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The Founder of Panera Bread Explains the Obvious Economic Forces that Led to Trump


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2018 Nov 25, 9:34am   7,753 views  53 comments

by Patrick   ➕follow (60)   💰tip   ignore  

https://www.newyorker.com/business/currency/the-founder-of-panera-bread-explains-the-economic-forces-that-led-to-trump

The tension between long-term and short-term economic interests has become a favorite topic in policy circles in recent years, but the election of Donald Trump, in 2016, brought the implications into clearer focus. Much of Trump’s base is made up of white, rural voters; many of them have seen jobs disappear from their communities, while wages have stagnated for those still working. In the midterm elections, Democrats won at least thirty-eight additional seats in the House of Representatives (as of Wednesday), gaining a majority, but Republicans performed better than many people expected; high-school-educated voters came out, once again, strongly in favor of the party of Trump. According to Shaich, the resentment that these voters feel is a direct result of the quick-profits-over-all ethos that dominates economic thinking. “When we live in a world where we view value creation as the end, and not as a by-product, which is what short-term thinking lends itself to, we end up doing great damage to every other constituency, and that’s what ultimately drives back to the kind of ‘let’s rip down the establishment’ nihilism that in my view is at the core of Trumpism,” he said. “Trump is, ‘Hey, this isn’t serving me. I’ve been sitting here in Michigan and Wisconsin and Ohio, I thought I’d have a middle-class life if I went to work, and my kids can’t pay their student debt. I lost my manufacturing job and I’m making twelve dollars an hour in a service job. And these guys are closing every plant and squeezing every nickel out of the thing, and Wall Street gets rich. And I’m still living a tough life.’ ” He added, “Trump is a human hand grenade to blow up a society that isn’t working for big swatches of America.”


So the real cause, which liberals won't admit, is simply that millions of jobs have been exported to China, and millions of illegals have been imported from Mexico.

Instead, they just call suffering people "racist" over and over and over. Not a way to win friends and influence people who still (for now) have the right to vote.

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44   Automan Empire   2018 Nov 26, 6:42pm  

Patrick says
So the real cause, which liberals won't admit, is simply that millions of jobs have been exported to China, and millions of illegals have been imported from Mexico.


Liberals don't send jobs to China, and Liberals have been the ones warning about the consequences to American workers and wages when plants are literally dismantled and shipped to China machines and all. Capitalists, virtually all of them GOP voters and donors, are the ones shipping the jobs and pocketing the proceeds. This is about as antipodal to socialism as you can get. Tragically funny to watch Trump voters blame "the socialist left" for the actions of capitalism, while aiding and abetting the capitalist oligarchs like good useful idiots.

As for immigration, leaving the system broken as-is benefits oligarchs as well. Liberals are less about "bring in economic immigrants" than they are about "Don't lay the blame at the feet of the people who want the jobs while ignoring the traitorous Americans offering them under the table." Notice the way they showboat these stings of individual 7-11 stores that use a lot of resources and manpower to bust 1-2 illegals per location while ignoring jobsites like construction and meat packing where hundreds could be caught per location.

Tell us, what is the point of the gratuitous "that liberals won't admit" if not to assist nonliberals in not admitting their own gross misunderstanding of the issues and resulting complicity in the problems mentioned?
45   Bd6r   2018 Nov 26, 6:49pm  

Automan Empire says
Liberals don't send jobs to China, and Liberals have been the ones warning about the consequences to American workers and wages when plants are literally dismantled and shipped to China machines and all. Capitalists, virtually all of them GOP voters and donors, are the ones shipping the jobs and pocketing the proceeds. This is about as antipodal to socialism as you can get. Tragically funny to watch Trump voters blame "the socialist left" for the actions of capitalism, while aiding and abetting the capitalist oligarchs like good useful idiots.

As for immigration, leaving the system broken as-is benefits oligarchs as well. Liberals are less about "bring in economic immigrants" than they are about "Don't lay the blame at the feet of the people who want the jobs while ignoring the traitorous Americans offering them under the table." Notice the way they showboat these stings of individual 7-11 stores that use a lot of resources and manpower to bust 1-2 illegals per location w...

dog and pony show, both sides unite to screw over blue collar workers. I still have not seen a good explanation from the Right why the E-verify has not been introduced. From left, what I hear is that "no human being is illegal" which does not help either
46   MisdemeanorRebel   2018 Nov 26, 6:52pm  

d6rB says
dog and pony show, both sides unite to screw over blue collar workers. I still have not seen a good explanation from the Right why the E-verify has not been introduced. From left, what I hear is that "no human being is illegal" which does not help either



There is no excuse. The GOPe, the Flake, Ryan, and Mittens types, are as equally dedicated to no E-Verify as the Democrats.
47   MisdemeanorRebel   2018 Nov 26, 6:53pm  

Automan Empire says
Liberals don't send jobs to China, and Liberals have been the ones warning about the consequences to American workers and wages when plants are literally dismantled and shipped to China machines and all. Capitalists, virtually all of them GOP voters and donors, are the ones shipping the jobs and pocketing the proceeds

"Those Manufacturing Jobs aren't coming back".

