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  • Paul Krugman on the federal deficit: "The budget deficit isn’t our biggest problem, by a long shot. Furthermore, it’s a problem that is already, to a large degree, solved... The case for urgent action now to reduce spending decades in the future is far weaker than conventional rhetoric might lead you to suspect... So, no big problem in the medium term, no strong case for worrying now about long-run budget issues." [View news story]
    With Obama on schedule to add another $1 trillion per year to the debt, that puts us around $20 trillion by the end of his Presidency. At a 2% yield, that amounts to $400 billion per year we'll be paying in 2016. Our tax receipts (2011) are around $2.3 by my crude calculation, we will be paying 33% of our total Federal income in debt service by the end of his Presidency. Why would you, Krugman or any sane person think that's OK?
    Jan 19, 2013. 11:25 AM | 6 Likes Like |Link to Comment
  • Ford CEO talks trade on Capitol Hill [View news story]
    Tit for Tat trade policy, it's the only way. When Korea's government audits every buyer of an American car, we do the same to buyers of Korean cars - until they stop. How about we individually inspect (for safety of course) every Japanese car coming off the boat for say $10,000??? (like Japan does to our autos). We are losing our manufacturing base by being played for stupid Americans by our 'friends' in the World.
    Jul 30, 2014. 03:07 PM | 5 Likes Like |Link to Comment
  • General Electric Is Making A Huge Mistake [View article]
    Sarah, your comment is simply a collection of name-calling...."ignor... "arrogance", "astonishing lack of awareness", "wasting my time". Where are your facts or even unsubstantiated ideas? Seeking Alpha generally has more intelligent comments than Twitter or Facebook...please try to refrain from the name-calling. Thank you.
    Apr 30, 2014. 10:29 AM | 4 Likes Like |Link to Comment
  • Automakers face big challenges as they look to tech solutions [View news story]
    GM just got a new leader. Give her some time to adjust to the job. She didn't create these messes, but hopefully she can deal with them. Does anyone else see a marked increase in the number of automotive recalls? (in the last few years, Toyota, Ford, GM, etc). Either the worldwide engineering competence is decreasing or US regulators are feeling empowered to 'punish' evil corporations.
    Apr 9, 2014. 11:05 AM | 4 Likes Like |Link to Comment
  • American Made But Growth Is Overseas [View article]
    Reciprocal trade restrictions....I love it! With all the malarkey about manipulated currency, the fact that Japan individually inspects US made autos for safety (approx $12,000 each) and S Korea used to audit every taxpayer that bought a foreign car is where the real barriers are. We export essentially zero cars to these nations because of the non-tariff barriers, which can be changed constantly. Asians will keep playing this game until the US does something about it - I like the reciprocal Trade Restrictions idea. That said, the US is governed by dolts and/or lawyers who still think we can be a 'service economy' without preserving any 'dirty - ewhhh' manufacturing work. And so, the transfer of wealth will continue....
    Aug 26, 2013. 10:46 AM | 4 Likes Like |Link to Comment
  • Ford Headed For Another Drop? [View article]
    Years ago I bought a brand new Audi Fox. Even though it had terrible reliability ratings at Consumer Reports, I had faith that the venerable Fox models would have had the bugs worked out. The cover on the sunroof panel was loose and hanging down on my head within a week. The dealer reglued it, but told me the Audi supplied glue didn't work very well. He was right. The car quit running on a mountain drive...which turned out to be a jammed electric fuel pump. I tore it apart, and found a spalled piece of metal that had fatigued off and gotten jammed in the tight rotor clearance (bad heat treat and/or stress analysis) This happened within a year. After about 3 years,(40,000 miles) I noticed I was using oil and blowing it out the pipes. The local Audi service man told the valve guide seals go out on all these engines around 40,000 miles and I needed a 'redesigned' engine for around half the worth of the car. I sold it to a nice young lady who (like yourself) was looking for 'German engineering'. Somehow, I don't feel guilty....
    Mar 9, 2013. 09:59 AM | 4 Likes Like |Link to Comment
  • The U.S. Has Become An Industrial Powerhouse [View article]
    710... Machinery R&D is not just a bunch of "computer programmers". It has many more engineers, electrical and mechanical technicians, contract negotiators, etc. All high paying jobs. Those are the jobs we need to keep in the USA. Remember, also, that robots are themselves machinery and require many talented technicians and engineers to keep them running properly.
