Tom Ellsworth
👤 PersonAppearances Over Time
Podcast Appearances
companies diversifying their supply chain, all of which is calming things down.
companies diversifying their supply chain, all of which is calming things down.
Good for you, Ford. And by the way, can I add something? Please. Alan Mulally. Does anybody remember who Alan Mulally was? When it was time for TARP, the CEO of Ford was Alan Mulally. And, by the way, I spoke to him for about five minutes at the famous Jobs and Gates event.
Good for you, Ford. And by the way, can I add something? Please. Alan Mulally. Does anybody remember who Alan Mulally was? When it was time for TARP, the CEO of Ford was Alan Mulally. And, by the way, I spoke to him for about five minutes at the famous Jobs and Gates event.
And he was there talking to Microsoft about putting Microsoft Sync in Ford cars. Remember when the dashboard was Microsoft Sync? And here's what he said there. I didn't take a private jet to the hearings. Remember when the automakers were summoned to the hearings on Capitol Hill at the time of TARP? I didn't take a private jet, number one. Number two, Ford paid it back.
And he was there talking to Microsoft about putting Microsoft Sync in Ford cars. Remember when the dashboard was Microsoft Sync? And here's what he said there. I didn't take a private jet to the hearings. Remember when the automakers were summoned to the hearings on Capitol Hill at the time of TARP? I didn't take a private jet, number one. Number two, Ford paid it back.
the part that they took, but they didn't take the big part. So if you look back at times of economic crisis, like 2008, 2009 with Ford, and now you look now, there's been something with Ford as a company that has not taken from America and has tried to, and I think this is legacy of vision and leadership because it goes all the way back then.
the part that they took, but they didn't take the big part. So if you look back at times of economic crisis, like 2008, 2009 with Ford, and now you look now, there's been something with Ford as a company that has not taken from America and has tried to, and I think this is legacy of vision and leadership because it goes all the way back then.
And I give credit to them and I give credit to CEO Farley, well done. And I also go back to Alan Mulally and what they did back at that time.
And I give credit to them and I give credit to CEO Farley, well done. And I also go back to Alan Mulally and what they did back at that time.
I don't have the receipts on it, but my memory is exactly what yours. We're watching. GM took it as a permanent government grant.
I don't have the receipts on it, but my memory is exactly what yours. We're watching. GM took it as a permanent government grant.
I love it. I love it. Yeah, absolutely. Tom, thoughts? Well, first of all, absolutely right, and it's having an effect. Because guess what China also did? China has caved on the 125% tariff for ethene. Now, you don't think about it. What's ethene? Sounds like a makeup, doesn't it? Ethene is a gas that when you process it, it makes ethylene.
I love it. I love it. Yeah, absolutely. Tom, thoughts? Well, first of all, absolutely right, and it's having an effect. Because guess what China also did? China has caved on the 125% tariff for ethene. Now, you don't think about it. What's ethene? Sounds like a makeup, doesn't it? Ethene is a gas that when you process it, it makes ethylene.
And polyethylene, also known as PE, is pronounced plastic. We send... and China blinked on a tariff on exports so they could get the Athene. And guess what? They did that yesterday. So they're starting to blink, and they're starting to have issues. The president is right. They can't survive at certain things, but they don't care about their people, and they will go long on pain.
And polyethylene, also known as PE, is pronounced plastic. We send... and China blinked on a tariff on exports so they could get the Athene. And guess what? They did that yesterday. So they're starting to blink, and they're starting to have issues. The president is right. They can't survive at certain things, but they don't care about their people, and they will go long on pain.
They will go long on pain on certain things. China absolutely will. But the president's absolutely right. And he's also right to... The reporter, once again, is trying to put a statement out and let the statement indict the president. And he's like, you don't know that. You don't know what the tariffs are going to work on or off or what they're going to do.
They will go long on pain on certain things. China absolutely will. But the president's absolutely right. And he's also right to... The reporter, once again, is trying to put a statement out and let the statement indict the president. And he's like, you don't know that. You don't know what the tariffs are going to work on or off or what they're going to do.
But he says, I think they're going to eat the tariffs. In other words, eating the tariff means, crap, we're going to wait this thing out. That's what we're going to do. And we're going to win this thing on time. We're going to take the long game. We're going to eat it. In other ways, like on Athene, they need the Athene because they can't make plastic without it.
But he says, I think they're going to eat the tariffs. In other words, eating the tariff means, crap, we're going to wait this thing out. That's what we're going to do. And we're going to win this thing on time. We're going to take the long game. We're going to eat it. In other ways, like on Athene, they need the Athene because they can't make plastic without it.