joshuaf's Link
Corporate Welfare, gotta' love it!
joshuaf's Link
"new government incentives"=Taxpayer Cash, in one form or another.
I'm old enough to remember when a lot of Republicans thought the Government shouldn't be in the business of picking winners and losers.
If you remember Trump said the economy is better under Democrats.
Government incentives are the way this stuff works and always has.
Critical thinking? Sitting on their hands, as the status quo in Washington, is about to get some dirt under its nails. Trump is moving all things in the right direction to the chagrin of some here. Every Trump Triumph is a indication of how out of tune people can be to a sweet sound.
The Rock
*sigh* shakes head sadly....
Name calling to commence in 3-2-1...
And that is the main factor of why Trump won.
When a cat utilizes their litter box they cover up their excrement when they have completed. NEVERTRUMPERS, such as yourself and many here are now forced to use that same "litter box"| to cover up their own excrement that was on display in their choice of candidates in the primaries, the general and now in humiliating defeat as Trump continues to raise eyebrows. Keep talking in negatives it fits you well. Apply the latter analogy however you please to yourself and your buddies of like mind.
The Rock
Trump could piss 24 kt. golden rope on some people and they will complain they are getting wet.
The Rock
First of all, you ain't near as deep as you think you are with your sophomoric analogies. I voted for Trump, held my nose whilst I did it, but voted for him nonetheless. I fail to see how questioning politics as usual as being negative or a "nevertrumper". If I wanted the government to pick winners and losers I would have voted for a continuation of the failed Obama policies and voted for Hillary. Your failure is that you can't see past the choice you've already made and therefor are unable to even question your own choice. Whatever, clean up when you are done.
And therein lies the rub Tom; your actions do not put you in either category, however, the handy, repeatedly dispensed sobriquet ("neverTrumper") eliminates the need for answers to your questions even being considered, let alone provided.
I'd place it one notch above the old parental adage to the questioning child, "because I said so." Who knew our parents had the ultimate debating tool all along.......
You are right. What else can I say?
The Rock
I don't know what the deal was, or what someone who is not even in office can do or promise. If it is current contracts threatened..... I don't believe the President has the constitutional authority to do so? But then many of his supporters clearly would wizz on the constitution, 24K or not, even as they railed about Obama doing so. Possibly make some backroom deals with Congress?..... (wouldn't that be politics as usual?)
As stated, I'm not letting those on the sidelines with the pom poms tell me what I should be thinking about the game I'm about to watch that hasn't even started.
I read a story today that United Technologies (UTX), Carrier's parent company, which has beaucoup Federal Government contracts supplying jet engines to the U.S. Armed Forces, decided that this relatively small thing with Carrier wasn't worth incurring the wrath of the new administration (i.e., they didn't want to take any chances of endangering their supply contracts with the Military), and that, combined with the new government subsidies offered by Trump/Pence caused them to decide to keep part of the Carrier workforce in Indiana. For the time being. Though they're still sending a bunch of those jobs to Mexico.
Beyond that, they have no business being involved in commerce and/or picking winners and losers, nor in offering special deals for any business in any way. PERIOD!
The Rock
Money goes offshore because the tax climate is far more reasonable than it is in the USA.
Thanks to Obama/Pelosi/Reid, we have the highest corporate tax rate in the world, which is really a tax on consumers, as corporations only collect taxes, they do not pay them.
Thus, high corporate income taxes are paid by consumers, thereby encouraging companies to manufacture what they make in Mexico, China, Taiwan, et.al.
American workers are more productive than any other workers anywhere. So if you reduce the costs of doing business in the USA, you'll bring jobs back to the USA and thereby increase employment and wages.
That may have been true at one time In America but the landscape has changed dramatically from our heyday of brick and mortar factories. Electronics has ushered in a new wave and workforce that is not compatible to the American ideal of manufactured production for profit without a complete refitting. Thus the rush to leave for companies to profit. This attempt to return jobs in VAST numbers that will impact economic growth will be something to behold. I personally do not think it is possible without government involvement and investment.
The Rock
The Rock
The Rock
gflight's Link
Rocky, "gflight, It is 1932 and the country's unemployed who are demoralized is sweeping the nation. Theodore Roosevelt and Robert Fechner devise the CCC ."
I see us at the same point but maybe this approach........
NVA "Rocco, Money goes offshore because the tax climate is far more reasonable than it is in the USA. Thanks to Obama/Pelosi/Reid, we have the highest corporate tax rate in the world, which is really a tax on consumers, as corporations only collect taxes, they do not pay them. Thus, high corporate income taxes are paid by consumers, thereby encouraging companies to manufacture what they make in Mexico, China, Taiwan, et.al. American workers are more productive than any other workers anywhere. So if you reduce the costs of doing business in the USA, you'll bring jobs back to the USA and thereby increase employment and wages."
"Trump nominees map out plans for tax cuts, trade and Carrier-style negotiations"
President-elect Donald Trump’s nascent administration on Wednesday began outlining the contours of its strategy for jump-starting the nation’s economy, including how it would overhaul the tax code, rethink trade agreements and directly negotiate with major corporations.
Treasury secretary nominee Steven Mnuchin rejected claims that Trump’s tax program would benefit mainly the wealthy, instead highlighting plans for a child-care tax credit and a middle-class tax cut.
“There will be no absolute tax cut for the upper class,” he said on CNBC. “There will be a big tax cut for the middle class.”
