Steelworkers Feel Abandoned by Trump as Layoffs Loom at ArcelorMittal-owned Mill

[Sheik Yerbouti]

Now there's a true water carrier for ya^

Can't you see it's our fault he's not presidential. For some reason, a 72 year old man with a rampant history of flagrant narcissism, mismanaged businesses, a bullshit scam university, 2.5 failed marriages (be real, Natasha's on the first plane to whereverthefuckistan as soon as the chance arises), openly treating women like shit, mocking the disabled, spouting racist and xenophobic rhetoric, and openly supporting a pedophile is cringing against being presidential because of mean old people like you and me. Yea, that has to be the reason.

 

[Jhhnn]

The middle class isn’t being eroded because the rich are rich, it’s being eroded because labor across the globe is much cheaper and we're all too happy to ship those middle class jobs over there. Globalization is a double edged sword, we get lots of cheap tv's but we gutted the real economic engine of our country in return. What would Hillary do differently to stem that flow?

None of that is really true at all. Income share has shifted enormously to the top, particularly to the 1% & even more so to the top .1%. They've been biting off a bigger piece of the pie for decades. Table 5-

https://taxfoundation.org/summary-latest-federal-income-tax-data-2015-update

We simply haven't sought fair compensation for job loss from automation & offshoring, the very things that boosted their share.

 

[urvile]

you realize that by allowing unimpeded markets, the chinese could simply dump steel worldwide, destroy local producers, and then raise the prices?

see US rare earth metals.

not all regulation is bad.

I am good with that. We either support the free market or we don't. We can't say consumer protection agencies are the antithesis of capitalism and then interfere in the free market. It doesn't make any sense. Make Australia Great Again!

 

[Jhhnn]

I am good with that. We either support the free market or we don't. We can't say consumer protection agencies are the antithesis of capitalism and then interfere in the free market. It doesn't make any sense. Make Australia Great Again!

The last time markets were "free" was when wandering bands encountered each other & decided against the kill them & take their shit option. Regulating markets to some degree or another is as old as civilization itself. The more complex it gets the more regulation is required to keep it running in service to the citizenry.

 

[urvile]

The last time markets were "free" was when wandering bands encountered each other & decided against the kill them & take their shit option. Regulating markets to some degree or another is as old as civilization itself. The more complex it gets the more regulation is required to keep it running in service to the citizenry.

Fuck the citizenry. Why do you think trump wants to gut the regulators that protect their rights? That shit would never happen down here. MAGA.

In all seriousness. The Feds here pumped a lot of money into the aus car manufacturing sector. This was mainly to keep the manufacturing in aus. Eventually it just became unviable for the government to keep the entire industry afloat. The last manufacturer (IIRC Toyota) offshored this year. Now the industry is dead here. So be it.

Obviously its not the same thing as tariffs. Although we do have those on some imported vehicles too but the taxpayer propping up major car manufacturers. So that their bottom line isn't effected. Seems kind of crazy.

 

[1sikbITCH]

It voted for layoffs? Take a step back and look in the mirror man, you are chearing over people losing their jobs just due to partisanship and bitterness. That’s a sad place to be.

Living in Putin's America is a sad place to be. If you voted for that shit, you can't come back here now to everyone you screwed over and expect us to feel pity. I'm screwed too, thanks to you.

 

[Sunburn74]

Perhaps you ought to switch to Trump who gives people what they deserves and delights in it as you do.

Am slightly tempted. The tax cuts and destabilization of the ACA are a major boon to me but I'm in the top 1%. I vote against Trump (and the entire GOP) out of legit concern that democracy is being undermined with worsening income inequality, the middle class is dying, and that our most vulnerable are being neglected.

 

[Sunburn74]

None of that is really true at all. Income share has shifted enormously to the top, particularly to the 1% & even more so to the top .1%. They've been biting off a bigger piece of the pie for decades. Table 5-

https://taxfoundation.org/summary-latest-federal-income-tax-data-2015-update

We simply haven't sought fair compensation for job loss from automation & offshoring, the very things that boosted their share.

It is my understanding that the collapse of the US labor and manufacturing market occurred so fast that huge swaths of people in manufacturing states haven't been able to adjust to this. It's not that there aren't new industries that can fill those jobs and give new wages (there are), just that it's not clear if they can replace all the jobs and also they tend to be located in places far away from where manufacturing once was (coasts and other blue states as opposed to old manufacturing strongholds in the Midwest). There also has been a disproportionate amount of political opposition to these new industries for similar reasons (they favor one political party rather than another)

 

[SlowSpyder]

Overall unemployment is down under Trump and workforce participation has inched up in the last year. Regardless of whether you support Trump or not, you should want these numbers to continue on their current trends. But I know there are a lot of partisan leftists here that put their agenda before America.

