Does this sound like a joke to you?
- Thread starter Toots_mcgee
- Start date
The war in Ukraine will be over in 24 hours.
So will Gaza.
There will be 90 trade deals in 90 days.
No tax on tips.
No tax on overtime.
Interest on car loans will be tax deductible.
No tax on Social Security.
He will balance the budget.
Tariffs will pay for everything.
He won’t have time to golf like Obama did.
Stock market will roar!
So will Gaza.
There will be 90 trade deals in 90 days.
No tax on tips.
No tax on overtime.
Interest on car loans will be tax deductible.
No tax on Social Security.
He will balance the budget.
Tariffs will pay for everything.
He won’t have time to golf like Obama did.
Stock market will roar!
@blindedbythelight or any other trumpfluffer won't respond to these, they will just talk about all of his other promises made promises kept. Like most you Dem or Pub lap dogs you never call out your tribe when they do something wrong on the tribe of the others, @Toots_mcgee you disappeared for 4 years while Biden was in power.
Bahahahahaha. I was the biggest critic of Obama among non-right wingers on this board for 8 years.
He was a better person than Trump and smarter than Bush but fell short of my hopes for him.
Biden came into a horrible situation and did most of what he said he would do. The economy got straightened out and he was a decent person. I didn’t have huge issues with him. He didn’t embarrass our country on the world stage.
He should have hired an AG who would have put the hammer to Trump and locked him up for Jan 6. That was his biggest mistake.
He was also too old to continue and should have announced he wasn’t running early to open up the nomination. That was another screw up. Those two issues gave us Trump again.
He was a better person than Trump and smarter than Bush but fell short of my hopes for him.
Biden came into a horrible situation and did most of what he said he would do. The economy got straightened out and he was a decent person. I didn’t have huge issues with him. He didn’t embarrass our country on the world stage.
He should have hired an AG who would have put the hammer to Trump and locked him up for Jan 6. That was his biggest mistake.
He was also too old to continue and should have announced he wasn’t running early to open up the nomination. That was another screw up. Those two issues gave us Trump again.
A blind man or Trump could have lit that economy up, You give Biden way to much credit, it was all gassed up and the spark was there because we had a lot of pent up purchasing power! The funny thing is Biden and all the other Dems bemoaned the tariffs as causing inflation and said USMCA didn't go far enough, even you said that, they said they could do better..... But once in power Biden not only left most if not all tariffs in place, but while we had huge inflation he increased tariffs on Canadian lumber that also increased the cost to build houses while we had a lumber shortage....Guess what our honest news barely covered the story because it didn't fit the narrative.
While the Dems all bemoan the tariff war many forget that it was the Pubs and Clinton who pushed to give China free trade so it was them who got us in this mess. Now we have a president while not the ideal president is trying to stand up to China and its the Dems who are defending them??? come on.
Clinton said it would be a oneway street to making our economy better, Guess what? it was a one way street it was a one way street to the United States losing its manufacturing Americans losing good paying jobs. Now the Dems are standing up for China...give me a break. I don't care who is president give me somebody who will stand up to China and help bring some manufacturing jobs back. We don't need everything but if anything the pandemic proved we rely way to much on other countries to build things for us!! I would love to see Dems introduce something that would help facilitate this with Trump this is what working and non-working Americans want!!! I don't care if a man can run sports with woman I want them todo things that will actually help make our economy stronger!! Dems need to figure this out you need to figure this out.
"President Bill Clinton in 2000 was pushed into signing the bill by the Republican Congress. A bill which the Democrats highly opposed. This bill was to approve the U.S.-China trade agreement and China's accession to the WTO, saying that more trade with China would advance America's economic interests: "Economically, this agreement is the equivalent of a one-way street. It requires China to open its markets—with a fifth of the world’s population, potentially the biggest markets in the world—to both our products and services in unprecedented new ways," said Clinton. In a speech in 2000, Clinton reiterated his hopes"
I guess I missed the huge manufacturing renaissance in 2020. The inflation of 2022 is a direct reflection of what happened when Trump was in office, but everything is Clinton and Biden’s fault.
