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Thread: President Trump

  1. #2296
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    Re: President Trump

    WOW!! WTG Trump!! Thank the Good Lord as well and that we have a true business man in the WH
    that is also blessing and protecting Israel (IMHO there is a correlation).



    American money flowing back into America


    By Suzanne O'HalloranPublished June 26, 2018Business LeadersFOXBusiness

    RECORD $300 BILLION REPATRIATED TO USA









    Despite President Trump's tit-for-tat trade barbs, America’s CEOs are not wasting anytime in taking advantage of his tax reform plan. Over $300 billion was repatriated to the U.S. in the first quarter, according to the Bureau of Economic Analysis (BEA) -- the most on record.
    “U.S. firms that used to build their factories overseas in order to avoid U.S. taxes, they stopped in their tracks because of the tax bill, they are bringing all the money home,” said Kevin Hassett, chair of the president's Council of Economic Advisers, during an interview on FOX Business’ Varney & Co. in June.


    The BEA notes the main driver of the repatriation surge is that companies are no longer taxed on foreign earnings when returning the funds to the U.S. “We fixed that really, really stupid thing” said Hassett. By comparison just $38 billion was repatriated during the same period a year ago.


    While the BEA keeps the names and sums of corporations repatriating confidential, the latest data appear to show CEOs are likely sticking to their pledge to bring more money earned overseas back to the U.S. promised shortly after the tax plan was signed by President Trump in late December 2017.

    https://www.foxbusiness.com/markets/...k-into-america








  2. #2297
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    Re: President Trump

    Quote Originally Posted by Guisslapp View Post
    "Increasing international production to alleviate the EU tariff burden is not the company's preference, but represents the only sustainable option," Harley Davidson said in a regulatory filing on Monday.
    Works for me.

    But, I am in favor of a 25% tariff should they decide to import any of those motorcycles here.

    Note that they are INCREASING the tariff being charged, meaning they are already PROTECTING their domestic producers of motorcycles with a tariff on Harleys. This is not a level playing field and has never been.

    As for me, I am 100% for tariffs on all goods coming into the US, because we need to protect our workers who have a higher standard of living than someone eating a bit of skewered rat mixed in with a bowl of rice once a day to go along with their $20 salary. Seems to me that this is what happened to our middle class, and the biggest beneficiaries have been the officers of corporations, the VERY rich (like the Koch guys, that liberal nazi that stole from the Jews being sent to the gas chambers and ovens, Bill Gates and Warren Buffett) and the increase in the stock market with bigger corporate profits from lower labor costs.

  3. #2298
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    Re: President Trump

    Quote Originally Posted by DawgyNWindow View Post
    Works for me.

    But, I am in favor of a 25% tariff should they decide to import any of those motorcycles here.

    Note that they are INCREASING the tariff being charged, meaning they are already PROTECTING their domestic producers of motorcycles with a tariff on Harleys. This is not a level playing field and has never been.

    As for me, I am 100% for tariffs on all goods coming into the US, because we need to protect our workers who have a higher standard of living than someone eating a bit of skewered rat mixed in with a bowl of rice once a day to go along with their $20 salary. Seems to me that this is what happened to our middle class, and the biggest beneficiaries have been the officers of corporations, the VERY rich (like the Koch guys, that liberal nazi that stole from the Jews being sent to the gas chambers and ovens, Bill Gates and Warren Buffett) and the increase in the stock market with bigger corporate profits from lower labor costs.
    Foreign-based companies are also traded on the stock market and employ US workers. A trade war won’t help our exports and US workers will need extra large raises to afford the more expensive goods.

    From a long-term growth perspective, it also has the effect of protecting jobs in inefficient industries while hurting jobs in efficient industries...which means overall reduced growth.

  4. #2299
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    Re: President Trump

    Quote Originally Posted by Guisslapp View Post
    Foreign-based companies are also traded on the stock market and employ US workers. A trade war won’t help our exports and US workers will need extra large raises to afford the more expensive goods.

    From a long-term growth perspective, it also has the effect of protecting jobs in inefficient industries while hurting jobs in efficient industries...which means overall reduced growth.
    I am all for employees getting long overdue raises.

