dagblog - Comments for "Carrier/United: A Fool & His Money..."

Ah, but it was only 700 jobs,

PeraclesPlease — Fri, 02 Dec 2016 21:21:01 +0000

Ah, but it was only 700 jobs, so roughly 1 1/2 times x 30 = 45 years, 1 1/2 centuries. Lipstick on a pig - meet the Trump Dynasty.

"One tactic, which we’ve

ocean-kat — Fri, 02 Dec 2016 18:28:10 +0000

In reply to Wall Street Journal comes out

"One tactic, which we’ve already seen with this week’s ostentatious announcement of a deal to keep some Carrier jobs in America, will be to distract the nation with bright, shiny, trivial objects. True, this tactic will work only if news coverage is both gullible and innumerate.

No, Mr. Trump didn’t “stand up” to Carrier — he seems to have offered it a bribe. And we’re talking about a thousand jobs in a huge economy; at the rate of one Carrier-size deal a week, it would take Mr. Trump 30 years to save as many jobs as President Obama did with the auto bailout; it would take him a century to make up for the overall loss of manufacturing jobs just since 2000."

Wall Street Journal comes out

PeraclesPlease — Fri, 02 Dec 2016 17:53:03 +0000

In reply to Carrier/United: A Fool & His Money...

Wall Street Journal comes out against the deal, noting even that 300 jobs were counted towards the 1000 number even though Carrier hadn't planned on exporting them. So $7 million for keeping 700 jobs and exporting 1400. Hard bargainer, these Republicans.

The Indiana governor was offering $7 million over 10 years to encourage the company to keep in the state roughly one-third of the 2,100 jobs it planned to ship to Mexico. United Technologies would also get credit from the state for keeping 300 research and headquarters jobs that it didn’t plan to shift abroad.

Marcie Wheeler adds some

PeraclesPlease — Fri, 02 Dec 2016 05:14:11 +0000

In reply to Carrier/United: A Fool & His Money...

Marcie Wheeler adds some insight into our current default industrial policy - piecemeal deals and general lethargy and states outbidding each other - vs having an actual industrial policy, and the screwed up way our military production underpins it - no wars? no jobs. Makes sense, eh?

He brings up a good point I'd

PeraclesPlease — Thu, 01 Dec 2016 16:47:35 +0000

In reply to Nice piece, PP. Bernie agrees

He brings up a good point I'd missed - just threaten to take jobs overseas and they'll come running. (presumably, until the ad hoc charm wears off). But it's not just a tax break they'll likely get - it's more business deals, possibly sole source, and maybe a seat at some board to rewrite the rules. Likely worth a helluva lot more than $65 million to a megabillion conglomerate.

Jesus, and we're just into our 4th week of the age of Trump, 2 months until he assumes office. Heckuva job, Brownie...

Nice piece, PP. Bernie agrees

Michael Wolraich — Thu, 01 Dec 2016 16:32:54 +0000

In reply to Carrier/United: A Fool & His Money...

Nice piece, PP. Bernie agrees with you too: http://talkingpointsmemo.com/livewire/sanders-carrier-deal-trump

Spot-on, nice work.

Bruce Levine — Thu, 01 Dec 2016 15:32:13 +0000

In reply to Carrier/United: A Fool & His Money...

Spot-on, nice work.