Trump moans about how awful his own trade deal is with Mexico and Canada. Bullit trusts Trump. SMDH.
The current stock market turmoil is a direct result of Trump’s bizarre roller coaster handling of trade. Figure out what you want and stick with it. That is at least part of why Biden left some of Trump’s EOs in place. Constantly going back and forth causes uncertainty for corporate planning and can lead to disaster as we are seeing now.
Trump moans about how awful his own trade deal is with Mexico and Canada. Bullit trusts Trump. SMDH.
The current stock market turmoil is a direct result of Trump’s bizarre roller coaster handling of trade. Figure out what you want and stick with it. That is at least part of why Biden left some of Trump’s EOs in place. Constantly going back and forth causes uncertainty for corporate planning and can lead to disaster as we are seeing now.
When you refuse to give Biden some credit, you have no credibility. It is rare for manufacturing jobs to bounce back like they did under Biden.
Official statistics from the federal Bureau of Labor Statistics show that manufacturing employment has risen by 789,000 after Biden took office in January, 2021.
The first three-quarters of those job gains represented a return to pre-recession levels. But historical post-recession patterns show that it’s rare for manufacturing jobs to bounce back at all.
We analyzed the federal government’s official data for manufacturing employment as far back as it goes — to the eve of World War II. We focused on two numbers: how many people were employed in manufacturing at the beginning of a recession and how many people were employed in the field 45 months later — the same amount of time that has passed since Biden took office.
The U.S. economy has had 13 recessions in the past 80-plus years. Forty-five months after nine of those recessions began, manufacturing employment remained below their initial levels. After 45 months passed in the remaining four recessions, manufacturing employment exceeded their initial levels.
Of those four recessions that produced net manufacturing job gains after 45 months, the one underway during Biden’s presidency ranks as the second-largest percentage gain, a 1.6% increase. The only manufacturing jobs recovery through 45 months that beats the current one was a recession that started in 1948, with a 6.9% increase.
In other words, the nation’s current manufacturing jobs rebound is the strongest at this point after a recession in 72 years.
Official statistics from the federal Bureau of Labor Statistics show that manufacturing employment has risen by 789,000 after Biden took office in January, 2021.
The first three-quarters of those job gains represented a return to pre-recession levels. But historical post-recession patterns show that it’s rare for manufacturing jobs to bounce back at all.
We analyzed the federal government’s official data for manufacturing employment as far back as it goes — to the eve of World War II. We focused on two numbers: how many people were employed in manufacturing at the beginning of a recession and how many people were employed in the field 45 months later — the same amount of time that has passed since Biden took office.
The U.S. economy has had 13 recessions in the past 80-plus years. Forty-five months after nine of those recessions began, manufacturing employment remained below their initial levels. After 45 months passed in the remaining four recessions, manufacturing employment exceeded their initial levels.
Of those four recessions that produced net manufacturing job gains after 45 months, the one underway during Biden’s presidency ranks as the second-largest percentage gain, a 1.6% increase. The only manufacturing jobs recovery through 45 months that beats the current one was a recession that started in 1948, with a 6.9% increase.
In other words, the nation’s current manufacturing jobs rebound is the strongest at this point after a recession in 72 years.
Toots, I was in manufacturing for over 10 years I watched jobs slowly offshore and you want to know something funny...not a single Dem protested us losing or job or the offshoring of thousands of jobs like they are currently for these government jobs? They just said we needed to be reeducated....what we were not in prisons?
And listen, you are right there has not been a huge renaissance, but I forget like most Dems you don't care about the working man and those 1,600 jobs created by Tariffs that Samsung and LG created by building manufacturing plants for Washing machines. Before you go wow 1,600 jobs I am sure I could find more but not wanting to put that much time into it, and it is still 1,600 jobs bigger than most towns! They are also considering bringing more manufacturing jobs over right now. But again I know the blue collar workers are beneath you and would rather have them working down at the local Mcdonalds or Walmart.
