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Posts for: Bruce Hass
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Mar 7, 2018 14:23:47   #
CounterRevolutionary wrote:
Bruce, somebody has to build the robots. Please take some courses in welding, computer programming, and marketing.

By the way, President Trump has already created 2.7 million new jobs and will put even more unemployed back to work when rebuilding our infrastructure, offering apprenticeships to the unsk**led labor force.

Also, Trump's policy of trade tariffs on foreign goods and services will strengthen out national security. We should never be dependent upon foreign nations for basic commodities necessary for our military defense. We need to maintain our independence in energy, oil, gas and coal, textiles, shoes and clothing, steel and aluminum for tanks, aircraft, ship building and the space program. These are good paying jobs that will enrich our own citizens. Are we going to buy boots for our soldiers from China if China's proxies, Iran and North Korea get trigger happy?

Be leery of these globe trotting corporations allied with the Democrats that insist we sell out our own country.
Bruce, somebody has to build the robots. Please ta... (show quote)


Trump vs the Working Class
Kneecapping Solar
"In his first major trade offensive, Trump imposed a 30 percent import tax on solar panels. While doing little to ensure a future for U.S. solar-panel factories, the tax is projected to destroy 23,000 well-paid jobs among solar installers and their manufacturers of equipment needed to mount solar arrays and plug them into the grid.
Rolling Stone 8 Mar 2018 p31
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Mar 6, 2018 15:14:32   #
Peter S asks Jim_Shipley "What companies did his (Obama's) drive out of the country?"
Jim has not answered.
Another question is What are Trump's actions doing for keeping jobs in the US?
Answer: Probably not what Jim thinks:
Trump versus the Working Class
Kneecapping Solar
"In his first major trade offensive, Trump proposed a 30 percent import tax on solar panels. While doing little to insure a future for U.S. solar-panel factories, the tax is projected to destroy 23,000 well-paid jobs among solar installers and the manufacturers of equipment needed to mount solar arrays and plug them into the grid."
Rolling Stone 8 Mar 2018 p31
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Mar 5, 2018 18:58:35   #
Trump versus the Working Class
Slashed Deductions
The Orangeman's tax bill "limits the deductibility of state property and income taxes to $10,000. In high-tax states like New Jersey, the yearly property-tax bill for a modest $400,000 home can easily top $10,000. That means middle-class workers will be subject to double taxation--long a Republican bugbear---paying federal taxes on the money they used to pay off their state tax burden."
Rolling Stone 8 Mar 2018 p31
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Mar 5, 2018 02:16:42   #
Jim, Is it OK to continue what you say started in Obama's term when the Orangeman said he would fix it, but has done the opposite--in fact made it worse?
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Mar 4, 2018 15:53:43   #
Trump vs the Working Class
Tax Cuts for the Rich (or The Orangeman Feathers His Nest)
The Orangeman's "tax reform was supposed to ensure that 'no corporation or individual no matter how wealthy is given an unfair advantage.' And he vowed to do away with the carried interest loophole--a tax break for the wealthiest investors--investing. 'The hedge-fund guys are getting away with murder,' [said the Orangeman]. But Trump's tax reform left the lucrative investor loophole untouched. The new law also created or expanded loopholes that will benefit the Trump family--including breaks for private-jet owners, real estate investors and heirs of the nation's richest estates."
Rolling Stone 8 Mar 2018 p. 31.
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Mar 3, 2018 16:46:30   #
Hemiman:
Check my profile---hardly liberal.
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Mar 3, 2018 16:34:31   #
Speaking of 'Florio's' drug reference...
Trump VS the Working Class
Opioid Crisis--Little Done on Drugs
Orangeman "made the deadly opioid scourge a focal point of his campaign vowing to 'dramatically expand access to treatment.' [As Orangeman] declared a national emergency on opioids--but made no moves on treatment, while placing an unqualified 24-year old at a top post in the drug czar's office. Trump championed GOP efforts to end the expansion of Medicaid which funds addiction treatment for thousands. (It took more than a year, and the work of Democrats in the Senate to appropriate $6 billion for the opioid fight)."
Rolling Stone 8 Mar 2018 p.31
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Mar 3, 2018 15:53:23   #
Funny that Senator ('You [Orangeman] are the best President I have ever served under' ) Hatch and Orangeman's Goldman-Sachs economic guru think that the tariffs and the ensuing trade wars would not benefit, in fact would hurt, the working man much less the country.
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Mar 3, 2018 15:16:31   #
Trump vs the Working Class
Higher Taxes--Tax Hikes for Workers
"The $1.5 trillion GOP tax bill gives permanent cuts to corporations and millionaires. But the tax cuts for workers expire after just a few years. By 2027, 83 percent of tax benefits accrue to the top one percent, while Americans earning less than $75,000---86 million households in all---will face tax hikes."
Rolling Stone 8 Mar 2018 p.30
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Mar 3, 2018 14:52:02   #
JFlorio wrote:
It was even worse before Trumps plan. Did you whine then?

