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12-01-2016, 06:52 AM
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Join Date: Dec 2007
Location: Edmonton
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I wonder how long the line up will get of companies wanting to get the same deal as Carrier. Taxpayers can’t subsidize every factory.Trump is setting up a system where there will be companies threatening moves in order to try and cash in on the subsidizes. It will be interesting to see how this plays out.
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12-01-2016, 07:12 AM
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12-01-2016, 07:26 AM
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Join Date: Aug 2008
Location: Between the mountains and the prairies.
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Quote:
Originally Posted by Weedy1
I wonder how long the line up will get of companies wanting to get the same deal as Carrier. Taxpayers can’t subsidize every factory.Trump is setting up a system where there will be companies threatening moves in order to try and cash in on the subsidizes. It will be interesting to see how this plays out.
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You mean like the system we have here in Canada where Bombardier threatens to move out of the country every time they want some more taxpayer money?
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Life is too short too shoot ugly guns.
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12-01-2016, 07:32 AM
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Join Date: Jan 2010
Location: Edmonton
Posts: 6,470
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Quote:
Originally Posted by Weedy1
I wonder how long the line up will get of companies wanting to get the same deal as Carrier. Taxpayers can’t subsidize every factory.Trump is setting up a system where there will be companies threatening moves in order to try and cash in on the subsidizes. It will be interesting to see how this plays out.
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The more people working, the more people paying taxes or income to the Gov. thus paying for the subsidies. Something our Canadian governments can't seem to understand . If the regular person has money in there pocket, pay less taxes, they will spend it thus creating more jobs and driving a strong economy.
Canadian governments over the years would rather give money to other countries and raise taxes on the regular person without creating more jobs and thus creating the opposite down ward economy.
Good on Trump if this story is true.
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 Kim
Gonna get me a 16" perch.
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12-01-2016, 07:57 AM
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Join Date: May 2007
Location: Central Alberta
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A local columnist claims that 20 years from now, 50% of the population will be unemployed due to technology and globalization, obviously suicidal for our society.
Grizz
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"Indeed, no human being has yet lived under conditions which, considering the prevailing climates of the past, can be regarded as normal."
John E. Pfeiffer The Emergence of Man
written in 1969
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12-01-2016, 08:16 AM
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Join Date: May 2015
Posts: 418
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Quote:
Originally Posted by Grizzly Adams
... 50% of the population will be unemployed due to technology and globalization,.....
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I suspect more than that as only about 65% of the population between 15 and 70 is currently employed. IMO the reason for increasing unemployment will not be technology but politics, the failure of governments to represent the interests of the people. IMO Economies should exist for all citizens, not just the Wealthy.
As it is our economy exists to funnel money, increasingly more money, into the pockets of the few, increasingly few, and in the case of Canada those few are not even in the country so we can't take back much of the profits from our resources.
Resources exploited by telling Canadians they should be happy they got the jobs they got. Of course bringing in workers and then eliminating the need for workers shows how flawed our resource based economy has been, so that might be a good thing going forward.
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12-01-2016, 08:17 AM
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Join Date: May 2015
Posts: 418
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Quote:
Originally Posted by Weedy1
....Taxpayers can’t subsidize every factory......
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They do in Canada, I wonder where most of those factories are?
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12-01-2016, 08:19 AM
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Join Date: Mar 2008
Location: Sylvan Lake
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Just shining a light on these corporate cockroaches will have them rethink their strategies. This has nothing to do with survival and everything to do with exploiting cheap labour for higher profits.
If consumers are aware of what is going on, the loss in sales from the negative press would out weigh the added profits. Daikin (largest HVAC manufacturer in the world) is building the biggest manufacturing and distribution center in the world right in Texas even though they are a Japanese company. They understand that jobs are important to Americans and there is no reason an American company (or Canadian) should be able to get away with moving jobs in this day of social media.
Go Trump go!
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12-01-2016, 08:55 AM
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Join Date: Apr 2010
Location: New Beijing, Canada
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Fox and CNN
No actual details of how this deal was reached/how much it cost.
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12-01-2016, 09:33 AM
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Join Date: Sep 2008
Location: Near YVR
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Weedy1 hit it pdq ... here is a snippet from a US Media source...
''In exchange for keeping the factory running in Indianapolis, Mr. Trump and Mr. Pence are expected to reiterate their campaign pledges to be friendlier to businesses by easing regulations and overhauling the corporate tax code, according to a spokeswoman for Mr. Trump.
The state of Indiana also plans to give economic incentives to Carrier as part of the deal to stay, according to local officials.''
More Corporate Welfare being doled out at the expense of the Tax Paying citizens.
Where will the Tax Incentive money come from and how much more borrowing will take place on the backs of the Tax Payer?
I dont know a solution to their problem, but it is smoke and mirrors to me.
Rob
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We sleep safe in our beds because rough men & women stand ready in the day/night to visit violence on those who would do us harm.
