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

To: zzpat who wrote (32420)	9/3/2017 11:38:26 AM
From: TimF	Read Replies (1) \| Respond to of 362054

As you may know, around half of all publicly traded companies have disappeared since the late 1990s. We used to have well over 6000 US companies to invest in and now it's a little over 3000 That's largely because more companies have gone private. If it actually does represent a decline in the number of companies, well big government would have a lot to do with it. Extensive regulation (and to a lesser extent taxes) discourage investment and favor larger established companies over smaller more numerous companies. But fewer companies (and esp. fewer publicly traded companies) isn't the same as fewer jobs. Jobs did decline during the recession, and yes the recovery was slow (but long which mitigates the slowness), but there hasn't been a long term increase in unemployment.

To: zzpat who wrote (32420)	9/3/2017 11:23:43 PM
From: Katelew	Read Replies (2) \| Respond to of 362054

"They did not invest in their companies or their workers to stimulate new growth and job creation" You are overlooking the fact that many American companies invested in their companies by expanding overseas. It's just that they invested in China's workers, often after firing their American workers. I'm sure you've heard it said that we, meaning American business, built China's middle class. We are also building Mexico's middle class. You can Google lists of American corporations that are building factories in Mexico and the rising standard of living there. You have made quite a few derogatory comments about American corporations, CEOs, etc. and I agree with you for the most part. I'm curious though why you aren't upset with the Obama administration. Eight years went by while the middle class lost ground. Where was he? I also agree with you that "CEOs gave money to investors". That suggests to me that you agree with Trump voters who believe that capital should be taxed at a higher rate than labor. They want the carried interest loophole closed, something Obama could have done. I don't mean to offend you again by suggesting you voted for Trump, just pointing out that once again you are talking their talk.