Is Trump Making the Economy Great Again? (1 Viewer)

[Zow]

Wat

 

[Dr Oadi]

Wat

All this time you thought the towers around you that shielded you from the unsightly protected you?

It will fall again.

Those towers will get smaller.

Shining city on a hill eh?

When you start believing the Nation you loved was only sleeping because that’s the only way to believe the American dream.

Eyes wide open.

My whiteness.

My blackness.

My brown-ness.

Still living the American dream.

Why shouldn’t we social justice warrior?

Should we be ashamed of our American-ness?

Should we clutch our beads and ask the Worlds forgiveness?

The history of the World.

Forgiving the Sins of

America.

My skin defines myself.

Not my family.

Not my brother.

Not my Nation.

My skin defines me.

Ok.

 

[Righetti]

Wells Fargo and Fifth Third to raise minimum wage to $15/hr because of tax cuts

Aren’t most employees at WF well above $15/hour.   I think the minimum wage at WF was $13.50/hour for a small subsection of their employee base.  

 

[Pickle Rody]

Aren’t most employees at WF well above $15/hour.   I think the minimum wage at WF was $13.50/hour for a small subsection of their employee base.  

Come on.....facts don't mean a damn thing.........shame, shame........where ya been the past year? You should know this by now....ONLY alternative facts mean a damn. If that.

 

[jon_mx]

Saying a stimulus "expired" is absurd. It's like saying a putt "expires" after your club makes contact with the ball.

But that putt has nothing to do with how you perform on the next hole.  Bush's policies were not the reason the economy collasped, although preventative actions could have eased it.  Bush's TARP though was the most important legislation which brought the economy back. Obama's stimulus was needed to helped ease the pain, but it was not structured in the way to produce long term results. While I think Trump's actions will be good for growth and jobs in the short term, they will mostly lead to inflation and higher interest rates and are completely unnecessary.   It is a stupid idea which will negatively impact the federal deficit for decades.  

 

[TobiasFunke]

Aren’t most employees at WF well above $15/hour.   I think the minimum wage at WF was $13.50/hour for a small subsection of their employee base.  

Wells Fargo seems confused as to whether this was about the tax bill or not.

Translation- the spokesperson forget themselves for a minute and was honest, and then was reminded of the importance of sucking up to Trump and cementing the oligarchy.

 

[Sammy3469]

Steel industry...not so much:

At this sprawling steel mill on the outskirts of Philadelphia, the workers have one number in mind. Not how many tons of steel roll off the line, or how many hours they work, but where they fall on the plant’s seniority list.

In September, ArcelorMittal, which owns the mill, announced that it would lay off 150 of the plant’s 207 workers next year. While the cuts will start with the most junior employees, they will go so deep that even workers with decades of experience will be cast out.

“I told my son, ‘Christmas is going to be kind of scarce, because mommy’s going to lose her job soon,’” said Kimberly Allen, a steelworker and single parent who has worked at the plant for more than 22 years. On the seniority list, she’s 72nd.

But after a year in office, Mr. Trump has not enacted these policies. And when it comes to steel, his failure to follow through on a promise has actually done more harm than good

Foreign steel makers have rushed to get their product into the United States before tariffs start. According to the American Iron and Steel Institute, which tracks shipments, steel imports were 19.4 percent higher in the first 10 months of 2017 than in the same period last year.

That surge of imports has hurt American steel makers, which were already struggling against a glut of cheap Chinese steel. When ArcelorMittal announced the layoffs in Conshohocken, it blamed those imports, as well as low demand for steel for bridges and military equipment.

James Rockas, a spokesman for the Commerce Department, said the administration was “aware of the plight of American steel workers and will continue working to halt unfair trade practices that harm our economy and kill American jobs.”

But Scott Paul, the president of the Alliance for American Manufacturing, a trade group that represents steelworkers, said he had “a profound sense of frustration that the president has been using steelworkers as political props.”

“The president’s own words and lack of action have actually put the industry in a worse position than if he had done nothing at all,” he said.

https://www.nytimes.com/2017/12/22/business/economy/trump-steel-industry-layoffs.html?_r=0%3Fsmid%3Dfb-nytimes&smtyp=cur&smid=tw-nytimes

 

[Sammy3469]

I’m thinking of pivoting from bad puns and homoerotic jokes about French strikers to block chain. 

It's fallen 5K in 2 days, now's your chance!

 

[jonessed]

Aren’t most employees at WF well above $15/hour.   I think the minimum wage at WF was $13.50/hour for a small subsection of their employee base.  

It averages out to be about a 25% pay bump for 25,000+ employees.

Not sure why this change is a point of criticism.  That’s a significant difference for a lot of employees.

Edit:  It looks like they bumped it a year ago so this new bump is a 10% increase.  The 25% increase would be year over year.

 

[Hot Diggity Dog]

what companies pay people good money to run equipment?  they want to automate.

Look into crane operators.

 

[jamny]

Just to clear it up if it hasn't been elsewhere:

AT&T, two banks offer bonuses, pay hikes in wake of U.S. tax reform

AT&T, the No. 2 U.S. wireless carrier, said it will pay $1,000 bonuses to more than 200,000 employees and invest an additional $1 billion in the United States in 2018, once the tax reform bill is signed into law. An AT&T spokesman said the bonuses were unrelated to the $1,000 that 20,000 AT&T Mobility employees will receive as part of an agreement with the Communications Workers of America announced last week.

 

[Don't Noonan]

Bloomberg article

https://www.bloomberg.com/graphics/2017-has-trump-made-america-great-again/

Yes sir

 

[timschochet]

Yes sir

Bringing back all the old favorites? Nostalgia for a better frame of mind? 

 

[fatness]

RIP this thread:

Born 12/20/2017, Died 12/22/2017

 

[urbanhack]

Sure is!

https://twitter.com/business/status/1175927784499306496



Perspective:  Trump has spent twice as much bailing out farmers from a trade war he started than Obama spent bailing out automakers from a recession he didn't start.

 

[GROOT]

yes

 

[GoBirds]

yes

Dodds.......we need you......come back!