Trump SAVES 1000 Carrier Jobs!....

[CPUd]

https://twitter.com/justinamash/status/804428820208033793

 

[Krugminator2]

If I were Trump, I'd notice that there are many job openings for highly-skilled workers. The market can't find those workers domestically, and often, not even abroad. Let the government set up some kind of training programs so that we can transition workers to these new fields.

Training programs in what? What does that even mean? What are these new fields of the future? Plastics? Is the future plastics?

And in what field do you have in mind would someone who was an hourly union worker be able to transition through a government training program that currently can't be found even internationally? And to the extent there is a demand for a high skill job and it can be trained through a government program, why wouldn't the business train those people?

 

[eleganz]

Bottom line : Trump is working on securing the mid-term elections and his second term.

 

[Krugminator2]

I am old enough to remember when Obama tried to strong arm hedge fund managers into investing in Chrysler when he first took office and Republicans were rightfully outraged. This situation is no different.

http://dealbook.nytimes.com//2009/05/05/a-hedge-fund-manager-strikes-back-at-obama/

http://www.businessinsider.com/henr...d-managers-not-afraid-of-big-bad-obama-2009-5

 

[nikcers]

--member Obama -This situation is no different.

I member Obama

“I worried that he was going to do crazy things that would blow the system up. So the fact that he’s appointing people from within the system is a good thing.” said hedge fund manager Whitney Tilson “I can take glee in that — I think Donald Trump conned them [Trump’s populist supporters],”

 

[anaconda]

The creation of a middle-class in China, India, etc. is not because all the jobs outsourced to them were automated.

If domestic producers shift towards capital and away from labor for manufacturing, there is no labor to outsource. Domestic labor can lose their jobs to outsourced cheap labor or to robots locally. They're unemployed either way. I suspect that Chinese workers are facing competition for their jobs by automation. I see McDonald's is developing automated kiosks now. I believe the point that the Indiana Business School guy was trying to make is that many more Americans need to start sucking it up and doing the hard work of learning 21st century skills that are truly competitive. I'll add my own 2 cents and suggest that government needs to get out of our way.

 

[nikcers]

They absolutely were not automated, that's why they were sent abroad. Was cheaper to pay foreign labor plus shipping cost rather than pay local labor wages or automate locally. (I'll refrain from returning the eye-rolling emoticon ).

If what western people call middle class is resembling the actual middle class in China and India then its our economy getting worse, not theirs getting better.

 

[anaconda]

If what western people call middle class is resembling the actual middle class in China and India then its our economy getting worse, not theirs getting better.

One economy needn't get worse just because another gets better. All can get better. America has tremendous resources for economic growth. However we've enabled a regulatory police state that is on a mission to snuff us. The Chinese nor the Indians are the enemy. Nations have comparative advantages economically. Americans should not be striving en masse to weave carpets or injection mold plastic toys or assemble toasters. With ambitious technological advancement and innovation, America should want the manufacturing jobs to go abroad so that we can engage in far more profitable endeavors.

 

[nikcers]

One economy needn't get worse just because another gets better. All can get better. America has tremendous resources for economic growth. However we've enabled a regulatory police state that is on a mission to snuff us. The Chinese nor the Indians are the enemy. Nations have comparative advantages economically. Americans should not be striving en masse to weave carpets or injection mold plastic toys or assemble toasters. With ambitious technological advancement and innovation, America should want the manufacturing jobs to go abroad so that we can engage in far more profitable endeavors.

Right i don't disagree, if you look back at what I wrote that's what I was saying. If every other country on the earth did better we would do better by proxy, if we do worse other countries do worse by proxy but not by correlation. Bigger economies in other countries buy more stuff from us.

 

[CPUd]

Right i don't disagree, if you look back at what I wrote that's what I was saying. If every other country on the earth did better we would do better by proxy, if we do worse other countries do worse by proxy but not by correlation. Bigger economies in other countries buy more stuff from us.

But if we can get them to bomb the shit out of each other, even the poor countries will be buying stuff from us.

 

[AuH20]

One economy needn't get worse just because another gets better. All can get better. America has tremendous resources for economic growth. However we've enabled a regulatory police state that is on a mission to snuff us. The Chinese nor the Indians are the enemy. Nations have comparative advantages economically. Americans should not be striving en masse to weave carpets or injection mold plastic toys or assemble toasters. With ambitious technological advancement and innovation, America should want the manufacturing jobs to go abroad so that we can engage in far more profitable endeavors.

Have you seen the state of our school system of late? The world will always need ditch diggers and assembly line workers. Secondly, tangible processed materials & goods are a mainstay for national independence. Moving exclusively towards vaporware and theorycraft isn't a sound move IMHO. There has to be some proverbial bone to go with the meat. A 100% service oriented economy will fail spectacularly as much as a 100% manufacturing one.

 

[anaconda]

Right i don't disagree, if you look back at what I wrote that's what I was saying. If every other country on the earth did better we would do better by proxy, if we do worse other countries do worse by proxy but not by correlation. Bigger economies in other countries buy more stuff from us.

