President Trump

[Irvinecommuter]

Speaking of Making America Great Again...

Black unemployment rate falls to record low

Unemployment among black workers is at its lowest since at least the early 1970s, when the government began tracking the data.

The black unemployment rate of 6.8 percent in December was the lowest since the Bureau of Labor Statistics started tracking it in 1972, a year in which the rate ranged from 11.2 percent to 9.4 percent. In the 45 years the data has been tracked, the unemployment rate for black or African-American workers aged 16 years and older has never fallen below 7 percent.

https://www.cnbc.com/2018/01/05/black-unemployment-rate-falls-to-record-low.html

Wait...I thought unemployment rate was fake for Obama. 

 

[morekaos]

Winning!!

Toyota, Mazda to build $1.6 billion plant in Alabama

The plant is a huge win for President Donald Trump's administration which has made a point of stressing it would add manufacturing jobs.

The plant is projected to employ about 4,000 workers and produce approximately 300,000 vehicles a year.

https://www.cnbc.com/2018/01/09/toyota-mazda-to-build-1-point-6-billion-plant-in-alabama.html

Wait...you think they planned this after Trump got elected? 

Sources for months have said the decision was between North Carolina and Alabama. The Raleigh News & Observer is reporting that North Carolina lost out on the plant because it does not have the supply chain logistics that the car companies desire.

Toyota Motor Corp. and Mazda Motor Corp. announced in August a joint venture to build a $1.6 billion assembly plant in the U.S. which would create 4,000 jobs and be up and running by 2021.

http://www.al.com/business/index.ssf/2018/01/alabama_picked_for_toyota-mazd.html

I mean why not thank Doug Jones?

Back in August:

The plant is projected to be operational by 2021, but a location has not been announced. Analysts say southeastern sites may have a better shot because of existing supply chains with plants already located there. Employment in the automotive sector in Alabama tops 57,000, with 25,000 jobs in the automotive supplier chains among more than 160 companies.

http://www.al.com/business/index.ssf/2017/08/report_alabama_on_short_list_f.html

Yes,  The entire project was announced in August 2017, after Trump was elected. They just hadn?t settled on which state.

Eleven States Jockey to Land Toyota-Mazda Production Facility
Alabama, Kentucky, Indiana, Mississippi, North Carolina, South Carolina and Texas on short list for $1.6 billion factory
By Peter Grant
Aug. 8, 2017 5:07 p.m. ET

 

[jmoney74]

Amazon in Irvine!  Let's make Irvine great again.

 

[fortune11]

Amazon in Irvine!  Let's make Irvine great again.

from MAGA to MIGA . at-least makes sense  !  Don't see the point of cheering on one off random plants here and there in Southern states that hate us Californians anyways and leach off Federal tax dollars while complaining about big guvah-mit

 

[morekaos]

That?s the point. These ?one off? multi billion dollar plants that are employing thousands of Americans are not being put in our arrogant, overtaxed, over regulated, over run state. I am not cheering them on, I am expressing my jealousy at their wins and my frustration that we won?t get anything.

 

[Liar Loan]

Amazon in Irvine!  Let's make Irvine great again.

from MAGA to MIGA . at-least makes sense  !  Don't see the point of cheering on one off random plants here and there in Southern states that hate us Californians anyways and leach off Federal tax dollars while complaining about big guvah-mit

Are you not an American then?

 

[morekaos]

What we should be asking ourselves is Why, California is NEVER on any of those lists of places that these major companies are even considering (let alone actually putting) these massive headquarters or factories? Not one!!  If we are so great why are we not the obvious choice for every one of these "one offs"?  The answer is in another thread.  Maybe we should adopt the Make California Great Again!! McGA

 

[Irvinecommuter]

Eleven States Jockey to Land Toyota-Mazda Production Facility

Alabama, Kentucky, Indiana, Mississippi, North Carolina, South Carolina and Texas on short list for $1.6 billion factory
By Peter Grant
Aug. 8, 2017 5:07 p.m. ET

If you think that 1.6 billion factories are planned in 9 months...no wonder you think Trump is a good president.

 

[Irvinecommuter]

What we should be asking ourselves is Why, California is NEVER on any of those lists of places that these major companies are even considering (let alone actually putting) these massive headquarters or factories? Not one!!  If we are so great why are we not the obvious choice for every one of these "one offs"?  The answer is in another thread.  Maybe we should adopt the Make California Great Again!! McGA

I guess California economy is doing so badly economically.
https://www.bloomberg.com/view/articles/2017-05-10/california-leads-u-s-economy-away-from-trump

 

[Loco_local]

What we should be asking ourselves is Why, California is NEVER on any of those lists of places that these major companies are even considering (let alone actually putting) these massive headquarters or factories? Not one!!  If we are so great why are we not the obvious choice for every one of these "one offs"?  The answer is in another thread.  Maybe we should adopt the Make California Great Again!! McGA

This could explain it:https://www.bloomberg.com/news/feat...oom-cheap-wages-little-training-crushed-limbs

Inside Alabama?s Auto Jobs Boom: Cheap Wages, Little Training, Crushed Limbs

The South?s manufacturing renaissance comes with a heavy price.

