Obama the village idiot

[Jim in CT]

Originally Posted by PaulS

Why focus on one company when the whole program brought back more money than it it lent out. Does Trump as President elect now have the authority to promise tax breaks to companies?
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The guy isn't in office yet, and he has a real accomplishment under his belt. The market seems absolutely euphoric.

[PaulS]

Originally Posted by Jim in CT

The guy isn't in office yet, and he has a real accomplishment under his belt. The market seems absolutely euphoric.

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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[Jim in CT]

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.
Posted from my iPhone/Mobile device

"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.

[MikeD]

Originally Posted by Jim in CT

The guy isn't in office yet, and he has a real accomplishment under his belt. The market seems absolutely euphoric.

There has been a bump in equities. Running right off the Obama admin if you want to slap fives. Look at US muni bond market. Big fund groups are selling off US debt. Groups like Goldman. The conflicts are many.

[Jim in CT]

Originally Posted by MikeD

There has been a bump in equities. Running right off the Obama admin if you want to slap fives. Look at US muni bond market. Big fund groups are selling off US debt. Groups like Goldman. The conflicts are many.

Equities shot up after the election. Let's be honest, OK?

"Big fund groups are selling off US debt"

Interest rates are going to rise. That has nothing to do with Trump. When interest rates rise, the value of bonds goes down.

"Groups like Goldman. The conflicts are many"

Again, you seem to be saying that to avoid conflicts of interest, the Treasury department should be prohibited from hiring people who have any real-world experience in business. I think the last 8 years have shown me, exactly what happens, when you rely on academics who are well-schooled on theory, but have zero practical experience. No thanks.

[MikeD]

Originally Posted by Jim in CT

but have zero practical experience. No thanks.

Hey we're giving it a try with the most powerful position in the world, why not keep it rolling!

[Jim in CT]

Originally Posted by MikeD

Hey we're giving it a try with the most powerful position in the world, why not keep it rolling!

You could not be more wrong, despite your little dancy thing-y.

The President is the chief executive of the federal government. Trump has significant experience as an executive. I have seen estimates that he has 22,000 employees. Those people are making a living thanks in part to him.

Obama, at the time he was elected, had never run anything. Not a thing. HE was the one with no practical experience as an executive , and I would argue that the results speak for themselves.

Many people argue, quite convincingly, that having decades of nothing but political experience, is a bad thing, not a good thing.

Practical experience, my friend, trumps theory every day, and twice on Sunday.