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Old 02-06-2020, 05:35 AM
 
Location: Florida
76,971 posts, read 47,752,329 times
Reputation: 14806

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Quote:
Originally Posted by scarabchuck View Post
Sorry, I don't share your negativity. Here in the metro Detroit area things seem to be going great. We've had some new plants being built , which is a huge boon to our local economy. I see more and more commercial and residential construction happening. Everyone I know is employed, and quite a few people are even working overtime. The people I know in sales are doing good. Every business owner I know is doing great, the only complaint being they have a hard time finding help. My wife is in the wealth management industry and the past few years have been great, with this one looking to be better than the last. We both got raises this year and our home value has gone up enough , and the rates being low, we decided to buy another and move.

Again, it's pretty hard to be negative.
I am glad you are happy, but is there a point in pretending the stock market was in the doldrums under Clinton and Obama, when facts prove the market did better under them than now? People try to imitate Trump's talk where lies replace truth even on casual issues, but on a forum like this it is called out and people end up looking dishonest.

 
Old 02-06-2020, 05:42 AM
 
Location: Long Island
57,410 posts, read 26,359,432 times
Reputation: 15709
The stock market has set records each year for the last 10 years but now its some sort of Trump accomplishment. Besides as has been mentioned a large majority of the gains goes to the top since they have the most wealth. It is not a good indicator of middle class gains.
 
Old 02-06-2020, 05:47 AM
 
29,617 posts, read 14,763,799 times
Reputation: 14514
Quote:
Originally Posted by Finn_Jarber View Post
I am glad you are happy, but is there a point in pretending the stock market was in the doldrums under Clinton and Obama, when facts prove the market did better under them than now? People try to imitate Trump's talk where lies replace truth even on casual issues, but on a forum like this it is called out and people end up looking dishonest.
My reply was more towards that posters comment about how corporations are doing great but people aren't .
 
Old 02-06-2020, 05:48 AM
 
Location: Barrington
63,919 posts, read 46,846,216 times
Reputation: 20675
Quote:
Originally Posted by andywire View Post
And gifted money to Iran, sold uranium to the Russians, etc, etc. The democrats truly are the boogeyman they loathe so.
Gifted?

The EU and US Central Banks returned Iran’s own money.

If this bothers you, you must be really sore at the Carter and Reagan Admkns who returned most of Iran’s frozen assets 40-41 years ago.
 
Old 02-06-2020, 05:49 AM
 
Location: Barrington
63,919 posts, read 46,846,216 times
Reputation: 20675
Quote:
Originally Posted by silverkris View Post
Uh, no. Corporations make the decisions to offshore or offsource functions. Presidents don't.
You mean like Trump Org?
 
Old 02-06-2020, 05:53 AM
 
Location: Barrington
63,919 posts, read 46,846,216 times
Reputation: 20675
Quote:
Originally Posted by boneyard1962 View Post
Be honest. Presidents impact decision making. Laws impact business decisions. The flood gates opened up on Clinton's watch and no honest person can possibly deny that.

Our federal government sold out we the people. Trade deals that favor foreign countries and businesses. Deals that make it cost effective to relocate abroad. Come on, businesses don't write and pass laws, they take advantage of the laws passed by elected reps. Corporations make decisions to offshore when Our government happily makes it more profitable to do so.....
No law prevents a business from offshoring.
 
Old 02-06-2020, 05:56 AM
 
Location: Former land of plenty
3,212 posts, read 1,657,671 times
Reputation: 2017
Quote:
Originally Posted by boneyard1962 View Post
Speaking for myself my portfolio just about doubled in the last 3 years. I don't give Trump the credit for that. My Apple stock is through the roof as is my Homedepot and a few others.
You can thank FEMA for the rise in the Home Depot stock as the government gives free stuff to climate change ravaged red states.
 
Old 02-06-2020, 05:58 AM
 
Location: Long Island
57,410 posts, read 26,359,432 times
Reputation: 15709
Quote:
Originally Posted by boneyard1962 View Post
Be honest. Presidents impact decision making. Laws impact business decisions. The flood gates opened up on Clinton's watch and no honest person can possibly deny that.

Our federal government sold out we the people. Trade deals that favor foreign countries and businesses. Deals that make it cost effective to relocate abroad. Come on, businesses don't write and pass laws, they take advantage of the laws passed by elected reps. Corporations make decisions to offshore when Our government happily makes it more profitable to do so.....
What opened the floodgates and what stopped them before the 1990's.
 
Old 02-06-2020, 05:59 AM
 
Location: Barrington
63,919 posts, read 46,846,216 times
Reputation: 20675
Quote:
Originally Posted by Finn_Jarber View Post
Why would you, when Apple stock was worth $1.00 in 2002, and now its $300. Give Apple some credit for their success.

It’s even better.

Apple’s stock has split twice since 2002.

The largest was a 7 for 1 split in 2014.

It closed at 321 yesterday.
 
Old 02-06-2020, 05:59 AM
 
29,617 posts, read 14,763,799 times
Reputation: 14514
Quote:
Originally Posted by middle-aged mom View Post
No law prevents a business from offshoring.
While there shouldn't actually be a law, there should be some sort of incentive to keep the work on shore.
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