Not Even President Yet, And Helping Americans

originally posted by: Teikiatsu
I'd also like to point out to any Obama fans that if Trump did indeed work out an insider deal, they have no solid foundation to criticize him.

After $500M to Solyndra, loopholes to GE that allowed for $3M in tax credits instead of paying millions in corporate taxes, $490M a year to Elon Musk, using TARP to bail out the auto industry, etc... anyone who supports Obama's actions has *ZERO* grounds to criticize Trump, *IF* he made an insider deal.

I see your point, but I hope it isn't like that. I hope he does right by the American people like he said he would. Will he get everything. I don't believe so. But I do believe he will try to at least get America working, and that is really all I want.

a reply to: 3daysgone

It seems to me that everyone should wait to see just what kind of "deal" has been made here before cheering this.

All anyone knows so far is that 1000 jobs have been saved that would have gone to Mexico. However, nothing is known about what positions exactly, at what pay or what may have to be given up by those employees to keep those jobs themselves. The union leaders representing them weren't part of the deal making. Nobody actually knows the details.

Plus we know they did get some kind of State Sponsored Breaks or Rewards for this deal as well. So tax payers of Indiana are now on the hook for those as well.

This could very well be nothing more than a publicity show for Trump and Pence in the end. So you might want to hold back on celebrating just yet.

originally posted by: mOjOm
a reply to: 3daysgone

It seems to me that everyone should wait to see just what kind of "deal" has been made here before cheering this.

All anyone knows so far is that 1000 jobs have been saved that would have gone to Mexico. However, nothing is known about what positions exactly, at what pay or what may have to be given up by those employees to keep those jobs themselves. The union leaders representing them weren't part of the deal making. Nobody actually knows the details.

Plus we know they did get some kind of State Sponsored Breaks or Rewards for this deal as well. So tax payers of Indiana are now on the hook for those as well.

This could very well be nothing more than a publicity show for Trump and Pence in the end. So you might want to hold back on celebrating just yet.

You may be right. But I want to lean toward the positive. It doesn't mean it will end positive, but it is starting out as positive.

originally posted by: theantediluvian
a reply to: 3daysgone

If the deal involved keeping jobs in Indiana through incentives offered by the state, why didn't the Governor of Indiana, Mike Pence, do it prior to the election?

Let's get real about what happened here. Mike Pence threw subsidies at Carrier (which he could have done at any point before now) and they agreed to only offshore half the jobs.

Somehow that's Trump "helping people."

In the words of Reagan" There you go again" It WAS NOT incentives or tax breaks....Why dont you watch the news sometimes , instead of depending on your neighbor for utterly biased information ?
It was the promise that Trump would ADD TAXES AND TARIFFS if companies moved overseas
Kept the Ford Lincoln plant and the Carrier plant from moving overseas
Educate yourself...your neighbor's ignorance is showing

a reply to: Gothmog

Really???

Then what does this statement by Carrier mean??

"The incentives offered by the state were an important consideration," to staying, Carrier said in a statement Wednesday.

According to Fortune speaking with UTC, the parent company of Carrier.

In the end, UTC agreed to retain approximately 800 manufacturing jobs at the Indiana plant that had been slated to move to Mexico, as well as another 300 engineering and headquarters jobs. In return, the company will get roughly $700,000 a year for a period of years in state tax incentives.

So maybe you should check the news more carefully.

a reply to: 3daysgone

Donald Trump has been helping Americans for decades. He's pumped hundreds of millions of dollars into the bank accounts of American workers and businesses over the past 50 years. It's what he does. God bless our President 2B!

originally posted by: mOjOm
a reply to: Gothmog

Really???

Then what does this statement by Carrier mean??

"The incentives offered by the state were an important consideration," to staying, Carrier said in a statement Wednesday.

According to Fortune speaking with UTC, the parent company of Carrier.

In the end, UTC agreed to retain approximately 800 manufacturing jobs at the Indiana plant that had been slated to move to Mexico, as well as another 300 engineering and headquarters jobs. In return, the company will get roughly $700,000 a year for a period of years in state tax incentives.

So maybe you should check the news more carefully.

Can you post that link please. But like I said before. An American deal for an American company.

originally posted by: carewemust
a reply to: 3daysgone

Donald Trump has been helping Americans for decades. He's pumped hundreds of millions of dollars into the bank accounts of American workers and businesses over the past 50 years. It's what he does. God bless our President 2B!

That is true. Hopefully it will work out good.

Sure.

money.cnn.com...

fortune.com...

Sorry bout that. I'm not using my normal computer so posting is limited.

a reply to: mOjOm

Thank you for the link. It also says.

"The incoming Trump-Pence administration has emphasized to us its commitment to support the business community and create an improved, more competitive U.S. business climate," Carrier said. That likely refers to the Trump team's promise to lower the corporate tax rate to 15% from its current 35% -- a promise that Trump's pick for Treasury Secretary, Steve Mnuchin, reiterated Wednesday on CNBC.

I wonder what carrier will do if Trump does enforce Tariffs on the part of the company that goes to mexico? State incentives to stay is a good idea. I am not sure why they would stay though for $700,000.00 dollars a year when they explained that they would save $65,000,000.00 dollars a year by moving it all. Something is kind of off about that.

a reply to: mOjOm

The Democrats are complaining that Trump "threatened" those businesses using tariffs.
What does that mean ?
Yet another that listens to their neighbors ?
possibly
Done with you
Next

a reply to: 3daysgone

There are rumors of Government Contracts for the parent company too.

