Do you think a rise of protectionism would be good for GM and the US economy.
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From: Shelbyville, IN
Re: Do you think a rise of protectionism would be good for GM and the US economy.
China's on a way to a democrazy in the next 10 years I would imagine (comming from my Boss who heads our Industrial branch in China).
Also, I'm not going back through this multipage thread to get the exact words - but our Economy IS booming and IS great right now...
I work directly with the Heavy Industries (Hydraulic) - so I get in all of the Big Manufacturing plants. I can't speak for all of the US, but in my territory - central midwest - things couldn't be better. We have new Food Plants springing up with Million dollar power units, Steel Mills doing major additions and bringing in BIG profits, our Industry is a large reflection on new Industry and we are up 35% in the 1st Quarter. Mostly new business.
To anyone saying the economy sucks your not looking outside of maybe your own small town or niche. The US Auto industry is in a sling, but that's their own damn fault. All of the other Industries have already moved past the Globalization mark and have adapted. It's about time GM and Ford do the same...
Also, I'm not going back through this multipage thread to get the exact words - but our Economy IS booming and IS great right now...
I work directly with the Heavy Industries (Hydraulic) - so I get in all of the Big Manufacturing plants. I can't speak for all of the US, but in my territory - central midwest - things couldn't be better. We have new Food Plants springing up with Million dollar power units, Steel Mills doing major additions and bringing in BIG profits, our Industry is a large reflection on new Industry and we are up 35% in the 1st Quarter. Mostly new business.
To anyone saying the economy sucks your not looking outside of maybe your own small town or niche. The US Auto industry is in a sling, but that's their own damn fault. All of the other Industries have already moved past the Globalization mark and have adapted. It's about time GM and Ford do the same...
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From: Memphis
Re: Do you think a rise of protectionism would be good for GM and the US economy.
Originally Posted by Chrome383Z
To anyone saying the economy sucks your not looking outside of maybe your own small town or niche. The US Auto industry is in a sling, but that's their own damn fault. All of the other Industries have already moved past the Globalization mark and have adapted. It's about time GM and Ford do the same...
My perception of the IT field is that it's going strong despite mass exports to India... my wife's field (she's a CPA in the auditing field) is going strong as ever and realistically is impossible to 'export' as most of her job relies on physical validation of assets.
I realize that the domestic auto industry is having a hard time at the moment, but I don't feel that's indicative of our entire economy... it's been particularly hard on the auto industry because the auto industry depends so much on basic laborers - many of whom receive unrealistically high wages due to their unions. It gets hard to compete when you have a unionized domestic lightly to moderately skilled assembly line worker getting paid 80 grand a year for the same exact job as Kia is paying a Korean worker who is just as skilled, 15 grand a year to do.
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Re: Do you think a rise of protectionism would be good for GM and the US economy.
Originally Posted by Threxx
impossible to 'export' as most of her job relies on physical validation of assets.
I think we would agree that the opportunies of tomorrow are not the same as the opportunies of yesterday.
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Re: Do you think a rise of protectionism would be good for GM and the US economy.
impossible to 'export' as most of her job relies on physical validation of assets.
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From: Shelbyville, IN
Re: Do you think a rise of protectionism would be good for GM and the US economy.
Originally Posted by johnsocal
That's the key- having a job that relies on physical validation or requires the person to be on the premises. There's plenty of opportunity for good jobs here's in the US, but the more money you want to get paid the longer it usually takes to find the right job. Unfortunately some high paying job are concentrated in particular regions of the country (like NY, LA, OC, and etc) and is a major reason why the big cities are so conjested.
I think we would agree that the opportunies of tomorrow are not the same as the opportunies of yesterday.
I think we would agree that the opportunies of tomorrow are not the same as the opportunies of yesterday.
The jobs in the bigger cities do pay better, but they typcially have a higher cost of living as well.
Were I live Median income is only 35k, but a 2,336sq ft two story house in a subdivision (brand new) only cost 130-140k. So you have to look at the "big" picture I guess.
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Re: Do you think a rise of protectionism would be good for GM and the US economy.
