General Discussion
Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsTrump will be tweeting about this in the morning
He'll be all smiles about this NYT article.
By BINYAMIN APPELBAUM and JIM TANKERSLEY
January 1, 2018
The Trump Affect
WASHINGTON A wave of optimism has swept over American business leaders, and it is beginning to translate into the sort of investment in new plants, equipment and factory upgrades that bolsters economic growth, spurs job creation and may finally raise wages significantly.
Full article at link
https://nyti.ms/2DJjRvx
Thanks NYT
roamer65
(36,748 posts)Fuck this normalization bullshit.
Businesses don't just invest in new plants two weeks after a tax cut passed and right before the holidays.
It takes studies, business cases, sales projects, etc to make decisions like that.
To say nothing of the fact that businesses won't do a dang thing until they see DEMAND increase. They may invest in upgrading aging equipment but they won't increase production without increased sales.
Eyeball_Kid
(7,440 posts)CentralMass
(15,265 posts)NYC Liberal
(20,138 posts)(...just ignore that it was negotiated by the UNION months ago...and ignore that they're laying people off...)
RestoreAmerica2020
(3,439 posts)...that New York Times ? Seems to me they changed their tactic, the lambe his ass tactic.
[Lambe: Spanish colloquial, slang ..lambe is used as phrase ..ex. He's a lambe. He's a lick ass.
elleng
(131,292 posts)Reasonable, and to be expected.
*The evidence is weak that regulation actually reduces economic activity or that deregulation stimulates it. But business executives are largely convinced that the cost of complying with rules diverts money that could be invested elsewhere. And economists see a plausible connection between Mr. Trumps determination to prune the federal rule book and the willingness of businesses to crank open their vaults. Measures of business confidence have climbed to record heights during Mr. Trumps first year.
The notion that deregulation unleashes growth is virtually impossible to find in the data, said Jared Bernstein, a senior fellow at the Center on Budget and Policy Priorities who served as the chief economic adviser to Vice President Joseph R. Biden Jr. What does matter is this idea that confidence matters. If their expectations about the future are positive, then it does make a difference.'
marybourg
(12,648 posts)What about the line workor or cubicle dweller?
applegrove
(118,880 posts)profits coming home. So divide any bump by 10 to get the economic activity a real tax cut would cause.
NoMoreRepugs
(9,500 posts)We have entered bizzaroworld.
Turbineguy
(37,392 posts)idiotic, mister president, people will talk about you. Your ratings will be the best.
brush
(53,968 posts)is president?
Those corporations are going buy back stock and give CEOs even bigger compensation packages.
Any new production facilities will be overseas or robotic.
Nothing is going to trickle down except a one-time bonus a few of them gave to us surfs and followed by the recession that always comes when repugs are running things.
democratisphere
(17,235 posts)Is anything real any more?
onethatcares
(16,204 posts)I am so inspired, living on social security, that I will now invest in a new Masserati. I just feel extra confident the ruling party will increase the COLA enough to help me cover it.