But I agree I think Trump is being crazy with all this back and forth, that is why I think the Dems have a chance to bring some common sense to this if they want to, but I am sure they will continue to say they can do it better then once in power do nothing as usual.
Dems need to back it up that they are for the working person....end of story.
I am not refusing to give Biden some credit, he just does not deserve all of the credit. Covid shut everything down. As restrictions eased and the economy reopened, people had a strong desire to spend the money they had saved and catch up on activities and purchases they had missed during the pandemic. This pent-up demand led to a sudden surge in spending on goods and services, putting pressure on businesses to meet the increased demand. Which then created a job demand which created a wage war and a labor shortage.
In essence, pent-up demand refers to the backlog of consumption that was built up during the pandemic and subsequently unleashed as restrictions were lifted, impacting both economic activity and inflation.
The consumer demand recovery and lasting effects of COVID-19
Consumer demand will change for years to come due to the pandemic, as longstanding habits and behaviors were upended during its height.
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The USA sells billions in computer services all over the globe. My daughter and brother are IBMers. My sister worked for oracle and now works for a similar company. The world changed. The services those companies sell didn’t even exist 10-15 years ago. As robotics changed manufacturing, AI is going to change other work even more. Now even a lot of the IT jobs have become obsolete.
There was a time when I worked for AT&T programming on mainframe computers. That job doesn’t exist any more and hasn’t for decades. I changed careers before it happened.
The USA has changed. Manufacturing jobs in the USA are never going to be the same, no matter how much you bitch about clinton or Biden or trade deals. It makes you sad. I get it. It ain’t coming back. This is why I encouraged kids in my personal finance class to save and invest starting in their 20’s and to be life longer learners who are trainable. Shit happens. Be prepared. Move on. Get over it.
There was a time when I worked for AT&T programming on mainframe computers. That job doesn’t exist any more and hasn’t for decades. I changed careers before it happened.
The USA has changed. Manufacturing jobs in the USA are never going to be the same, no matter how much you bitch about clinton or Biden or trade deals. It makes you sad. I get it. It ain’t coming back. This is why I encouraged kids in my personal finance class to save and invest starting in their 20’s and to be life longer learners who are trainable. Shit happens. Be prepared. Move on. Get over it.
Well first you have been listening way to much to corporate Dems. No manufacturing is never going to be like it was in the 50's 60's or even in the 2000's but that still does not mean we will not need manufacturing in some sort. You got phased out because you did not adapt there is a big difference. ATT still needs people they still need devices they still need programmers. Pots lines may have gone away but but elevators fire alarms and so forth have not. The solution is no longer a copper line it is a cellular modem, and now even satellite and all that takes programmers. Now you are talking about what I do today, last 25 years I have spent in Telcom.
Yes being an economic major you should understand you need diverse jobs to have a robust economy. Manufacturing contributes billions of dollars to the U.S. economy, representing a significant portion of the nation's GDP. For every dollar spent in manufacturing, it creates over $2.79 in all economic activity. Investments in manufacturing have a stronger impact than investments in any other economic sector!! Think about that!!
Second it ant bitching it's the cold hard facts, we even get our steel from Canada....Does that make much sense really think about that you are telling me that other places do it cheaper but 23% of our steel comes from Canada, a country that has the same cost of living as us? Your argument does not fly. What you say is bitching is just proving that your belief system is wrong be it a Dem or a Pub they both care more about corporate greed than they do about you and me.
The iPhone profit margin is around 50% on every iPhone manufactured They say to bring manufacturing over here that would probable come down to around 35%-39% nobody really knows because apple keeps a tight lid on true cost. But they still had net profit of 94 billion dollars. But I give up no use in trying to have a conversation with you because you have been Brainwashed by the Dems, I would say Pubs also but I know the Dems have you convinced everything the pubs do is bad. Now I don't think all the Dems do is bad just like I don't think everything the Pubs do is bad, but they care more about corporate America then they do me and you...