    Inefficient industries? Efficient industries? Sounds like macro econ BS to me. Reduced overall growth? Growth for whom? The nazi mentioned earlier, Koch brothers, Gates and Buffett? Keep this junk up and I promise you will have a Bernie Sanders elected president soon, and he will be raiding your bank account in the name of "fairness". You'll have the 1% controlling even more of the wealth than they do now. The foreign workers might even get an extra boiled rat in their bowl for their 15 hour work day.

    Right now, McDonalds is no longer a starter job, it's a career. Eventually it will be done by robots, because it requires little to no skill. Manufacturing requires skill. Building houses requires skill. Both are increasingly done overseas or by illegals paid sub minimum wages.

    Repubs and dems both suck. They are bought and paid for (but you'll take a side if you think it makes Trump look bad....TDS).

  5. #2300
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    Re: President Trump

    Quote Originally Posted by DawgyNWindow View Post
    I am all for employees getting long overdue raises.

    Inefficient industries? Efficient industries? Sounds like macro econ BS to me. Reduced overall growth? Growth for whom? The nazi mentioned earlier, Koch brothers, Gates and Buffett? Keep this junk up and I promise you will have a Bernie Sanders elected president soon, and he will be raiding your bank account in the name of "fairness". You'll have the 1% controlling even more of the wealth than they do now. The foreign workers might even get an extra boiled rat in their bowl for their 15 hour work day.

    Right now, McDonalds is no longer a starter job, it's a career. Eventually it will be done by robots, because it requires little to no skill. Manufacturing requires skill. Building houses requires skill. Both are increasingly done overseas or by illegals paid sub minimum wages.

    Repubs and dems both suck. They are bought and paid for (but you'll take a side if you think it makes Trump look bad....TDS).
    Manufacturing is increasingly being done by robots, too. As AI improves, very few currently existing jobs will be safe. You guys are missing the forest for the trees. What is more important - the “job” or the result of the job (the product)?

    Capitalism values the product and capital will flow to its most efficient use (to the extent it legally can).

    Focusing on saving the current jobs slows creative destruction. The jobs aren’t the “end”. Most folks labor with the hope they will eventually labor less or stop laboring altogether while production continues and they reap the profit from their own capital.

    What you are seeing today is that “skills” have an ever decreasing useful lifespan. Technological change is disruptive and new innovation cycles come ever quickly rendering previous specific skills obsolete.

    For those that are just entering the workforce today, the obsolescence of skills will occur at a more rapid rate. Resistance is futile and counterproductive.

  6. #2301
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    Re: President Trump

    Quote Originally Posted by Guisslapp View Post
    Manufacturing is increasingly being done by robots, too. As AI improves, very few currently existing jobs will be safe. You guys are missing the forest for the trees. What is more important - the “job” or the result of the job (the product)?

    Capitalism values the product and capital will flow to its most efficient use (to the extent it legally can).

    Focusing on saving the current jobs slows creative destruction. The jobs aren’t the “end”. Most folks labor with the hope they will eventually labor less or stop laboring altogether while production continues and they reap the profit from their own capital.

    What you are seeing today is that “skills” have an ever decreasing useful lifespan. Technological change is disruptive and new innovation cycles come ever quickly rendering previous specific skills obsolete.

    For those that are just entering the workforce today, the obsolescence of skills will occur at a more rapid rate. Resistance is futile and counterproductive.
    Your and most corrupt politician's logic is "we will out grow these jobs in a couple of decades so let's go ahead and ship them to Mexico and Canada, then pay a tariff to get the goods we need back in the US."

  7. #2302
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    Re: President Trump

    Quote Originally Posted by Guisslapp View Post
    Manufacturing is increasingly being done by robots, too. As AI improves, very few currently existing jobs will be safe. You guys are missing the forest for the trees. What is more important - the “job” or the result of the job (the product)?

    Capitalism values the product and capital will flow to its most efficient use (to the extent it legally can).

    Focusing on saving the current jobs slows creative destruction. The jobs aren’t the “end”. Most folks labor with the hope they will eventually labor less or stop laboring altogether while production continues and they reap the profit from their own capital.

