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I think Trump ought to lead the way and move all of his orders for new goods to American companies to manufacture them domestically. That is the only way I'll believe he's interested in American jobs.
Trump, however, is all about Trump. Screw America.
But what of all the Americans who would lose if Trump moved all his orders to domestic manufacturers? Like American importers for example? No matter? I wonder how many Americans work at all those foreign car dealerships; as managers, salespeople, accountants, detailers, mechanics...
China’s economy is utterly dependent on cheap fossil fuels, specifically coal. Their coal plants don’t even have pollution controls.
This too is part of the story that politicians simply will not tell, certainly not Trump...
We have been using cheap fossil fuels and becoming a top industrial power all this time while other countries were far behind. The damage done to the environment already is subject to debate, but there is no question to whatever extent the damage has been done, America has been leading the way for a long time now. Also we have been taking advantage of shifting our "dirty practices" to where foreign regulations (or lack thereof) have allowed us to have our things built cheaply and environmentally irresponsible overseas, then brought here for sale in America in nice clean shiny packages. Can you say electronics for example?
This is what lots of American politicians can't talk about as a rule, but you can bet that as other countries begin to become more sophisticated about these environmental concerns and further advanced as producers, traders, America is not going to get a "free pass" going forward!
Even if he inherited . Why do so many lottery winners go broke ?
You don’t build and maintain a multi billion dollar company with thousands of employeee without business sense.
As a native New Yorker, I've been aware of his shenanigans for years. He's a gambler that inherited his bankroll. When something goes well, he takes all the credit. When something goes wrong, he throws everyone else under the bus: stiffing partners, customers, vendors, etc.
If he didn't have his dad's connections and money to start out, he probably would have washed out pretty quickly.
Even if he inherited . Why do so many lottery winners go broke ?
You don’t build and maintain a multi billion dollar company with thousands of employee without business sense.
Interesting question that deserves a little thinking about...
For starters, picking lottery winners is not really a good comparison to Trump's circumstances, and the problem lottery winners have are far different. You would do better if the idea is to compare "apples to apples" by looking at how people born into wealth tend to remain wealthy.
"It's impossible to say for certain; however, the research is pretty clear that children born to wealthy families are far more likely to be wealthy in adulthood than those born into lower wealth - and by substantial margins."
One of the problems faced by lottery winners, ironically, is they are not born into wealth. The sudden wealth is a shock to their system, unprepared, and they suddenly become depressed and taken advantage of. A rather weird and extremely rare dynamic all considered, unlike Trump's circumstances.
I wouldn't say that Trump doesn't have a "business sense," but I also don't have the admiration for his accomplishments like someone who had to worry about failure or money in the early going. Once successful (and one could argue that Trump was born successful), it's much easier to maintain success, because having money simply makes it easier to make more.
In any case, a "business sense" is just one of the important attributes we should expect from a POTUS and business is really not rocket science when you think about it. You don't have to have run a business to be successful in government any more than you have to have had military experience to be the Commander-in-Chief. Right? Or how would you rank Trump in that respect then...?
Leadership skills, vision, is what we hope in our POTUS, and Trump never had to deal with the likes of a publicly held company. He owned the thing from the beginning, like a King more than a President does...
Things change and Opinions should change also with new information.
The GOP has committed suicide by signing the funding bill. The Dems are sure to take power in the future IMO. Trump was the best until he wasn't. Its my opinion to never get stuck on anything and never be afraid to recognize change. Be decisive and take action to always preserve funds.
Based on this opinion and information investors know there will be more job killing regulations coming. More business killing policy's and agenda to pick an industry and regulate it out of existence.
From Keith Ellison a recent example :
He even suggested a form of “maximum wage”—taxing executives more if they made more than, say, 20 times more than the people who make the products and perform the services at their companies. “This idea that you can leave people in poverty as you are stacking up dead presidents like nobody’s business has got to come to an end,".
Business investment won't be attracted here with these kind of statements and policy's.
After it was announced that the funding bill was signed. I'm on the side line and will look at this as a new bear market. I'm going to be paying attention to all things related to business and consumer confidence for awhile.
It's probably a little easier when you can inherit your dad's real estate empire.
$200 million does make things a bit simpler. If you run a poker game in your garage they arrest you for gambling. If you open a huge business to legally fleece everyone who comes through the doors andrig it so that you can't possibly lose, you're an asset to the community.
But what of all the Americans who would lose if Trump moved all his orders to domestic manufacturers? Like American importers for example? No matter? I wonder how many Americans work at all those foreign car dealerships; as managers, salespeople, accountants, detailers, mechanics...
That's the nature of business. Some win, some lose. If you are going to promote American manufacturing and campaign on creating American jobs, put your money where your mouth is or present yourself to the world as a consummate liar. Trump has proven he is a liar, and we have empirical evidence of it with every tie and shirt that arrives in an American store with a Chinese or Taaiwanese or Bangladeshi label in it.
BTW - ALL automobiles have foreign content. In the 1980s an automobile had to have greater than 50% of its components built domestically to be called an American auto. All of that has changed now. Outside the big steel parts, I would imagine that 90% of the smaller components come from overseas.
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