The Trump Effect? After Carrier pledge to keep jobs in US, more companies may follow

Dick from the Internet said:
Yes, they did. It just became unprofitable when silicon prices dropped.

If Carrier's products are so marketable then why do they need government subsidies or special favors?
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they don't....they could just pack up and move everything to Mexico and make them more profitably there......Solyndra didn't move to Mexico......they went broke....because their market strategy (being cheaper than silicon) failed.....
 
Thing1 said:
Seriously...why do you keep lying about that?
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I'm not......I just refuse to buy into liberal propaganda.....the percentage of Americans who have jobs today is lower than it was when Obama got elected.......lower is not growth......gone is not saved....
 
Darth Hussein Omar said:
They are but the criticism is a little short-sided because the tax payers would also be forced to subsidize a thousand unemployed residents of the state, had the deal not gone through; also, that's a thousand more tax payers than 'tax consumers' for Indiana.

It's also a thousand more paychecks that get spent in the local economy and etc. My guess is it's tax money well spent.
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yes. the Dem's are actually arguing giving tax credits to save jobs is a bad idea..how clueless can they get????
 
Dick from the Internet said:
No, you have turned them into tax consumers. The effect of their spending will necessarily be offset by a reduction in other government spending, spending by beneficiaries of government aid or by less spending from other Indiana taxpayers if they are expected to make up the deficit. All they did is rob Peter to pay Paul.
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no no no...how many times do we have to go over the fact economic growth/retention of jobs by tax credits is not a a static sum game??

Jobs create more jobs/ create more demand..etc..which create more tax revenues..etc..
 
cawacko said:
There's nothing conservative about this. Conservative is allowing the market to dictate winners and losers, not the gov't
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Well, there's too lol.

Socialism/free market capitalism isn't an either/or proposition in the real world: most often there's elements of both in any economic policy.

The fact is the deal with Carrier has both elements; so if you want to bash Trump over its socialist elements, it's there for the taking. And it's also a fact that allowing Carrier to keep its money is a conservative proposition.

It's kind of a wash at the end. Given that, I think it was a good move because it saved jobs.
 
PostmodernProphet said:
I'm not......I just refuse to buy into liberal propaganda.....the percentage of Americans who have jobs today is lower than it was when Obama got elected.......lower is not growth......gone is not saved....
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When Obama got elected, the economy was losing hundreds of thousands of jobs.

Nice amnesia there.
 
anatta said:
no no no...how many times do we have to go over the fact economic growth/retention of jobs by tax credits is not a a static sum game??

Jobs create more jobs/ create more demand..etc..which create more tax revenues..etc..
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Then how does capitalism, with its creative destruction, create more jobs than any other economic system? Companies get started and fail all the time. The gov't can't save all jobs.
 
cawacko said:
So if these jobs at carrier are lost in a year or two, which is quite possible they will be, are you going to be saying trump was an idiot for trying to save these jobs?
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if Carrier goes bankrupt in a year or two and closes up I will say Trump was an idiot for giving the tax incentives to a company that had a bad business plan instead of to a different company.......meanwhile he should give the same incentives (reduced taxes) to every one......
 
Darth Hussein Omar said:
Well, there's too lol.

Socialism/free market capitalism isn't an either/or proposition in the real world: most often there's elements of both in any economic policy.

The fact is the deal with Carrier has both elements; so if you want to bash Trump over its socialist elements, it's there for the taking. And it's also a fact that allowing Carrier to keep its money is a conservative proposition.

It's kind of a wash at the end. Given that, I think it was a good move because it saved jobs.
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So the import/export bank is a good idea because it saves jobs? The Obama stimulus "saved" jobs, the auto bailout "saved" jobs.
 
Dick from the Internet said:
If the buggy whip makers went on unemployment for a short time while transitioning to a more productive field then that would cost far less than perpetually subsidizing their factory or stopping progress to create a market for their products.
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that assumes their product is no longer competative, and needs subsidizing to survive. It doesn't.
Carrier is competative/profitable.
The only reason they wanted to move was "long term placement" blah blah -meaning they could make yet more with Mexican labor.

But they STILL make money here without the subsidies - if they weren't so consumed with corporate greed they could have stayed here
and stayed profitable..the product is still profitable without the tax incentives -but not as much so.

How to we combat corporate greed?? that is a bigger question.
 
PostmodernProphet said:
they don't....they could just pack up and move everything to Mexico and make them more profitably there......Solyndra didn't move to Mexico......they went broke....because their market strategy (being cheaper than silicon) failed.....
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They did.

Moving to Mexico would not have raised silicon prices or lowered other costs enough (and maybe not at all) to make them profitable and allowed them to lower prices enough to keep the product marketable.
 
Dick from the Internet said:
They did.

Moving to Mexico would not have raised silicon prices or lowered other costs enough (and maybe not at all) to make them profitable and allowed them to lower prices enough to keep the product marketable.
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therefore.....giving tax incentives to Carrier and giving grants and guaranteeing loans for Solyndra are not equal.......
 
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