A little vetting of this guy's background would tell anyone Trump is filling the swamp with this shady clown. I guess we shouldn't be surprised we will be getting more of the same.
This was one of the few places I was hoping we would be seeing real change. Bush ends with a Goldman alum and Trump is gonna start with one.
"Make America Corrupt Again"
To remove first post, remove entire topic.
A little vetting of this guy's background would tell anyone Trump is filling the swamp with this shady clown. I guess we shouldn't be surprised we will be getting more of the same.
This was one of the few places I was hoping we would be seeing real change. Bush ends with a Goldman alum and Trump is gonna start with one.
Yeah right. Put people in charge of a corrupt system to fix the corrupt system? Might be a good idea instead of bought and paid for government hacks... Give the man a chance....
Yeah right. Put people in charge of a corrupt system to fix the corrupt system? Might be a good idea instead of bought and paid for government hacks... Give the man a chance....
Yeah right. Put people in charge of a corrupt system to fix the corrupt system? Might be a good idea instead of bought and paid for government hacks... Give the man a chance....
Are you serious? Have you looked at the background of this guy? He "is" the very problem that continues to fill the swamp.
Quote Originally Posted by Killer_B:
Yeah right. Put people in charge of a corrupt system to fix the corrupt system? Might be a good idea instead of bought and paid for government hacks... Give the man a chance....
Are you serious? Have you looked at the background of this guy? He "is" the very problem that continues to fill the swamp.
This was not a pick one makes when selling the country on change. Our financial sector is extremely corrupt and Mnuchin has dirty hands based on his past. This was the one appointment I was hoping to see real change and we have ended up with more of the same. Trump needed to appoint someone that wasn't making millions at the expense of taxpayers.
Epic fail for Trump. Not even close to passing the smell test.
Please B let's focus and stay on topic.
This was not a pick one makes when selling the country on change. Our financial sector is extremely corrupt and Mnuchin has dirty hands based on his past. This was the one appointment I was hoping to see real change and we have ended up with more of the same. Trump needed to appoint someone that wasn't making millions at the expense of taxpayers.
Epic fail for Trump. Not even close to passing the smell test.
700k a year is what sealed the deal, you are kidding yourself to think it had anything else to do but financial incentives.
My prediction is Carrier will end up shuttering or move during his 4 years even with this free money.
I bet Apple would move production over to the US if you gave them 100 billion dollars in tax breaks..
sorry bettingforfun for staying on this topic but it all goes to the idea of screwing the taxpayers.
maybe i'm wrong, but what i don;t get is that carrier's parent company is united technologies that has $6.7 billion in federal contracts. that's a huge amount of leverage trump had for these "negotiations". how do you have that kind of leverage and end with a deal that loses more than 1000 jobs to mexico (more than half of what carrier originally planned) and carrier still gets a big tax break that the taxpayers have to pay for. it seems impossible to darn up your leverage that badly unless this is just pure corporate welfare.
what am i missing?
Quote Originally Posted by wallstreetcappers:
haha..
700k a year is what sealed the deal, you are kidding yourself to think it had anything else to do but financial incentives.
My prediction is Carrier will end up shuttering or move during his 4 years even with this free money.
I bet Apple would move production over to the US if you gave them 100 billion dollars in tax breaks..
sorry bettingforfun for staying on this topic but it all goes to the idea of screwing the taxpayers.
maybe i'm wrong, but what i don;t get is that carrier's parent company is united technologies that has $6.7 billion in federal contracts. that's a huge amount of leverage trump had for these "negotiations". how do you have that kind of leverage and end with a deal that loses more than 1000 jobs to mexico (more than half of what carrier originally planned) and carrier still gets a big tax break that the taxpayers have to pay for. it seems impossible to darn up your leverage that badly unless this is just pure corporate welfare.
According to CNBC, legally the govt is prohibited from using it in negotiations unless it is affirmatively addressed in the original contract w UTX (not to say they wouldn't do it anyway behind closed doors).
According to CNBC, legally the govt is prohibited from using it in negotiations unless it is affirmatively addressed in the original contract w UTX (not to say they wouldn't do it anyway behind closed doors).
We must. Specific only to Carrier. What did O/O administration do to keep the 1,000 jobs in Indiana?
i don't know. maybe nothing, maybe he was focusing on an economy that adds more than 6 times that per day without giving any corporate welfare tax breaks away that the average person has to pay for.
Quote Originally Posted by sundance:
We must. Specific only to Carrier. What did O/O administration do to keep the 1,000 jobs in Indiana?
i don't know. maybe nothing, maybe he was focusing on an economy that adds more than 6 times that per day without giving any corporate welfare tax breaks away that the average person has to pay for.
If 700k is the number. Small price to pay if your are an Indiana tax payer in my opinion. Specific to Ford only. What did O/Obama administration do to keep Ford from moving one of their plants to Mexico?
