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Politics : The Trump Presidency -- Ignore unavailable to you. Want to Upgrade?

To: combjelly who wrote (7214)	1/20/2017 8:48:08 PM
From: neolib	Read Replies (2) \| Respond to of 363171

Now why did he go bankrupt? He very clearly overpaid. So much for being a great deal maker. Yeah, but he did it with other people's money, and then turned their loss into his tax break. Think maybe he can do the same for America?

To: combjelly who wrote (7214)	1/20/2017 9:08:01 PM
From: altair19	Read Replies (3) \| Respond to of 363171

i-node < Trump has a better grasp of economics than anyone else who was running. Because he has lived it.> Trump operated in a very narrow field - real estate development and retail....these fields don't provide a broad macroeconomic exposure. And, I'm sure you've seen the index analysis had he put his inherited money in an index fund he would have been much further ahead rather than be left to his own business devices. I think he has an average competency in economics. Altair19

To: combjelly who wrote (7214)	1/20/2017 9:08:35 PM
From: Heywood40	1 Recommendation Recommended By altair19 Read Replies (1) \| Respond to of 363171

He didn't overpay. He utilized a common construction strategy/scam: Write contracts, get work done, refuse to pay, have liens filed, get taken to court, declare bankruptcy, have debts discharged. A family member recently did some work for one of our local Trump wannabe's. He put in a lot of overtime on a high-profile fast-track project. In addition to his pay, he was promised acknowledgement in a plaque that would be displayed at the site. Initially he got paid for about 1/3 of what he did, then his final billings were ignored, then refused. When he mentioned it to me, I looked the guy up and found that he was a serial bankruptcy offender, just like Trump. Fortunately, his work on the project was still within the lien window, and I helped him file a timely lien. The lien filing got him paid in full, but only after he got some very angry and foolish correspondence from the Trump wannabe that could have gotten the guy's contracting license revoked or suspended. I really enjoyed helping slap the guy with the lien filing, and watching him fold, screaming and kicking all the way. Here's a link to a story about liens being filed on Trump's DC hotel: upi.com

To: combjelly who wrote (7214)	1/20/2017 9:14:31 PM
From: i-node	Read Replies (1) \| Respond to of 363171

He never went bankrupt. Corporations which he owned filed for chapter 11. This is a key reason corporations exist. Intelligent business owners incorporate every business unit separately specifically to protect themselves. AC at the time was not a booming economy. >>And how would you do that? Foxconn is moving to completely automated factories. Well, they aren't totally automated but are moving toward automation. But the best way to do it is through corporate tax credits. You make them whole for hiring managers re exensive American workers. It is far better than just giving them money, which is what the Dems want to do. You have a good team of managerial accountants sit down and work out a credit that will offset their costs in putting plants here. The accounting is complex but the tax law changes need not be.

To: combjelly who wrote (7214)	1/20/2017 9:22:10 PM
From: i-node	1 Recommendation Recommended By one_less Read Replies (1) \| Respond to of 363171

>>And this doesn't address the fact that many of the components are now built in Asia and would have to be shipped across the Pacific. For a lot of reasons, the packaging is very bulky. But we already discussed this and it seems you don't have a clue about those issues. Now there is no reason that those things could be sourced here, but you are now talking about building the whole supply chain and not just the phones themselves. Which is probably a big factor of why Apple calculate it would cost 2 or 3 times to build here than in China. You raised this issue before, one day before Apple said it was considering building products here, which was a few days after trump brought it up. It isn't a factor. It is just a business decision and it makes sense for other reasons to be building product here. Combine it with tax credits and you make it happen. When we talk about government getting out of the way of business this is what it means. Make it possible for business to compete with American labor and you will have American labor. Now, the unions are going to be a problem so you give them away out. It just requires an understanding of basic microeconomics.