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Did you expect zero layoffs across the United States for the next ten years after the tax cuts?
by AlexTWithBeard 8y ago
Did you expect zero layoffs across the United States for the next ten years after the tax cuts?
- dd36 8y agoTax cuts aren't even a year old and were sold on the premise of job growth.
- jayess 8y agoAre you claiming that there hasn't been any job growth since January 1?
- dd36 8y agoNot more than pre-tax cut trend. The critique was always that companies aren't hurting for cash so a tax cut is pointless and will only balloon the deficit. That's exactly what has happened. We gained nothing but a shorter debt bomb fuse.
- bduerst 8y agoOutside of the normal trend, yeah. There isn't much growth difference than pre-tax treatment. The national deficit is the highest it's been since the recession though, and growing faster than before. At least during the recession when our tax money was given to corporations, there were strings attached. Now it's all stock buybacks to fight the shrinking market, brought on by the stupid trade war.
- tootahe45 8y agoWhich is being achieved if you look at the overall numbers. One company doesn't represent total job growth. If GM fails and Tesla takes its place will you blame that on Trump too?
- dd36 8y agoTwo companies in two weeks have announced 10,000+ layoffs. Rumor is Ford is about to as well.
- AlexTWithBeard 8y agoInteresting observation that both companies have strong unions. It's too early to imply a reliable correlation (not even mentioning causation), but surely something to watch after...
- jayess 8y agoSo what? Far more new jobs than that have been created.
- dd36 8y agoAnnouncing huge layoffs is not a positive market indicator. Similar to inverted yields, massive market drops or VIX growth, it is indicative of a wind shift.
- aswanson 8y agoThere are several integer values between 0 and 10400.