CNN's Erin Burnett learns about a new innovation by Volvo and what Germany really thinks about America.
Good grief Erin. You have juicy stories like the "McCarran-Ferguson Act" that would open the opportunity for federal regulations on insurance companies but you wont since you work for the top 1% and instead will do these stupid fluff pieces. Good grief.
I think it is unfair to accuse Europe of a crisis that originated within the American banking system.
They're not "taking shots" at us, and the country of Germany didn't write that article, a car snob did. Guess what: he was right. But Saab was on a steady decline for quite some time with many a flubbed vehicle. I'm not one to write comments on here but whoa is this video (and presenter) stupid.
She says "I happened to be reading this article" – if you were reading the article, chances are you are a car enthusiast, and if you're into cars that much you should know how many of Saabs models were flubs and how the company that took over did so mainly to sell replacement parts for the cars that were already on the road.
Dear Ms. Burnett:
Are you sure you meant "continent"?
Hugs and kisses,
Erin, I really like your show, its usually my diiner preparation time in the kitchen. We might not always agree on everything, in general I like your witty provocative style! But here on this story you hit me deep in my little German stomach! You commented on an article from a really left outfront German magazine, well respected over decades. I did myself drive a Saab 15y ago, a great safe car but that is no longer true. I guess there is no doubt that German cars are great, that's why they are so successful in the US and around the world. We can argue here for and back! And in your statement about finding something bad about Germany, you could have done a better homework, or your people. "Germany bringing down a whole continent" last time I checked Germany has a great economy and is paying the bills for Greece for example...and doing everything that the European idea can survive. Angela Merkel is doing a great job at staying on top of this issues not always making friends in Germany! Believe me as a German, I am very proud about a lot of German things and ideas, I do not like everything and having traveled and lived around the world, I have a very clear outside view of Germany. But I think being "outfront" should also mean sticking to the facts, and maybe you or your people should have talked before that comment with Fareed or his people. He does a great fair research, week after week and I'm sure if you were looking for something bad, well researched about Germany he and his people could have helped you!
But now I better be careful to believe what you say! Too bad.....I thought you were different than the others.....outfront, direct, factual, female perspective.......
Good luck Erin, and be careful never get cought in German car! :-))
It's not Germany that's bringing down the rest of Europe. They seem to be doing quite a good job of that themselves.
Germany is sensitive about American car companies' mismanagement of European subsidiaries not only because of Saab and Volvo, but also because of Opel. General Motors has been a miserable steward of Opel for decades. Your comment implying that Germany is responsible for the euro zone crisis is unfair. Germany has been more than generous with Greece. Unfortunately, Greece never belonged in the euro zone. Keep reading Der Spiegel.
Erin, what's the point in slamming Germany by pointing out an opinion of a magazine published there? What good does this do? So the Swedish mag doesn't like US auto makers? Whoop-di-doo... There's plenty of American mags that would slam them too. This was a waste of production time, money and "investigative" effort. That money used could have fed starving children.
So far Germany has been one of the most productive countries in the world... with 80 million people (comparing to 300 million Americans and 1.3 billion Chinese) and the smaller geographic dimensions of the three, Germans are also pulling Greece and Spain's troubles on their backs!
I find the parallel that is drawn here between running an international business and good government somewhat troubling.
Since when is it the purpose of government should be "to make profit"?
Is the purpose of the government not to organize things that business exactly can or doesn't want to take care of?
I would have to disagree with the pointed picture that is painted here.
I don't understand how it is helpful to make a connection between an analysis of car manufacturers in a global market, their role for nationalistic sentiment (e.g. interpreting a negative assessment of Ford/GMs takeover of Saab and Volvo as an attack on American national pride?), and then connecting it with sentiments against the policy of a nation within Europe (Germany as supposedly ruining a continent... *again*?)
I'm especially annoyed that a German magazine is not allowed to call things by their name... for what reason again?
It almost sounds like the true reason is Germany's Nazi history?
I don't think it is fair to say that Germany is "endangering a continent" right now. It seems that it is struggling with its role to save it in some way.
The car companies are miserable, but the economics are the worlds problem. You cannot have a world economy based on say 6 or 7% growth. It cannot expand forever, because the universe, let alone the world is not that big. Eventually a collapse must come. The big finance guys and the politicians, especially the folks who get rich by speculation, hope to dump the mess on someone else. So, what if they wreck millions of lives and damage the ecology? They think they are better than us. They even claim that their luxury spending creates jobs.
Even Snooki won't use American cars. Bring down Europe is collective failure of all Eurozone countries. Germany alone is not responsible. Do your homework.
Hi Erin; I enjoy your new show as much as your previous financial show. But, I would disagree with your comment about the Germans completely. I think General Motors and Ford could learn much from German Auto Makers, especially the financial aspect of having a profitable business model. Also, after comparing German Automobiles to other makes including from this country, the phrase "that's the power of German engineering" is in my opinion completely true.