Loss of job to automation or loss of job to outdated product like coal requires time for retraining as well as a change in the concept of free market economics. How do other advanced industrial countries solve this problem?
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Mar 3, 2018 02:30:29   #
Jobs Sent Overseas
"Jobs, jobs, jobs," says the Orangeman.
'The Trump law taxes profits from American subsidiaries abroad at just 10.5%--half the rate for domestic corporate profits. That creates a powerful incentive to offshore factories and jobs. One prominent economist has called Trump's top legislative victory am "American last tax policy."'
Rolling Stone 8 Mar 2018 p30
(A. Christian)
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Mar 2, 2018 22:21:14   #
Breaks for Robots
"Jobs,jobs,jobs", said the Orangeman.
"But the new law offers a deep tax cut for capital investments creating a perverse incentive to replace workers with robots. If previously the cost of employing five people or investing in automation might have been equal, the tax break tips the economic scales to robots--and leaves workers holding pink slips."
Rolling Stone
8 Mar 2018 p.30
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Feb 7, 2017 15:24:12   #
Metaphors abound to explain economic situations—e.g., “a rising tide lifts all boats.” Another describes a horse well-fed with oats excreting undigested oat kernels that are then eaten from the manure by the lowly sparrow; this is meant to depict the trickle-down (aka supply side) theory of economics where the wealthy at the top of the financial chain are given special favors (e.g., lower taxes) to benefit the middle and lower financial classes as they pick up possible financial scraps from the investments of the wealthy.
The trickle-down parable might be valid for horses and sparrows, but it does not describe financial reality. Tax breaks to the wealthy are often prescribed under supply-side theory, but the GDP per capita growth rate was 4-times higher when the income tax was 81-85% than when it was in the 51-74% range.
David Stockman, as Reagan’s budget director, realized that supply-side economics would not work as he described in his self-admitted “youthful screed,” 'The Triumph of Politics: Why the Reagan Revolution Failed.' Now a hedge fund manager, Stockman extends his thinking to an inevitable future financial collapse in an even ‘screedier,’ 'The Great Deformation: The Corruption of Capitalism in America' where he describes contemporary financial problems being fueled by twin problems: “FDR’s repudiation of the bipartisan tradition of sound money and the New Deal’s incubation of crony capitalism.”
Stockman’s villains in his critique include Franklin Roosevelt, Nixon, Burns, Heller, Friedman, Connally, Schulz, Laffer, Weinberger, Greenspan, Gingrich, Rubin, W. Bush, Paulson, Geitner, Mack, Krugman, Summers, and Obama while his heroes through the years include Glass, Willis, Coolidge, Hoover, Douglas, Warburg, Truman, Eisenhower, George Humphrey, Martin, Dillon, Simon, Volcker, Baker, Domenici, Clinton, O’Neill, Ron Paul, Shelby, Bair.
One notes that these are not Republican vs. Democratic divides. While Democrats are correctly seen as loose spenders and Republicans are equally correctly categorized as the prime perpetrators of crony capitalism, Stockman’s list blurs the Democraat-Republican divide. It would seem that a possible impending financial crisis and its solution are not found in the vision of the political parties. Who will lead us out of this serious problem? Some folks on this site will offer Trump. But is there any evidence in the past twelve months that The Donald has the answer as he vows to keep Social Security and Medicare in place and as he stacks his administration with the epitome of crony-capitalist bankers from Goldman Sachs?
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