Who knows what all has been both promised and threatened at this point. That's why I'm saying everyone needs to just chill for right now and see what comes of this.

With everything being so secretive it's anyone's guess.

Maybe good and maybe bad. Remember, Trump knows how to put on a show. But behind the scenes and on the screen are two different things all together.

originally posted by: Gothmog
a reply to: mOjOm

The Democrats are complaining that Trump "threatened" those businesses using tariffs.
What does that mean ?
Yet another that listens to their neighbors ?
possibly
Done with you
Next

Well I would personally agree with leveraging tariffs as a means to keep companies here. But I would also reward the companies that stay here.

a reply to: Gothmog

Yeah. We're all aware of that.

That isn't new information to anyone.

He also doesn't need to be "dealing" with them personally if that was all that was being discussed. Obviously there is more than just that going on.

No need to act superior and #y about it either. I was just letting you know about some information you clearly didn't know or were ignoring.

originally posted by: mOjOm
a reply to: 3daysgone

There are rumors of Government Contracts for the parent company too.

Who knows what all has been both promised and threatened at this point. That's why I'm saying everyone needs to just chill for right now and see what comes of this.

With everything being so secretive it's anyone's guess.

Maybe good and maybe bad. Remember, Trump knows how to put on a show. But behind the scenes and on the screen are two different things all together.

That is good advice. Wait and see is always an option.

a reply to: 3daysgone

That sounds like exactly what he's doing so far. Only how exactly do you award the companies staying here and how many of them???

Does he go make deals with every company in the USA???
What does he reward them with and who pays for it???
Will this cause other companies to threaten to leave to just so they get some reward as well???
Does a POTUS have time to deal with companies one on one like this and still do his job as Pres.???

Lot's of questions come up because of this and not many answers have come back yet.

originally posted by: mOjOm
a reply to: 3daysgone

That sounds like exactly what he's doing so far. Only how exactly do you award the companies staying here and how many of them???

Does he go make deals with every company in the USA???
What does he reward them with and who pays for it???
Will this cause other companies to threaten to leave to just so they get some reward as well???
Does a POTUS have time to deal with companies one on one like this and still do his job as Pres.???

Lot's of questions come up because of this and not many answers have come back yet.

I would guess, award the companies with tax breaks, so that they can stay viable to own. If they leave then I would agree that tariffs should follow.

Will it cause other companies to threaten to leave? Not if he gives it to all American companies, which with tax breaks it would apply to them all.

If he gives it to all the companies he would not have to meet with all of them. But I would argue that one of the Presidents main jobs is to deal with companies, people, and government. It is a busy job.

Yes that is true. A lot of questions. Hopefully he will let himself be guided by what is best for America and its people.

originally posted by: mOjOm
a reply to: 3daysgone

All anyone knows so far is that 1000 jobs have been saved that would have gone to Mexico. However, nothing is known about what positions exactly, at what pay or what may have to be given up by those employees to keep those jobs themselves. The union leaders representing them weren't part of the deal making. Nobody actually knows the details.
.

We don't need to know the details. We know that the business would not keep the 1000 jobs there unless they could be sure of "making more money" by doing so, than by moving the jobs.

We know that Donald Trump did not pay the business out of his own pocket, because he himself is a business man, and business men always use "other people's money" to do the deals. So, it's a guarantee that The Donald promised "tax payers money" to compensate the business for the opportunity loss in staying in America vs moving to Mexico.

It then just becomes a question of how exactly the tax payers money would end up in the pockets of the company.

One theory is that Donald promised to give lucrative military contracts to the parent of the company. After all, Donald promised the American people that he would build the strongest military in the world, restoring America's might, as if that might was ever in question. And the pricing for military hardware and services are right there on the high end of the scale. So, the American tax payer will pay for those 1000 jobs with military contracts to the parent company. This is the most likely scenario. It just shifts the financial burden from the state to the United States tax payer. Donald is already "spreading the wealth around", just what the Republicans blame Democrats of doing, using other peoples money to fund Government activities that benefit whomsoever.

With the plethora of companies leaving the state's would it be legal or possible to individually hit them with tarrifs if such a move is made? Seems reasonable to me you can still move if you wish but to do business with your biggest consumer base, the American people, you have to pay the import taxes as a penalty.
Then there's no need for incentives to stay.
And eliminates any motive to leave.

originally posted by: VinylTyrant
With the plethora of companies leaving the state's would it be legal or possible to individually hit them with tarrifs if such a move is made?.

You can't hit an American company with such tariffs for moving to Mexico, unless you also hit all foreign companies that produce competing products with the same tariffs. In which case, it evens out the score, since the American company producing in Mexico will have the same pricing as all offshore competitors. Only if there's a US based competitor will the tariffs work.

That means tariffs on all foreign goods that are similar to goods produced in America, are required to ensure American companies stay home.

That starts a trade war, with American goods being hit with tariffs in those countries which it now exports to.

If the solution was simple, it would have been done long ago.

The Donald is selling smoke and mirrors.