Closing Thought–05Feb18

Does everyone remember the promises of the campaign?  Of course not……if they did then Trump would be less popular than he is….but that aside…..does the reader remember all the promises of the return of American business from overseas?

The promise was that he, Trump, would make it such a positive business environment that those American companies would come streaming back…..

Harley-Davidson has crapped on that promise……

The iconic American motorcycle maker was part of President Donald Trump’s focus on U.S. manufacturing in the early days of his administration. Executives visited the White House in February to meet with Trump, who thanked Harley-Davidson “for building things in America.” But even Harley-Davidson had a manufacturing footprint overseas, and the Milwaukee-based company says the facility in Thailand will improve its ability to serve markets where demand is on the rise.

Harley-Davidson said the move will not impact its U.S. factories.

http://www.foxbusiness.com/markets/2017/05/23/harley-davidson-building-factory-in-thailand.amp.html

“Will not impact American factories”…..then why is the factory in Kansas City being closed?

Just asking?

Have a good evening…..peace out my friends…..chuq

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Business Models Of War

Since the mid-60’s to be in charge of the Pentagon you need a business school degree to be successful.

The American military is infatuated with the latest business models and their potential application for war. Bureaucracies are not agile organizations, as a rule, and just as the Pentagon institutes the previous decade’s top-selling business management method, it seems corporate America has already moved on to the Next Big Thing. A list of the 25 top-selling business management books, sorted by publication date, reads like a slightly delayed litany of ideal business-to-war manifestos.[1] Nonetheless, in his most recent memorandum, Secretary of Defense Jim Mattis echoed many of his predecessors in encouraging all members of the military to “bring business reforms to the Department of Defense.

Secretary Mattis follows a long line of similar efforts. Secretary of Defense Robert McNamara (1961-67) directly inserted systems analysis business practices developed while at Ford Motor Company into both weapons acquisition programs and war-planning/assessment models in an effort to increase military efficiency during the Vietnam War, with at least equivocal results in military effectiveness.[3] Secretary William Cohen (1997-2001) similarly directed the Pentagon to initiate a revolution in military affairs (RMA) based on an ongoing “revolution in business affairs” to “streamline, … downsize, [and] outsource” for improved efficiency.[4] Secretary Donald Rumsfeld (1975-77, 2001-06), who served as the CEO of three major corporations between stints in government, transferred then-popular business modelling of information systems into the military through a process called transformation.[5] Secretary Chuck Hagel (2013-15), in announcing the Defense Innovation Initiative (DII), flatly asserted that the Department of Defense “must embrace better business practices that are core to any modern enterprise, private or public.”

https://www.realcleardefense.com/articles/2017/11/22/on_the_business_models_of_war_112669.html

President Trump’s Corporate Government

Pres. Trump is doing what every American president has done for many long decades…..enriching corporate America.

We’re 100 days into Corporate Government.While giant corporations have for decades and on a bipartisan basis exerted far too much influence over government decision-making, we’ve never seen anything like the Trump administration.

The key officials in the federal government, starting with the president himself, come from Big Business; the administration openly seeks guidance and direction from giant corporations and corporate CEOs on policymaking; and the Trump administration is rushing to deliver subsidies, tax breaks and deregulatory gifts to the giant corporations to which the administration apparently owes its primary allegiance.

A day-by-day review of the administration’s first 100 days in office shows that virtually every day there has been a new, extraordinary grant of power to corporate interests and/or another development in Donald Trump’s get-rich-quick-scheme known as the American presidency.

Source: President Trump’s Corporate Government | Alternet

I think it is disgusting that corporations get all the breaks and benefits from the administration……Trump is not doing anything different from the last several presidents…but it seems that he is doing it better than his predecessors.

Is Trump A Socialist?

Did you hear that?  That was the sound of millions of Trump supporters asses slamming shut!

Please read the post and not just the title like so many do…..

Ever read something that makes sit back and have a good chuckle?  Well I found one over the weekend……

Surely you have heard about the deal the Trump made with Carrier (UTC)…..the one about the jobs….ring a bell yet?

Don’t strain that sleeping brain……

With his deal to keep Carrier’s factory in Indianapolis open, Donald Trump has fulfilled a big campaign promise, saved 1,100 highly paid American jobs—and, once again, created an enormous controversy. Carrier, which had planned to shift production to Mexico, will receive at least $7 million in financial incentives from Indiana. Critics say this sets a dangerous precedent, and wonder whether Trump is planning to make deals with every company that threatens to move jobs overseas. A round-up of coverage:

  • Trump praised the deal in a visit to the factory Thursday, CBS reports. “Companies are not going to leave the United States anymore without consequences. It’s not gonna happen,” he said.
  • United Technologies, Carrier’s parent company, “took Trump hostage and won. And that should send a shock wave of fear through all workers across the country,” Bernie Sanders writes in a Washington Post op-ed. With the deal, he writes Trump has endangered previously safe jobs by signaling “to every corporation in America that they can threaten to offshore jobs in exchange for business-friendly tax benefits and incentives.”
  • White House press secretary Josh Earnest told reporters the deal is “obviously good news,” but hardly comparable to the 804,000 jobs in the manufacturing sector he said President Obama created, the Guardian reports. Trump would need to “make 804 more announcements just like that” to equal what Obama did, Earnest said.
  • Trump revealed to Carrier workers that despite his promise to keep jobs there, he hadn’t really been talking about that particular factory. “I said Carrier will never leave,” he said. “But that was a euphemism. I was talking about Carrier like all the other companies from here on in.” He said he decided to get on the phone to execs anyway “because of the love affair I’ve had—this has been a very special state to us.”
  • Jimmy Pethokoukis, an analyst at the conservative American Enterprise Institute, didn’t pull his punches in an interview with CNBC. He said Trump’s remarks were the worst economic speech since Walter Mondale’s attack on Reaganomics in 1984. He says it is “absolutely chilling” that American corporations will now have to make business decisions based on “fear of punitive actions based on who knows what criteria exactly from a presidential administration.”
  • NPR notes that United Technologies makes a lot of money from government contracts, suggesting “strong-arm” tactics played a role in the deal. Analysts including George Mason University professor of economics Tyler Cowen, a libertarian, warns that “crony capitalism” could prevail under Trump, with plenty of rewards flowing to companies that please the president.
  • But at the Carrier plant itself, the mood is unsurprisingly jubilant—and pro-Trump. The announcement was a “Christmas miracle,” Jeffery Blackford, who was worked for the company for 25 years, tells the Indianapolis Star, which reports that under the deal, the average wage will be $30.91 an hour. “Hopefully this right here will be a start of a new beginning, where we can stop manufacturing from leaving this country.”

