5 most difficult promises for Trump to keep

[frigidweirdo]

The 5 Easiest and 5 Most Difficult Promises for Donald Trump to Keep

Prevent American companies from moving jobs to other countries.

Companies move to other countries to pursue higher profits, and Mr. Trump cannot force them to stay. The question is whether he can make it profitable to do so. It is difficult because labor is much cheaper in other countries. Carrier pays workers at its Indiana factory an average hourly wage of $23 — roughly four times what it plans to pay workers with the same jobs in Mexico.

Mr. Trump has promised tax cuts and regulatory relief, but those are minor expenses for most companies, particularly in comparison to their payrolls. Mr. Trump also has threatened to impose new taxes on imports, but he cannot target particular companies. Any such tariffs would have to be broad — and therefore broadly painful.



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He'll essentially put US companies out of business, or those that operate already in the US, making only those who have left already to be competitive, or foreign companies. He really didn't think this one through much.

In practice, it looks like Trumps policies will only result in inflation as manufacturers pass on the cost of tariffs.

Even with a 35% tariff, it is still cheaper to manufacture abroad

Yeah, you'd think someone in his position would have learned about inflation by now.

 

[Onyx]

‘From 1790 to 2000, U.S. real GDP growth averaged 3.79 percent,’ entrepreneur Louis Woodhill explained at RealClearMarkets. He expects final figures to show that ‘2015 will have been the tenth year in a row that real GDP growth came in at under 3.0 percent.’
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So the goalposts have shifted from nominal GDP growth to real GDP growth. Did you realize that real GDP is not an accurate representation of the state of the economy since it is measured to inflation?

 

[rightwinger]

The 5 Easiest and 5 Most Difficult Promises for Donald Trump to Keep

Prevent American companies from moving jobs to other countries.

Companies move to other countries to pursue higher profits, and Mr. Trump cannot force them to stay. The question is whether he can make it profitable to do so. It is difficult because labor is much cheaper in other countries. Carrier pays workers at its Indiana factory an average hourly wage of $23 — roughly four times what it plans to pay workers with the same jobs in Mexico.

Mr. Trump has promised tax cuts and regulatory relief, but those are minor expenses for most companies, particularly in comparison to their payrolls. Mr. Trump also has threatened to impose new taxes on imports, but he cannot target particular companies. Any such tariffs would have to be broad — and therefore broadly painful.



.

He'll essentially put US companies out of business, or those that operate already in the US, making only those who have left already to be competitive, or foreign companies. He really didn't think this one through much.

In practice, it looks like Trumps policies will only result in inflation as manufacturers pass on the cost of tariffs.

Even with a 35% tariff, it is still cheaper to manufacture abroad

Yeah, you'd think someone in his position would have learned about inflation by now.

Can't wait to see how Trump policies impact inflation which has been flat for over ten years