    What you are seeing today is that “skills” have an ever decreasing useful lifespan. Technological change is disruptive and new innovation cycles come ever quickly rendering previous specific skills obsolete.

    For those that are just entering the workforce today, the obsolescence of skills will occur at a more rapid rate. Resistance is futile and counterproductive.
    Your and most corrupt politician's logic is "we will out grow these jobs in a couple of decades so let's go ahead and ship them to Mexico and Canada, then pay a tariff to get the goods we need back in the US."

  8. #2303
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    Re: President Trump

    Quote Originally Posted by PawDawg View Post
    Your and most corrupt politician's logic is "we will out grow these jobs in a couple of decades so let's go ahead and ship them to Mexico and Canada, then pay a tariff to get the goods we need back in the US."
    We have already largely outgrown them. It makes better sense for other countries to dedicate their efforts into producing and exporting to us and us to spend more capital on the “industries” of the future.

  9. #2304
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    Re: President Trump

    Quote Originally Posted by Guisslapp View Post
    We have already largely outgrown them. It makes better sense for other countries to dedicate their efforts into producing and exporting to us and us to spend more capital on the “industries” of the future.
    No it doesn't. Makes no sense at all. It's corruption at its finest.

  10. #2305
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    Re: President Trump

    Quote Originally Posted by PawDawg View Post
    No it doesn't. Makes no sense at all. It's corruption at its finest.
    Corruption? How so?

  11. #2306
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    Re: President Trump

    This move by Harley Davidson is all political. They already have a 400,000 square ft. plant in Australia that ships motorcycles to Europe and Asia. 75% of Harley parts are made in foreign countries, mostly China and southeast Asia. I went in the Harley store here in Conway about 5 years ago to look at some of their jackets. I couldn't find any jackets, boots, or any clothes that were not made in China.

  12. #2307
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    Re: President Trump

    Quote Originally Posted by DONW View Post
    This move by Harley Davidson is all political. They already have a 400,000 square ft. plant in Australia that ships motorcycles to Europe and Asia. 75% of Harley parts are made in foreign countries, mostly China and southeast Asia. I went in the Harley store here in Conway about 5 years ago to look at some of their jackets. I couldn't find any jackets, boots, or any clothes that were not made in China.
    Yep. It is political, because Harley's got other problems. Harley's traditional customer base (baby boomers) is dying off, and they've been unsuccessful at getting millennial's to buy into motorcycling. Unlike previous generations, as a group, millennial's don't like cars and motorcycles. (Hard to believe, I know. LOL!)

    I have no sympathy for Harley Davidson, and most of you know I've been riding Harley's for more than 20 years. They have long charged far too much for everything. And it's the only business I know that accepts literally no returns (e.g., if you buy your wife a T-shirt and it doesn't fit, they won't let you bring it back.) If they think manufacturing HD motorcycles in Thailand is the answer, they will fail. Harley is supposedly all about "buying American". So much for "made in Thailand.

  13. #2308
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    Re: President Trump

    Quote Originally Posted by Guisslapp View Post
    Corruption? How so?
    What was I thinking? All those who voted for NAFTA (and other HORRIBLE trade agreements) are as pure as the driven snow.

  14. #2309
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    Re: President Trump

    Nothing says America like a Harley. Overweight, loud and proud.

  15. #2310
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    Re: President Trump

    Quote Originally Posted by HogDawg View Post
    Yep. It is political, because Harley's got other problems. Harley's traditional customer base (baby boomers) is dying off, and they've been unsuccessful at getting millennial's to buy into motorcycling. Unlike previous generations, as a group, millennial's don't like cars and motorcycles. (Hard to believe, I know. LOL!)

    I have no sympathy for Harley Davidson, and most of you know I've been riding Harley's for more than 20 years. They have long charged far too much for everything. And it's the only business I know that accepts literally no returns (e.g., if you buy your wife a T-shirt and it doesn't fit, they won't let you bring it back.) If they think manufacturing HD motorcycles in Thailand is the answer, they will fail. Harley is supposedly all about "buying American". So much for "made in Thailand.
    Gonna switch to Indian?

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