Trump team and United Technologies reach agreement on keeping close to 1,000 factory jobs in Carrier plant in Indiana

[qui_est_ce]

The man saves 1,000 jobs and he isn’t even president yet. Give him some slack.
JPeterson:

So he saved 1000 jobs which is good, they are also sending about 1000 jobs to Mexico anyway. To get the 1000 jobs to stay they had to offer tax breaks which will hurt the people of the state and help the shareholders.

Yet every job has ripple effects: payroll taxes will be paid instead of unemployment checks being spent. Those who have jobs will spend, keeping the local economy going.

I don’t think I’d say I have financial security. My job will go away at some point. I don’t have much education and am in my 40’s. I’m one layoff away from potentially never working again. I don’t feel very secure; Trump doesn’t help me feel more secure.

I’m sorry Trump didn’t save your job - maybe not yet - but this should give many of us hope.

 

[CrossofChrist]

So he saved 1000 jobs which is good, they are also sending about 1000 jobs to Mexico anyway. To get the 1000 jobs to stay they had to offer tax breaks which will hurt the people of the state and help the shareholders.

I don’t see how it could possibly hurt the people of the state. If there are tax breaks involved, less taxes go to the state, true. But if the jobs are all outsourced, then the state gets no money at all.

Of course, 1000 jobs is a drop in the bucket when taking into account manufacturing jobs in the U.S…let alone jobs in the whole economy. I’m not sure why it’s getting this much press coverage.

 

[meltzerboy]

I don’t see how it could possibly hurt the people of the state. If there are tax breaks involved, less taxes go to the state, true. But if the jobs are all outsourced, then the state gets no money at all.

Of course, 1000 jobs is a drop in the bucket when taking into account manufacturing jobs in the U.S…let alone jobs in the whole economy. I’m not sure why it’s getting this much press coverage.

It’s getting this much press coverage because we’re talking about Trump, who got too much press–although bad press, still one of the reasons people paid attention to him at all–even before he became President-Elect. When he becomes POTUS, he will no doubt receive even more press coverage, if that is possible.

 

[tomarin]

It’s getting this much press coverage because we’re talking about Trump, who got too much press–although bad press, still one of the reasons people paid attention to him at all–even before he became President-Elect. When he becomes POTUS, he will no doubt receive even more press coverage, if that is possible.

I don’t see how that’s possible. I can’t open a news website without seeing wall-to-wall Trump.

 

[qui_est_ce]

It’s getting this much press coverage because we’re talking about Trump, who got too much press–although bad press, still one of the reasons people paid attention to him at all–even before he became President-Elect. When he becomes POTUS, he will no doubt receive even more press coverage, if that is possible.

I thought the press was mad because Trump was bypassing them and using social media?

 

[M-Dent]

It’s getting this much press coverage because we’re talking about Trump, who got too much press–although bad press, still one of the reasons people paid attention to him at all–even before he became President-Elect.** When he becomes POTUS, he will no doubt receive even more press coverage, if that is possible**.

I do get the sense the next President will change much of how the POTUS and the Press interact. I wouldn’t doubt press coverage becomes even more op-ed style - if that’s possible.

 

[ProVobis]

It’s getting this much press coverage because we’re talking about Trump, who got too much press–although bad press, still one of the reasons people paid attention to him at all–even before he became President-Elect. When he becomes POTUS, he will no doubt receive even more press coverage, if that is possible.

Gives him more time to contradict himself and alienate his own voters.

Just a matter of time before another major stock crash.

 

[ProVobis]

Why couldn’t Obama put the same pressure on them?

He didn’t have to when the dollar was weaker against the peso. Check the charts.

Last thing Trump needed was a stronger dollar so now he has to “negotiate” instead of letting the free market to work.

As an investor I wouldn’t touch this company.

 

[Thorolfr]

I don’t see how it could possibly hurt the people of the state. If there are tax breaks involved, less taxes go to the state, true. But if the jobs are all outsourced, then the state gets no money at all.

Of course, 1000 jobs is a drop in the bucket when taking into account manufacturing jobs in the U.S…let alone jobs in the whole economy. I’m not sure why it’s getting this much press coverage.

$7 million in tax breaks is a lot of money that the state of Indiana will lose to save 1000 jobs.