On Wednesday, Trump’s new economic team said that overhauling taxes — particularly cutting the corporate tax rate — would create incentives for businesses to invest and hire more workers, eventually resulting in higher tax revenue.
Trump's Carrier deal is just cronyism as usual https://t.co/kpeiJ93pZk
— Allahpundit (@allahpundit) December 1, 2016
Trump's Carrier move: economically ridiculous,
— David Freddoso (@freddoso) December 1, 2016
political gold,
WAY cheaper per job than 2009 stimulus, per CBO https://t.co/MC6eByPYk0
Yes, Crony Capitalism Is Bad Whether It's Obama Or Trump https://t.co/aey8q3mH1g pic.twitter.com/25HZ9QS3z7
— Ben Shapiro (@benshapiro) December 1, 2016
No One will change Government interference in the economy especially with our reality show voters here in the U.S.
I see this as better than the alternative and both parties agree the tax code is to complex and money is going overseas.
The amount of unrepatriated foreign profits reached $2.4 trillion, according to Citizens for Tax Justice, allowing companies to avoid up to $695 billion in taxes. The total for foreign profits is up from $2.2 trillion the previous year, according to the advocacy group which reviewed the Securities and Exchange Commission filings of Fortune 500 companies. Apple, Microsoft and Pfizer increased their stockpile of overseas profits the most.
Your kidding right?
Liberals typically believe that government is necessary to protect individuals. You guys are portraying that his actions are not liberal or YOU are not the one supporting Liberal Policies. Talk about Bizzaro world......
President-elect Donald Trump on Thursday warned that the government would punish companies seeking to move operations overseas with “consequences,” setting the stage for an unusual level of intervention by the White House into private enterprise.
That is a Democrat folks.....
Just wow. Not the Party of Reagan anymore. “The free market has been sorting it out & America’s been losing,” Pence https://t.co/f6fQHKasmv
— Jonathan Weisman (@jonathanweisman) December 2, 2016
From the story:
"The president-elect warned Gregory Hayes, the chief executive of Carrier’s parent, United Technologies, that he had to find a way to save a substantial share of the jobs it had vowed to move to Mexico, or he would face the wrath of the incoming administration."
_________________________________________________________________________
People. It is not the job of the U.S. President to threaten a non-Governmental employer with negative financial consequences because they are taking action to protect the financial health of their company. Period. If you think it is, you are not a Constitutionalist, you're not a supporter of Free Markets, and you're not a Conservative. And you're also pretty fuzzy on basic economics.
A bunch of Partisan Hypocrites and Democrat wannabe's have been hiding in plain sight here for quite some time apparently.
Some people are enamored by their betters. Look at the cult following of the first "half black" president. No objectivity from these folks....
No Gerald, that is a fascist. The fact that "conservatives" are actually advocating such policies is sickening. Cue up the "nevertrumpers", "butthurt", and other inane tripe.
Solo,
"On my way home this evening, I heard Mark Levin whining about this, and yelling how it's not a president's job to be 'making deals' with free market businesses. But I view this from a different angle than Mark does.
I say, it IS a president's job to reason with American corporations that threaten to harm our workforce like this. But the reality is that not just any man is able to reason with other businessmen on this level. "
Point to the clause in the constitution that authorizes him to pick winners and losers. You know, like Obama did.
His job is to help create an environment where ALL businesses can thrive OR fail based on a market driven economy.
You so funny.....
With each succeeding post you are discounting the useless reams of paper that you have never learned. You appear to be the quintessential boy at the dike with eleven holes to fill, all within arms reach, two thumbs eight fingers and a quizzical look. You are comical and I like your style and choice of recreation. Continue to post and do not allow proof reading to sway you otherwise. Departing from serious engagement appears to be your playground. The things you say. You are funny and amusing. ;-)
The Rock
As a CFO, I have let vendors know that if they use our competitors they can expect our business to go to a vendor that is more of a partner to us. Why would I give business to a vendor that doesn't support me back?
slade, You have reduced this man to the babbling run on sentence that he is. His recent post is a classic example of losing control. Shame on you slade. You do not seem to realize the meaning of the word DEBATE. he he he he he.
The Rock
The Rock
Damn. Don't take everything so seriously. I get ripped on the CF from pillar to post and many times, some would say most, it is warranted. Shrug it off. You can't hate Trump that much.
The Rock
Maybe what Trump did was TOTALLY in support of free enterprise and conservative principles. All he had to say was that whatever cheap labor angle you are playing is going to be changed and that advantage likely taken away soon. So it would therefore be the best free enterprise and capitalistic approach to stay here. Plus the good will you will get via Trump's bully pulpit.
US companies leaving for cheap foreign labor and a lack of regulations is free and fair game? But Trump making the case that those advantages are going to be reduced and the American market improved is some horrid strong arm extortion? So silly.
I guess butt-hurt logic forbids one from looking at all of the free publicity Carrier gets for saving American jobs. Nope, not only are the Know-Nothings political geniuses, they are also Marketing savants.
joshuaf's Link
The Costs of Protecting 800 American Jobs
follow link, formatting in the original won't allow for easy copy/paste here.
The Rock
Here is some advice for you: it is better to be silent and let the world assume you are illiterate on how Free Market Capitalist economies work, than to open your mouth and remove any doubt. Whoops, too late. Guess I should have mentioned that as a caveat when posting the link.
"Five minutes? If that article requires five minutes to read and understand"
It did for me, and I understood it just fine. Maybe I see part of your problem.
The Rock
