***Official Political Discussion Thread***

[essential1]

I don't think you can really do that in the defense technology sector especially when their competitors (Boeing, Lockheed and NGC) are actively moving jobs overseas for the same reasons as well as offset obligations. Also, I'm sure UTC offers unique value proposition for their research so it wouldn't be as easy as just replacing them

You let those contracts run their course in a worst case, and when they are up screw them anyway.. Even if the competitor is doing the same thing.

You could even go on the positive side, and say we have some other contracts in the future that you can have if you keep these jobs here.


But to keep only half, and give in to their every demand, when you're talking a sliver of savings in their total revenue, and you have some leverage is not only a terrible negotiation job by The Art of the Deal, but a terrible precedent.

 

[deleted]

http://www.usatoday.com/story/news/...-trump-tweet-vote-fraud-big-mistake/94604846/


Gingrich calls Trump tweet about vote fraud a big mistake

Sheesh

I feel like we're going to hear a lot about "big mistakes" over the next few years

 

[storm2006]

I don't think you can really do that in the defense technology sector especially when their competitors (Boeing, Lockheed and NGC) are actively moving jobs overseas for the same reasons as well as offset obligations. Also, I'm sure UTC offers unique value proposition for their research so it wouldn't be as easy as just replacing them

You let those contracts run their course in a worst case, and when they are up screw them anyway.. Even if the competitor is doing the same thing.

You could even go on the positive side, and say we have some other contracts in the future that you can have if you keep these jobs here.


But to keep only half, and give in to their every demand, when you're talking a sliver of savings in their total revenue, and you have some leverage is not only a terrible negotiation job by The Art of the Deal, but a terrible precedent.

I think this quote above the one you posted tells the story: United Technologies is a leading defense contractor that benefits from billions of dollars in federal spending, so it needs to maintain good relations with the incoming Trump administration.

If anything, Trump wanted the positive publicity so he told them to cut this deal and he'll look favorably upon them with future contract awards and research grants. I think it's clear he cared more about making a deal for the sake of making a deal rather than making a rational one.

 

[EddieDoyers]

http://www.usatoday.com/story/news/...-trump-tweet-vote-fraud-big-mistake/94604846/


Gingrich calls Trump tweet about vote fraud a big mistake

Sheesh

I feel like we're going to hear a lot about "big mistakes" over the next few years

i pray that we don't see a lot of big mistakes

 

[essential1]

I don't think you can really do that in the defense technology sector especially when their competitors (Boeing, Lockheed and NGC) are actively moving jobs overseas for the same reasons as well as offset obligations. Also, I'm sure UTC offers unique value proposition for their research so it wouldn't be as easy as just replacing them

You let those contracts run their course in a worst case, and when they are up screw them anyway.. Even if the competitor is doing the same thing.

You could even go on the positive side, and say we have some other contracts in the future that you can have if you keep these jobs here.


But to keep only half, and give in to their every demand, when you're talking a sliver of savings in their total revenue, and you have some leverage is not only a terrible negotiation job by The Art of the Deal, but a terrible precedent.

I think this quote above the one you posted tells the story: United Technologies is a leading defense contractor that benefits from billions of dollars in federal spending, so it needs to maintain good relations with the incoming Trump administration.

If anything, Trump wanted the positive publicity so he told them to cut this deal and he'll look favorably upon them with future contract awards and research grants. I think it's clear he cared more about making a deal for the sake of making a deal rather than making a rational one.

Well what has been floating out there is
1. The Corporate tax break
2. Corporate tax holiday on overseas revenue coming back to the US
3. Potential business regulation easing

That's on top of the future contracts & grants which is almost certainly apart of it.



All that which is BILLIONS annually for them, and all he could get was 1000 of 2100 because it's going to cost them like $35mil, and not even a commitment for further hiring for different projects


The same people who he saved their jobs (when many of their co-workers will lose their jobs on the same day), will end up getting screwed anyway because of what Indiana will have to cut because of lost revenue.

 

[everysingletime]

I'm having trouble keeping up..

You guys telling me that the government is helping these companies save money and they're laying off ppl anyway?

damn

 

[storm2006]

I'm in agreement with you but we both know damn well the headline will be "Trump saved 1000 jobs that were headed overseas" not "Trump saved 1000 out of 2100 jobs that were headed overseas" because it's a quick win for his team. I doubt he even thought about it at the level you and I are discussing

 

[essential1]

I'm having trouble keeping up..

You guys telling me that the government is helping these companies save money and they're laying off ppl anyway?

damn

Yes at most 1000 jobs are staying... Carrier was moving 2100 out by next year.

Total savings of the 2100 jobs in Mexico was $65mil / year.

 

[essential1]

I'm in agreement with you but we both know damn well the headline will be "Trump saved 1000 jobs that were headed overseas" not "Trump saved 1000 out of 2100 jobs that were headed overseas" because it's a quick win for his team. I doubt he even thought about it at the level you and I are discussing

Absolutely.

And the funny thing... In a couple of years, Carrier will likely move those 1000 jobs to Mexico anyway.

 

[boris]

Another anecdote....

Carrier / United Technologies was moving the 2,100 jobs to save $65mil annually. Since they are keeping a little less than half, they will save about $35mil.

Just promising to cut the corporate tax from 35 to 15% on only the $5.8bil they made in government contracts (only 10% of their total revenue). Their tax bill goes from $1.96bil to $840mil..... Just on that 10% of their revenue

AND YOU COULD ONLY KEEP HALF THE JOBS!?!?! Hell for a 20% corporate rate tax decrease = $1bil saved on only 10% of your revenue, they should have been creating 10,000 jobs on top of keeping all 2,100 in Indiana.


What an idiot

According to ninjahood, they're gonna reinvest that money back into America, though! They really demonstrated that by keeping less than half the jobs in the U.S.!