They didn't vanish, they went to China. Dems literally did nothing when they controlled the House to retaliate for Chinese unfair trade practices. They threw money at GM with no mandate that they save US jobs first, for example.

Their Chinese and Big Tech Company donors (esp. Amazon) wouldn't allow that.
48   MisdemeanorRebel   2018 Nov 26, 6:55pm  

Automan Empire says
As for immigration, leaving the system broken as-is benefits oligarchs as well. Liberals are less about "bring in economic immigrants" than they are about "Don't lay the blame at the feet of the people who want the jobs while ignoring the traitorous Americans offering them under the table." Notice the way they showboat these stings of individual 7-11 stores that use a lot of resources and manpower to bust 1-2 illegals per location while ignoring jobsites like construction and meat packing where hundreds could be caught per location.


Democrats also didn't fix the "Investor" scam, where one family member buys a service company, gets a visa and tax benefit, then sells it on to another family member once the tax benefits expire and the citizenship is permanent. Gas Stations, Convenience Stores, and "less than 40 Room Hotels" across the country, none of which require international capital to function and almost all were pre-existing enterprises when pruchased by an "investor" from South Asia.
49   LastMan   2018 Nov 26, 7:06pm  

Patrick says
So the real cause, which liberals won't admit, is simply that millions of jobs have been exported to China, and millions of illegals have been imported from Mexico.


This isn't new. It's been going on for decades regardless of who is in power. So far I'm unconvinced that Trump is actually accomplishing anything to counter the trend. If Trump can get something vaguely resembling a balanced budget and finalized trade deals, and still see decent employment numbers, then I'm on board with Team Trump. Right now all I'm seeing is big time Keynsian deficit spending combined with low interest rates goosing the economy.
50   marcus   2018 Nov 26, 9:04pm  

Fortwaynemobile says
fuck the private sector employees who can barely afford taxes.


Public sector employees can't afford taxes any more than private sector employees, and they usually make less.

Arguing for public sector compensation to be lowered is exactly what the oligarchs want you to argue.. Because then after = they lower our pay, they can cut private sector pay more too. It's a race to the bottom. Funny you guys are always accusing liberal of being envious of the rich. Sounds like projection.


mell says
Facts don't lie


Yes right. BY your reasoning, if he had ever done any type of criminal behavior, as a teen, then he deserved to have a seriously emotionally challenged drug addict come up on him and instigate a fight and then kill him.

Speaking of facts. You clearly have never perused the facts on Zimmermean. Now that guy fits the description of a thug.

MY theory is that Zimmerman's neighborhood watch role was a cover for his burglery activities to cover his coke (or what ever his speedy drug of choice was). Killing Martin was a way for him to direct attention away from himself for the crimes he had committed.

https://www.actionnewsjax.com/news/local/george-zimmerman-threatens-to-feed-man-to-gator-over-trayvon-martin-movie-deputies-say/745430416

https://newsone.com/2016433/george-zimmerman-drugs/
51   MrMagic   2018 Nov 26, 9:27pm  

marcus says
Speaking of facts.


marcus says
Public sector employees can't afford taxes any more than private sector employees, and they usually make less.


Facts.... OK, since you asked:

...."Overall, total compensation for federal workers was 17 percent higher, on average, than for comparable workers in the private sector during 2011-2015, CBO found. It was 16 percent higher for the period of 2005-2010, the budget office found in its earlier study.

The cost of providing benefits for federal civilian workers from 2011-2015 was estimated to be 47 percent higher on average than for comparable private sector employees."

https://www.govexec.com/pay-benefits/2017/04/overall-public-private-sector-compensation-gap-has-widened-cbo-finds/137324/

Still think public sector makes "less"?
52   curious2   2018 Nov 26, 10:15pm  

MrMagic says
total compensation


There is also less accountability. Government jobs tend to be staff jobs, and subject to the psychological dramas and office politics that can afflict staff jobs, but they tend to lack the accountability that the private sector tends to have. For example, it seems almost anyone can claim to be a public school math teacher, but private tutors have to struggle and compete with online services. The private tutors are often working harder for less, especially if they have to compete with illegal immigrants.
53   CBOEtrader   2018 Nov 27, 4:32am  

APHAman says
marcus says
He has a lot of hate towards me, becasue of times I corrected him in the past... His posts about me are almost 100% lies... I saw several lies and the sad comment about my being upset becasue I failed at trading. (by the way - it's true I'm not a floor trader since 1993 which I guess is the basis of that comment


Anyone who left the floor 25 years ago is a winner. Not a joke. That place sucked the life out of half the professionals i knew in my 20's. Chicago is littered w the remains of actual failed traders. Marcus deserves applause for finding a normal career path starting at a place like the trading pits.

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