Trump and the Stock Markets

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Astana
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Re: Trump and the Stock Markets

Post by Astana » July 11, 2019, 3:37 pm

'He pulled the wool over our eyes': workers blame Trump for moving jobs overseas


https://www.theguardian.com/us-news/201 ... -factories

STEADILY SELLING YOUR CITIZENS DOWN THE RIVER.



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Lone Star
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Re: Trump and the Stock Markets

Post by Lone Star » July 11, 2019, 4:01 pm

Astana wrote:
July 11, 2019, 3:37 pm
'He pulled the wool over our eyes': workers blame Trump for moving jobs overseas


https://www.theguardian.com/us-news/201 ... -factories

STEADILY SELLING YOUR CITIZENS DOWN THE RIVER.
There are always winners and losers in free markets. The President isn't a dictator. There are only so many concessions that can be made between government and private business. I'd prefer to see businesses fail, file for bankruptcy or relocate than have an overbearing federal government dictating what a private business should do.

These aren't the first people to lose jobs, take jobs with less income or retrain for other jobs; and it won't be the last. There are all sorts of programs available -- food stamps, government housing, welfare and unemployment compensation to tide people over until they can get back on their feet.

Currently, there are 1.5 million job openings in the US that are unfilled. Go where the jobs are. I witnessed it in the Gulf South when the oil industry was booming and resourceful and skilled labor came to the South to earn big money. I witnessed the same migration pattern to the shipyards in the Northeast. It's always been like this in a free market where citizens have freedom of movement.



In the US you can be born into the super rich and in three or four decades, it can be gone. By the same token, being born poor doesn't relegate anyone to that socioeconomic status in America.

"The bus runs every day."

People raised in nanny states would never understand, and I don't expect them to understand.
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Astana
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Re: Trump and the Stock Markets

Post by Astana » July 11, 2019, 4:20 pm

Promises to save US manufacturing and prevent American jobs moving abroad were a key part of Donald Trump’s 2016 campaign. But since Trump took office in January 2017, nearly 200,000 jobs have been moved overseas, based on Trade Adjustment Assistance certified petitions.

That includes firms doing business with the US government. According to research by Good Jobs Nation, 14,444 jobs were moved abroad by the top 100 federal contractors in the United States in Trump’s first two years in office. The rate of “offshoring” among the top 100 federal contractors actually exceeds rates throughout the Obama administration and the majority of the Bush administration, aside from 2008 when the economic recession hit.

https://www.theguardian.com/us-news/201 ... -factories

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Re: Trump and the Stock Markets

Post by Doodoo » July 11, 2019, 4:24 pm

This is the PRE ELECTION SPEECH you will hear.They will say "We will make America Great Again , we will keep the jobs here, I will call CEOs to open factories here to keep jobs here in American blah blah blah."

POST ELECTION SPEECH is slightly different after they have your vote, "There are always winners and losers in free markets. The President isn't a dictator. There are only so many concessions that can be made between government and private business. I'd prefer to see businesses fail, file for bankruptcy or relocate than have an overbearing federal government dictating what a private business should do."

In other words "too bad so sad"

Now with the new election coming up be prepared for the BS Promises to start flying

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Re: Trump and the Stock Markets

Post by Lone Star » July 11, 2019, 4:41 pm

Now the CBoS want Trump to be a dictator.

glalt, you have been correct many times, but never more correct than now. You were right. It doesn't matter what Trump does or doesn't do, the Cry Babies will call for the opposite.

Trump's policies and programs have created an economy where if someone needs a job, there's one out there -- and chances are, the job may be better than the one had previously. Only weak wimps would wallow around in their own puke and not be a man and go get the job to support their families.
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Re: Trump and the Stock Markets

Post by Doodoo » July 11, 2019, 4:44 pm

"Promises to save US manufacturing and prevent American jobs moving abroad were a key part of Donald Trump’s 2016 campaign. But since Trump took office in January 2017, nearly 200,000 jobs have been moved overseas, based on Trade Adjustment Assistance certified petitions."

Astana that is MORE than 200,000 jobs gone. If each job represented $70,000 that is $14,000,000,000 gone that would have supported Doctors, Dentists, Teachers, Grocery clerks, Taxi companies, well, really a small city oh and offer taxes for the Kings coffers

" go get the job to support their families" If you like Bombay and enjoy curry over Gumbo and Chicken Fried Steak

But they are gone until you will here "Step right up and let me tell you how things will be (after you elect me)"

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Re: Trump and the Stock Markets

Post by Astana » July 11, 2019, 5:04 pm

its OK Doodoo as apparently the bus runs everyday but not for...

For some of the tens of thousands of workers affected by plant closures and job offshoring across the United States, Trump’s 2016 promises to save their jobs and stop their plants from closing have left a sense of betrayal.

“I believed it. I thought he was going to save some jobs. He pulled the wool right over our eyes and he’s still doing it till this day,” says 58-year-old Susan Cropper, who worked at a Carrier plant in Huntington, Indiana, for 31 years before the plant closed and she was laid off along with over 700 employees in March last year.