If 700k is the number. Small price to pay if your are an Indiana tax payer in my opinion. Specific to Ford only. What did O/Obama administration do to keep Ford from moving one of their plants to Mexico?
remember, trump did say that if companies send jobs out of the country, they will pay an extra tax. one of the first things he does is give a huge tax break to a company that is sending 1000+ jobs out of the country.
remember, trump did say that if companies send jobs out of the country, they will pay an extra tax. one of the first things he does is give a huge tax break to a company that is sending 1000+ jobs out of the country.
This is actually interesting to watch. The right defending government meddling in private business. Didn't Pence start rolling the ball on this quite a while back?
This is actually interesting to watch. The right defending government meddling in private business. Didn't Pence start rolling the ball on this quite a while back?
This is actually interesting to watch. The right defending government meddling in private business. Didn't Pence start rolling the ball on this quite a while back?
that's another point. i guess you can bring up an specific company and ask what did obama do in this situation (although i think he has a pretty good record with the auto industry), but everyone has to understand that you can't save jobs or reduce the unemployment rate by going to individual companies and giving them handouts to keep some jobs here for an indeterminate period of time. that is unsustainable. it makes for a good press release though.
Quote Originally Posted by bettingforfun:
This is actually interesting to watch. The right defending government meddling in private business. Didn't Pence start rolling the ball on this quite a while back?
that's another point. i guess you can bring up an specific company and ask what did obama do in this situation (although i think he has a pretty good record with the auto industry), but everyone has to understand that you can't save jobs or reduce the unemployment rate by going to individual companies and giving them handouts to keep some jobs here for an indeterminate period of time. that is unsustainable. it makes for a good press release though.
If 700k is the number. Small price to pay if your are an Indiana tax payer in my opinion. Specific to Ford only. What did O/Obama administration do to keep Ford from moving one of their plants to Mexico?
If 700k is the number. Small price to pay if your are an Indiana tax payer in my opinion. Specific to Ford only. What did O/Obama administration do to keep Ford from moving one of their plants to Mexico?
If 700k is the number. Small price to pay if your are an Indiana tax payer in my opinion. Specific to Ford only. What did O/Obama administration do to keep Ford from moving one of their plants to Mexico?
You cant say this...you especially cannot say this.
You come off as a biased, narrow minded hack when you rationalize for your side but you bash the he!! out of Obama and decisions made by democrats.
Carrier is not competitive, their issue isnt with labor costs only, yet for many companies they try to hide their operating mistakes behind the cost of labor and blame their woes on paying employees rather than focusing on sales and gross margins.
When you compare all of the companies in this sector, specifically the small business and residential HVAC production you will find the leaders having better GROSS MARGINS...that has nothing to do with labor, that is the cost of their product vs sales.
Carrier would have no issue paying wages (which is less of a cost than the unit of course) if they had stronger sales and better gross margins.
700k a year IS a big deal, every single corporate handout is a big deal. I have little sympathy for a legacy company like Carrier who has a massive parent company to back them...this handout is a cheat to the taxpayer. If UTX thinks Carrier is sinking then either subsidize or sell the unit..dont hold the state hostage over freebies.
Quote Originally Posted by sundance:
If 700k is the number. Small price to pay if your are an Indiana tax payer in my opinion. Specific to Ford only. What did O/Obama administration do to keep Ford from moving one of their plants to Mexico?
You cant say this...you especially cannot say this.
You come off as a biased, narrow minded hack when you rationalize for your side but you bash the he!! out of Obama and decisions made by democrats.
Carrier is not competitive, their issue isnt with labor costs only, yet for many companies they try to hide their operating mistakes behind the cost of labor and blame their woes on paying employees rather than focusing on sales and gross margins.
When you compare all of the companies in this sector, specifically the small business and residential HVAC production you will find the leaders having better GROSS MARGINS...that has nothing to do with labor, that is the cost of their product vs sales.
Carrier would have no issue paying wages (which is less of a cost than the unit of course) if they had stronger sales and better gross margins.
700k a year IS a big deal, every single corporate handout is a big deal. I have little sympathy for a legacy company like Carrier who has a massive parent company to back them...this handout is a cheat to the taxpayer. If UTX thinks Carrier is sinking then either subsidize or sell the unit..dont hold the state hostage over freebies.
If UTX thinks Carrier is sinking then either subsidize or sell the unit..dont hold the state hostage over freebies.
but here's the thing. UTX is a hostage of the federal government, if anything. they have $6.7 billion in federal contracts. i didn't check but i have to think that's UTX's biggest client, or close. why did the indiana taxpayers end up paying so much, why are more than half of those jobs still going to mexico and how long did carrier guarantee these other jobs would stay in IN anyway?
If UTX thinks Carrier is sinking then either subsidize or sell the unit..dont hold the state hostage over freebies.
but here's the thing. UTX is a hostage of the federal government, if anything. they have $6.7 billion in federal contracts. i didn't check but i have to think that's UTX's biggest client, or close. why did the indiana taxpayers end up paying so much, why are more than half of those jobs still going to mexico and how long did carrier guarantee these other jobs would stay in IN anyway?
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