Posted on 12/02/2016 7:22:39 PM PST by Mariner
Former Republican vice-presidential nominee Sarah Palin, who is reportedly under consideration for a spot in President-elect Donald Trump’s administration, criticized Trump’s recent deal with Carrier to keep jobs in the United States.
Trump visited the Carrier plant in Indianapolis on Thursday and touted the deal during a speech after the visit in front of a Carrier banner.
Carrier will keep about 1,000 jobs in Indiana, instead of moving them to Mexico. In exchange, the state of Indiana is giving the company about $7 million in incentives. Vice president-elect Mike Pence in the current governor of Indiana.
“When government steps in arbitrarily with individual subsidies, favoring one business over others, it sets inconsistent, unfair, illogical precedent. Meanwhile, the invisible hand that best orchestrates a free people’s free enterprise system gets amputated,” Palin wrote in an op-ed published Friday by Young Conservatives.
“Then special interests creep in and manipulate markets. Republicans oppose this, remember? Instead we support competition on a level playing field, remember? Because we know special interest crony capitalism is one big fail.”
Palin, then the governor of Alaska, was on the 2008 Republican ticket with Arizona Senator John McCain. McCain and Palin lost to Barack Obama and Joe Biden. Palin was an early supporter of Trump, endorsing him in January of 2016.
(Excerpt) Read more at sacbee.com ...
Sarah Palin is not what she appears. She was a disaster as our governor. She overtaxed the oil industry to point we lost many jobs. She backed our current idiot governor over a good conservative (who was her Lt. Governor) She is very good at making money and making people think she is a conservative. She has no business in Mr. Trumps cabinet. He can do much better.
Here’s what she actually wrote, as opposed to what the SacBee wrote about what she wrote:
Gov. Sarah Palin
12:52pm December 2, 2016
I am ecstatic for Carrier employees! Their bosses just decided to keep shop onshore. What a relief for hundreds of workers. Merry Christmas Indiana!
We don’t yet know terms of the public/private deal that was cut to make the company stay, but let’s hope every business is equally incentivized to keep Americans working in America.
Foundational to our exceptional nation’s sacred private property rights, a business must have freedom to locate where it wishes. In a free market, if a business makes a mistake (including a marketing mistake that perhaps Carrier executives made), threatening to move elsewhere claiming efficiency’s sake, then the market’s invisible hand punishes. Thankfully, that same hand rewards, based on good business decisions.
But this time-tested truth assumes we’re operating on a level playing field.
When government steps in arbitrarily with individual subsidies, favoring one business over others, it sets inconsistent, unfair, illogical precedent. Meanwhile, the invisible hand that best orchestrates a free people’s free enterprise system gets amputated. Then, special interests creep in and manipulate markets. Republicans oppose this, remember? Instead, we support competition on a level playing field, remember? Because we know special interest crony capitalism is one big fail.
Politicians picking and choosing recipients of corporate welfare is railed against by fiscal conservatives, for it’s a hallmark of corruption. And socialism. The Obama Administration dealt in it in spades. Recall Solyndra, Stimulus boondoggles, and all their other taxpayer-subsidized anchors on our economy. A $20 trillion debt-ridden country can’t afford this sinfully stupid practice, so vigilantly guard against its continuance, or we’re doomed.
Reaganites learned it is POLICY change that changes economic trajectory. Reagan’s successes were built on establishing a fiscal framework that invigorated our entire economy, revitalized growth and investment while decreasing spending, tax rates, over-reaching regulations, unemployment, and favoritism via individual subsidies. We need Reaganites in the new Administration.
However well meaning, burdensome federal government imposition is never the solution. Never. Not in our homes, not in our schools, not in churches, not in businesses.
Gotta’ have faith the Trump team knows all this. And I’ll be the first to acknowledge concerns over a deal cut by leveraging taxpayer interests to make a manufacturer stay put are unfounded – once terms are made public.
But know that fundamentally, political intrusion using a stick or carrot to bribe or force one individual business to do what politicians insist, versus establishing policy incentivizing our ENTIRE ethical economic engine to roar back to life, isn’t the answer. Cajole only chosen ones on Main St or Wall St and watch lines stretch from Washington to Alaska full of businesses threatening to bail unless taxpayers pony up. The lines strangle competition and really, really, dispiritingly screw with workers’ lives. It’s beyond unacceptable, so let’s anticipate equal incentivizes and positive reform all across the field – to make the economy great again.
-Sarah Palin
Indiana doing on a State level what Trump wants to do on a National level (which all those angry about this deal are fine with) - lower corporate taxes - only Indiana had a choice of doing it early or losing the company....not the best situation to single out a company but also not unheard of - many States offer new companies tax breaks the rest aren’t getting to get them to come to the State or build up in the State vs. going/expanding elsewhere because it helps the people of the State.