After being laid off, it took her eight months to find another job, but it pays much less than what she was making at Carrier. “Not only did I lose my job, now I’m not going to work long enough to build another retirement somewhere else,” she says.

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Re: Trump and the Stock Markets

Post by Lone Star » July 11, 2019, 5:14 pm

TAA - Trade Adjustment Assistance

Another example of someone not realizing what is included in their source that assists workers who may have been displaced by jobs that are moved overseas. The same data that counts displaced workers, also assists them.

Workers may file a petition with the US Department of Labor TAA in order to obtain benefits for their displacement. The workers then apply to the American Job Center for the benefits.

So besides other federal programs available to help the temporarily unemployed, Trade Adjustment Assistance is also available from the US Department of Labor.

Some more CBoS clutching their pearls with phony outrage to GET TRUMP BECAUSE TRUMP.

The number of jobs gained just in June 2019 (224,000) was more than all of the jobs lost overseas (200,000) in the last 2+ years.
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Re: Trump and the Stock Markets

Post by Astana » July 11, 2019, 5:22 pm

During a presidential campaign stop in Burlington, Iowa, Trump declared: “I will be the greatest jobs president that God ever created.” But critics claim that when it came to stepping up to prevent a Siemens turbine plant from closing in Burlington in December, Trump was nowhere to be found.

“I sent a letter to the White House and got a response that this is a state or local matter, so they brushed us off,” says 64-year-old Robert Morrison, one of 125 workers who were laid off when the Burlington plant closed. “We felt abandoned and betrayed not only by Siemens, but by our elected officials, from Trump down.”

According to Morrison, many workers either moved away or took jobs with pay cuts and long commutes. He was forced to retire early.

“This was my job of 31 years. I loved that job,” he says. “I was hoping my son or grandson and nephews could work there some day. We made a fantastic product used around the world. Now the turbines are going to be made in India and Czech Republic.”

A Siemens spokesperson said the plant closed because of market decline but opened in India and the Czech Republic regardless.

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Re: Trump and the Stock Markets

Post by Lone Star » July 11, 2019, 6:47 pm

Astana wrote:
July 11, 2019, 5:22 pm

. . .
What a neat little trick. Post a link and then post 2 or 3 paragraphs from the same link just to fill up post responses that have nothing to do with other the posts that followed.

That at least gives people who didn't read the article the illusion that you have an educated response.
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Re: Trump and the Stock Markets

Post by Astana » July 11, 2019, 6:55 pm

Not a trick just debunking what you wrote with the opinion of Americans affected by Trump's campaign promises that turn out to be false, and why not use different parts of the same article its much better than cobbling together material just to suit your agenda.

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Re: Trump and the Stock Markets

Post by Doodoo » July 11, 2019, 7:03 pm

"A Siemens spokesperson said the plant closed because of market decline but opened in India and the Czech Republic regardless."

Now there is a statement The greatest increase in construction requiring Siemens products is in the USA, LNG (Liquefied Natural Gas), Oil production (as the US is now the most productive in the World) The Czech Republic are rebuilding roads infrastructure where Gas Turbines are not needed In India Solar power does not need Turbines
It comes down to $$$$$$$$$$$$$$
Monthly pay in Czech is $1431
Monthly pay in Banglore India is $1458
Monthly pay in Burlington Iowa $ 4575

So Siemens could hire almost 4 people as to one in the USA

It is not decline it is DOLLARS

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Re: Trump and the Stock Markets

Post by Doodoo » July 11, 2019, 7:05 pm

That at least gives people who didn't read the article the illusion that you have an educated response.

Deflect deflect deflect

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Re: Trump and the Stock Markets

Post by Astana » July 11, 2019, 7:14 pm

Doodoo wrote:
July 11, 2019, 7:05 pm
That at least gives people who didn't read the article the illusion that you have an educated response.

Deflect deflect deflect
That's the point its all about money not people or their jobs in places like Burlington where a campaign promises were made but not honored, hence 64-year-old Robert Morrison's comment, one of 125 workers who were laid off when the Burlington plant closed. “We felt abandoned and betrayed not only by Siemens, but by our elected officials, from Trump down.”

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Re: Trump and the Stock Markets

Post by jackspratt » July 11, 2019, 7:25 pm

Lone Star wrote:
July 11, 2019, 5:14 pm
Workers may file a petition with the US Department of Labor TAA in order to obtain benefits for their displacement. The workers then apply to the American Job Center for the benefits.

So besides other federal programs available to help the temporarily unemployed, Trade Adjustment Assistance is also available from the US Department of Labor.
Sounds like socialism to me! :shock:

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Re: Trump and the Stock Markets

Post by Lone Star » July 11, 2019, 9:04 pm

Lone Star wrote:
July 3, 2019, 9:53 am
DJIA moving toward 27,000.

S&P 500 getting ready to burst through the 3,000 ceiling.

NASDAQ has already crossed the 8,000 threshold.

STEADY WINNING for America.
The DJIA just broke 27,000.

STEADY WINNING.
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