 

[storm2006]

I'm in agreement with you but we both know damn well the headline will be "Trump saved 1000 jobs that were headed overseas" not "Trump saved 1000 out of 2100 jobs that were headed overseas" because it's a quick win for his team. I doubt he even thought about it at the level you and I are discussing

Absolutely.

And the funny thing... In a couple of years, Carrier will likely move those 1000 jobs to Mexico anyway.

Either that or threaten to move them for more concessions. The Boeing Company does that regularly with tax breaks in Washington state, granted those provide a significant amount of jobs resulting in billions while this is only 1000 jobs for a couple million.

On a related note, I'm extremely curious to see how any tariffs or a trade ware will affect these defense contractors in selling their products to foreign countries. I suppose it could be offset by Trump's proposed increase in domestic defense spending

 

[everysingletime]

You saying that all the tax cuts will save these companies billions but they still cutting jobs to save millions?

Lmao damn. That greed.

Didn't ninja say that tax cuts will make rich ppl happy and spread the wealth?

 

[essential1]

You saying that all the tax cuts will save these companies billions but they still cutting jobs to save millions?

Lmao damn. That greed.

Didn't ninja say that tax cuts will make rich ppl happy and spread the wealth?

Yup.

“I didn’t think it would be this quick,” Mr. Maynard said.

While the standoff loomed large in the lives of its employees in Indiana, for United Technologies the forgone savings is tiny — equivalent to about 2 cents per share in earnings.

“Every penny counts, but if we step back and I’m looking at earnings of $6.60 per share this year, 2 cents is an easy concession if the president-elect listens to some of the company’s bigger concerns,” said Howard Rubel, a senior equity analyst with Jefferies, an investment banking firm in New York.

http://www.nytimes.com/2016/11/29/business/trump-to-announce-carrier-plant-will-keep-jobs-in-us.html

 

[storm2006]

You saying that all the tax cuts will save these companies billions but they still cutting jobs to save millions?

Lmao damn. That greed.

Didn't ninja say that tax cuts will make rich ppl happy and spread the wealth?

Exactly. It's a perfect way to increase margins and give that money back to shareholders. It's also because of the amount of automation and efficiencies that have been created in production. Furthermore for jobs like engineering, companies are coming up with more modular designs that can be re-used so there's not as much need for large engineering teams over a long period of time.

 

[everysingletime]

Engineering seems like it'd be a **** agree to acquire in today's age. You're just too expendable unless you're a genius, amirite?

I think I wanna tell my peoples not to get into engineering lol

 

[EddieDoyers]

You saying that all the tax cuts will save these companies billions but they still cutting jobs to save millions?

Lmao damn. That greed.

Didn't ninja say that tax cuts will make rich ppl happy and spread the wealth?

Trump about to get record profits the next 4 years

 

[ksteezy]

Trump bout to boost the economy something cray. We all gonna be able to buy big family homes and drive M3s, except Ninja, he'll drive da Hemi and will opt to stay at home but will however make his first visit to ikea for a new bed frame.


Thank you Trump Gawd!

 

[everysingletime]

If these companies still laying off ppl then the corporate tax cuts are pointless. Midas well not cut their taxes so they can contribute those billions they save to the deficit.

Trump screwing over the economy to give these companies cuts and ppl be going jobless anyway :x

 

[Master Zik]

That's what companies and corporations do though. Try to make the most money. The whole point of their lobbyists is to get the government to layoff on taxes that'll hurt them a d provide certain opportunities to make more money.

They rarely have incentive to spread the wealth or even if they're in a position to hire more ppl they'll outsource to the cheapest group they can or move on to machines.

 

[EddieDoyers]

Trump bout to boost the economy something cray. We all gonna be able to buy big family homes and drive M3s, except Ninja, he'll drive da Hemi and will opt to stay at home but will however make his first visit to ikea for a new bed frame.


Thank you Trump Gawd!

I prefer Kanye 2020
Yeezy boosts for everyone

 

[RustyShackleford]

Trump bout to boost the economy something cray. We all gonna be able to buy big family homes and drive M3s, except Ninja, he'll drive da Hemi and will opt to stay at home but will however make his first visit to ikea for a new bed frame.


Thank you Trump Gawd!

I prefer Kanye 2020
Yeezy boosts for everyone

Finance industry gonna be jumping, da easy flips gonna be poppin

 

[everysingletime]

I just never realized how terrible a business sports is until tonight...

Joakim Noah is a waste of space on the basketball court. The man is due 70 million over 4 years..no matter how much he sucks, or if he gets hurt and doesn't play another game, as a Knicks owner you got to pay that man 70 million.

This manufacturing company in Indiana is getting rid of 1000 ppl to save 65 million dollars, cuz they can...after getting billions in tax breaks.

Isn't that a mind **** to think of it like that.

No wonder they say that as an owner, you go into sports as a hobby, not to make money.

But still. How sad is it that a man gets 70 million to suck at basketball, but 1000 ppl can lose their jobs so a company can save 65 million.

The world is gross b :x

 

[Brownstone]

wonder if romney is trolling trump. get his trust and then take a **** on him. that's what i would do.

LOL, they are all frauds. Rich men begging for jobs out here, where is Ja to make sense of this?

 

[rexanglorum]

*record scratch*

*freeze frame*

Yup, that's me. You're probably wondering how I ended up in this situation.

rollin

 

[boris]

If these companies still laying off ppl then the corporate tax cuts are pointless. Midas well not cut their taxes so they can contribute those billions they save to the deficit.

Trump screwing over the economy to give these companies cuts and ppl be going jobless anyway

It's all for show so that Trump can say he saved a few jobs. His followers will eat that **** up like he's some savior while he continues to gut the country.