Well, as far as countries running a smart, low debt economic model, neither America nor Europe have any bragging rights. We in the USA had a republican administration encouraging economic growth through bank loans to anybody at all; their form of welfare I guess– and the European banks making billions in risky loans to fund way to generous social programs, all over the continent. The root problem is, no one wants to admit reality and live within more reasonable means!
You are a liar. The bank loans came from Democrats and the bank over site committee lead by Barney Frank insisting any restrictions on people who were not qualified to get loans was discrimination. The Republicans tried repeatedly to get restrictions on leading banks and the Democrats voted it down. The Democrats had majority in Congress for 07-10 and the last year was a super majority. No budget, no tax reform and here comes Obama the messiah he has spent nearly 6 trillion in less then 4 years. Bush spent 4.3 trillion in 8 years. Where are we as a result? The economy is Booming right? WRONG. Don't believe it? Go you tube "Barney Frank Bubble"
You've been mislead. Democrats - or rather, non-conservatives - pushed for loans to any and all. Granted, Repubes didn't fight it that much. Conservative leaders now are pushing very strongly to run the government within its means, but no one will listen. Dems and RINOs have no problem continuing to spend money we clearly don't have.
-Er, Erin, It was The American Fiasco -with Lehman Bro.s and Bear Stern at the core- of ALL of OUR financial problematics....GLOBALLY. GET IT? You'd think you're American ego could take the truth! GET IT? SERIOUSLY!
J, that is one theory. Author Alvin Toffler predicted this chaos because of the change from the industrial age to the cloud age. Much like the UK 60 year farming depression when the industrial age replaced the worker and America was the China with cheap exports to the UK of food.
There isn't going to be a cloud age. All dreaming that will not materialize.
Yes, get rich without creating anything, or even cleaning up. No one chip in, just get rich and "create jobs" by buying houses and selling them for more. That way you will "create jobs". The economists write vast journals full of useless differential equations while assuring that everything will be OK when the price of housing starts rocketing up again. No "wage-price" inflation, the economists will tell you housing costs magically do not work that way.
I do not think you reply is related to my post.
In the UK, when machines replace the farm worker, the farms produced more crops fewer employees. I think more food is the opposite of what you wrote "without creating anything"- a government could not solve the problem of innovation.
In 1972 I bought a house in Colorado Springs for $35000. Three years later we sold (Actually, the realtor) for $45000. A couple years ago, a friend told the hose cost $275.000 So, I kind of know why America is where it is.
Kind of sad that we are the way we are. When Bush was "appointed" in 2001, I knew it was time to get the hell out of there. I moved to Frankfurt, Germany. It's quite allright in Germany. I don't the stupidity I see back home.
J, what was at the heart of the EU problems? Someone had to buy all those bad bonds and EU banks couldn't get enough of them. Even as warning bells were ringing here the bonds kept selling. Greed was at the heart of the matter, and timing. You see the American banks had an idea it was all headed down so they began measures to get as much of that stuff off the books and out of the pipeline. EU banks never really did much work ensuring the bonds were good, too bad they were the ones left standing when the music stopped. Was it your intention to point out the one thing that apparently trumps the American ego?? EU greed. Your problems are your problems deal with it.
I am really disappointed in you because of your comments on the story about “Game of Thrones” It’s clear you made several bias leaps of logic in your commentary about the director’s motivation and also in your pontifications about a lack of response from “others”. First, you insist that you have an omniscient understanding of someone else’s motives yet you cite none. Second, you suggest that President Bush was more ridiculed than President Obama But do you remember the Birther Movement, the comments on the ”Mau Mau Revolution”, The death panels, the dancing in the end zone, spiking the ball on the 1st anniversary killing of Osama Binladin, and etc.) Finally, there is probably no uproar about the use of President Bush’s head on a spear because we just heard about it today when you told us about it. I get it, you want to appear “fair and balanced” , equal in your criticism of the “left” and the “right”. However, you appear to be just another “elite media” person flaming the fires of division in the US for no other than ratings and personal aggrandizement. Shame on you! Yes, all people should respect the office of the presidency and not be encouraged to be disrespectful to the office address some former or future perceived wrong by a political/philosophical rival.
Erin – I like your show but the bit about Germany was truly disappointing in it's inflammatory rhetoric without factual accuracy. Ask "the Germans" how much they like the idea of pumping billions of Euros into other European countries after finally reaching a low unemployment rate and more economic stability following decades of recovering from unification with all its economic challenges. I agree that austerity is not the answer – it's not the answer in this country either despite the Republican slogans – but to claim that Germany is "a country set to bring a whole continent down" is simply reinforcing the old and easy anti-German rhetoric – "you know, those Nazis over there who tried before to kill the world". As a citizen of both countries and a staunch liberal, I had hoped that we had moved beyond the Hogan's Heroes stereotypes.
Oh contra ire! Germany is holding Europe together! And they should be proud of their economy, and their manufacturing success.
As a German living in the U.S. the tone of this segment caught me a bit off guard ... not taking this to "seriously" but can help to feel a bit surprised about CNN.....
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