Skewering of Leftist Economic "Conventional Wisdom"

[Chicks]

Originally Posted by whell

And that's "bad" because...?

Originally Posted by whell

"Conventional Wisdom" - tax cuts for business are bad, since the business will not pass along the benefit of those cuts to workers, and there will be no economic benefit for anyone except business owners or share holders.

Quoting your original point, Apple shows the “conventional wisdom” is absolutely correct.

[whell]

Originally Posted by Chicks

Quoting your original point, Apple shows the “conventional wisdom” is absolutely correct.

Uh, no it doesn't. Apple - in case you missed it, which I strongly suspect you didn't - announced bonuses, expansion plans and new hiring specifically attributable to the corp tax rate cut.

The repatriation is a ONE TIME opportunity to bring funds back from overseas operations that have already been booked as profit for the corporation. Difference scenario.

[Chicks]

Apple Inc. announced a series of plans Wednesday that were celebrated as promises to hire thousands of workers and bring home all of its overseas cash.

Well, not necessarily.

https://www.marketwatch.com/story/ap...ash-2018-01-17

[finnbow]

Originally Posted by Chicks

Apple Inc. announced a series of plans Wednesday that were celebrated as promises to hire thousands of workers and bring home all of its overseas cash.

Well, not necessarily.

https://www.marketwatch.com/story/ap...ash-2018-01-17

I think this is yet another example of a corporate CEO's blowing smoke up Trump's ass so that he'll have a favorable impression of them as in the Carrier deal.

[CarlV]

I am thinking Reagnomics double dip recession V.2.
Like this:

The Republican tax cut could not come at a worse time, unnecessarily overheating an aging economic recovery that’s already operating near full employment, said Jim Paulsen, chief investment strategist at Leuthold Weeden Capital Management.

“If it is a stimulative tax cut, it will hasten inflation and prematurely bring a recession,” Paulsen said in a speech Wednesday.
https://www.marketwatch.com/story/ta...sen-2017-12-06

[whell]

Originally Posted by CarlV

I am thinking Reagnomics double dip recession V.2.
Like this:

The Republican tax cut could not come at a worse time, unnecessarily overheating an aging economic recovery that’s already operating near full employment, said Jim Paulsen, chief investment strategist at Leuthold Weeden Capital Management.

“If it is a stimulative tax cut, it will hasten inflation and prematurely bring a recession,” Paulsen said in a speech Wednesday.
https://www.marketwatch.com/story/ta...sen-2017-12-06

https://www.youtube.com/watch?v=JmzuRXLzqKk

[whell]

Originally Posted by finnbow

I think this is yet another example of a corporate CEO's blowing smoke up Trump's ass so that he'll have a favorable impression of them as in the Carrier deal.

Oh yeah. Apple absolutely decided to invest billions and hire thousands just to please Trump. Shareholders be damned.

You guys are beyond delusional.

[finnbow]

Originally Posted by whell

Oh yeah. Apple absolutely decided to invest billions and hire thousands just to please Trump. Shareholders be damned.

You guys are beyond delusional.

Of course you're not bright enough to fully understand my comment. Companies are going to do whatever they feel they need to do to maximize shareholder wealth (per their fiduciary responsibility). What they'll also do is blow smoke at Trump to let him think he had something to do with it such that he goes easier on them in future transactions. The Chinese, Russians, Saudis and Filipinos understand this. Don't you think Apple does too?

[whell]

Originally Posted by finnbow

Of course you're not bright enough to fully understand my comment. Companies are going to do whatever they feel they need to do to maximize shareholder wealth (per their fiduciary responsibility). What they'll also do is blow smoke at Trump to let him think he had something to do with it such that he goes easier on them in future transactions. The Chinese, Russians, Saudis and Filipinos understand this. Don't you think Apple does too?

Of course, you're not bright enough to fully realize just how idiotic your comment was in the first place. To suggest that any significant part of Apple's calculation, or any company's calculation, to make investments totaling billions and the hiring of thousands as part of an expansion of their business was based on "pleasing Trump" is sheer lunacy. Hell, Apple's Tim Cook is a Dem. Seems like, at the very least, his MO would be to "resist".

Tell me, how many companies can you list that spent billions and hired thousands to in order to "blow smoke at Obama"?

[Chicks]

Dozens of articles like this one, if you read (do you?)

https://www.politico.com/story/2016/...america-232274

CEOs are forced to treat this petulant idiot with kid gloves.