Quote:
Originally Posted by PaulS
I think bonds are down. Mortgage rates are way up.
So you're saying giving money to a company to keep them from moving is a positive? Just want to get that straight so when I go back and search about all the times Malloy gave money to a company to keep them from moving i want to see if you complained about it.
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"I think bonds are down. Mortgage rates are way up. "
Yes, interest rates are up. They had nowhere to go but up. And they will go up more in 2017, regardless of the election outcome.
"So you're saying giving money to a company to keep them from moving is a positive?"
I am torn on the issue of corporate welfare. I am beyond thrilled for the families of the 1,000 workers. Going forward, if we cut corporate tax rates and impose tariffs, we may not need to dangle further incentives in front of companies to keep them. The way the business environment is today, that may have been the only way to save those jobs.
Again, I answered your question directly. Can you do the same? Are you happy for those families?
Let me also say this...I have no problem whatsoever, with some of my tax dollars being used to save good jobs for hard-working Americans. Generally speaking, I like that concept. I would prefer that it be done in a way as to create a level playing field, not favoring one company over another.
It was a brilliant, brilliant move for Trump. Those thousand families, plus countless others who own restaurants and shops in that area, owe their livelihoods to Trump. And he gets to claim, correctly, that he meant what he said. And the cherry on top, is that as usual, Obama comes out looking like a boob.
"search about all the times Malloy gave money to a company to keep them from moving i want to see if you complained about it."
Malloy gave big incentives for hedge funds. I don't know if that's the same thing, as those jobs were not going to Mexico if Malloy didn't act. If that hedge fund moved to New Hampshire, the finance wizards can either follow the jobs, or get decent jobs elsewhere in CT (insurance companies are always hiring CFAs and accountants and such). Those people have options. The factory workers at Carrier did not.
But if you want to accuse me of hypocrisy on the issue, you may have a point.