patrick.net

It's all Obama's Trump's Fault!

Krugman, November 9th.

It really does now look like President Donald J. Trump, and markets are plunging. When might we expect them to recover?
...
So we are very probably looking at a global recession, with no end in sight. I suppose we could get lucky somehow. But on economics, as on everything else, a terrible thing has just happened.

https://www.nytimes.com/interactive/projects/cp/opinion/election-night-2016/paul-krugman-the-economic-fallout

anonymous says

And this is helping the laid off workers of Rexnord, Carrier and all of those still working two and three jobs at minimum wage or pennies above how?

If they are working 2 or 3 jobs at minimum wage, they have a lot BIGGER personal problems than the stock market.

anonymous says

And this is helping the laid off workers of Rexnord, Carrier and all of those still working two and three jobs at minimum wage or pennies above how?

You mean the many, many thousands of new jobs Broadcom, Toyota, Nissan, Trans-Lux (LED/LCD manufacturer), Foxconn, etc. are bringing in?

What jobs did Obama save? Or did he basically say "Suck it and try to pick pumpkins for less than a Mexican, evil White Trash Suckers?" when a plant closed?

(Re-edit to add back in:

Contractors and Construction People who voted overwhelmingly for Trump: The same guys who often make the purchasing decisions or at least have key influencer roles for HVAC systems. I sure will.)

TwoScoopsMcGee says

he same guys who often make the purchasing decisions or at least have key influencer roles for HVAC systems. I sure will.

Exactly! Plenty of blue collar guys who’ve risen to leadership roles order parts for their departments or crews. I know I won’t be ordering Carrier anymore. This is MAGA from the blue-grassroots!

anonymous says

If the U.S. were to enact a 35% tariff on light vehicles imported from Mexico, the Center for Automotive Research in Ann Arbor estimates Americans would buy or lease 450,000 fewer vehicles over a year. That would lead to a loss of nearly 6,700 North American assembly jobs.

Yes, the Think Tank funded by Automobile Multinationals who want Wage Arbitrage calculate only the jobs lost, not the tens of thousands or possibly hundreds of thousands of jobs created when production relocates to the USA.

Why, it'll be a disaster because Ex Rectum Numbers!

You realize the US is a car based country an in 90% of the nation (at least) there is no substitute to driving to work.

Did they calculate how much their subsidies and tax breaks cost in jobs? Heh, no. If they did such a thing, they'd use ex rectum numbers to find it created many more jobs and tax revenue than it cost, of course.

Neoliberalism has failed to produce a better life for at least 50% of the country, probably closer to 80%. Failed policies must be repealed, or the country falls further into the hands of Unelected Oligarchs like Jeff Bezos and Carlos Slim.

Friends, if we impose these new child labor regulations, all of American Industry will collapse.

The Center Against Laziness and the Campaign To Stop The Devils Hands Amongst Our Youth has calculated that preventing 9-year olds from hauling slag up from the mines will cost almost $53M Silver Dollars per annum, and indeed my fellows, transmit woe and destruction faster than the speed of Telegraph Wires across the Fruited Plain! Dear Sirs, we ask that you fight the scourge of Youthful Frivolties and Vanities! Certainly, without plentiful employment in our Fine Textile Mills and Copper Mines, youths will soon be fornicating and overinduldging in Whiskey, rather than growing strong and continent under the justice of a Firm Hand by Management at fruitful Labor

"Put our Prepubescents to Work, Today and Everyday"

anonymous says

Where are those Foxconn jobs in Wisconsin ?

Hold on, they just signed the deal.

It'll probably arrive sooner than the Shovel Ready jobs did.

anonymous says

This is helping all those coal miners who voted for Trump how ?

I hope nothing is helping the coal miners. They need to train for the solar panel business.

Thank you Obama!