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Started By
Message
re: Breaking: Trump and Carrier reach deal to keep 1,000 jobs in Indiana
Posted on 11/30/16 at 9:55 am to HailHailtoMichigan!
Posted on 11/30/16 at 9:55 am to HailHailtoMichigan!
2100 jobs on the line at two plants - a deal struck to save 1000 which gave the company who knows what in tax incentives. More corporate welfare at the expense of poor working people. It's business as usual and it ain't gonna stop with Trump. No vision and no heart.
4
Posted on 11/30/16 at 10:03 am to Ralph_Wiggum
quote:
My guess is that Trump had a shake-down or threatened to put the IRS on Carrier if they did in fact leave. Trump is good at making threats and following through.
Maybe he took a page from Obama's economics handbook. Threatened to sic the IRS on them or use the Justice Dept. to harass them.
Or maybe he loves the folks in Indiana.
Posted on 11/30/16 at 10:04 am to DocJerome
quote:
corporate welfare
Liberals struggle with the concept of getting money from the government is not the same as not being forced to give as much our your money to the government.
Real welfare- person receives money from taxpayers.
"corporate welfare"- company gives less of THEIR money to the government.
Posted on 11/30/16 at 10:07 am to DocJerome
quote:
No vision
They are staying because of the vision, not for the lack of it...
Posted on 11/30/16 at 10:08 am to DocJerome
quote:
who knows what
Well when you DO know then make a bitchy post
Posted on 11/30/16 at 10:09 am to wickowick
quote:
They are staying because of the vision, not for the lack of it...
Looks like it. Curious as to how Trump accomplished this...although I'm sure the governor of Indiana did most of the legwork.
1000 jobs at carrier and likely many more at their suppliers and contractors appear to be saved.
This post was edited on 11/30/16 at 10:11 am
Posted on 11/30/16 at 10:22 am to HailHailtoMichigan!
Damn, libs melting now as bad as they did on 11/8
Posted on 11/30/16 at 10:50 am to redfishfan
quote:
Liberals struggle with the concept of getting money from the government is not the same as not being forced to give as much our your money to the government.
Real welfare- person receives money from taxpayers.
"corporate welfare"- company gives less of THEIR money to the government.
Corporate welfare isn't just tax forgiveness a lot of the time. Don't be naive.
Posted on 11/30/16 at 10:57 am to redfishfan
quote:
"corporate welfare"- company gives less of THEIR money to the government.
Not all the time there are numerous different incentives businesses can get including tax credits which in Louisiana can be argued to have had a negative impact.
Posted on 11/30/16 at 11:03 am to dewster
Trump just sold a half a million brake pads!!!!
Posted on 11/30/16 at 11:06 am to VOLhalla
quote:Cutting taxes is not subsidizing.
But subsidizing jobs/industries isn't a viable long-term solution. It's just another form of welfare.
There is literally nothing you can do to convince me that it is.
Your entire mindset is based on the concept that all money is technically the government's and allowing an individual/corporation to keep more of their money is equal to the government handing out a check.
That is insane.
If the government gives them a bailout or tax credits, I'll agree with you, but don't ever claim that tax cuts are subsidies.
That is the definition of stupid.
This post was edited on 11/30/16 at 11:07 am
Posted on 11/30/16 at 11:08 am to DocJerome
quote:
More corporate welfare at the expense of poor working people.
How do you feel about more social welfare at the expense of hard working people?
Posted on 11/30/16 at 11:24 am to Scruffy
quote:
There is literally nothing you can do to convince me that it is.
Thanks for being honest - I won't waste my time arguing this.
quote:
Your entire mindset is based on the concept that all money is technically the government's and allowing an individual/corporation to keep more of their money is equal to the government handing out a check.
No it isn't. Wealth is privately owned - it doesn't belong to the government. But the government does have the power to tax and that cost is a part of the cost of doing business. Waiving your hand and eliminating that is the same as magically eliminating labor costs or material costs.
Recognizing this isn't admitting that wealth is owned by the government just as it isn't admitting that the wealth is owned by a business' labor or material suppliers.
Posted on 11/30/16 at 11:27 am to HailHailtoMichigan!
Posted on 11/30/16 at 11:28 am to ForeLSU
quote:At least someone in this thread has some sense.
I haven't read the details yet, but for starters, US Companies not having the ability to do what is strategically in their best interest because of direct threats by the president is not a road we want to travel down. In addition, the reason they were moving was to be more competitive. Will this deal permit them to better compete in the market?
What happened to conservatives' love of free markets? Why is it a good thing for the future president to directly meddle in business matters? No matter the short term impact, in the medium to long term this deal, however it shook out, has to negatively impact Carrier's ability to compete globally. What happens in a few years when Carrier again faces cost-cutting decisions? Will Trump swoop in again? What happens next week when another company announces layoffs? Will Trump basically run every company in the country? How far will he go to keep jobs in the US? What happens in a few years if this behavior continues and many companies find themselves unable to compete and begin to shut down?
This is a PR stunt, and you guys are eating it up. Manufacturing jobs are leaving, and they will only come back when American labor is cheaper than other countries. Or, more likely, they will never come back as more and more processes are automated.
Loss of jobs in unskilled and low-skilled professions is a problem we will continue to face, and there is no easy solution. It certainly won't go away by making "deals" with every company around the country. What are we going to do with all the truck drivers in about 10 years when their trucks are driving themselves? This country needs to invest in training people for the jobs of the future, NOT make deals to keep old jobs around and make our businesses less efficient and less able to compete globally.
Posted on 11/30/16 at 11:29 am to Scruffy
quote:
If the government gives them a bailout or tax credits, I'll agree with you, but don't ever claim that tax cuts are subsidies.
In this case, the US Carrier plant is paying $23/hr for employees. In Mexico, that same labor is a quarter of the price. You bet your arse it's going to take more than tax cuts to keep those jobs here. This is corporate welfare.
Posted on 11/30/16 at 11:30 am to HailHailtoMichigan!
and here was his leverage. Art of the deal folks...
quote:
While Carrier will forfeit some $65 million a year in savings the move was supposed to generate, that’s a small price to pay to avoid the public relations damage from moving the jobs as well as a possible threat to United Technologies’ far-larger military contracting business.
Roughly 10 percent of United Technologies’ $56 billion in revenue comes from the federal government; the Pentagon is its single largest customer. With $4 billion in profit last year, the company has the flexibility to find the savings elsewhere.
This post was edited on 11/30/16 at 11:33 am
Posted on 11/30/16 at 11:32 am to tigerfoot
quote:So now conservatives think redistribution of wealth is a good thing? Huh.
but we do know that 1000 folks and their families are going to be better off. They will average at least 50k in compensation, and spend it on cigarettes, beer, and all kinds of cool shite. The economic stimulus of 50million being dumped into local economies and govts will be better than a kick in the nuts.
Posted on 11/30/16 at 11:36 am to tke857
quote:
and here was his leverage. Art of the deal folks...quote:
While Carrier will forfeit some $65 million a year in savings the move was supposed to generate, that’s a small price to pay to avoid the public relations damage from moving the jobs as well as a possible threat to United Technologies’ far-larger military contracting business.
Roughly 10 percent of United Technologies’ $56 billion in revenue comes from the federal government; the Pentagon is its single largest customer. With $4 billion in profit last year, the company has the flexibility to find the savings elsewhere.
Ah, yes, how "artistic" of him to use the weight of the US government to manipulate the free market. How conservative of him, as well.
Posted on 11/30/16 at 11:39 am to Korkstand
businesses are big enough already. all these umbrella corporations. too many of them. time to break them up!
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