RIP Pte Terry J Street 2nd Battalion, PPCLI, Shilo, Man. EOT, April 4 2008 Panjwayi District Afghanistan,Constable Jimmy Ng,RCMP EOW,Sunday, September 15, 2002
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12-01-2016, 11:36 AM
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Location: Calgary
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Quote:
Originally Posted by bobinthesky
You mean like the system we have here in Canada where Bombardier threatens to move out of the country every time they want some more taxpayer money?
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They did when they bought Johnson/Evinrude. So they could own and operate the new factory in Mexico.
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Former Ford Fan
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12-01-2016, 12:06 PM
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Quote:
Originally Posted by rugatika
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I thought you preferred capitalism.
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"It'd be nice if...."
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12-01-2016, 12:48 PM
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Join Date: Aug 2007
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Quote:
Originally Posted by Weedy1
I wonder how long the line up will get of companies wanting to get the same deal as Carrier. Taxpayers can’t subsidize every factory.Trump is setting up a system where there will be companies threatening moves in order to try and cash in on the subsidizes. It will be interesting to see how this plays out.
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I thought he planned on a 35 and 45% tariff to mexico and chinese imports? Once these tariffs in place they can threaten all they want, interesting to see how many go.
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12-01-2016, 01:16 PM
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Banned
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Join Date: May 2007
Posts: 17,790
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Quote:
Originally Posted by Badgerbadger
I thought you preferred capitalism.
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I haven't heard the details of the deal, but I understand it has to do with lowering taxes and scrapping the stupid morass of useless regulations. (Just listening to Trump now). How is that not capitalism?
MAGA!! 
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12-01-2016, 01:34 PM
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Join Date: May 2007
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It's fun watching the socialists go into panic mode as people learn they never gave 2 craps about the well being and prosperity of the working class.
It's always been about enriching the power brokers and creating a steady supply of votes from a growing group of dependents.
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12-01-2016, 05:08 PM
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12-01-2016, 05:22 PM
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Banned
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Join Date: May 2007
Posts: 17,790
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Quote:
Originally Posted by Crankbait
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Under Obama or Clinton...all jobs to Mexico. Expect to see lots of pieces like this. They can't be happy for the jobs that Trump saved. Shameful that they have to rag on the guy just to keep their narrative alive.
Go Trump. Saving well paying American jobs before he even takes office!!
MAGA!!
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12-01-2016, 08:39 PM
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Join Date: Jan 2010
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Quote:
Originally Posted by rugatika
Under Obama or Clinton...all jobs to Mexico. Expect to see lots of pieces like this. They can't be happy for the jobs that Trump saved. Shameful that they have to rag on the guy just to keep their narrative alive.
Go Trump. Saving well paying American jobs before he even takes office!!
MAGA!!
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Love it !!
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12-01-2016, 09:38 PM
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Join Date: Jul 2011
Location: Montana Rocky slopes/Alberta southern prairies
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Quote:
Originally Posted by Jigger
I thought he planned on a 35 and 45% tariff to mexico and chinese imports? Once these tariffs in place they can threaten all they want, interesting to see how many go.
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There goes Dollar Rama stores. 
Bobby
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12-01-2016, 09:45 PM
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Location: Bonnyville Alberta
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Quote:
Originally Posted by CMichaud
Fox and CNN
No actual details of how this deal was reached/how much it cost.
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I believe he said that if they moved south or overseas, their products when brought back to the US would have heavy tariffs applied to such products. Thus taking away any incentives to take jobs elsewhere.
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12-01-2016, 10:25 PM
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Join Date: Apr 2012
Location: Calgary
Posts: 592
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Quote:
Originally Posted by rugatika
Under Obama or Clinton...all jobs to Mexico. Expect to see lots of pieces like this. They can't be happy for the jobs that Trump saved. Shameful that they have to rag on the guy just to keep their narrative alive.
Go Trump. Saving well paying American jobs before he even takes office!!
MAGA!!
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Could not agree more. Its a shame when the liberal
Media is wrong and they wont or cant admit it.
Trump will make the American economy very strong. If our socialist government does not get its act together we will be hurting very soon and very quickly.
Trump is bringing manufacturing back to the USA. Canada, Mexico, and China should be shuddering. Trumps not BSing. Accountability is coming to the world of politics wether Liberals like it or not. You cannot be a socialist in a capitalist world.
I do worry about the Canadian economy and what Trump has in store for it. The DOW is at its highest level. Markets are predicting a return of the USA as a manufacturing power house.
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12-01-2016, 10:44 PM
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Banned
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Join Date: May 2007
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A strong American economy has always been good for the Canadian economy. Only a moronic dilettante that honours communist dictators could screw up the Canadian economy when the USA is booming.
