Posted on 12/05/2016 2:46:03 AM PST by expat_panama
Economy: President-elect Trump's deal with Carrier isn't important because it saved 1,000 jobs. It's important because of the message it sends to businesses everywhere: Help is on the way.
The reaction to Carrier's decision to retain some of its employees after meeting with Trump has been amusing. On the one hand, Trump's critics say the deal was a mere trifle, since there are still so many people out there hurting. On the other hand, they claim that Trump is acting like a third-world despot.
A few headlines paint the picture:
"Trump's Carrier Victory Is the Economy's Loss"
"Trump's Carrier deal is right out of Putin's playbook"
"Is Trump's Deal With Carrier A Form Of Crony Capitalism?"
"Trump Cheered for Carrier Deal Even as Other Jobs Are Trimmed"
"Bernie Sanders: Donald Trump 'Has Endangered' U.S. Jobs With Carrier Deal"
The White House, meanwhile, sniffed that saving 1,000 jobs was a mere fraction of all the manufacturing jobs supposedly created on Obama's watch. (Earth to White House: Trump isn't even president yet. Plus, there are 300,000 fewer manufacturing jobs today than when Obama took office in January 2009...
...the message Trump is delivering to business leaders, we should all be cheering
It means an end to eight years in which President Obama, instead of supporting U.S. companies, arrogantly scolded business... ...and a surging population of labor-force dropouts.
What's more, if Trump succeeds in cutting business taxes, allowing companies to repatriate money parked overseas, and easing the regulatory burden on job creators — as he's promised — he won't have to browbeat companies into keeping jobs here, because they will already be doing that, and creating millions more.
We can hardly wait to see how Trump's critics try to put a negative spin on that.
(Excerpt) Read more at investors.com ...
If Trump jumped into a raging river to save four kids from being swept over the falls and after an Herculean effort save three. The MSM would report “Trump Let A Child Drown.”
There is no making them happy so why try.
fun watching their heads blow up- and their logic twist (although logic and Libs is a stretch) in the wind
If MSM wants, just let them go their own way, becoming more and more irrelevant, which will lead to more and more shrinking.
The fact is, America has voted that it wants to be HAPPY again, so let’s all get on the train and be happy together!
You are correct of course. The Leftist media will criticize Trump regardless of the virtues and actual successes of his actions.
But this article reflects criticism from the Right as well as the Left so it is not so easily dismissed. For example this one from the article is a typical conservative comment:
"Is Trump's Deal With Carrier A Form Of Crony Capitalism?"
From my perspective the answer to that question is YES. OTOH it was great theater, brilliant PR and it sends a message, as the article notes, that help is on it's way to businesses everywhere. A net good thing despite the legitimate Crony Capitalism Tag.
My hope is that Trump will focus on the broad brush help that businesses need to get the economy back up and running and employment growing and will not pursue the Crony Capitalist habit of picking winners and losers. The article offers the rationale for that approach:
What's more, if Trump succeeds in cutting business taxes, allowing companies to repatriate money parked overseas, and easing the regulatory burden on job creators — as he's promised — he won't have to browbeat companies into keeping jobs here, because they will already be doing that, and creating millions more. We can hardly wait to see how Trump's critics try to put a negative spin on that.
I saw an example of that on my Facebook feed this morning where the poster tried to establish an equivalence between welfare and the GI Bill. Gave him both barrels...
If Trump walked on water to save a drowning man, the headline would be: TRUMP CAN’T SWIM!
(Oldie.)
Nevertrumpers and the MSM look really bad for not wanting to save Carrier jobs while everyone else is happy: double win
Mark Levin and Sarah Palin are Trump critics here. They’re not the press. Dont know what IS wrong with them, but they are off the rails
And they're not the only folks that are happy in town....the barber, the hairdresser, the restaurants, the super markets, Dollar Store etc etc etc.....
Their jobs mean a lot of money for the local economy. Jobs make everyone happy.
It is not crony capitalism when a company says “these regulations are killing us” and Trump responds “Done, they are gone for all business.”
Alaska lives totally off natural resources. It’s a whole different economy.
Symbolism is everything in the first months.
Sure, the Carrier deal does not, in objective terms, make any fiscal sense at all, as it was a combination of bribes and arm-twisting (carrot and stick) that propelled the deal. But because the right tools are not in place (lowered tax rates and lifting of onerous but meaningless regulatory burdens), only incentives in the short term and threats of financial chastisement if the move is actually completed, forced the reconsideration.
Crony capitalism? Well, it would be, if the persons compelling the deal were in a position to actually PROFIT from the proceeds. But the incentives offered so far are supposedly to be a direct boost to the persons actually affected, not an under-the-table kickback to the people demanding the deal be carried out. And people actually NEED air conditioners, while something like the Solyndra solar power scam, producing only marginally useful products, was an out-and-out diversion of US Treasury funds into an unworkable business plan, but greatly rewarding the “investors”.
no idea
Remember, to DemocRATS and all liberal creepozoids, businesses and corporations are evil. And the more successful businesses are even more so (except for the ones that bend over and genufleck, give money). Besides the Cronyism, the only other endeavor that can grow and grow is the government itself. As I compose this, I am reminded of a quote during the Brexit vote. An EU bureaucrat stated that he could not believe that Britain allowed the citizens to even have a vote. If Obambi does not end up at the UN, he will fit in just perfect at the EU.
No it isn't and that's what he needs to do.
No one in the Trump organization, especially him, got their palm greased, got campaign contributions, or got one of their pals a job in return for their staying which means it's Trump dealing with the reality that the government has force on companies like Carrier, not Trump or his cronies benefiting from doing something that helps Carrier.
Crony Capitalism is the Clinton administration being full of people who made money and got positions on boards (basically high paid no show jobs) from selling technology to China during his stay in the Whitehouse or companies giving a few million to the Hillary campaign and a few million to the Clinton Foundation in return for Hillary as SoS giving an Ok to an arms deal in Pakistan or elsewhere.
Trump is the only one who can twist arms to get the damage Bill Clinton, Bush RINOs in Congress, and Barry, have done to the economy for decades and as such the people who are going to benefit from his efforts, his "cronies" if you will, are We The People.
That's not Crony Capitalism.
That's a real leader finally protecting all of us from our worst enemy, the Federal Government.
JMHo
"while something like the Solyndra solar power scam, producing only marginally useful products, was an out-and-out diversion of US Treasury funds into an unworkable business plan, but greatly rewarding the “investors”."
Hard to disagree with anything in your post.
Your Solyndra example is right on the mark. Solyndra vs Carrier is Apples to Oranges. Not even in the same league. Trump's motivation was to save jobs. Obama's motivation was to pay off his friends and impress his naive greenie supporters.
It would be 24/7 CNN headlines for a week on top of that.
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