Comments by "" (@theylied1776) on "Amid market sell-off, White House focuses on long-term economic goals" video.

  1. It's almost as if "someone" predicted that corporate trickle-down economics is a myth and the tax cuts should be focused on small businesses rather than corporations because corporations and shareholders when they get a tax cut, just like they did under Reagan, would engaging profit-taking.
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  2. chris fromm Actually you don't need corporations to stay because small businesses are the economic engine of the US economy. This sell-off is exactly what happened after the Reagan tax cuts. Corporations and Shareholders profit take, they do not stimulate the economy and they never have. Stimulating the economy has always been the exclusive realm of small business. Corporations do not stimulate the economy, and they do not engage in trickle-down economics. Look at the Carrier Plant in Indiana, they received State and Federal tax cuts, tens of millions, and they laid off 600 employees and they're moving part of the manufacturing to Mexico. Even though Ford knew there was going to be a corporate tax cut they shut down two manufacturing plants and they're opening a manufacturing plant in Mexico.
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  3. chris fromm Please tell me how corporations stimulate the economy?
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  4. chris fromm You do realize US Steel is only number 7 when it comes to top steel producers in the world? 2,3, and 4 are corporations from South Korea, China, and Japan.
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  5. chris fromm And other than France, South Korea produces some of the most cost effective, stable and efficient energy in the world. Mostly thermal a nuclear. Where you getting your information from about South Korea?
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  6. chris fromm You do realize steel and aluminum car frames that are used for new cars in the United States are sourced from other countries, like China and Mexico, they're not stamped in the United States. Ford Imports a lot of their frames from Europe.
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  7. chris fromm And you do realize that a lot of these Oil companies get huge subsidies from the federal government? That offsets their costs.
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  8. chris fromm How many small businesses do you know that get huge subsidies, in the tens of Millions, that a small business owner can use to offset the cost and expense of hiring and training new employees? That would be [zero]. So, corporations have an advantage that small businesses don't. Then you add on a corporate tax cut. Which is permanent versus the tax cut that small businesses receive that will sunset in 7 years.
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  9. chris fromm I don't disagree with this comment because corporations are now engaging and [profit-taking] and shareholders are engaging in a sell-off, neither of which stimulates the economy whatsoever. Corporation will reinvest that money, which does not necessarily mean it's going to trickle down two employees. Just look at the Indiana Carrier plant, they reinvested in Automation for that plant and they fired 600 people then announce you're moving so many factoring to Mexico. Ford closed to manufacturing plant and took the money from the potential corporate tax break and they're now building a plant in Mexico, that does not stimulate the US economy.
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  10. chris fromm don't get me started about AT&T and Walmart both firing over a thousand employees each? I have a list of people being laid off right now so basically you only have about .1% of the US Workforce that will benefit from this tax break.
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  11. chris fromm Just point to a period were corporations have stimulated the U.S. economy, give me something tangible. And this isn't a Rat's Nest out of point-counterpoint, all you're giving me is basic economic theory.
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  12. chris fromm Nothing in your little dissertation shows me that either Ford or U.S. Steel has stimulating the US economy with their so-called strategies? And Trump also visited the Indiana Carrier plant and he guaranteed the people in Indiana that plant will remain open and they would be able to keep their jobs... that didn't happen.
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  13. chris fromm What does a completely different economic system like South Korea have to do with the United States? You're comparing apples to oranges here, if you want to use an equivalent economic system why don't you compare Canada, UK, Germany, or France?
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