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12-01-2016, 11:08 PM
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Join Date: Apr 2012
Location: Calgary
Posts: 592
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Quote:
Originally Posted by rugatika
A strong American economy has always been good for the Canadian economy. Only a moronic dilettante that honours communist dictators could screw up the Canadian economy when the USA is booming.
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If Trump truely limits what American factories can bring in for raw material we are at risk. Dont fool yourself at how stupid our government can be!
Also a weak CAD dollar has not helped us, only has raised our price of goods. Stronger US dollar with restrictions and tariffs on our products equals a blow to Canada economy. Trumps looking after USA citizens, not Canadian citizens.
Dont get me wrong I admire what Trump is doing, but the impact on Canada is unpredictable.
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12-02-2016, 05:34 AM
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Join Date: May 2007
Location: Calgary
Posts: 5,144
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Maybe "Just-In" can take his ball and go home?
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Former Ford Fan
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12-02-2016, 08:12 AM
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Banned
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Join Date: May 2007
Posts: 17,790
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Quote:
Originally Posted by Unregistered user
Maybe "Just-In" can take his ball and go home?
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How hard is it to immigrate to Cuba? Probably easier if you are related to a former leader I would suppose.
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12-02-2016, 03:53 PM
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Join Date: Apr 2010
Location: New Beijing, Canada
Posts: 1,470
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Quote:
Originally Posted by Roughneck12
I believe he said that if they moved south or overseas, their products when brought back to the US would have heavy tariffs applied to such products. Thus taking away any incentives to take jobs elsewhere.
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Yep....not so much....
The furnace manufacturer will receive $5 million in tax credits over 10 years in exchange for keeping 1,069 jobs at its Indianapolis plant, with an average wage of $30.91 hour. The company also will receive $1 million in training grants and up to $1 million in additional tax credits based on Carrier's planned $16 million investment in the west-side factory.
http://www.msn.com/en-ca/news/politi...cid=spartanntp
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12-02-2016, 04:25 PM
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Banned
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Join Date: Dec 2007
Location: Edmonton
Posts: 2,485
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Quote:
Originally Posted by CMichaud
Yep....not so much....
The furnace manufacturer will receive $5 million in tax credits over 10 years in exchange for keeping 1,069 jobs at its Indianapolis plant, with an average wage of $30.91 hour. The company also will receive $1 million in training grants and up to $1 million in additional tax credits based on Carrier's planned $16 million investment in the west-side factory.
http://www.msn.com/en-ca/news/politi...cid=spartanntp |
The story you listed sums it all up. The deal stinks all over, both on Trumps side as well as Carrier's who's only doing "The Deal" so United Technologies doesn't get screwed over more by Trump. It really amounts to the price of a morning coffee for United Technologies but the long term consequences could be drastic.
The board of the state's economic development agency must still approve the deal. As governor, Pence is chairman of the board and appoints its members.
Wow that's a surprise!! I guess Trump needed his VP on the board in order to make one of his election promises come true. I hope United Technologies buys the Trump tower that will soon be up for sale in DC and demolishes it at the end of Trumps term.
BTW:
United Technologies
Number of employees: 196,200 (2016)
Revenue: US$56.098 billion (2015)
Net income: US$7.608 billion (2015)
Ahhh the sweet smell of politics all around!!!
Last edited by Weedy1; 12-02-2016 at 04:31 PM.
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12-02-2016, 04:55 PM
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Join Date: Oct 2007
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I read that the proposed savings to Carrier going offshore was suppose to be in the neighborhood of 65mill per year whereas Carriers parent company gets billions in defense contracts. I think this is less about payoffs and more about looking at the big picture for Carrier. Give trump a relatively small win or lose billions in lucrative defense contracts. I have no problem with Trump using some gov't leverage to get things done. Not like they going to cut defense spending anyways so may as well use it as leverage where they can.
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12-02-2016, 05:00 PM
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Join Date: Jun 2011
Posts: 991
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Quote:
Originally Posted by Weedy1
The story you listed sums it all up. The deal stinks all over, both on Trumps side as well as Carrier's who's only doing "The Deal" so United Technologies doesn't get screwed over more by Trump. It really amounts to the price of a morning coffee for United Technologies but the long term consequences could be drastic.
The board of the state's economic development agency must still approve the deal. As governor, Pence is chairman of the board and appoints its members.
Wow that's a surprise!! I guess Trump needed his VP on the board in order to make one of his election promises come true. I hope United Technologies buys the Trump tower that will soon be up for sale in DC and demolishes it at the end of Trumps term.
BTW:
United Technologies
Number of employees: 196,200 (2016)
Revenue: US$56.098 billion (2015)
Net income: US$7.608 billion (2015)
Ahhh the sweet smell of politics all around!!! |
Sure, you figured it all out. Of course what is missing is some proof of how Trump's friends are making a killing on the deal, you know like these ones that the press was all ok with:
https://www.washingtonpost.com/polit...yndra-scandal/
http://dailysignal.com/2012/10/18/pr...ergy-failures/
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