That should catch you up…..

A leading conservative writer has stepped up and given what Trump has done a name……

GEORGE WILL: So far Donald Trump’s style is personal, not to say visceral, and ad hoc. And what that adds up to is a kind of use of presidential power absolutely unconstrained by law and statute and all those other niceties. The problem is when you have, in the Carrier case, political power used to bring pressure upon a privately held corporation that has a fiduciary duty to maximize shareholder value and drive them off with political pressure from making economic decisions about economic assets, you are, in effect, at the end of the day, getting the federal government involved in capital allocation. There is a name for that, it’s called socialism.

This ought to put the conservative writer on the shit list of all those slobbering Trump supporters……

After accusing the Left for decades of being a socialist group and plotting to somehow install a socialist government….we find the Trump is more socialist than the Left…..according to Will.

I cannot wait for the mindless dribble that should come my way…..but…….

Please before you slugs on the Right have anything to say….leave me out of it…..your point of contention is with George Will, a fellow conservative….all I did was show that not all conservatives are willing to kiss his ass like you.

Service To Be Restricted

There has been lots of talk about the possibility of the internet could become limited and even censored…..some of these are great conspiracies and again maybe not so “out there”…..

Comcast is about to makes its residential internet service a lot more like smartphone data plans for millions of customers, the Washington Post reports. Starting Nov. 1, Comcast will be capping the internet usage of customers in 18 markets—including 12 whole states—at 1 terabyte. According to Ars Technica, Comcast has had a data cap in place in some markets since 2012. For Comcast customers who exceed the 1TB monthly limit, Comcast will charge a $10 fee per additional 50 gigabytes up to $200. To avoid the data cap, customers can either pay an extra $50 per month for unlimited data or $300 per month for Comcast’s Gigabit Pro fiber-optic service. A list of markets that will be impacted by the data cap is here.

Comcast claims the data cap is “based on a principle of fairness”—the people who use the most internet will pay the most for it. But Engadget argues that doesn’t make complete sense, as in only the most extreme cases does someone using more internet impact anyone else’s internet usage. A Comcast executive has also acknowledged that the data cap is a “business policy,” not a technical necessity. Comcast says 99% of customers don’t use more than 1TB of data—enough to stream up to 700 hours of video or play 12,000 hours of online games—per month. But that may not be true for long, with the increasing prevalence of HD and 4K games and videos that use more data.

Is this just the beginning?  Were all those conspiracy nuts being prophetic?

Remember All Those Freeloaders?

Sure you do!  All you Right thinking people have bitched and demonized them with every election since Reagan….they have been called “welfare queens” and “freeloaders” and I am sure some others that are not too polite……those people that get those freebies without paying any taxes…..surely you remember all those people that are destroying this country because they get “freebies”.

I am sick of the “freeloader” bullshit!

But let’s be honest…the real cheats are the corporations that do little for this country and in return are allowed to pay little to no taxes……

Apple has skipped out on paying close to $60 billion in taxes on $181 billion it holds offshore, according to a new study. But though the company holds the most profits offshore of any US company, it’s hardly alone: At least 358 American companies hold $2.1 trillion in profits, which would be subject to a 35% corporate tax rate if the funds were to reach the US, according to the review by two left-leaning nonprofits, per Reuters. That means $620 billion could be collected by feds—enough money to eliminate the federal deficit, notes CNBC. Instead, companies move assets to places like Bermuda and the Cayman Islands, where they pay about 6% in taxes. The report finds 60% of companies with tax subsidiaries had at least one in either country, though the Netherlands had the highest number of subsidiaries.

Think $620 billion in potential tax gains is high? The actual number is likely much higher. The report notes just 57 companies disclosed how much they would owe if they transferred their offshore holdings back home. As “nearly 72% of the Fortune 500 operate subsidiaries in tax haven jurisdictions as of the end of 2014 … Congress can and should take strong action to prevent corporations from using offshore tax havens, which in turn would restore basic fairness to the tax system, reduce the deficit, and improve the functioning of markets,” the study from Citizens for Tax Justice and the US Public Interest Research Group Education Fund found. Just 30 companies account for $1.4 trillion in offshore profits. General Electric was found to hold $119 billion in 18 tax havens, Microsoft has $108.3 billion in five, and Pfizer has $74 billion in 151.

This is one of the reason I will NOT buy any of the crap Apple sells…..that and the fact that they use sweat shops to make their crap……so they can charge $600 for a phone made for $10…….

The very people that bitch and moan about this country and its problems are the very ones that spend hours in line to buy a product for $800 that is basically a “freeloader” dissing its country……

Here is an outrageous idea……how about you stop bitching, whining and blaming poor people for the problems in this country and go after the REAL freeloaders.