It does matter.

You can't invest what you wouldn't have collected.

If Carrier left, IN gets ZERO. They are saying IN "invested" what would have been fricking NOTHING. This shite is insane.

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Posted by MButterfly

Quantico

Member since Oct 2015

6860 posts

Posted on 12/2/16 at 11:48 am to Hawkeye95

quote:
this was essentially a bail out too.

As someone that was against TARP, the auto bailouts and pretty much every massive giveaways to big business, this deal sucks for the taxpayer.

No. The gov of Indiana gave them a tax incentive to stay. No money was taken from a single tax payer to pay for this. 100% different.

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Posted by MButterfly

Quantico

Member since Oct 2015

6860 posts

Posted on 12/2/16 at 11:52 am to mmcgrath

quote:
So what was Trump's part of the deal besides saying thank you to Pence and taking all the credit?

1- placing tariffs if moved..
2- Lowering regulations at the federal level
3- let's it be known the US Federal Gov is no longer in business to fund contracts that go to workers from around the globe.

That's pretty much it....

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Posted by Hawkeye95

Member since Dec 2013

20293 posts

Posted on 12/2/16 at 2:18 pm to igoringa

quote:
$700K a year to generate $68 million a year in payroll that otherwise wouldn't be here is bad deal with taxpayers?!?

You are creating 1000 jobs, you are just stopping them from moving. Its extortion.

quote:
What metric are you using to make that conclusion - it sure the hell isn't net cash flow

So the auto bailouts were good? Cause they had a pretty good cash flow return.

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Posted by Hawkeye95

Member since Dec 2013

20293 posts

Posted on 12/2/16 at 2:20 pm to MButterfly

quote:
No. The gov of Indiana gave them a tax incentive to stay. No money was taken from a single tax payer to pay for this. 100% different.

Actually you are right, this wasn't a bailout it was extortion.

Give us money or we leave.

i am glad they aren't leaving, and its definitely a feather in trump's camp but as I said in my first post, this is not something that is repeatable. we have to find out why they are leaving and change the fundamental reason, not dangle incentives for them to save.

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Posted by TBoy

Kalamazoo

Member since Dec 2007

23716 posts

Posted on 12/2/16 at 2:53 pm to joshnorris14

Problem with this kind of deal is that Trump is setting the standard that payroll for private companies will get shifted to the U.S. Government. If we are making their payroll with taxpayer dollars, we should own a part of their company.

Guess what? This is actual Soviet style socialism.

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