I didn’t get “phased out”. In my eyes programming became far more standardized and a whole lot less creative which made it far less fun for me. I was more interested in working with kids. But that’s irrelevant to the topic. So what is your plan for making the manufacturing sector more like you envision?
When I was a kid, St Louis had large Ford, Chevy, Chrysler and GM plants. There were multiple big shoe manufacturers in my county and in other parts of Missouri. I don’t know that any shoes are still made here and not that many autos are.
In high school I worked for Handicraft corp in my hometown. We made toys and small appliances. The plant is still there but transitioned to Dr Brown baby bottles (Dr Brown was in my graduating class in HS).
In college I worked as a union member at the huge Zenith plant in Springfield (the decision to close it down and move to Mexico was made before most of us ever heard of Bill Clinton.). Finally closed in 92-two years before NAFTA.
Three of my relatives worked for Stupp brothers in St Louis creating steel bridges and other infrastructure. Pretty sure that company is still in business.
What do you want Trump to do? What do you want congress to do? Do we have to make everything here for you to be happy? Should TVs still be made in America? Aren’t there some products that just make more sense to be made elsewhere?
When I was a kid, St Louis had large Ford, Chevy, Chrysler and GM plants. There were multiple big shoe manufacturers in my county and in other parts of Missouri. I don’t know that any shoes are still made here and not that many autos are.
In high school I worked for Handicraft corp in my hometown. We made toys and small appliances. The plant is still there but transitioned to Dr Brown baby bottles (Dr Brown was in my graduating class in HS).
In college I worked as a union member at the huge Zenith plant in Springfield (the decision to close it down and move to Mexico was made before most of us ever heard of Bill Clinton.). Finally closed in 92-two years before NAFTA.
Three of my relatives worked for Stupp brothers in St Louis creating steel bridges and other infrastructure. Pretty sure that company is still in business.
What do you want Trump to do? What do you want congress to do? Do we have to make everything here for you to be happy? Should TVs still be made in America? Aren’t there some products that just make more sense to be made elsewhere?
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There were Dems opposed to NAFTA. A lot. I don't think there are a lot of people upset about the jobs being lost by government workers. They are upset about the disruption it will cause to their own personal lives (SS, Medicaid and Medicare). Other inconveniences that they will be complaining about, or things that we know are important, like the people maintaining our nuclear weapons.
I think a lot of people are upset at how it was done. Elon standing on a stage holding a chainsaw over his head.
And FEMA!
I tell you what, Since you seem to think we do not need manufacture tell me how you envision our economy also.
I think we need Manufacturing to bring back the middle class, I believe the decline in manufacturing jobs has significantly impacted the middle class in the United States. The loss of good-paying manufacturing jobs has led to a decrease in the middle-class's share of national income and has been replaced by lower-wage service sector jobs. This shift has contributed to income inequality and made it harder for individuals to achieve middle-class status today. In 1970 adults in middle income households accounted for 62% of aggregated income that share fell to 42% in 2020. Since 1970 the shrinking of the middle class has led to a steady decrease in the share of aggregate income held by the middle income households.
Since we have lost manufacturing it has been accompanied by the rise in service sector jobs which are lower wages and fewer benefits than those of manufacturing. This has put a downward pressure on wages for the less educated. Many rural communities lost manufacturing which lead to even more economic hardship and increased dependence on welfare.
My answer is to give tax breaks to companies who bring back or already offer good paying jobs and good benefits the United States. I have not worked out all the details but yeah I think about this alot. Most of the time taxes are needed to support the lower income, but if companies are encouraged to pay better then why tax them at the same rate as companies who only pay high salaries to a select few? So again most of the time welfare is needed by those who have jobs that don't pay a living wage or offer benefits. Why punish a company with heavy tax burdens that is paying a good wage and offering good benefits.