Exactly. Americans' fears that they will soon be living in squalor like the worst of a third world country will likely come true if we allow the government to continue to engage in protectionism, regulatory interference, and the stifling of innovation. Again, macroeconomically speaking, America should rejoice that the low paying jobs are being exported. What they shouldn't rejoice in is that we are not learning job skills and innovating. If we leave that job to the government then I fear we are in for a real rough ride.

 

[anaconda]

But if we can get them to bomb the $#@! out of each other, even the poor countries will be buying stuff from us.

People huddled in bombed out rubble cannot buy things.

 

[CPUd]

People huddled in bombed out rubble cannot buy things.

Their militaries can buy weapons though.

 

[anaconda]

Have you seen the state of our school system of late? The world will always need ditch diggers and assembly line workers. Secondly, tangible processed materials & goods are a mainstay for national independence. Moving exclusively towards vaporware and theorycraft isn't a sound move IMHO. There has to be some proverbial bone to go with the meat. A 100% service oriented economy will fail spectacularly as much as a 100% manufacturing one.

Just because we offshore the assembly of ships and tanks doesn't mean we can't steadily buy LOTS of them and also defend the production facilities in times of chaos. Operation Weapons Freedom!

 

[nikcers]

Exactly. Americans' fears that they will soon be living in squalor like the worst of a third world country will likely come true if we allow the government to continue to engage in protectionism, regulatory interference, and the stifling of innovation. Again, macroeconomically speaking, America should rejoice that the low paying jobs are being exported. What they shouldn't rejoice in is that we are not learning job skills and innovating. If we leave that job to the government then I fear we are in for a real rough ride.

yeah I don't think many people want to go pick fruit but I definitely got out of the IT industry several years ago because of how bad it was getting outsourced. Between that and the recession I did not see people in our country paying a premium for IT support. I think that this is not because of our country being less competitive, but because our country has given businesses incentives to outsource IT.

Its the same with businesses reincorporating with countries that have trade deals with us but undercut us on corportate welfare. This corporate welfare shit has to stop, and I don't think we are going to stop throwing shit at eachother long enough to see the real problem.

 

[anaconda]

Their militaries can buy weapons though.

With loans from Wall Street.

 

[anaconda]

yeah I don't think many people want to go pick fruit but I definitely got out of the IT industry several years ago because of how bad it was getting outsourced. Between that and the recession I did not see people in our country paying a premium for IT support. I think that this is not because of our country being less competitive, but because our country has given businesses incentives to outsource IT.

Its the same with businesses reincorporating with countries that have trade deals with us but undercut us on corportate welfare. This corporate welfare $#@! has to stop, and I don't think we are going to stop throwing $#@! at eachother long enough to see the real problem.

Right. And I can only hope that Trump's incentives for Carrier to remain are ONLY fewer regulations and lower taxes for them. Not guaranteed loans, stimulus spending, or some form of transfer payment domestically.

 

[phill4paul]

The liberal butthurt is going crazy on this. They look at Indianas tax incentives to stay as a form of corporate welfare without realizing that it is a net positive for Indiana if those 1000 workers went on unemployment. These idiots just do not see the big picture.

A recent FB post boo-hooed the corporate welfare regarding the $7 million in incentives Indiana is offering, $1 million of which is to train blue collar workers.

Here is how I broke it down...

This story isn't exactly straight on the details. These tax credits are conditional. Indiana offered $5 million in conditional tax credits to retain 1,062 jobs that pay $30.91 per hour. $1 million in tax credits, period. And another $1 million for for training grants. You support college grants, right? Do you not think that American tradesmen should receive the same benefit? The company has also pledged to invest $16 million into it's Indiana plant. That's a lot of money going to tradesmen, electricians, engineers, HVAC techs, cement workerkers etc. etc.
When you add it all up it is a positive for the state of Indiana. Indiana gives $390 a week for 26 weeks in unemployment benefits. Take that times 1000 workers and you get over $10 million in unemployment that taxpayers would have had to pay for.

Companies are given tax incentives all the time. As long is it is a net positive I don't see why anyone would have a problem with it. Straight off the bat this deal saved the tax payers of Indiana $3 million in unemployment. Add in the income tax generated by the factory workers. In Indiana that is 3.3% for an income tax gain of $2,310,000 a year. This doesn't even include the 7% sales tax that would generate tens of millions in additional state revenues.

Indiana's decision to offer incentives to Carrier is a net POSITIVE. I just laid it all out. I don't see were someone presented facts could make this about political butthurt. I don't particularly like Trump, didn't vote for him, but his threat of tariffs did cause Carrier and the State of Indiana to negotiate and come out with a deal that is a NET POSITIVE.

Their response...

The beginning of the spin on what he "promised"...let's all sit back and watch conflict of interest/blind trust nonsense...sad for our Country in so many ways.

I don't think the President elect should be "negotiating" individual business deals, our Country needs WAY more than 1100 jobs

Someone just shoot me. Or them. This world is to small for our different mindsets.

 

[nikcers]

The liberal butthurt is going crazy on this. They look at Indianas tax incentives to stay as a form of corporate welfare without realizing that it is a net positive

Long term or short term? If the solution to a government created problem is more government then it might be a net positive in the short run, but the long run it almost always goes bad.