yellen not with Trump on $1 trillion infrastructure spending

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You can have 100 world class experts around and one idiot boss. And still it we be enough to ruin the business. Logic 101.

Germany under Hitler in WWII is a good example of how one man can ruin a good competent organization.

After the battle of Moscow, another idiot boss Stalin took a back seat to military matters and tide turned decisively in the favor of Soviets. This idiot was the main reason behind the Purge of the Red Army in 1930s and his nose meddling in early days of WWII resulted in many serious defeats resulting in Nazis coming to within kilometers of Moscow.

Many other examples in history where a good or bad boss was the main or major factor behind the outcome of episode, both in politics and business situations.

Coming back to Trumpets, one thing that baffles me is his "flip flop" stand on various people. Nikki Haley, he called her a shame for South Carolina and now appointed her as the US Ambassador to UN. Mitt Romey, a man who called him names of many sorts is being considered to Sec. of State.

Mr. Trump has not yet proven as to how will he bring jobs back to US from China and how will he pay for $1T of infrastructure spending planned........other than printing money ofcourse.

 

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Mr. Trumpets should force the Trillions in offshore accounts held by US companies and SuperRich familes to be brought back to the US............to create jobs in infrastructure, R&D and investment into other growth areas. Ofcourse more importantly, use a chunk to pay off the national debt and give some relaxed nspace to throw "investment" punches for the economy.

http://www.cnbc.com/2015/10/06/us-companies-holding-21-trillion-offshore-profits.html

There's enough cash sitting in offshore bank accounts to wipe out the federal deficit — if only it was subject to U.S. taxes.

That's because U.S. companies are saving some $620 billion by parking profits outside the country, according to the latest accounting from Citizens for Tax Justice and U.S. PIRG Education Fund.

At least 358 large U.S. companies collectively maintain 7,622 separate overseas subsidiaries holding $2.1 trillion in profits, the group said in a report Tuesday. (The estimated tax bill comes from corporate regulatory filings.)

 

[viruscore1]

Mr. Trumpets should force the Trillions in offshore accounts held by US companies and SuperRich familes to be brought back to the US............to create jobs in infrastructure, R&D and investment into other growth areas. Ofcourse more importantly, use a chunk to pay off the national debt and give some relaxed nspace to throw "investment" punches for the economy.

http://www.cnbc.com/2015/10/06/us-companies-holding-21-trillion-offshore-profits.html

There's enough cash sitting in offshore bank accounts to wipe out the federal deficit — if only it was subject to U.S. taxes.

That's because U.S. companies are saving some $620 billion by parking profits outside the country, according to the latest accounting from Citizens for Tax Justice and U.S. PIRG Education Fund.

At least 358 large U.S. companies collectively maintain 7,622 separate overseas subsidiaries holding $2.1 trillion in profits, the group said in a report Tuesday. (The estimated tax bill comes from corporate regulatory filings.)

Hey if you work overseas and earn $ and pay taxes over there. Would you pay additional taxes here? Now if you build something offshore and bring it back to sell here because you saved labor expense, there should be some kind of import duty to protect american jobs. Fair trade. And if you import foreign labor to work cheaper, there should be foreign labor duty. The current system is broken, only the elite benefit. There is no shortage of local skilled worker, just a shortage of local skilled workers willing to work for low wages. All the savings are pocketed by greedy corporations paying off the existing administration, get rid of lobbyist (and administration). Nothing for the masses, just under employment. On a side note, this motivates my kind to create trading bots.

 

[curiousGeorge8]

Me think Trump has already forgot his promises by now.

Now Wilbur Ross will become the Commerce Secretary. Do you guys have insight about this guy? What is his view on international trade?

To answer my own question, Ross owns some textile factories in China.

To give one a clue about keeping jobs in US, this guy did something interesting in the early 2000, when he bought several steel companies on the verge of bankruptcy. He then turned around to lobby the US government to impose stiff tariff on Chinese steel imports, which propped up the steel prices in US (Which made other business which were dependent on cheap steel imports angry). Then this guy sold his steel companies to Mittal of India at a huge profit.