 

[SuperLuigi]

It’s getting this much press coverage because we’re talking about Trump, who got too much press–although bad press, still one of the reasons people paid attention to him at all–even before he became President-Elect. When he becomes POTUS, he will no doubt receive even more press coverage, if that is possible.

For the first time in about 9 years, the press is actually going to have to do its job.

 

[SuperLuigi]

$7 million in tax breaks is a lot of money that the state of Indiana will lose to save 1000 jobs.

Well, now that we have a GOP president in the White House, the left will go back to caring about how taxpayer dollars are spent as they try and sweep the Obama/Biden 10 trillion dollar in debt under the rug.

 

[Saints_Alive]

Well, now that we have a GOP president in the White House, the left will go back to caring about how taxpayer dollars are spent as they try and sweep the Obama/Biden 10 trillion dollar in debt under the rug.

Good point.

 

[Xystus]

I think this is a very good piece by Sarah Palin on the issue

youngcons.com/sarah-palin-but-wait-the-good-guys-wont-win-with-more-crony-capitalism/

A couple highlights:

“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.
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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.
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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.”

 

[Thorolfr]

Well, now that we have a GOP president in the White House, the left will go back to caring about how taxpayer dollars are spent as they try and sweep the Obama/Biden 10 trillion dollar in debt under the rug.

Obama added $7.917 trillion to the debt, but George W. Bush added $5.849 trillion, a close runner up. And don’t forget that a lot of the debt that was added under Obama was part of the stimulus package that was needed to avoid a complete meltdown of our economy that started at the very end of Bush’s second term.

thebalance.com/us-debt-by-president-by-dollar-and-percent-3306296

 

[ProVobis]

Well, now that we have a GOP president in the White House, the left will go back to caring about how taxpayer dollars are spent as they try and sweep the Obama/Biden 10 trillion dollar in debt under the rug.

Much of this debt was created by the QE programs run by Bernanke and supported by Yellen but Trump wants to replace Yellen so we will see.

 

[Thorolfr]

Much of this debt was created by the QE programs run by Bernanke and supported by Ellen but Trump wants to replace Yellen so we will see.

Yellen has indicated that she has no intention of resigning and since the Fed is somewhat independent, I don’t think that there is anything that Mr. Trump can do about it. Yellen’s term doesn’t expire until January 31, 2024. The Chair of the Fed has a 14 year term.

 

[M-Dent]

Yellen has indicated that she has no intention of resigning and since the Fed is somewhat independent, I don’t think that there is anything that Mr. Trump can do about it. Yellen’s term doesn’t expire until January 31, 2024. The Chair of the Fed has a 14 year term.

Yellen’s term expires February 3, 2018. Though she may resign as did the Democratic appointed Sec chairman.

 

[Thorolfr]

Yellen’s term expires February 3, 2018. Though she may resign as did the Democratic appointed Sec chairman.

The link you provided is for the chair of the Securities and Exchange Commission (SEC), not the Federal Reserve. According the website of the Federal Reserve, “Prior to her appointment as Chair, Dr. Yellen served as Vice Chair of the Board of Governors, taking office in October 2010, when she simultaneously began a 14-year term as a member of the Board that will expire January 31, 2024.”

federalreserve.gov/aboutthefed/bios/board/yellen.htm

 

[Thorolfr]

Yellen’s term expires February 3, 2018. Though she may resign as did the Democratic appointed Sec chairman.

My mistake. But she will still remain on the Board of Governors until 2024.

During testimony before the Joint Economic Committee on Capitol Hill Thursday, the Chair of the Federal Reserve said that she’s staying put. “I was confirmed by the Senate for a four-year term which ends in January of 2018,” Yellen said. “And it’s fully my intention to serve out that term.”

fortune.com/2016/11/17/donald-trump-janet-yellen/

I don’t think she’s going to resign.

 

[M-Dent]

Janet L. Yellen took office as Chair of the Board of Governors of the Federal Reserve System on February 3, 2014, for a four-year term ending February 3, 2018.

federalreserve.gov/aboutthefed/bios/board/yellen.htm

She will remain as a member of the board until 2024.

I mention the SEC Chairman because she is leaving early.