Originally Posted by Chrome383Z
The jobs in the bigger cities do pay better, but they typcially have a higher cost of living as well.
Were I live Median income is only 35k, but a 2,336sq ft two story house in a subdivision (brand new) only cost 130-140k. So you have to look at the "big" picture I guess.
Were I live Median income is only 35k, but a 2,336sq ft two story house in a subdivision (brand new) only cost 130-140k. So you have to look at the "big" picture I guess.
While it does cost significantly more to live out here in SoCal and most of that has to do with housing, but the weather and the vast amount of entertainment and having tons of things to do (when you are not stuck in traffic) makes this place a magnet for the masses regardless.
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Re: Do you think a rise of protectionism would be good for GM and the US economy.
I thought the following article was very relevant to our discussion.
http://money.cnn.com/2006/04/08/news...reut/index.htm
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http://money.cnn.com/2006/04/08/news...reut/index.htm
Europe worries about protectionism, Asia
Vienna meeting of politicians, business leaders stresses message that freer markets mean more jobs and profits.
April 8, 2006: 3:07 PM EDT
VIENNA, Austria (Reuters) - European politicians teamed up with business leaders Saturday to defend globalization and denounce protectionism, arguing that freer trade and more open markets were good for both jobs and profits.
They also met 13 Asian finance ministers and prodded China in private to let its currency rise gradually in the interests of fairer competition in world trade, an official said.
The second day of a three-day gathering was mostly devoted to discussing technology advances and other changes that pitch countries and companies from opposite sides of the world into more head-on competition.
"Globalization is very positive for Europe," said Nestle CEO Peter Brabeck-Letmathe, one of three business leaders who joined the European Union's 25 finance ministers and central bankers to discuss the impact of increasing competition worldwide. "It's not true that globalization has destroyed jobs. On the contrary. There have never been as many jobs in the world as today."
Bernd Pischetsrieder, head of carmaker Volkswagen, Europe's biggest exporter, defended plans to possibly ax 20,000 jobs in the next few years, arguing that failure to cut costs to better compete on world markets would cause even greater damage.
"It is reckless regarding long-term employment and regarding the security of our companies," he told a news conference headed by Karl-Heinz Grasser, Austria's finance minister and host to a three-day gathering on economics and globalization.
French Finance Minister Thierry Breton, whose government has sparked street protests by millions of young people for trying to make it easier for firms to hire and fire, also defended the trend towards more intense worldwide competition.
"Globalization is a reality and we need to see it clearly without naivity," he said.
The problem for business and politicians is selling the case when unemployment remains close to 10 percent in places such as France and Germany and when 2005 proved another bumper year for profits at many of those countries' multinational companies.
Opening the meeting with the Asians, Austria's Grasser said liberalization, deregulation and privatization was the only way to proceed and Austrian Chancellor Wolfgang Schuessel dismissed criticism of globalization as shallow.
"Populist voices are quick to identify globalization as the root of all evil," he said.
Concern about the Continent
Following several cases where European governments opposed foreign bids to buy companies on their patch, notably in Spain, France and Luxembourg, several ministers spoke up to say protectionism had no place in Europe or anywhere else.
British finance minister Gordon Brown said protectionism and the failure to liberalize energy markets properly was costing Europe billions of euros and should be shunned.
European Commissioner Charlie McCreevy, also at the talks, said some governments were not practising what they preached.
Controversy over what amounts to protectionism and hindrance to trade goes beyond Europe, with U.S. and European governments increasingly concerned about a flood of cut-price imports from China since the end of a decade-old quota system last year.
On Saturday, China acknowledged it was being summoned to the World Trade Organization to explain itself on charges by Europe and the United States that it hinders exports of car parts.
Chinese Finance Minister Jin Renqing met the Europeans in Vienna, but a senior Chinese currency official travelling with him made it clear Beijing was not going to be rushed by others into letting its currency appreciate.
"Our government's position on yuan reform is a controlled gradual reform that is initiated by us," Wei Benhua, deputy director of China's State Administration of Foreign Exchange, said.
