Don't know the details of the Carrier deal and what if any it will cost taxpayers. I would billing willing to bet that it will be much more beneficial than the half billion + Obama basically gave Solyndra
It is also funny this is even a thing considering 1,000 jobs is a rounding error.
So we basically have the president intervening in private business for no meaningful national purpose to save a meaningless number of jobs.
Smart move. The incompetence is unbelievable.
This is really nothing new for Indiana. They've been on a business poaching spree for a while. Pence has aggressively gone after them by lowering corporate tax rates. They picked up a lot of IL companies over the last few years. Wouldn't be surprised if this was something in the works for a while now to be used as credit card when needed.
http://www.usatoday.com/story/money...rs-poach-jobs-mike-pence-rick-perry/11125529/
This is really nothing new for Indiana. They've been on a business poaching spree for a while. Pence has aggressively gone after them by lowering corporate tax rates. They picked up a lot of IL companies over the last few years. Wouldn't be surprised if this was something in the works for a while now to be used as credit card when needed.
http://www.usatoday.com/story/money...rs-poach-jobs-mike-pence-rick-perry/11125529/
Kind of like Amonix Solar, Solar Trust of America, Bright Source, Solyndra, LSP Energy, Energy Conversion Devices, Abound Solar, SunPower, Beacon Power, Ecotality, A123 Solar, UniSolar, Azure Dynamics, Evergreen Solar and Ener1?It distorts the markets, and is contrary to equal protection of law, to have the president pick a company and give it special treatment for his own PR reasons.
REP. MIKE PENCE (R), INDIANA: It's a fair question. I strongly opposed the $700 billion bailout, and today with 150 Republicans, we strongly opposed this $15 billion bailout to Detroit.
Look, Alan, the American people know we can't borrow and spend and bail our way back to a growing economy or a healthy domestic automotive industry.
Kind of like Amonix Solar, Solar Trust of America, Bright Source, Solyndra, LSP Energy, Energy Conversion Devices, Abound Solar, SunPower, Beacon Power, Ecotality, A123 Solar, UniSolar, Azure Dynamics, Evergreen Solar and Ener1?
Or is that somehow different?
Kind of like Amonix Solar, Solar Trust of America, Bright Source, Solyndra, LSP Energy, Energy Conversion Devices, Abound Solar, SunPower, Beacon Power, Ecotality, A123 Solar, UniSolar, Azure Dynamics, Evergreen Solar and Ener1?
Or is that somehow different?
Kind of like Amonix Solar, Solar Trust of America, Bright Source, Solyndra, LSP Energy, Energy Conversion Devices, Abound Solar, SunPower, Beacon Power, Ecotality, A123 Solar, UniSolar, Azure Dynamics, Evergreen Solar and Ener1?
Or is that somehow different?
Why would you cherry pick one bad loan out of an overall very successful program?
https://www.washingtonpost.com/poli...960214d4cd7_story.html?utm_term=.f0b873dbb33c
You should really go out and say this to one of the people who is not losing their jobs face, I would love to see that reaction.
The link describes a sucess story for a business that employs 75 people and mentions all the other benefits that can arise from it ( Dollar General, Motel being built nearby etc) Now if the Carrier deal can keep 1000 people employed you should see even more benefit to the local economy in that area ( I'm sure a sizable portion of those 1000 employees will be spending money for lunches at local establishments, purchasing more goods/services than they would be if unemployed)
btw I chose Solyndra because it was a big failure ( It could be kind to say the true cost was 500+ million. I have seen reports as high as 850 million)
I for one hope the Carrier deal is a great success for current employees, Carrier, taxpayers, Trump admin.
I don't think you really understand what happened with Trump.I'm not predicting gas chambers, but all the anger and lies and division being spread by Trump and Co has to go somewhere. It will not be without consequence. That's just not how nature works. Add in the fact that Trump is just riding a global wave of the same kind of nationalist populism using the same tactics of lies and division.. and I'm predicting serious geopolitical instability within the next 2 years.
Glad to hear you hope it works out.. Trump isnt president yet and who know how much he had to personally intervene.It describes an overall successful program that in the end MADE money for the federal government. Some loans go bad, as that's the nature of lending money. If you're in the mortgage business if an individual home loan defaults that's irrelevant. The important part is that your portfolio is successful overall. This is why I don't understand why you would mention a $500 million loss that was part of a program which was on the whole both successful in its goal and profitable.
I hope everything turns out great for these people too, but it seems like an awfully large waste of the president's time to do things like this and him personally intervening creates further potential of corruption for a guy who is already up to his ears in potential corruption problems.
Can't wait for the excuses when construction on the gas chambers start. The goebbels wannabes just getting warmed up.
You don't understand , it's only bad when a Republican does something like that.Kind of like Amonix Solar, Solar Trust of America, Bright Source, Solyndra, LSP Energy, Energy Conversion Devices, Abound Solar, SunPower, Beacon Power, Ecotality, A123 Solar, UniSolar, Azure Dynamics, Evergreen Solar and Ener1?
Or is that somehow different?
Welcome to P and N.How in the world are you guys arguing over something you know nothing about (yet)? I will wait to judge on this one until I see how the deal was struck and who is getting what.
Glad to hear you hope it works out.. Trump isnt president yet and who know how much he had to personally intervene.
* btw do you have any links showing how much $$ the govt made regarding the program that included Solyndra and others?
Perhaps blue states could lead by example. The LA Times has recently been featuring stories on how 20% of city tax revenues are going towards pension obligations for public employees. 20%!!! The product of decades of collusion between Democrats and unions. We are talking about people retiring in their 50s with 6-figure near full salary entitlement benefits.Allowing states to race to the bottom while filling budget shortfalls from the federal kitty (ie other states) is a perverse incentive. Too bad liberals only ever want to appease shitstain behavior instead of nip it in the bud.
How in the world are you guys arguing over something you know nothing about (yet)? I will wait to judge on this one until I see how the deal was struck and who is getting what.
One political party criticizes the other for doing something it was previously in favor of. News at 11.Well conservatives were extremely angry about that so I assume you are enraged about this as well?
Perhaps blue states could lead by example. The LA Times has recently been featuring stories on how 20% of ciry tax revenues are going towards pension obligations for public employees. 20%!!! The product of decades of collusion between Democrats and unions. We are talking about people retiring in their 50s with 6-figure near full salary entitlement benefits.
We've become a welfare society.