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- Topics: Active | Unanswered
- Smoking Guns
- Rep: 330
Re: US Politics Thread
Sub prime Auto loan delinquencies are at their highest since 2010. Keep an eye on this. Is there about to be a car bubble?
Re: US Politics Thread
Guys, it worked on this one so far. This will help 1,000 folks have a better Christmas. I don't care what they did to keep them here, they did it. Obviously it can't be ridiculous but this was a good thing no doubt.
"these jobs are goin' boys....and they ain't coming back....to your hometown...."
Bruce Sprinsteen
- Randall Flagg
- Rep: 139
Re: US Politics Thread
The Ford thing wasn't true, James. There was going to be no lost jobs to Mexico, it was a huge fat lie Trump told on Twitter. Yeah, Carrier was just one, there are way more manufacturing jobs in Indiana that are going to Mexico. I'm happy anytime jobs are saved, but I was reading that Carrier was going to save something like 68 million a year by going to Mexico. So I'm a little concerned what devil is in the details here. I've heard the employees would have to have their pay cut to at least $5 an hour. And another concern, whatever deal they're getting, what's going to stop more companies from going to Washington asking for a deal or threaten to go to Mexico. Let's see this play out.
Trump has hired nothing but inside Wall Street guys so far.
So maybe Trump helps end the absurd wages unions demand for unskilled labor, which makes outsourcing jobs less desirable?
Our last president got a noble prize for making people feel good before he was even sworn in. This one has raised the DOW to a record high and saved thousands of jobs before he was sworn in. I'll take reality over the hugs any day.
Re: US Politics Thread
Remember when Obama saved over a million car manufacturing jobs and they called him a socialist?
Yeah and I supported that. Civilization was on the verge of collapsing...entire industries at stake. He had to do something. I don't remember it being a million jobs but either way, it had to be done.
I don't care what they did to keep them here
Me either. Of course they will get major tax breaks for keeping them here to offset the losses but there's nothing wrong with that.
what's going to stop more companies from going to Washington asking for a deal or threaten to go to Mexico.
Let em go to Washington. Obama ran twice saying he was going to offer tax incentives to keep jobs from going overseas. Now Trump's doing it and he hasn't even been sworn in yet.
- Smoking Guns
- Rep: 330
Re: US Politics Thread
A tax break is a little different than the federal government giving billions to banks and GM to stay in business. Though in that case they were "too big to fail". In this case, carrier IS a sound company and $700,000 is CHEAP!!!! Now you have 1,000 folks paying federal taxes which equate to a lot more than $700,000. This was a deal to keep good jobs from losing. GM was a bail out to keep a company from going under. We are talking Billions vs $700,000 and probably some other concessions. Both were needed but this was a win for trump.
Re: US Politics Thread
misterID wrote:The Ford thing wasn't true, James. There was going to be no lost jobs to Mexico, it was a huge fat lie Trump told on Twitter. Yeah, Carrier was just one, there are way more manufacturing jobs in Indiana that are going to Mexico. I'm happy anytime jobs are saved, but I was reading that Carrier was going to save something like 68 million a year by going to Mexico. So I'm a little concerned what devil is in the details here. I've heard the employees would have to have their pay cut to at least $5 an hour. And another concern, whatever deal they're getting, what's going to stop more companies from going to Washington asking for a deal or threaten to go to Mexico. Let's see this play out.
Trump has hired nothing but inside Wall Street guys so far.
So maybe Trump helps end the absurd wages unions demand for unskilled labor, which makes outsourcing jobs less desirable?
Our last president got a noble prize for making people feel good before he was even sworn in. This one has raised the DOW to a record high and saved thousands of jobs before he was sworn in. I'll take reality over the hugs any day.
Gimme a break. I'm all for union reform, but we have unions because big business has shown over and over again they cannot be trusted and continually fuck over their workers, even tothe point of putting their health and well being in jeopardy. He didn't do a mother fucking thing to save those jobs. Pence did. Pence is governor of the state. He is paying this company, with Indiana tax payers covering the bill, in an already cash strapped state. Trump has zero authority to make this deal. It could totally be possible this was a deal that was agreed to before he made Pence VP. I'm happy those workers are keeping their jobs, but it's only for "right now" it doesn't mean they will keep those jobs.
And if makes you feel all warm and fuzzy about the dow, well consider this: it's up because they're betting on the fact that Trump lied to his base and loaded his cabinet with Goldman Sachs executives who will roll back as many regulations as possible, including Mnuchin who likes to buy struggling banks just so he can foreclose on thousands of people because its easy money, and a billionaire can always use more money by destroying people. The very people who force these companies to squeeze every penny they can to increase profit margins so they outsource. That's not unions, bubba, that's Wall Street execs who would rather pay a Mexican a months wages that they would have to pay an American in a week. They're betting on a wild west Wall Street where the lunatics run the asylum, where MORE companies will outsource. Have fun on that.
- Smoking Guns
- Rep: 330
Re: US Politics Thread
I agree ID that the pressure from the market to maximize profits is a horrible way to value a company. First I think, is this a good, sound, well run company. The profit bullshit and beating the street and expectations is "important" but it should not be the only factor. It is a shame. Companies get judged for the wrong shit sometimes. I would RATHER invest in a company with a slightly smaller profit margin but manufacture their goods in the US.
Re: US Politics Thread
Our last president got a noble prize for making people feel good before he was even sworn in. This one has raised the DOW to a record high and saved thousands of jobs before he was sworn in. I'll take reality over the hugs any day.
You've gotta be kidding. C'mon Randall, , you know better than that?!! The DOW went UP 12,000 points (after it crashed down 5,000 under W) under Obama the last 8 years. Then it goes up 300 points or something for a day or two and people say "Trump causes DOW to goto its highest ever!!".
That's like Tom Brady scoring 54 points in a Super Bowl & Jimmy Garapolo coming in in the fourth quarter and scoring a touchdown and saying "Jimmy Garapolo leads NE to most points in a Super Bowl"
If the market does better under Trump than Obama, then heck yeah we all outta celebrate! Realistically tho, in all honesty, it likely won't just on the ups & downs of it in general. We can check back in 4 years how it does.
Re: US Politics Thread
There is talk this is just a 'political win' on paper for Trump. Realistically, our economy won't be improved by various random companies asking for breaks here & there & the President accomodating them. Plus, the 'win' in kept jobs & wage taxes might be offset by the corporate tax reduction.
It's a proud moment for him & he's going on 'tour' to celebrate. Definitely his first Presidential moment. There's alot more to come down the pipeline tho in his first 6 months/year.
Re: US Politics Thread
Randall Flagg wrote:Our last president got a noble prize for making people feel good before he was even sworn in. This one has raised the DOW to a record high and saved thousands of jobs before he was sworn in. I'll take reality over the hugs any day.
You've gotta be kidding. C'mon Randall, , you know better than that?!! The DOW went UP 12,000 points (after it crashed down 5,000 under W) under Obama the last 8 years. Then it goes up 300 points or something for a day or two and people say "Trump causes DOW to goto its highest ever!!".
He also omitted that the DOW dropped hundreds of points the preceding week on the news of his win. If anything the up/down behavior shows market instability as a reaction to Trump being the President elect.