The truth is not determined by elections. There is nothing conservative about manipulating the economy. Trump is p..ing in your punch bowl, not me.
“She didn’t quite say what the headline characterized her as saying.”
Maybe, maybe not.
In my view, Sarah is out of line for critiquing Trump in any way on this deal. I don’t care if it’s ‘constructive’ criticism, it’s not needed or wanted at this transitional moment in time - especially while the left is still in a near state of rebellion over the election result.
If our luminaries can’t say things that are 100% supportive of our new president, and in alignment with his policy agenda, they need to shut up and keep it to themselves.
” It IS crony capitalism and I hope he doesn’t do it again.”
I don’t see crony capitalism at all. Trump has said many times that moving companies out of the US would be painful.
When you look a CEO in the eye and say I can’t stop you from moving your company but here’s what I can do. I’ll remove any tax advantages given by this move with a tariff tax putting you in a worse position than you are now. At that point the CEO has 2 choices, call or fold. Sweeten the pot with a lower corporate tax, a lower capitol gains and dividends tax and you have the winning hand. No crony capitalism here! Trump is just doing what he’s been saying he’d do all along, Carrier just happen to be the first.
$7 million tax incentive is a bargain of the century,
when you consider the jobs saved have a payroll of $50-65 million EVERY YEAR. Think about the benefits to local economy. It is said $1 payroll in manufacturing creates $6 in peripheral economic activity.
By “conservatives” I mean “career politicians” who claim to be conservatives. They are 99% in pockets of their ultra rich donor class. The real conservatives are mostly non-politicians we meet in every day life.
It does not matter what you call it. But crony capitalism is when a PARTICULAR industry owned by DONORS/FRIENDS is favored. Excellent example is SOLYNDRA by Obama regime.
Trump favors ANY and ALL manufacturing to remain in USA. The $7 million tax incentive is bargain of century considering it creates $50-65 million payroll EVERY YEAR.
Economists claim that $1 in manufacturing payroll creates $6 in peripheral economic activity.
Palin is right. The proper role of government is to create an environment that promotes free and open competition for ALL businesses, not picking and choosing crony favorites.
Reduce taxes. Gut regulations. Across the board. That’s anti-Obamanomics.
Is anyone here surprised that the media ran headlines that weren't really true, something someone they hate supposedly said but didn't? They will continue to try to divide us, and we simply need to throw it back in their faces.
Just look how many here on FR took the bait.
Just shameful.
Sorry, Lake. I read Sarah’s actual words, and it was still a scolding. Not necessarily unwarranted, but it’s premature, at this delicate moment in time.
I think she should have held her critique until after Trump is in office, and has shown through actual deed, whether he’s going to apply the Reagan model to this issue (which he campaigned on), or whether he’ll go the crony capitalist route.
While Palin is technically correct, she apparently doesn’t realize that Trump ISN”T President yet. There is no way Trump can do an across the board tax reduction for all business until after the inauguration. But, since Pence is still Indiana’s Governor, Trump can communicate with Carrier his intention of seeking a reduction in the corporate tax rate once he takes office.
From what I understand, the 7 million dollar tax break was on the table before Carrier made the decision to move. Obviously with Trump winning the election and having a talk with United Technologies CEO the business climate has changed to the point where staying was a win-win for Carrier and United Technologies.
While I have high regard for Sarah, sometimes I think her reactions are more about her than about what is best for the country.
As stated in my first post on this thread, I agree with what Palin wrote. I also agree with Levin.
Levin’s motives are pure.
Palin’s motive is butt hurt at being ignored after being a shameless shill and getting passed over.
I agree with Sarah...that you cannot just do this for a chosen few companies, but must incentivize, fairly (and, by NOT putting a strain on the taxpayer) and across the board.
I agree with Windy, that the timing of Sarah’s article, is not the best. The time for armchair quarterbacking will come, later. We need all good hands on deck, now. Let the man get into the White House for a while, at least, before issuing public warnings or concerns.
Oooh....I want that!!
I’ve said ad infinitum that I generally don’t like these deals. My dislike is motivated in part by principle (not wanting the state to pick winners and losers, etc.) but mostly by practicality: the vast majority of them are losers for the taxpayers. The Carrier deal seems to be a rare exception on the practicality side.
Money quote: Gotta’ have faith the Trump team knows all this.
I agree with her sentiment far more than the headline.
I agree with you that she should have said this to them privately, she has to know they are going to exaggerate what she says to try to divide us.
The only thing that can keep the Trump agenda from succeeding is if the democrat/media Alynskyites succeed in dividing us, making parts of the agenda stillborn, giving the skittish RINO wing an opportunity to defect.
The little girl thinks everyone should operate as thought everything is perfect with the government. What exact ideas does she have to remove the oppressive environment where crony capitalism isn’t necessary? Has she ever advocated the removal of income taxes or payroll taxes?? Has she ever advocated for the removal of minimum wage? The EPA??
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