 

[Irvinecommuter]

What we should be asking ourselves is Why, California is NEVER on any of those lists of places that these major companies are even considering (let alone actually putting) these massive headquarters or factories? Not one!!  If we are so great why are we not the obvious choice for every one of these "one offs"?  The answer is in another thread.  Maybe we should adopt the Make California Great Again!! McGA

This could explain it:https://www.bloomberg.com/news/feat...oom-cheap-wages-little-training-crushed-limbs

Inside Alabama?s Auto Jobs Boom: Cheap Wages, Little Training, Crushed Limbs

The South?s manufacturing renaissance comes with a heavy price.

Yup...and pretty soon, everything will be automated so the jobs will go away. 

 

[Irvinecommuter]

And more yeah for capitalism!

The big drug company Pfizer seems intent on being a pace-setter in cranking out the benefits of the tax cut to stakeholders who need them the least. In an announcement over the weekend, Pfizer said it was shutting down its research efforts on treatments for Alzheimer?s and Parkinsonism. The company didn?t say how much it was spending on the two conditions, but said about 300 researchers will lose their jobs as it redirects its research and development budget elsewhere.

http://www.latimes.com/business/hiltzik/la-fi-hiltzik-pfizer-20180108-story.html

 

[morekaos]

And more yeah for capitalism!

The big drug company Pfizer seems intent on being a pace-setter in cranking out the benefits of the tax cut to stakeholders who need them the least. In an announcement over the weekend, Pfizer said it was shutting down its research efforts on treatments for Alzheimer?s and Parkinsonism. The company didn?t say how much it was spending on the two conditions, but said about 300 researchers will lose their jobs as it redirects its research and development budget elsewhere.

http://www.latimes.com/business/hiltzik/la-fi-hiltzik-pfizer-20180108-story.html

Absolutely, I trust that Phizer will deploy those assets to where they are best spent. If this line of research has the potential for profit than by all means keep it up.  If others find a way thats up to them...this is capitalism at its best.

 

[Irvinecommuter]

And more yeah for capitalism!

The big drug company Pfizer seems intent on being a pace-setter in cranking out the benefits of the tax cut to stakeholders who need them the least. In an announcement over the weekend, Pfizer said it was shutting down its research efforts on treatments for Alzheimer?s and Parkinsonism. The company didn?t say how much it was spending on the two conditions, but said about 300 researchers will lose their jobs as it redirects its research and development budget elsewhere.

http://www.latimes.com/business/hiltzik/la-fi-hiltzik-pfizer-20180108-story.html

Absolutely, I trust that Phizer will deploy those assets to where they are best spent. If this line of research has the potential for profit than by all means keep it up.  If others find a way thats up to them...this is capitalism at its best.

Best spent for them..not for society.  More impotency drugs please.

 

[morekaos]

What we should be asking ourselves is Why, California is NEVER on any of those lists of places that these major companies are even considering (let alone actually putting) these massive headquarters or factories? Not one!!  If we are so great why are we not the obvious choice for every one of these "one offs"?  The answer is in another thread.  Maybe we should adopt the Make California Great Again!! McGA

I guess California economy is doing so badly economically.
https://www.bloomberg.com/view/articles/2017-05-10/california-leads-u-s-economy-away-from-trump

Two sides to every coin...

The economics of delusion


In Sacramento, and much of the media, California is enjoying a ?comeback? that puts a lie to the argument that regulations and high taxes actually matter. The hero of this recovery, Gov. Jerry Brown, in Bill Maher?s assessment, ?took a broken state and fixed it.?

Yet, if you look at the long-term employment trends, housing affordability, inequality and the state?s long-term fiscal health, the comeback seems far less miraculous. Silicon Valley flacks may insist that the ?landscape now has been altered,? so prosperity is now permanent, but this view is both not sustainable and deeply flawed.

? a deteriorating infrastructure (notably roads), high rates of poverty, weak high-wage growth and a looming fiscal meltdown. The current euphoria of the asset-inflation boom may make some Californians feel better, but it?s the hangover that follows which concerns us.

