President Trump
- Thread starter Movingup
- Start date
NEW -> Contingent Buyer Assistance Program
Depends on how many kids they have and whether or not they have a working spouse (or a spouse at all)
Everyone knows you are eligible to get food stamps if you have one minimum wage job and has 3 dependents.
The point is if Obama is so good with the economy and good paying jobs are so readily available, why are there 12 million more people on food stamps now compare to 8 years ago?
Ah, cool. Running the numbers comes to the GM deal and the Carrier deal each being about $9,000 per job. Trump's really gotten tough on those companies that are going to move jobs overseas! I'm glad my company hasn't threatened to do it, as I'd hate for the government to give us $9,000 per employee.
Did you hear Trump's latest idea - a 35% tax on goods sold by US companies that move jobs overseas? Yeah, that will end well. I don't think he understands how manufacturing companies work. Maybe because his business isn't in manufacturing. If that tax went through, US companies would be at a big disadvantage compared to companies based outside the US. Those foreign companies just wouldn't have to pay that tax for making their goods in China, Taiwan, Mexico, etc.
There's also a difference between helping a company weather a storm due to a horrible economy and helping a company that's just doing its normal thing. It is better to help in the first case rather than in the second. It should not be a surprise that tons of conservatives hate the Carrier deal. It isn't just those on the left.
Of course, none of us knows what would have happened to GM without the help. You don't know that most of the jobs would still be around. The 1.2 million jobs number comes from the Center for Automotive Research. The numbers may still be inaccurate, because we don't have access to the alternate universe where we did not do the bailout, but they didn't come from the press.
morekaos
Well-known member
I beg to differ ...
General Motors Bailout Cost Taxpayers $11.2 Billion
The total cost of the government's bailout for General Motors has come to $11.2 billion after the Treasury sold the last of its assets in December
U.S. taxpayers lost more than $11.2 billion as a result of the federal bailout of General Motors, according to a government report released Wednesday.
The $11.2-billion loss includes a $826-million write-off in March from government investments in the ?Old GM? before the company?s 2009 bankruptcy, the report said. The U.S. government spent $49.5 billion to bail out GM, and after the company?s bankruptcy in 2009, the government?s investment was converted to a 61 percent equity stake in the company. The Treasury gradually sold off its stock in GM, selling its last shares in December 2013.
http://time.com/82953/general-motors-bailout-cost-taxpayers-11-2-billion/
General Motors Bailout Cost Taxpayers $11.2 Billion
The total cost of the government's bailout for General Motors has come to $11.2 billion after the Treasury sold the last of its assets in December
U.S. taxpayers lost more than $11.2 billion as a result of the federal bailout of General Motors, according to a government report released Wednesday.
The $11.2-billion loss includes a $826-million write-off in March from government investments in the ?Old GM? before the company?s 2009 bankruptcy, the report said. The U.S. government spent $49.5 billion to bail out GM, and after the company?s bankruptcy in 2009, the government?s investment was converted to a 61 percent equity stake in the company. The Treasury gradually sold off its stock in GM, selling its last shares in December 2013.
http://time.com/82953/general-motors-bailout-cost-taxpayers-11-2-billion/
paperboyNC
New member
Movingup said:
Depends on how many kids they have and whether or not they have a working spouse (or a spouse at all)
paperboyNC said:
Everyone knows you are eligible to get food stamps if you have one minimum wage job and has 3 dependents.
The point is if Obama is so good with the economy and good paying jobs are so readily available, why are there 12 million more people on food stamps now compare to 8 years ago?
Attachments
tim
New member
morekaos said:
Ah, cool. Running the numbers comes to the GM deal and the Carrier deal each being about $9,000 per job. Trump's really gotten tough on those companies that are going to move jobs overseas! I'm glad my company hasn't threatened to do it, as I'd hate for the government to give us $9,000 per employee.
Did you hear Trump's latest idea - a 35% tax on goods sold by US companies that move jobs overseas? Yeah, that will end well. I don't think he understands how manufacturing companies work. Maybe because his business isn't in manufacturing. If that tax went through, US companies would be at a big disadvantage compared to companies based outside the US. Those foreign companies just wouldn't have to pay that tax for making their goods in China, Taiwan, Mexico, etc.
morekaos
Well-known member
That's assuming all 1.2 million jobs were saved by blowing all that money. Truth is (unlike what the press likes to think) a company does not shutter its doors and turn out all its workers when it reorganizes in bk. Most of those jobs would still exist today had they been able to reorg properly without the wasted government injection into the union and pension fund. There is a huge differance between lost money and tax relief
tim
New member
morekaos said:
There's also a difference between helping a company weather a storm due to a horrible economy and helping a company that's just doing its normal thing. It is better to help in the first case rather than in the second. It should not be a surprise that tons of conservatives hate the Carrier deal. It isn't just those on the left.
Of course, none of us knows what would have happened to GM without the help. You don't know that most of the jobs would still be around. The 1.2 million jobs number comes from the Center for Automotive Research. The numbers may still be inaccurate, because we don't have access to the alternate universe where we did not do the bailout, but they didn't come from the press.
morekaos
Well-known member
American Airlines still exists, United Airlines still exists, US Steel still exists albeit in better forms, that is what capitalism does, shapes efficient use of capital. It would have done the same in the auto industry. Cash for clunkers and the GM stock bailout just transferred tax dollars into union coffers. That GM stock the government bought went to $0. The new issue stock, which the union and pension fund still own 60% of today is $35 a share...we got hosed.
morekaos
Well-known member
No, its tax relief. The one thing government controls, allows capital to stay with the corp to be more efficiently deployed, like this....
http://www.ocregister.com/articles/tax-737245-california-credit.html
How California convinced Orange County-based Yamaha of America to stay
http://www.ocregister.com/articles/tax-737245-california-credit.html
How California convinced Orange County-based Yamaha of America to stay