How far behind this can the auto sector be?
It’s already happening to farms, food processing, and housing as well.
90% of union PAC $$ goes to Democrat pols. Enjoy the suck guys.
Didn’t their very own Union fully support Biden? Isn’t this what they voted for?
Look for the union label!....................
is the USA buying out companies in countries like japan, china etc, and buying up huge tracts of land like those countries are doing here in the US? Seems like more and more US land is falling into the hands of FOREIGN entities, and we aRE slowly losing land to foreign entities-
As well, we now have several gov folks like ilhan omar whose interests lie NOT in America, but in somalia, Tliab whose interests lie in her country, not in America- and some other female whose interests lie in her native country too- More and more we are gettign people in congress and such whose interests are not in America- but rather in their own homelands-
Dig deeper my friend. It is another corrupted Senile Joe “deal”. Japan has suddenly started buying huge amounts of US Treasury debt to take up for the huge amount of buyers selling off.
A few months ago the Fed had to purchase $200 billion of Treasury debt notes, no takers. Previous to that Japan was selling off the debt instruments….then suddenly does a 180 and starts making huge purchases.
Do note- the Fed stated last week that $$$ 2 trillion of debt notes were coming due this year….keep in mind we are now paying $$$ 1 trillion in interest payments alone….the “ thinkers” know what that means.
This is complete bullshit
Nippon is a heck of a lot better buyer than Cleveland Cliffs, who tried to fuck US Steel shareholders with the cooperation of the Biden morons and the union leadership.
I’d rather have a Japanese owner these days than pretty much any other country. They learned with moving auto plants to the U.S. how to handle the market.
Maybe their union contracts contributed to why the American owners of U.S. Steel wanted out. Let’s see how long Nippon Steel can keep it’s U.S. mills running profitably, or will the unions make the situation even worse.
My Dad started a metal fabricating business in the early’60s. He and Mom were fairly successful locally, he had over a dozen employees at one time. One thing he complained about back then was “cheap Japanese steel” in the US market.
What concerned him at the time was the quality- he didn’t think it met U.S. standards. I don’t know whether it did or not. He also railed against labor unions. He didn’t like their business practices- and after WWII he was an iron worker, and a union member.
He fought against the Japanese, and up to the day he died, he hated them.
I know things are waaay different now, but Dad would be spinning in his grave if he was aware of what is going on .
The silver lining though is the union gets the purple shaft. Just like the pipeline workers uhion.
I dont think Japanese companies have unions...
Good ruck with arr that
Bad news for steel workers...
The Japs require paid employees to earn their pay...
Manufacturing? We don’t need no stinking manufacturing! We got services!! /s
They will still vote for democrats who killed their industry.