20 • July 4, 2016
DISCONNECTED JOTTINGS FROM I write this on the morning of the announcement of Brexit. “What’s that?” you say. It sounds like a breakfast cereal that has the same effect as All Bran.
TONY MOORBY
global influence. There’s another example of an American Embassy abroad that’s out of touch with local sentiment and not keeping the boss informed. It’s a load of codswallop any-
Tony Moorby
• 40-year veteran of the industry • President from 1997–2000 of ADT Automotive • Served as ADESA’s executive vice president of sales and marketing • Moorby & Associates 2006–present • Awarded the Ring of Honor by NIADA • NAAA Hall of Famer
In fact, it’s the seismic maneuver of Great Britain leaving the European Union after 43 years. It’s much too early to posture all the ramifications and there has already been a great deal of hot air let off, some of it the doomsday variety and some of it heralding a new future. Even President Obama, on his recent trip to the UK, ‘warned’ that relationships would suffer if Britain were to leave, as America now prefers to deal with larger entities with more
USED CAR NEWS
way. Anglo-American relations may have got off to a rocky start, but our two nations have enjoyed the best of understandings culturally, economically, strategically, financially and we even share the same language – almost! There’s no reason that I can see why any of that should change. I do understand that many American businesses used the UK as a ‘gateway’ to Europe, housing offices and manpower there for the purpose of
easing the burden of getting visas for every country, but I’m sure the attraction of doing business in Europe in this online world won’t suffer one jot. The markets dipped the morning after and the pound lost a few pence against the dollar, but markets don’t like uncertainty of any kind. The financial markets, of all people or functions, usually adjust to new circumstances quicker than anyone – like water finding its own level. For many Brits it means going back to a freer society, unbound by a decaying, overregulated entity, bloated with an expensive bureaucracy of layer after layer of management and oversight. The European Parliament is a monument to overblown big government, out of touch with its 28 member states, blindly legislating its way to, often unnecessary, rules and regulations that sometimes defy logic. Another concern is over the control of its own borders, which the European Union has totally lost. Britain is a small country that now houses
C R O S S WO R D
over 72 million people and a free-for-all immigration policy has meant that social services, healthcare and education can now no longer bear the financial burden and are under enormous stress. By immigration, I don’t mean refugees from places like Syria. I’m referring to folks moving from Italy, Greece, Slovenia, Poland and the like who move to the UK and still can’t get work, but because of European rules the Brits have to pay for their upkeep on the dole and provide housing, which is already in short supply. British Law, based on precedent from the Middle Ages, can now be overruled by The European Court of Justice in Luxembourg and The European Commission can push and shove its way into all walks of life in any of the member states. Originally the six nations that formed the Common Market or the European Economic Com-
To see past columns from Tony Moorby, visit www.usedcarnews.com/columnists/tony-moorby Digital version available at usedcarnews.com
By Miles Mellor
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munity got together to protect its industries back in the ‘50s, which were primarily farming, coal and steel and to level tax rates on goods at their borders – all very well in theory. Over the years, protectionist tax rates for individual countries have crept back in. In the automobile industry, take BMW for instance who sells 20 percent of its production to Britain, there is likely going to be no change in demand or a lack of desirability to sell into the UK market. The only people to really suffer will be the European Members of Parliament who’ll have their noses jerked from a very lucrative trough. Good riddance. It’ll take a little while for things to settle down but they will – unless others realize that the European super nation is a failed state and decide to leave, too. That would really be like that cathartic breakfast cereal.
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Solution to this puzzle in the 7/18/16 issue. Call 1.800.794.0760 for a FREE subscription.
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