 

[felixbocharov]

Germany under Hitler in WWII is a good example of how one man can ruin a good competent organization.

After the battle of Moscow, another idiot boss Stalin took a back seat to military matters and tide turned decisively in the favor of Soviets. This idiot was the main reason behind the Purge of the Red Army in 1930s and his nose meddling in early days of WWII resulted in many serious defeats resulting in Nazis coming to within kilometers of Moscow.

Many other examples in history where a good or bad boss was the main or major factor behind the outcome of episode, both in politics and business situations.

Coming back to Trumpets, one thing that baffles me is his "flip flop" stand on various people. Nikki Haley, he called her a shame for South Carolina and now appointed her as the US Ambassador to UN. Mitt Romey, a man who called him names of many sorts is being considered to Sec. of State.

Mr. Trump has not yet proven as to how will he bring jobs back to US from China and how will he pay for $1T of infrastructure spending planned........other than printing money ofcourse.

That's the truth. Slowly he backs off on almost all of his promises. And he isn't even the president yet. We'll see what happens during his first 100 days.

 

[felixbocharov]

not sure where your logic come from. If the boss is an idiot, how did he become the boss? Is he loyal to his superiors? Or is he really smart, maybe both. Based on your logic he must be smart but your calling him an idiot. Now this is typical libtard thought process hard at work...

I have the same questions about Mr.Trump. (only joking)
Coming back to your answer, do you really believe that all bosses are great and smart?

 

[viruscore1]

I have the same questions about Mr.Trump. (only joking)
Coming back to your answer, do you really believe that all bosses are great and smart?

regardless how stupid you think they are, they're smart enough to be your boss. And if he's really smart and you under mind him due to lack of loyalty. In other words back stab him. He has every right to kick you to the street. You're fired!!!

 

[931]

Germany under Hitler in WWII is a good example of how one man can ruin a good competent organization.

According to some sources before germany was in ruins ,awful stuff was going on.
From Hitler the autobahn road network still remains , it very nice and fast system. I think it work mostly efficient because of people and ordnung. It may not work in usa or russia.

House always wins , its their rules in there lol.
But does Trump hold the trump cards?

 

[felixbocharov]

regardless how stupid you think they are, they're smart enough to be your boss. And if he's really smart and you under mind him due to lack of loyalty. In other words back stab him. He has every right to kick you to the street. You're fired!!!

OMG! Time will judge, but the problem is I don't want to suffer the consequences of Trump's failure (which is inevitably going to happen), 'cause I didn't choose him.

 

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Mr. Trumpets is all yap yap and the stupid public bought it. He has no real or practical agenda to bring US out of the financial mess.

He will spend alot on infrastructure programs financed by printing more money and say that he has created lots of jobs. He will further spend more on defense and related nonsense. This all by printing money and piling more debt. This will be inflationary economics which will erode the value of dollar.

Then he will turn around and ask creditors to restructure the debt or end up with weakened dollar worth only a dime vrs when they bought the debt years ago.

Then he will turnaround in his flambouyant ways and Trumpet that he squashed the US debt, created jobs........and Made America Great Again.

2/3rds of US debt is owned by internal US entities, 1/3rd by foreign nations with China and Japan at around $1T each. In this bold process of inflation economics and gunslinging with debt, how many households he will destroy and what level of chaos will be unleashed...........is out of any imagination. Will have to be dealt with when it actually hits the windshield.

Instead new President in the WH, should cut defense, cut healthcare costs, cut wasteful social programs, cut foreign aid, where ever reasonably possible force trade partners to buy more US goods than from China and save upto $1Trillion a year and put these funds into "infrastructure" related projects to create jobs and fuel domestic consumption. This will create economic growth, higher stock markets..............means more internal tax revenues plus more foreign money in the US markets paying taxes on the capital gains.

Finally, if need be, send several Platoons of Delta Forces and Navy Seals to "tax haven banks" and force them to wire the several trillions held by US companies and Super Rich 1% individuals/families. All this money set aside to pay for the debt interests annually or invest into growth industries.