Jin, who held a separate meeting with European Central Bank chief Jean-Claude Trichet, European Commissioner Joaquin Almunia and Luxembourg Prime Minister Jean-Claude Juncker, said only that he hoped for improved financial cooperation with Europe.
A European official, who declined to be identified, said: "There were delicate suggestions from the European side that appreciation of the yuan should not be hindered, but no strong pressure."
Volkswagen's Pischetsrieder also complained about Japan's exchange rate, despite European politicians' comments about being generally happy with exchange rates at the moment.
"Today's exchange rate is what we have to live with as far as the dollar is concerned. With the yen, things are entirely different. Our Japanese competitors take lot of advantage from today's yen exchange rate," Pischetsrieder said.
The euro hit a record high against the yen on Thursday, at ¥144.92. Against the dollar, the euro has been on an upward trend since mid-February, but dipped Thursday and Friday to close at $1.2089.
Vienna meeting of politicians, business leaders stresses message that freer markets mean more jobs and profits.
April 8, 2006: 3:07 PM EDT
VIENNA, Austria (Reuters) - European politicians teamed up with business leaders Saturday to defend globalization and denounce protectionism, arguing that freer trade and more open markets were good for both jobs and profits.
They also met 13 Asian finance ministers and prodded China in private to let its currency rise gradually in the interests of fairer competition in world trade, an official said.
The second day of a three-day gathering was mostly devoted to discussing technology advances and other changes that pitch countries and companies from opposite sides of the world into more head-on competition.
"Globalization is very positive for Europe," said Nestle CEO Peter Brabeck-Letmathe, one of three business leaders who joined the European Union's 25 finance ministers and central bankers to discuss the impact of increasing competition worldwide. "It's not true that globalization has destroyed jobs. On the contrary. There have never been as many jobs in the world as today."
Bernd Pischetsrieder, head of carmaker Volkswagen, Europe's biggest exporter, defended plans to possibly ax 20,000 jobs in the next few years, arguing that failure to cut costs to better compete on world markets would cause even greater damage.
"It is reckless regarding long-term employment and regarding the security of our companies," he told a news conference headed by Karl-Heinz Grasser, Austria's finance minister and host to a three-day gathering on economics and globalization.
French Finance Minister Thierry Breton, whose government has sparked street protests by millions of young people for trying to make it easier for firms to hire and fire, also defended the trend towards more intense worldwide competition.
"Globalization is a reality and we need to see it clearly without naivity," he said.
The problem for business and politicians is selling the case when unemployment remains close to 10 percent in places such as France and Germany and when 2005 proved another bumper year for profits at many of those countries' multinational companies.
Opening the meeting with the Asians, Austria's Grasser said liberalization, deregulation and privatization was the only way to proceed and Austrian Chancellor Wolfgang Schuessel dismissed criticism of globalization as shallow.
"Populist voices are quick to identify globalization as the root of all evil," he said.
Concern about the Continent
Following several cases where European governments opposed foreign bids to buy companies on their patch, notably in Spain, France and Luxembourg, several ministers spoke up to say protectionism had no place in Europe or anywhere else.
British finance minister Gordon Brown said protectionism and the failure to liberalize energy markets properly was costing Europe billions of euros and should be shunned.
European Commissioner Charlie McCreevy, also at the talks, said some governments were not practising what they preached.
Controversy over what amounts to protectionism and hindrance to trade goes beyond Europe, with U.S. and European governments increasingly concerned about a flood of cut-price imports from China since the end of a decade-old quota system last year.
On Saturday, China acknowledged it was being summoned to the World Trade Organization to explain itself on charges by Europe and the United States that it hinders exports of car parts.
Chinese Finance Minister Jin Renqing met the Europeans in Vienna, but a senior Chinese currency official travelling with him made it clear Beijing was not going to be rushed by others into letting its currency appreciate.
"Our government's position on yuan reform is a controlled gradual reform that is initiated by us," Wei Benhua, deputy director of China's State Administration of Foreign Exchange, said.
