Posted on 12/08/2016 6:09:45 AM PST by workerbee
In an interview on the FOX Business Networks Countdown to the Closing Bell, Harvard Economics Professor Greg Mankiw said the President-elect shouldnt be meddling in the affairs of corporate America, and his decision to do so may not be beneficial for the economy in the long run.
Theres a big difference between being a CEO of a company and being President of the United States. A CEO is basically a central planner for that company. The President of the United States is not the central planner for the U.S. economy, Mankiw said.
(Excerpt) Read more at foxbusiness.com ...
It’s called LEADERSHIP!
How many jobs has this guy ever done?
Just think, Trump isn’t even getting paid to Win yet:) The Real butt kicking comes after January 20th.
What sweet deal did Trump offer Carrier? I’ve asked this question many times without a reply.
Which other companies were leaving?
If Mankiw is so wise, why are the companies leaving in the first place?
The President of the United States is not the central planner for the U.S. economy, Mankiw said.
ReAlly?
Because, you guys sure give high marks to Clinton and Obama for their handling of the economy.
What sweet deal did Trump offer Carrier? Ive asked this question many times without a reply. So I’ll ask it again.
Yes, that's the workable solution.
Professor Mankiw should stop whining.
zzzzzz libs are stupid
Exactly.
There is a legit concern that instead of one low rate for all companies, that we’d see a much lower rate for this company because it made a fuss and higher rate for other companies because they didn’t say anything
He is..he is cutting regulations and the corp tax to 15% for ALL companies!
The freddie/fannie meltdown. Now that was crony capitalism
Which is a nice class room dogma at odds with the basic facts of business. In a politically perfect world, that dogma works.
Unfortunately we live in a very imperfect world.
BIG surprise for the dogmatic Libertarian theorists. State and local governments have been using tax rate incentives to attract, or keep, business for decades. Politics involves working in the ACTUAL, not living in a bubble world alternative reality of dogma.
This is an example of why self styled “Libertarians” and “Movement Conservatives” have been the most politically improtant group in US History.
We are not going to undo 100 years of creeping socialism by stamping out feet and holding our breath demanding ideologically perfect political dogmas. Yet here we go again with the usual Movement Conservatives trying desperately to spin a win as a defeat because it does NOT fit their ivory tower dogmatically pure political fantasies.
He only has to micromanage a few companies for a short time to get all the rest to fall in line, professor.
In both cases it is an attempt to impose dogmatic ideological theories on the real world with no thought at all for outcomes and consequences.
Movement Conservatives try to divorce economics from politics. Like that is even possible.
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