The hoi polloi, perhaps more prescient than their established betters, continue to leave the state. Much of this exodus comes from the young and the working class. There?s been a net migration loss of 625,000 people between 2007 and 2014. Inbound immigration from abroad has declined, notably in Southern California. Recovery may have enriched some property owners, tech magnates and connected crony capitalists, but for many the good times are ephemeral.

California retains enormous physical and human assets that decades of mismanagement have not yet managed to squander. But even the most advantaged places cannot long thrive if their policy makers feed themselves largely on delusions.

https://www.dailynews.com/2016/08/05/the-economics-of-delusion-joel-kotkin-and-bill-watkins/

 

[morekaos]

And more yeah for capitalism!

The big drug company Pfizer seems intent on being a pace-setter in cranking out the benefits of the tax cut to stakeholders who need them the least. In an announcement over the weekend, Pfizer said it was shutting down its research efforts on treatments for Alzheimer?s and Parkinsonism. The company didn?t say how much it was spending on the two conditions, but said about 300 researchers will lose their jobs as it redirects its research and development budget elsewhere.

http://www.latimes.com/business/hiltzik/la-fi-hiltzik-pfizer-20180108-story.html

Absolutely, I trust that Phizer will deploy those assets to where they are best spent. If this line of research has the potential for profit than by all means keep it up.  If others find a way thats up to them...this is capitalism at its best.

Best spent for them..not for society.  More impotency drugs please.

We, as a society decide what is best with our dollars, Not some bureaucrat in Washington.  If there were not a demand for such drugs there would not be a market for them.  If I have a rare disease that only I will have, do I expect Phizer (and their shareholders) to expend $100,000,000 on finding my cure? Not really.

 

[Liar Loan]

Best spent for them..not for society.  More impotency drugs please.

Are you saying impotency drugs are not a benefit to society?

 

[Irvinecommuter]

Best spent for them..not for society.  More impotency drugs please.

Are you saying impotency drugs are not a benefit to society?

Not best spent does not mean no benefit.

 

[Irvinecommuter]

Yet, if you look at the long-term employment trends, housing affordability, inequality and the state?s long-term fiscal health, the comeback seems far less miraculous. Silicon Valley flacks may insist that the ?landscape now has been altered,? so prosperity is now permanent, but this view is both not sustainable and deeply flawed.

? a deteriorating infrastructure (notably roads), high rates of poverty, weak high-wage growth and a looming fiscal meltdown. The current euphoria of the asset-inflation boom may make some Californians feel better, but it?s the hangover that follows which concerns us.

The hoi polloi, perhaps more prescient than their established betters, continue to leave the state. Much of this exodus comes from the young and the working class. There?s been a net migration loss of 625,000 people between 2007 and 2014. Inbound immigration from abroad has declined, notably in Southern California. Recovery may have enriched some property owners, tech magnates and connected crony capitalists, but for many the good times are ephemeral.

California retains enormous physical and human assets that decades of mismanagement have not yet managed to squander. But even the most advantaged places cannot long thrive if their policy makers feed themselves largely on delusions.

https://www.dailynews.com/2016/08/05/the-economics-of-delusion-joel-kotkin-and-bill-watkins/

The biggest issue in California is real estate price but there is nothing you can do about that because  it is an issue of supply and demand.  Better infrastructure spending would help but a lot of people want to live here.

Immigration go in spurts...California has been growing at about 0.5 to 1% a year population wise the last 5 years...pretty steady.  It would impossible for California to grew like it did in the 1970s and 1980s.

LOL...again..conservatives have be talking about the demise of California for like 30 years.  California has bounced back from the rescission better than just about any other state. 

 

[Irvinecommuter]

And more yeah for capitalism!

The big drug company Pfizer seems intent on being a pace-setter in cranking out the benefits of the tax cut to stakeholders who need them the least. In an announcement over the weekend, Pfizer said it was shutting down its research efforts on treatments for Alzheimer?s and Parkinsonism. The company didn?t say how much it was spending on the two conditions, but said about 300 researchers will lose their jobs as it redirects its research and development budget elsewhere.

http://www.latimes.com/business/hiltzik/la-fi-hiltzik-pfizer-20180108-story.html

Absolutely, I trust that Phizer will deploy those assets to where they are best spent. If this line of research has the potential for profit than by all means keep it up.  If others find a way thats up to them...this is capitalism at its best.

Best spent for them..not for society.  More impotency drugs please.

We, as a society decide what is best with our dollars, Not some bureaucrat in Washington.  If there were not a demand for such drugs there would not be a market for them.  If I have a rare disease that only I will have, do I expect Phizer (and their shareholders) to expend $100,000,000 on finding my cure? Not really.

Corporations do not equal society.  Corporations answer to shareholders..not society.  Government answer to society and voters.  Corporations corrupted politics but somehow we are supposed to trust them in their native form?