 

[K1052]

Overall unemployment is down under Trump and workforce participation has inched up in the last year. Regardless of whether you support Trump or not, you should want these numbers to continue on their current trends. But I know there are a lot of partisan leftists here that put their agenda before America.

Which just continued a trend. Most economists I've seen think that we're at or near full employment nationally.

 

[Sheik Yerbouti]

Overall unemployment is down under Trump and workforce participation has inched up in the last year. Regardless of whether you support Trump or not, you should want these numbers to continue on their current trends. But I know there are a lot of partisan leftists here that put their agenda before America.

he says with no sense of irony
trolls will troll

 

[cytg111]

It is my understanding that the collapse of the US labor and manufacturing market occurred so fast that huge swaths of people in manufacturing states haven't been able to adjust to this. It's not that there aren't new industries that can fill those jobs and give new wages (there are), just that it's not clear if they can replace all the jobs and also they tend to be located in places far away from where manufacturing once was (coasts and other blue states as opposed to old manufacturing strongholds in the Midwest). There also has been a disproportionate amount of political opposition to these new industries for similar reasons (they favor one political party rather than another)

Thats why sane countries is considering some level of basic income as something that will have to happen sooner or later.. There is enough wealth to go around just not enough jobs.. so either you kill off the part of the population that cant work anymore or you do basic income. Right now the US did the opposite... took all the wealth and shoved it in the direct opposite direction. Btw I am 1% too but what I want is an equal society for my children to inhabit going forward. Who cares about us, we dont matter.

 

[Jhhnn]

Which just continued a trend. Most economists I've seen think that we're at or near full employment nationally.

Pretty much, other than in regions blighted by the migratory predation of the Job Creators. There is the small matter of wages & vanishing share of national income for the middle class. What we're experiencing is the maximization of economic rents flowing to the investor class. It's tough for people to get ahead when they're not really keeping up... That's particularly true in a generational way. Those of us who are older benefit more from the vanishing vestiges of the New Deal than younger people.

 

[Puffnstuff]

Those of us who are older benefit more from the vanishing vestiges of the New Deal than younger people.

Equally sad are the Republican supporters railing against spending who simultaneously are benefiting from these very same programs. They want other people's benefits cut but not their own. The only folks truly benefiting from these present executive actions are the already wealthy. Greed is responsible for offshoring our jobs all in the name of increased profit margins.

 

[Bitek]

Overall unemployment is down under Trump and workforce participation has inched up in the last year. Regardless of whether you support Trump or not, you should want these numbers to continue on their current trends. But I know there are a lot of partisan leftists here that put their agenda before America.

Why would we want that when Ds have been doing all the heavy lifting for the last 8+ yrs?

Of course, Trump will have three things working against him.

1. We're nearing the end of the business cycle. Wages will finally move up as unemployment is so low. However growth will slow. Maybe a recession before the 1st term is up.

2. He's a fucking moron, and possibly a traitor.

3. His tax cuts won't do much, other than blow up deficit and make other agenda items harder to do. Infrastructure, remember that one?

 

[umbrella39]

Some people only learn the hard way.

Some not even then...

 

[Puffnstuff]

Some not even then...

Or ever.

 

[kage69]

Christian refugees to steel workers: welcome to the club!

 

[Jhhnn]

Why would we want that when Ds have been doing all the heavy lifting for the last 8+ yrs?

Of course, Trump will have three things working against him.

1. We're nearing the end of the business cycle. Wages will finally move up as unemployment is so low. However growth will slow. Maybe a recession before the 1st term is up.

2. He's a fucking moron, and possibly a traitor.

3. His tax cuts won't do much, other than blow up deficit and make other agenda items harder to do. Infrastructure, remember that one?

It destabilizes the economy with hot money chasing returns. Couple that with some nice financial de-regulation to get the full roller coaster effect. Wall St loves the roller coaster.

 

[Engineer]

It destabilizes the economy with hot money chasing returns. Couple that with some nice financial de-regulation to get the full roller coaster effect. Wall St loves the roller coaster.

Especially when the government is at the bottom pushing them back up the incline.

 

[BoomerD]

Especially when the government is at the bottom pushing them back up the incline.

Yep...privatize profits...socialize losses...