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[–] 161 points 3 years ago (3 children)

Cramer built his career on misleading investors to pad hedge funds’ profit margins. His opinion on literally everything should be immediately discarded.

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  • [–] 111 points 3 years ago (2 children)

    Jim Cramer is a piece of shit

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  • [–] 80 points 3 years ago (2 children)

    Wait, don't these assholes complain about Immigrants stealing jobs of Americans? Now, they want to send the jobs overseas?

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  • [–] 79 points 3 years ago* (1 child)

    Why does Jim Kramer hate America?

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  • [–] 44 points 3 years ago

    Mexicans should unionize.

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  • [–] 43 points 3 years ago (7 children)

    Well, who's going to move all the existing tooling to factory sites in Mexico then? Where are they even going to find good factory sites in Mexico with access to good transportation (ports and rails) and skilled labor force on such short notice?

    Moving manufacturing is a major undertaking for any company, of course, I don't expect someone like Jim Kramer to know that.

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  • [–] 32 points 3 years ago (4 children)

    Of course Jim Kramer doesn’t know, he’s a doorknob humping shill. 😂

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  • [–] 14 points 3 years ago (3 children)

    Pretty weird that I know more about this than Kramer.

    Maybe I should do a show where I say dumb things and give bad stock advices. Seems pretty easy.

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  • [–] 14 points 3 years ago (1 child)

    There's already car manufacturing in Mexico, it's not like it's unprecedented. Obviously they can't do it overnight, but it's not unheard of.

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  • [–] 14 points 3 years ago

    Of course, but the thing is, it's been decades since NAFTA, and all the good sites for manufacturing has all been taken by someone already. So, if they try to move now, not only will they have to build the factory, they'll have to also build power stations/railways/port expansions, which could take multiple years.

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  • [–] 40 points 3 years ago (5 children)

    Anyone remember when he went on The Daily Show and Jon Stewart scolded him like a naughty child and he couldn't do anything but sit there and take it? Good times.

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  • [–] 15 points 3 years ago (4 children)

    Got a link by any chance? Jon stewart scolding somebody is a fun 5min entertainment while on the shitter.

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  • [–] 34 points 3 years ago (6 children)

    Isn't that the go-to threat from most companies nowadays? "If we don't get our way, we're MOVING TO MEXICO"

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  • [+] 15 points 3 years ago* (last edited 2 years ago) (4 children)
  • [–] 8 points 3 years ago (1 child)

    I joined the auto industry around 5 years ago. It blew my mind to some extent to be made aware that some ~25 years later, the effects of NAFTA are still to be fully realized. I had assumed that enough time had passed that any economic rebalancing would have been complete.

    The potential is there and ripe for industry to whole cloth make the move to Mexico. My company for one is rumored to have an unwritten rule that they don't do new construction in the US, despite being a US based company.

    Only a few crown jewel US locations are really well managed and supported.

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  • [–] 8 points 3 years ago

    Not always Mexico, but yeah outside the US. Many of them have followed through with that. As capitalism pushes harder and harder for profits companies continue to look for ways to cut costs. Moving production to countries with cheaper labor and lax safety regulations is an easy way to do so.

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  • [–] 29 points 3 years ago* (last edited 3 years ago)

    Anybody that thought Cramer was for anything but infinite rise in profit no matter the cost hasn't really been paying attention to his entire history of shilling for corporate interests.

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  • [–] 28 points 3 years ago

    Is Jim Cramer still a POS? Yep!

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  • [–] 28 points 3 years ago

    After they hear this, I expect the big three to immediatly cease all manufacturing in Mexico and add a UAW seat on the Board of Directors. Cramer's advice should never be ignored.

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  • [–] 26 points 3 years ago (2 children)
  • [–] 22 points 3 years ago (2 children)

    Hasn't VW proven that's a bad idea? I mean look at the reliability issues they've been having

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    [+] 18 points 3 years ago* (last edited 2 years ago) (5 children)
  • [–] 23 points 3 years ago* (1 child)

    Although Henry Ford was a fucking Nazi, he had a lot of good common sense business and economic points. He made sure all of his employees could easily afford the cars they were building and it made an empire.

    How did we get to this point where a large portion of the country somehow believes workers shouldn't be able to afford to buy anything?

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    [–] 16 points 3 years ago

    Move the executive jobs to Mexico too

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  • [+] 13 points 3 years ago (1 child)
  • [–] 9 points 3 years ago

    They'll find out that they have to pay the Cartels a big tax.

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  • [–] 8 points 3 years ago

    And in response to that we should [REDACTED] him.

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  • [+] 7 points 3 years ago* (last edited 3 years ago)
    [–] 6 points 3 years ago

    checks index

    Yep this would be a bad idea.

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