To clarify, the bailouts of US car companies were Chrysler around 1980 and GM and Chrysler around 2008. To help them avoid bankruptcy and the resulting loss of jobs, they received loan guarantees (like having a cosigner) and direct loans, all of which they paid back. I think the public generally has a misconception that a corporate “bailout” means they just giving them money, but it doesn’t.
Note - I’m not trying to convince you not to hate corporations, and there’s no need for a lecture on how evil they are, I know they are. Just clarifying that one topic.
Sadly, ever since “too big to fail”, any large corporation is now nearly indistinguishable from the federal government. Just another example of socialism for the rich, capitalism for the rest of us.
Sadly, I think it was Biden that put a 100% tariff on Chinese EVs. Fuck Trump, but come on, Biden, don’t do this shit for them. I really like that new Xiaomi YU7.
The issue is not so simple. Blocking BYD has a lot to do with protecting American manufacturing jobs. That’s not to say Biden’s tariff was the right answer. But it is a more complicated problem to solve than it appears from the perspective of a single car buyer.
Sucks to suck, our car companies suck and they absolutely should loose and be forced to fire people if they can’t compete. Give me my cheap and decent Chinese cars please. I live in a capitalist country so lets act like it instead of being fucking pussys
Oh no! The type of capitalism where we have to compete!
Make it go away, Daddy Trump!
Tbf notoriously China subsidizes BYD to net loss so its not exactly capitalism.
All car manufacturers world wide are subsidized.
https://subsidytracker.goodjobsfirst.org/parent-totals
Of course China can make cheaper cars, because most car manufacturers get their parts produced in China anyway.
Did you forget all the bailouts US car manufacturers received?
To clarify, the bailouts of US car companies were Chrysler around 1980 and GM and Chrysler around 2008. To help them avoid bankruptcy and the resulting loss of jobs, they received loan guarantees (like having a cosigner) and direct loans, all of which they paid back. I think the public generally has a misconception that a corporate “bailout” means they just giving them money, but it doesn’t.
Note - I’m not trying to convince you not to hate corporations, and there’s no need for a lecture on how evil they are, I know they are. Just clarifying that one topic.
Sadly, ever since “too big to fail”, any large corporation is now nearly indistinguishable from the federal government. Just another example of socialism for the rich, capitalism for the rest of us.
What do you think Walmart does when they enter a new market, the eat losses till the local competition folds and they are the only option left
Sadly, I think it was Biden that put a 100% tariff on Chinese EVs. Fuck Trump, but come on, Biden, don’t do this shit for them. I really like that new Xiaomi YU7.
The issue is not so simple. Blocking BYD has a lot to do with protecting American manufacturing jobs. That’s not to say Biden’s tariff was the right answer. But it is a more complicated problem to solve than it appears from the perspective of a single car buyer.
Sucks to suck, our car companies suck and they absolutely should loose and be forced to fire people if they can’t compete. Give me my cheap and decent Chinese cars please. I live in a capitalist country so lets act like it instead of being fucking pussys