Apple to create 20,000 new job, bring back $250 billion

[_Bach]

https://www.npr.org/sections/thetwo-way ... new-campus

Hmmm - wonder what induced this decision? Must have been an Obama economic policy!

[_Doctor CamNC4Me]

How do you feel about them paying $38 billion in taxes?

- Doc

[_Bach]

How do you feel about them paying $38 billion in taxes?

- Doc

What’s not to like? Does the country good on top of 20,000 jobs and ANOTHER $350 billion investment. But I’m sure that somewhere out there we’ll hear from liberals why this is a bad thing only because it was a Trump tax plan causing this positive action for our new booming economy.

[_Kevin Graham]

www.washingtonpost.com/news/powerpost/p ... eb95122beb

Right wing spin, and then the complicated truth.

[_Bach]

http://www.washingtonpost.com/news/powerpost/paloma/the-finance-202/2018/01/18/the-finance-202-trump-is-eager-to-claim-credit-for-apple-moves-but-it-s-a-bit-more-complicated/5a5fa11d30fb0469e88401c2/?utm_term=.e8eb95122beb

Right wing spin, and then the complicated truth.

Like I said (and right on que) - liberals will always try and find fault.

God how they miss the Obama/Hillary economic plan.

US jobless claims lowest since 1973. Unemployment rate for African Americans at all time low. American 401k plans having outstanding performance. Consumer confidence highest in 8 years.

But hey, I’m with Kevin. I’m miserable too.

[_Kevin Graham]

No one is finding fault, just stating the fact the reasons are more nuanced than "Because of Trump." This is just a continuation of a trend that's been going on for years. And we're still waiting for you to explain how Trump got all those companies to expand, jack up wages/bonuses during the recovery years under Obama.

[_Xenophon]

I'm curious when we decided we accepted the statistics on the unemployment rate as a key indicator of success? Leading up to the 2016 election all I heard was how the unemployment numbers were likely wrong and that labor participation was the real metric. Post election we seem to have conveniently forgotten that labor participation is not up and now the Bureau of Labor stats are good again. I guess I missed the memo on that shift.

[_MeDotOrg]

One month after Trump became President, Sean Spicer started touting the unemployment figures, the very same figures that were lambasted by Trump during the run up to the election. When asked about the change in the value of the reports, Spicer said:

I've talked to the President about this. The President said to quote him very clearly on this.
"They may have been phony in the past but they are very real now."

Then Spicer gave a hearty laugh.

Funny thing is, I don't think it's funny. Mark Twain said that "Figures don't lie, but liars figure." I think that is closer to the heart of the situation.

With respect to Apple, I think it's wonderful if they decide to spend more of their cash reserve in the United States. And I think the short term effect of the corporate tax cuts will be to greatly increase corporate profits and slightly increase employment and wages.

Of course, the bill will be presented when the expected tax revenues do not make up the shortfall from the rate cuts. The bill will not be paid by the corporations or their minions within the Republican Party. The people who will be asked to pay will be the recipients of Social Security, Medicare and Medicaid.

So bach, the short term economic outlook is bright. But just like the economic figures that Trump scorned during the Obama administration that he touts in his administration, let's wait for the entire story to unfold. Part one is the revenue boom for corporations. Part two will be the revenue bust for the Treasury.