Pay and Pension in the White House

[wdmso]

Originally Posted by scottw

FedEx announced wage increases, employee bonuses and pension funding on Friday, citing the new Republican-backed tax-reform plan.

The company announced that two-thirds of $200 million in increased compensation will go to hourly employees, while the remainder will be put toward performance-based incentive plans for salaried employees.

FedEx also said $1.5 billion will be put toward the company's pension plan and another $1.5 billion would go toward expanding the company's hub in Indianapolis.


"FedEx believes the Tax Cuts and Jobs Act will likely increase [gross domestic product] and investment in the United States," the company said on its website.



Home Depot said on Thursday it would be giving a $1,000 bonus to employees who have worked at Home Depot at least 20 years, according to CNBC.

Starbucks announced new raises for its employees on Wednesday, while JPMorgan Chase and Disney said on Tuesday they would give their employees raises and bonuses as a result of tax reform.

http://thehill.com/policy/finance/37...mid-tax-reform

Its a 1 time dog and pony show .. a pr stunt to look as if they are giving back , and not funneling all the money back to share holder's and to praise dear leader .... was in Walmart today only 4 check out lines open ... looks like they toldeveryone they increased the pay but failed to say they cut the hours

[Jim in CT]

Originally Posted by wdmso

Its a 1 time dog and pony show .. a pr stunt to look as if they are giving back , and not funneling all the money back to share holder's and to praise dear leader .... was in Walmart today only 4 check out lines open ... looks like they toldeveryone they increased the pay but failed to say they cut the hours

"Its a 1 time dog and pony show "

Apple announced 20,000 new jobs, and a tax payment of $38 billion. Comcast (who own MSNBC) announced $50 billion in infrastructure spending. dog and pony show?

Obama didn't do anything to do more for these folks in 8 years.

"and not funneling all the money back to share holder's" Also good for the economy.

"and to praise dear leader "

Again, Comcast, who signs Rachael Maddow's paycheck, is spending $50 billion to make Trump look good. This is what you are saying?

[scottw]

Reuters JANUARY 22, 2018 / 9:17 AM / 5 DAYS AGO

IMF raises global growth forecast, sees Trump tax boost

Noah Barkin, Dmitry Zhdannikov

DAVOS, Switzerland (Reuters) - The International Monetary Fund on Monday revised up its forecast for world economic growth in 2018 and 2019, saying sweeping U.S. tax cuts were likely to boost investment in the world’s largest economy and help its main trading partners.

[Jim in CT]

Originally Posted by scottw

Reuters JANUARY 22, 2018 / 9:17 AM / 5 DAYS AGO

IMF raises global growth forecast, sees Trump tax boost

Noah Barkin, Dmitry Zhdannikov

DAVOS, Switzerland (Reuters) - The International Monetary Fund on Monday revised up its forecast for world economic growth in 2018 and 2019, saying sweeping U.S. tax cuts were likely to boost investment in the world’s largest economy and help its main trading partners.

Posted from my iPhone/Mobile device

They’re just saying that to prop up Trump.

[spence]

Originally Posted by Jim in CT

Posted from my iPhone/Mobile device

They’re just saying that to prop up Trump.

Even the most liberal analysis shows short-term growth. The question will be how inflation, rising interest rates, rising health care costs, increased federal deficits and disproportionate benefits of the tax cuts impact the economy long-term. Here most analysis show weak if any gains. As Nebe articulated, Main Street is in a delicate position to absorb these hits.

Hell, I need to refi my house and the rates have already climbed enough just the past few months (because of the tax plan) to pretty much negate any potential tax savings I may get.

Additionally, do you know how much positive corporate investment and job growth happened since the recession which if announced today you'd be wetting your pants over?

[Jim in CT]

Originally Posted by spence

Even the most liberal analysis shows short-term growth. The question will be how inflation, rising interest rates, rising health care costs, increased federal deficits and disproportionate benefits of the tax cuts impact the economy long-term. Here most analysis show weak if any gains. As Nebe articulated, Main Street is in a delicate position to absorb these hits.

Hell, I need to refi my house and the rates have already climbed enough just the past few months (because of the tax plan) to pretty much negate any potential tax savings I may get.

Additionally, do you know how much positive corporate investment and job growth happened since the recession which if announced today you'd be wetting your pants over?

So the rising interest rates arevtrumos fault, but the soaring stock market and plummeting unemployment are thanks to obama? Do I have that about right? Interest rates have nowhere to go but up.
Posted from my iPhone/Mobile device

[Jim in CT]

Originally Posted by spence

Even the most liberal analysis shows short-term growth. The question will be how inflation, rising interest rates, rising health care costs, increased federal deficits and disproportionate benefits of the tax cuts impact the economy long-term. Here most analysis show weak if any gains. As Nebe articulated, Main Street is in a delicate position to absorb these hits.

Hell, I need to refi my house and the rates have already climbed enough just the past few months (because of the tax plan) to pretty much negate any potential tax savings I may get.

Additionally, do you know how much positive corporate investment and job growth happened since the recession which if announced today you'd be wetting your pants over?

I did wet my pants at what my IRA did during the obama years, and I always give him some credit for that. Unlike you, I can give honest praise and criticism on both sides.
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[wdmso]

The White House has seized on the company announcements as proof the law offers other benefits to workers.




"Why didn't they just tell their workers privately?" says Laurence Kotlikoff, an economics professor at Boston University, who described some of the announcements as "implicit back-scratching" for the White House.


"They're making a big deal of this to serve some other purpose, maybe getting the country to like their product or getting the government to lay off a bit."

But it is also clear that self-promotion and political calculus are driving some of the announcements.

In the broader context, the benefits for workers are "trivial"

Yes they are stroking Trumps ego to avoid any blow back if they didnt bend the knee


http://www.bbc.com/news/business-42812453

[wdmso]

Originally Posted by Jim in CT

"Its a 1 time dog and pony show "

Apple announced 20,000 new jobs, and a tax payment of $38 billion. Comcast (who own MSNBC) announced $50 billion in infrastructure spending. dog and pony show?

Obama didn't do anything to do more for these folks in 8 years.

"and not funneling all the money back to share holder's" Also good for the economy.

"and to praise dear leader "

Again, Comcast, who signs Rachael Maddow's paycheck, is spending $50 billion to make Trump look good. This is what you are saying?

yes ... what a better way to pay a political bribe to give out money that was given to you at zero cost...

we will see how generous Comcast Verzion and the like are when is contract negotiations time .. with their new found wealth I am waiting till February to see my pay stub

[The Dad Fisherman]

Originally Posted by wdmso

.... was in Walmart today only 4 check out lines open ... looks like they toldeveryone they increased the pay but failed to say they cut the hours

Show of hands, who here has ever, excluding Christmas, seen more than 4 checkout lines open at Walmart at a time?

That's business as usual there.
Posted from my iPhone/Mobile device

[scottw]

Originally Posted by The Dad Fisherman

Show of hands, who here has ever, excluding Christmas, seen more than 4 checkout lines open at Walmart at a time?

That's business as usual there.
Posted from my iPhone/Mobile device

saw the same at Stop & Shop.....weird...I think you'll see it a lot more with self check out