My idea is to tie the corporate tax rate to the the wages and benefits a company pays along with the jobs it brings to the United States. As a corporation if you want tax breaks you can earn them thru wages and benefits. And why not do that we offer breaks to corporations for investing in buildings, so why not offer them for investing in people?
@Toots_mcgee
This is not a perfect example because it retail, but this is why I think we need to go this.
Let's look at Walmart and Costco as examples. Walmart's average pay per worker is $17.50 per hour, while Costco offers one of the highest wages in retail at $30 per hour. Now Walmart's profit margin is almost 2.93% more than Costco's, likely due in part to their lower wages and benefits. Keep this in mind as we go thru the numbers.
This disparity has broader implications. Many Walmart employees likely qualify for various government benefits, which ultimately costs us tax dollars and puts a burden on the United States' welfare system. What makes this even more interesting is that Walmart paid about a 22% tax rate, while Costco paid almost 25%. Remember Walmart also had a better profit margin but paid less taxes.
So, here's the question: Is it fair that a company paying its employees less and creating a higher tax burden on the welfare system should pay less in taxes than a company that is paying higher wages and higher taxes? Personally, I don't think it's right. I believe Costco should receive a tax break because they create less of a tax burden.
We already give companies significant tax breaks for investing in infrastructure and buildings, so why not extend these incentives to companies that invest more in their people? By rewarding companies that prioritize fair wages and benefits for their employees, we can encourage a more equitable and sustainable economy.
This is not a perfect example because it retail, but this is why I think we need to go this.
Let's look at Walmart and Costco as examples. Walmart's average pay per worker is $17.50 per hour, while Costco offers one of the highest wages in retail at $30 per hour. Now Walmart's profit margin is almost 2.93% more than Costco's, likely due in part to their lower wages and benefits. Keep this in mind as we go thru the numbers.
This disparity has broader implications. Many Walmart employees likely qualify for various government benefits, which ultimately costs us tax dollars and puts a burden on the United States' welfare system. What makes this even more interesting is that Walmart paid about a 22% tax rate, while Costco paid almost 25%. Remember Walmart also had a better profit margin but paid less taxes.
So, here's the question: Is it fair that a company paying its employees less and creating a higher tax burden on the welfare system should pay less in taxes than a company that is paying higher wages and higher taxes? Personally, I don't think it's right. I believe Costco should receive a tax break because they create less of a tax burden.
We already give companies significant tax breaks for investing in infrastructure and buildings, so why not extend these incentives to companies that invest more in their people? By rewarding companies that prioritize fair wages and benefits for their employees, we can encourage a more equitable and sustainable economy.
Sounds good to me. That makes way more sense than a tariff war. Positive reinforcement of the corporate behavior you want. 100% for your idea.
85% of all goods and services in the United States are produced domestically. You guys talk like we don’t make anything here at all .
We need to force companies to produce critical components and products here and ban their imports ( IC’s, drugs ect) to depend on foreign companies for these products is stupid. Let China and India make T-shirts and socks if they want to. Cars need built here because the companies that manufacture components will employ thousands of people in decent jobs
Trump went nuts with tariffs to force action quickly. Washington moves like molasses in wintertime, to get anything done quickly requires a degree of chaos
The problem with your absolute moron President quickly applying blanket tariffs is that things like medical supplies, equipment, etc are made all over the globe. Even equipment manufactured in the USA has parts made elsewhere. He is an idiot.
Medical devices have a highly integrated global supply chain. A typical medical infusion pump manufactured in the US, for example, can contain parts of more than 20 other countries on.ft.com/42qrJjY
Medical devices have a highly integrated global supply chain. A typical medical infusion pump manufactured in the US, for example, can contain parts of more than 20 other countries on.ft.com/42qrJjY
I'm not an ancestor worshipper, but the Founders intended for the government to move slowly.
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