President Trump: The NEW one and only politics thread

Absent the bailouts, how much of the American automotive sector would have survived?

 

I haven't suffered a bit and, frankly, I don't think you have a clue what suffering even means.

Auto bailout saved 1.5 million U.S. jobs -study

CAR estimated that a complete shutdown of the industry that was bailed out in 2009 would have resulted in the loss of 2.63 million jobs and those losses would still have stood at more than 1.5 million in 2010. If only GM had been shut down, the job losses would have been almost 1.2 million in 2009, shrinking to 675,000 in 2010.

While U.S. Treasury's final loss on the bailout is estimated at $13.7 billion including $11.8 billion related to its investment in GM, it avoided the loss of $105.3 billion in unemployment benefit payments and the loss of personal and social insurance tax collections, according to CAR.

In the GM-only scenario, the lost tax collections would have totaled $39.4 billion, according to CAR.

CAR said the study did not take into account the benefits of preserving the pensions of almost 600,000 GM and Chrysler retirees as well as industry research and development jobs.

 

Loving this.

If he signs up Heitkamp and Mancin for his cabinet, he picks up two Senate seats.

2018 was already going to be a tough year for Senate Dems. Given how much Senators hate serving in the minority, I think we'd see some decide to not even seek reelection.

 

Keeping 1,000 jobs - while another 1,000 go to Mexico - doesn't refute what he said.

Technology has killed as many American jobs over the past couple of decades as globalization.

 

I can see this happening well before Heitkamp. Uncle Joe was going to struggle to keep his seat anyway, and he's a true believer when it comes to Big Coal, even if the bulk of those jobs are never coming back to W.Va.

 

The questioner specifically referenced Carrier.

Trump referenced Carrier on the campaign trail. Obama's answer was specifically in response to this.

Trump just did save jobs at Carrier.

Now, we can debate whether or not whether this is a good thing, or if this specific deal was a good one, but Trump did what he said he would, and what Trump said he couldn't do.

And, despite the best efforts of the media, people are enthused by the deal. The workers at Carrier whose jobs were saved are especially enthused by it.

 

Heitkamp won't win re-election.

If Trump offers her the job, this gives her a safe out. Why wouldn't she do it?

 

I forget that words only mean what you want them to mean. So when Obama said those "aren't coming back," he really meant "there's no way to prevent half the jobs from going down there."

 

I'm skeptical of whether this won't prove to be a Pyrrhic victory in the end and I certainly don't think it is a replicable, sustainable model for the economy writ large, but I don't blame those plant workers for celebrating. Not one damn bit.

 

The folks at Carrier believe that their jobs were gone, and have come back.

Fight the semantics if you want, but Trump won this one.

 

Half won. Since half the jobs are still heading south.

(And Carrier will probably use the tax break to invest in robotics that eliminates a lot of the saved jobs.)

 

Well, it might not be "fake news" but it sure isn't "real news".

This isn't even up to BuzzFeed's standards.