Posted on 01/14/2017 7:14:50 PM PST by E. Pluribus Unum
If the Roman emperors ruled by edict, President-elect Donald Trump appears poised to rule by tweet. Even before taking office, Trump has discovered he can move the world’s largest global corporations with simple, 140-character tweets. And though his aggressive approach is winning politically, good politics doesn’t necessarily mean good economics.
Voters see Trump fulfilling his campaign promises to close America’s borders and bring jobs back home. He is using the bully pulpit to stand up for workers by taking on the most powerful American companies, including Ford (F, +0.32%), General Motors (GM, -0.45%), Toyota (TM, +0.14%), Boeing (BA, +0.34%), Lockheed Martin (LMT, +0.76%), and United Technologies (UTX, -0.54%)/Carrier.
Thus far, no CEOs have had the courage to stand up to Trump. General Motors CEO Mary Barra has said the company’s small-car production will remain in Mexico, but it could only be a matter of time before she’s forced to change course. Trump’s sudden tweets likely worry many CEOs who fear they may be his next target. Right now, most have just tried to stay out of his way. Some, like SoftBank’s Masayoshi Son and Fiat’s Sergio Marchionne, have put forth peace offerings to invest more in the U.S.
(Excerpt) Read more at fortune.com ...
The command-and-control crowd sees their livelihood flashing before their eyes.
What we do get is that the evil of leftist totalitarian socialism hates that we might gain back our manufacturing capacity and stop redistributing our wealth to failed nations and ruthless tyrant states.
In the backroom of Fortune magazine: “We’ve spent decades creating a desperate work force who will work for minimal pay with no expectation of a career or promotion! Now Trump is going to make them think that they should share in the fruits of their labor.”
Duh! Donald Trump is not even President yet! He is doing what he can before he is inaugurated! Once he is, he is going to focus on training and educating Congress and the media! ;-) Employers will get the idea by themselves! ;-)
with major employers to train and educate workers...
Gee that’s funny. I didn’t know a ####ing thing about Graphics. Was the bookkeeper in the department.
Nice guy, Joe Rabinowitz, took a liking to me and trained me for six months, setting up a 20 year career.
Started paying me a (much higher) graphics salary while I still barely knew anything.
There’s your “training and education”.
Not these lies.
Trump is the very first truly patriotic American president I have seen since the first Bush.
The very first one.
There will be a whole lot of people who are completely unaccustomed to that, but I for one am very, very supportive of Trump, and I think he has been elected in the nick of time.
Oh this is total and utter B.S. A company is not going to invest in the U.S. because the President of the U.S. says they must. It is because he is going to make the business environment far better - slashing regulatory costs, getting health care costs under control, etc.
What we need is a 30% import tariff and let the “Captains of Industry” deal with it.
I want to stop illegal immigration, however, if there are not enough current residents to do the job because they’d rather stay in mommy’s basement or remain permanent college ‘students’ then I say bring on qualified immigrants, that meet the new tests Trump talked about.
Of course it would help boost the basement dwellers out if we would cut off their college loans and assistance. Then they might just have to work in the factories.
Note to Bill George, the American president is not our ruler.
oh my God. You are one of the fools that thinks with 92 million Americans not working we can’t fill our ranks. What a Chamber of Commerce stooge.
Most tariffs are a disaster. Put tariffs on countries not friendly to the U.S. Otherwise we need strong trading partners.
Bush was truly patriotic but also had a major vacuum in the economics section of his brain.
Tariffs work every time, in every instance they are tried. Ask the Chinese, ask the Japanese, ask the Koreans. Look at the USA form 1789 to 1913. From agrarian back water nothing to industrial power house behind a steep wall of trade tariffs. So you’d be wrong, again.
It is economies of efficiencies that have been created by government that has forced manufacturing offshore. Environmental and labor arbitrage.
1913? Really. How much do you think we traded with foreign nations back then? How are we going to export our products?
No Tariff. Just remove or at least drastically reduce taxes and regulations on business. American workers are dollar for dollar more productive than any other. The inordinate expense of American made products is due to the highest tax burden in the Developed world and one of the heaviest regulatory burdens. Take all that off and repatriation of offshored companies will be a stampede and the immigration of foreign companies also. A high tariff will simply cut off the economically lower 70% from much of the products we have gotten used to without ultimately improving the domestic economy. It certainly won’t help companies export because our 30% tariff will be matched by everyone else’s 30-50% tariffs and world trade will grind to a halt as it did in the 30s after our Congress initiated a long lasting Trade War with the rest of the world that triggered the Crash and helped prolong the hard times.
Actually that number is now 95 million.
95.1 last month.
One example is Taiwan:Duty rates in Taiwan vary from 0% to 30%, with the average duty rate at 6.52%. Some products can be imported free of duty (e.g. books, laptops and other electronic products).
And methinks this is by design, as the global-socialists who run D.C. wish to de-industrialize the U.S.
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