Jin, who held a separate meeting with European Central Bank chief Jean-Claude Trichet, European Commissioner Joaquin Almunia and Luxembourg Prime Minister Jean-Claude Juncker, said only that he hoped for improved financial cooperation with Europe.
A European official, who declined to be identified, said: "There were delicate suggestions from the European side that appreciation of the yuan should not be hindered, but no strong pressure."
Volkswagen's Pischetsrieder also complained about Japan's exchange rate, despite European politicians' comments about being generally happy with exchange rates at the moment.
"Today's exchange rate is what we have to live with as far as the dollar is concerned. With the yen, things are entirely different. Our Japanese competitors take lot of advantage from today's yen exchange rate," Pischetsrieder said.
The euro hit a record high against the yen on Thursday, at ¥144.92. Against the dollar, the euro has been on an upward trend since mid-February, but dipped Thursday and Friday to close at $1.2089.
Last edited by johnsocal; Apr 8, 2006 at 10:08 PM.
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From: Commerce, mi, USA
Re: Do you think a rise of protectionism would be good for GM and the US economy.
Protectionists IMO have a limited view of how economics works and the interdependency of free markets. Protectionism would COST us jobs in the long run, raise prices and lower our standard of living.
What needs to be done is to play hardball with other markets like China to open up to our goods and drop tariffs, rather than closing up and hiding our heads in the sand.
What needs to be done is to play hardball with other markets like China to open up to our goods and drop tariffs, rather than closing up and hiding our heads in the sand.
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Joined: Nov 2000
Posts: 2,139
From: Commerce, mi, USA
Re: Do you think a rise of protectionism would be good for GM and the US economy.
"Globalization is very positive for Europe," said Nestle CEO Peter Brabeck-Letmathe, one of three business leaders who joined the European Union's 25 finance ministers and central bankers to discuss the impact of increasing competition worldwide. "It's not true that globalization has destroyed jobs. On the contrary. There have never been as many jobs in the world as today."
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Joined: Mar 2002
Posts: 3,180
From: Yadkinville, NC USA
Re: Do you think a rise of protectionism would be good for GM and the US economy.
Originally Posted by BigDarknFast
Globalization is the wave of the future... a rising tide lifts all boats.
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Posts: 1,808
From: FL/MI
Re: Do you think a rise of protectionism would be good for GM and the US economy.
Originally Posted by BigDarknFast
It's cool to hear from some forward-thinking leaders. Globalization is the wave of the future... a rising tide lifts all boats.
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Posts: 1,911
From: Southern California (SoCal)
Re: Do you think a rise of protectionism would be good for GM and the US economy.
In business news today:
Im glad to see us sending something over their way.
Chinese to buy 80 Boeing 737s
Move comes amid spurt of trade deals ahead of President Hu Jintao's visit next week.
April 11, 2006: 6:03 PM EDT
WASHINGTON (Reuters) - A delegation of Chinese business executives are signing a total of 107 contracts totaling $16.2 billion with U.S. companies including one to buy 80 Boeing 737 aircraft that will be signed on Tuesday, visiting Chinese Vice Premier Wu Yi told reporters.
The trade deals come ahead of Chinese President Hu Jintao's visit to the United States later this month, a top Chinese official said on Tuesday.
Move comes amid spurt of trade deals ahead of President Hu Jintao's visit next week.
April 11, 2006: 6:03 PM EDT
WASHINGTON (Reuters) - A delegation of Chinese business executives are signing a total of 107 contracts totaling $16.2 billion with U.S. companies including one to buy 80 Boeing 737 aircraft that will be signed on Tuesday, visiting Chinese Vice Premier Wu Yi told reporters.
The trade deals come ahead of Chinese President Hu Jintao's visit to the United States later this month, a top Chinese official said on Tuesday.
Last edited by johnsocal; Apr 11, 2006 at 05:41 PM.
Thread Starter
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Posts: 1,911
From: Southern California (SoCal)
Re: Do you think a rise of protectionism would be good for GM and the US economy.
Originally Posted by HAZ-Matt
Yeah until they are reverse engineered and they don't have to buy from Boeing ever again.