    Jan 20, 2015. 10:30 AM | 3 Likes Like |Link to Comment
  • Ford warns on impact of weak yen [View news story]
    I share your 'depression' Mr Lakeaffect. I've watched our economy being hollowed out over decades, with our politicians (of all stripes CBroncos) aiding foreign countries in this HUGE transfer of wealth. Why do we accept Japanese cars being imported to the US, mostly - with no or a minimal tariff when Japan insists on testing every one of our cars individually for safety....costing approximately $12,000 each. We could adopt a reciprocal tariff policy which reflects every countries barriers to our own exports. But our country is run by lawyers, who have mostly sold out (aka Ron Brown) the rest of us.... A fool and his money will soon be parted.
    Aug 23, 2013. 12:17 PM | 3 Likes Like |Link to Comment
  • Detroit In Chapter 9: A Day Of Reckoning For Investors [View article]
    Can we not speak the obvious? Racial prejudice against non-blacks caused the fall of Detroit. A shining example of black American society...
    Jul 16, 2013. 10:39 AM | 3 Likes Like |Link to Comment
  • Ford (F) CEO Alan Mulally says the company will continue to oppose Japan's entry into free trade talks with the United States until the nation opens its markets for more U.S. cars and works on measures to strengthen the yen. The exec called the automobile market in Japan the most closed in the world. [View news story]
    The Japanese manufacturers spend huge money in the US, influencing our Bill Clinton's cabinet guy Ron Brown/registered Japanese agent for verification. The lawyers and bankers that rule this country really don't understand (or care) that manufacturing is the foundation of an economy. They say they do - but lying seems to come easy to these self-serving groups. While these folks dominate the country - this will not change and our manufacturing (jobs) will continue to disappear overseas. Asian power elites (China, Japan, Korea) understand this and have used it to their economic advantage for decades.
    Mar 26, 2013. 09:44 AM | 3 Likes Like |Link to Comment
  • Ford (F) January U.S. sales: +22.0% to 166,501 vehicles with retail sales up a brisk 24%. The Ford brand up 23.3% to 131,589 to help offset another slip in Lincoln sales. A big month for the Ford Fusion, up 65% to 22,399. The highly-watched C-Max Hybrid registered 2,725 sales for the month. The automaker's sales soared past the consensus estimate of analysts calling for a 17% Y/Y monthly gain. (PR[View news story]
    News like this, and the stock is up less than 1%? We seem to be falling back into the 'no love' cycle of the last few years. Some big money is keeping their boot on Ford's neck...any thoughts on who?
    Feb 1, 2013. 10:06 AM | 3 Likes Like |Link to Comment
  • Has Paul Krugman Gone Too Far This Time? [View article]
    The people who most want to abolish it are the family farmers. Inheriting a farm worth millions in land/buildings which only produces tens of thousands in income is a common occurence in the USA. The death tax hits these people hardest, as they cannot afford expensive tax lawyers to avoid paying the tax. Think George Soros, Pat Stryker, Hollywood Stars, NBA players, MLB players and most of New York City's bankers. In my view, one family farmer is worth more than....all of the above!
    Nov 13, 2012. 05:28 PM | 3 Likes Like |Link to Comment
  • Turnaround potential? 2014's worst performers in the Russell 2000 [View news story]
    Toast. Did the Chinese break these guys on purpose??? or is it just a coincidence they announce their Rare Earth policy changes the day MCP collapses & is ready to be delisted? Hmmmmhhh....
    Jan 5, 2015. 01:12 PM | 2 Likes Like |Link to Comment
  • Financial Innovation Is Taking Off Again [View article]
    In summary, "Financial Innovation" is synonamous with "con game". Here we go again....
    Aug 20, 2014. 09:39 AM | 2 Likes Like |Link to Comment
  • Ford Vs. GM: Where The Real Difference Lies [View article]
    XLS is a regular Ford 'smear' man. He's really the only non-credible guy doing this on Seeking Alpha, which makes him easy to ignore. Others have some info to add, which jives with other sources I read or have experienced. I have driven Buick Regals (GS - supercharged) and Ford F150's my whole adult life (61 years). They are both a couple thousand dollars less than comparable foreign brands, and have been highly reliable for me. The Buick will lose a power window around 100k to 120k miles, and the F150's spark plugs are a bitch to change. Other than that & brakes, they are comfortable, lovely vehicles to drive to 150k miles.
    Apr 22, 2014. 05:09 PM | 2 Likes Like |Link to Comment