Trump Delivers: Carrier Stays

[whell]

Trump to Announce Carrier Plant Will Keep Jobs in U.S.

http://www.nytimes.com/2016/11/29/bu...n-us.html?_r=0

On Thursday, Mr. Trump and Mike Pence, Indiana’s governor and the vice president-elect, plan to appear at Carrier’s Indianapolis factory to announce a deal with the company to keep roughly 1,000 jobs in the state, according to officials with the transition team as well as Carrier.

[donquixote99]

I wonder what the deal is.

[finnbow]

I'd like to see the details.

[barbara]

Originally Posted by finnbow

I'd like to see the details.

Don't hold your breath waiting on the details. There is no transparency with Trump.

[BlueStreak]

Originally Posted by barbara

Don't hold your breath waiting on the details. There is no transparency with Trump.

That's my guess. There was some sort of payout to key people at Carrier and this is little more than a public relations stunt. I don't see him going around doing this at thousands of empty factories and mills all over the country.

But, that's exactly what a lot of people are now expecting.

We shall see.

[whell]

Originally Posted by BlueStreak

That's my guess. There was some sort of payout to key people at Carrier and this is little more than a public relations stunt. I don't see him going around doing this at thousands of empty factories and mills all over the country.

But, that's exactly what a lot of people are now expecting.

We shall see.

Uh, not likely. Carrier and its parent United Technologies are publicly traded companies with reasonably good reputations, and with limited tolerance for ethical lapses among their executive teams.

More likely is that such "payout" would be in the form of corporate tax abatement or tax incentives. The loss of Carrier in Indianapolis was estimated to have an ANNUAL economic impact of $108 MM to the state of Indiana. Seems like some fraction of that $108MM would be a decent investment by the State in keeping jobs at home.

[BlueStreak]

Originally Posted by whell

Uh, not likely. Carrier and its parent United Technologies are publicly traded companies with reasonably good reputations, and with limited tolerance for ethical lapses among their executive teams.

LMAO! Ethics? If they had any "ethics", the move never would have been announced in the first place. Ethics don't have a fucking thing to do with corporate deeds.

Ethics my ass. I think you got closer to the truth when you said, "...the US government would take it's business elsewhere.".

There's the arm twisting I was looking for.

Thanks.

Moreover, Where was this generous state tax break with Pence as governor? Or was that already in the works BEFORE Trump could grab credit? Why did they wait until after the election?

Public Relations stunt.

Thanks again.

[whell]

Originally Posted by BlueStreak

LMAO! Ethics? If they had any "ethics", the move never would have been announced in the first place. Ethics don't have a fucking thing to do with corporate deeds.

Ethics my ass. I think you got closer to the truth when you said, "...the US government would take it's business elsewhere.".

There's the arm twisting I was looking for.

Thanks.

Moreover, Where was this generous state tax break with Pence as governor? Or was that already in the works BEFORE Trump could grab credit? Why did they wait until after the election?

Public Relations stunt.

Thanks again.

Your comments on ethics are a product of your own prejudices. Are there unethical business folks out there? Sure. But I don't think lack of ethics has any bearing in this case. Debate on that is outside the scope of this thread anyway.

The "generous state tax break with Pence as governor" may have been there, but as the article states, it was only part of the deal. Pence would not have been able to put together the same deal on this own - particularly leveraging the gov't contracts that Carrier's parent company has, or making "promises" about future tax or trade policy.

[finnbow]

Originally Posted by whell

What an idiotic post this is. Which page of the handbook did you pull this one out of, Finn?

I've already posted here that the Carrier plant brings Indiana an estimated $108MM PER YEAR. For the sake of discussion, let's say that amount is exaggerated. Let's say its only $90MM per year. So, in exchange for $700,000 per year in tax relief, the state gets to keep over $89MM, and gets to keep 1400 folks employed.

And somehow Finn in confused by this? Finn can't do the math and look at the human cost and figure out that this is a decent deal? Finn hasn't figured out yet that Trump has never considered himself beholden to any particular ideology, so there's no possible way his comment above is relevant?

Idiocy.

It wasn't my words, it was Fortune's words. As for math, you're the one confusing extrapolated and amorphous "costs to the state's economy" with actual state tax expenditures/receipts (i.e., economic activity vs tax receipts). It's akin to comparing the nation's GDP to the nation's tax receipts. Your argument is essentially the same specious argument made by sports owner to get states and municipalities to finance stadiums.

[whell]

Originally Posted by finnbow

It wasn't my words, it was Fortune's words.

It was your words that I was responding to. Namely: "I thought the GOP was against taxpayer-financed bailouts?"

Hell, you can't even own your own statements.