straightUp wrote:
"basis"
Also, your focus on "the company" betrays your failure to understand the point being made in the original post which applies to the nation-wide economy, not just one company. Don't feel too bad, your friends didn't do any better.
I don’t feel bad at all ... You look to spin the facts to justify your disdain of President Trump... I get that .....
The tax cuts are in place now for this year not what happened last year.. Harley has been having negative sales for a few years now..
As you pointed out the “nation wide economy” is better now than the last 10 years...
Real gross domestic product (GDP) increased at an annual rate of 2.3 percent in the first quarter of 2018 (table 1), according to the "advance" estimate released by the Bureau of Economic Analysis. ... Current-dollar GDP increased 4.3 percent, or $211.2 billion, in the first quarter to a level of $19.97 trillion.
https://www.bea.gov/newsreleases/national/gdp/gdpnewsrelease.htmNext report coming out May 30th suggested it will be over 3% again.. How nice that will be...
Another for your consideration...
https://www.bea.gov/newsreleases/Did you by chance get your article from FB????If so don’t feel bad~~ a lot of people gleaned it a negative for Trump ..You weren’t alone..
And finally from Snopes, which I put no stock in
This Facebook post is largely based on a 9 March 2018 MSNBC segment that featured reporter Garrett Haake speaking with employees at a Harley Davidson plant in Kansas City, Missouri. Some viewers, including the above Facebook poster, may have been confused by the segment, as it did not clearly state that Harley-Davidson first announced that this plant would be closing in January 2018 — more than a month before Trump made his tariff decision.
It is true that some American companies have expressed concern about how new tariffs may affect their business going forward. It is also true that Harley-Davidson will soon be closing a plant in Kansas City, Missouri.
However, these items are not directly related. In fact, Harley has planned on consolidating production at the Kansas City plant since 2015, before Trump was even in office; when the company made the announcement, it said that it was due to slowing motorcycle sales:
Harley-Davidson’s sales fell sharply in 2017 and the company will move ahead with a plan to consolidate manufacturing operations, including the closure of its Kansas City, Mo. plant.
The world’s largest maker of heavyweight motorcycles has struggled to reverse a four-year sales slide, with growth overseas somewhat helping offset a decline in the U.S. bike market.
Additionally, Harley-Davidson announced in 2017 that it would be opening a manufacturing plant in Thailand. However, Harley said at the time that the decision was made to better serve the burgeoning market in southeast Asia, and that the decision would not affect manufacturing in the United States:
The Thailand facility “will allow us to be more responsive and competitive in the ASEAN region and China,” Harley-Davidson public relations manager Katie Whitmore said.
“Increased access and affordability for our customers in the region is key to growth for the company in total,” she said. “There is no intent to reduce H-D U.S. manufacturing due to this expansion.”
The plant would let Milwaukee-based Harley-Davidson avoid Thailand’s up to 60 percent tariff on imported motorcycles and help it get tax breaks when exporting to Thailand’s neighbors, thanks to a trade arrangement among members of the Association of Southeast Asian Nation (ASEAN).
Harley opened a plant in India in 2011. It also assembles motorcycles at a plant in Brazil.
<snip> more to read if you wish...