize Japan and prevent the spread of communism in Asia. This assistance contributed significantly to Japan's post-war economic miracle, helping the country transition from devastation to a thriving economy.
 
So the trillions in borrowed debt requires repayment, or at least improvements in the ability to make the interest payment, which is approximately 20% of the budget. The fix: cut costs, raise revenue, and no new borrowing. Yes, we're cutting costs, but what about reducing revenue with tax cuts for the rich and increasing the debt ceiling to borrow more money? I'm confused. One element is not enough. Buy gold and cryptocurrency before my dollar denominated 401K disappears?

I am all for cutting taxes for the rich. They are already paying far, far more than their fair share. What tax rate do you pay, and what tax rate should "the rich" pay?

Why should someone who works on cars be able to automatically afford to buy one? Where does this come from?

Damned communists.

I'm hoping tariffs go to 300%. Let's start making and growing stuff here again.
 
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Now you can begin to worry about tariffs on all foreign made guns and ammunition. And anything else that is imported from anywhere outside the USA.
 
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I think that the US economy has been the envy of the world for a reason. We are a super power and our standard of living shows it. I've lived in Europe and Asia. The good will of American policy was apparent if you paid attention and knew what to look for. Leadership always has a price.
 
Americans that want new cars will buy them period. If the price goes up by 25% they will just finance them for longer periods of time. Look to the past when 36 months was the normal length of a new car loan. A faint memory.
 
So; who can tell me what we import from the Heard Islands (uninhabited), Norfolk Island (pop. 2,000), Svalbard Archipelago, St. Helena, and McDonald Islands (uninhabited)? Now we have wisely put punitive tariffs on them.

Those clever devils on Tristan de Cuhna seem to have escaped.

Your browser is not supported | usatoday.com
 
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Weeks after December 11, 1941 we had plants that made typewriters turning out 1911s. We had auto factories turning out fighter and bomber aircraft. We were rationing food and other products because we were at war and (although I wasn't born yet, but based on what my family said) everybody jumped on the bandwagon.

We can do it again. If we do we'll all be better off for it.

Taxes on Social Security payments......
It's NOT an entitlement. We paid for it in advance. If I personally had invested the money I would be a rich man today. BUTTTTT, remember that it was Joe Biden as a Senator that was part of the liberal group that put that tax in the first place.

I think I'm in a good position now - 2 new cars and a new boat; new roof on the house; new furnace, etc, etc. Nevertheless, if need be I'll happily pay 25% more in the short term, because I know that we will reap many benefits in the long term.

Many young family and friends will be needing jobs in the future. I'll pay forward now because they are Americans, even though I won't be around to see their successes in the future.
 
Okay, I'm going to move on from this thread. I guess my crystal ball is on the fritz……how long is the "short term pain" going to last? What's the tolerance level of the American people? I don't know. I don't think it's very long. It's not years or decades.
 
So; who can tell me what we import from the Heard Islands (uninhabited), Norfolk Island (pop. 2,000), Svalbard Archipelago, St. Helena, and McDonald Islands (uninhabited)? Now we have wisely put punitive tariffs on them.......

Ooh...Ooh, pick me! I would guess bird ****, penguin ****, seal ****, walrus ****, whale ****. DC is the capitol of **** but they are always after more. Joe
 
Weeks after December 11, 1941 we had plants that made typewriters turning out 1911s. We had auto factories turning out fighter and bomber aircraft. We were rationing food and other products because we were at war and (although I wasn't born yet, but based on what my family said) everybody jumped on the bandwagon.

We can do it again. If we do we'll all be better off for it.

Taxes on Social Security payments......
It's NOT an entitlement. We paid for it in advance. If I personally had invested the money I would be a rich man today. BUTTTTT, remember that it was Joe Biden as a Senator that was part of the liberal group that put that tax in the first place.

I think I'm in a good position now - 2 new cars and a new boat; new roof on the house; new furnace, etc, etc. Nevertheless, if need be I'll happily pay 25% more in the short term, because I know that we will reap many benefits in the long term.

Many young family and friends will be needing jobs in the future. I'll pay forward now because they are Americans, even though I won't be around to see their successes in the future.

Stop it Jim. Your making to much sense. Don't you know the sky is falling.
 
I also noticed our good friends and long-term partners Russia and Belarus did not get tariffs. Nor did North Korea.

Good deal that we tariffed the British Overseas Indian Ocean Territory, where the only inhabitants are our military personnel at our Diego Garcia airbase.
 
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