Bad new for Dems: Tax cuts keep making America Great/Payrolls Over 250,000 as Wage Gains Hit 3.1%

https://www.bloomberg.com/news/arti...-above-forecast-250-000-as-wage-gains-hit-3-1

 

IDIOT, INCOMPETENT, CORRUPT, MORON, CRIMINAL, RESIST, IMPEACH.

lol.

 

It gets even worse for Democrats...


https://www.cnsnews.com/news/article/susan-jones/156562000-record-employment-12th-time-under-trump

156,562,000: Record Employment for 12th Time Under Trump

 

Is Obama taking credit for this yet?

 

Well, here is the deal with that tax cut. Being a retired business owner, small manufacturing serving the construction industry, tax cuts for me never added jobs. Only demand for my products did. I hate to break the news to you, but labor has to pay for itself, by additional demand, or my sector refused to hire additional people, unless demand, demanded it. An inconvenient truth for republican voters.

I think what has added jobs lies in getting rid of some of the regulations that restrict, addressing trade, and given financial crashes take a long time to cycle out of, this too has been a factor. I do not think it has anything to do with taxes, unless lower taxes for consumers created demand for the service sector. Most goods outside of cars, are made in china, and so our domestic industry just doesn't see much help by increased demand for goods, given most of those are in china. It helps china. And MNCs.

Anyways, a business that didn't need extra labor, if they have any sense, will not add jobs just because their tax rates dropped. It just means the owners get to keep more of the profit is all. And this is how most businesses operate, unless the owner is an idiot.

 

Another kick in the Democrats' crotch:

Manufacturing Jobs Up 32,000 in October, 434,000 Under Trump. https://tiny.iavian.net/pg7k

Manufacturing Jobs Up 32,000 in October, 434,000 Under Trump

 

MAGA. And ka-ching!

 

Elemantary economics:

Demand increased when people have more money to buy stuff.

When businesses are allowed to make profits, they invest some of those profits, thus increasing demand.

Tax cuts take money out of government and put it in the economy.

It's not complicated.

 

Plus, government gets more money over time: a smaller pop taken from each working citizen, but more pops for a bigger take.

 

Of course, but you see that demand optimally when the middle class has more money, more disposable income, or even something that is hard to measure, confidence that their jobs will be here tomorrow. The devil, as they say, is in the details. So using this, if you really want to see demand really significantly increase, give the middle class the kind of tax breaks we gave those at the top. And give them job security, that there jobs will not be shipped to the East as would have happened with TPP, as it hollowed out even more, our economy of manufacturing. What we have left, that is.

This is much more complex than some on the right want to believe. I am speaking as someone how owned a business for 40 plus years, and what caused me to add jobs. Only demand. So how does one increase demand? More disposable income in the consumer sector. That arrives not by maxing our credit cards out and borrowing as we have seen in the past.

Increased demand for small consumer goods helps who exactly? Given 99 percent comes from china or some other really low wage nation? When you lose a huge value added sector of your economy, you lose big time. At least the Common Man loses, while the top makes great gains.

 

There's no true job security except a government job. And job security is going out the window there, also.

Job security is working harder and complaining less.

 

No sir. Job security before offshoring the optimum value added sector of our economy came from americans making most of what we consume. It was an important factor in creating history's largest middle class right here in america. A simple fact. When you destroy that, you destroy the middle class. Another fact. I don't know what people ignore something so basic and simple. Partisanship? Tribalism, political tribalism? Yeah, that is what creates and sustains it.

 

True dat. But you should still do all you can to make yourself indispensable on the job, and keep the boss smiling, that is, be a keeper.

 

agreed

exactly why trump is doing what he can to bring jobs back, which can't be done without tax cuts...

 

We will never disagree there! I had a highly motivated workforce, but I paid more than the industry averages in my sector, which IMO, brought the highly motivated people to me, from my lower paying competitors. ha ha ha. And I always had a few potential employees in my back pocket, from these competitors. So, when I lost a worker, from sickness or retirement, I had the best workers of my competitors to call us and hire. ha ha. Sure, I had to keep less for myself, but over 40 years I think this actually served me much greater than keeping more of the income my workers produced for me. Once I culled out the less motivated, my higher wages kept my employees in house. The good ones. I just used common sense is all.

 

Those with bad attitudes and no gratitude must be culled out.

 

Well, if you want an efficient workforce that all businesses need in order to remain profitable and stay in business. It is just basic common sense. My people felt they were an important part of the business that I owned, and that was because of me, for I understood the value of motivated employees, who were responsible people, and whose work was rewarded. Hell, when we closed down for our yearly vacation, the majority of my workforce went with me and my family on vacation each year. Including their own families of course. I picked up their lodging as one of the perks for being outstanding workers. Who does that these days? ha ha. My turnover was almost nil. And in my line of business, turnover and training was not good for productivity, nor for waste of expensive materials. But I learned from businessmen back in the 50s and 60s, friends of my father. Successful businessmen. Getting a degree in business, didn't help me as much as those old businessmen when it came to staying in business. All business is a "people business" your customers but also your employees.

 

It was always people much richer than me who employed me. I was very grateful that they would spread some of their wealth to me.

 

Yep and before I created my own business, I worked for a corporation that was owned by a rich and retired officer from the military. Ed Hartsock. (he retired when he was sent to the pentagon) I think you can still find him online, as he flew against the japanese in ww2. A helluva man, and a mentor. But to look at Mr. Ed as we fondly called him, you would not think he was rich at all, until you saw his home. ha ha. He drove a car several years old and bought his work clothing from Fred's Dollar Store. ha ha. While I drove a brand new company car, replaced every two years. That I could use for personal use.

 

Winning!

 

I do think reducing corporate taxes MIGHT help. We will eventually know if indeed it did.

 

You guys are something.

Almost 1/2 of Americans pay no income tax, so of course the upper half of earners gets most of the tax cut.

Socialist redistribution sounds like a great idea until you grow up, start paying taxes.

Just a few years Bernie said they were living the "American Dream" in Socialist Venuzuela. How's it working out?

 

I've been keeping track of the decline of Venezuela. Its not going well there. Socialism invariably fails.

 

Actually it's not bad news for Dems since it's not as if the politically leftist loyal mainstream media is going to go out of its way to tell the citizens of this nation any of that during the remaining days of this election cycle. Vast numbers of people therefore will vote ignorant of actual reality, just as the Left desires.

 

1000 mfg jobs created every day last month.... Nice...