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Did Apple Give Trump a Big Economic Victory?

Did Apple Give Trump a Big Economic Victory?

Well, no, not all by itself, but with all the companies doing the same / similar, it did prove that Trump had the economic fixes he campaigned on pegged, and it would appear they are producing the desired results, at least so far.

Is that an economic victory for Trump? Or an economic victory for the vast majority of the country country and the vast majority entire of the electorate?

But are they? Can victory be claimed based merely on what a company says they are going to do years into the future?
 
Every penny counts. Of our population of 320 million, less than a 120 million are employed. There are homemakers, the retired, students in schools, those too young to be students, the disabled who cannot work, those in prisons not working, those too wealthy to need work, those who choose poverty for philosophical or religious reasons, those who choose subsistence lifestyles, those who work without being employed, and so on.

Enough drops and the bucket needs to be replaced with a rain barrel.

Pft.. Apple is your biggest company.. 20k jobs, if they ever come, will be nothing... why? Because other companies are closing shops..
 
millions of Americans getting raises, bonuses, and expanded leave benefits, and the left is fit to be tied. and they have the chutzpah to pretend like they give a crap about the middle class. too funny. Only the mentally deranged think Obama had a THING to do with the economic prosperity we are currently enjoying.

Get ready to lose more elections democrats!!
 
If Apple is to maintain its 30-40% profit margin , then no way in hell will they move jobs to the US... other than poorly paid retail jobs. They can't raise prices anymore. The IPhone 8 and 7 are out selling the premium 10 in most places.

Apple needs to move cash to the US to pay off its debt and buy back stock. Plus the potential lawsuit damages they might have to pay...

Let's put it this way... won't believe a word till we actually see it happening.

As for praising Trump..nope since the whole tax bill is rotten to the core and will cost the American taxpayer trillions.

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The average taxpayer is seeing $2300 in savings. It's like they all got a $2300 raise, how is that costing the taxpayer "Trillions"?
 
Pft.. Apple is your biggest company.. 20k jobs, if they ever come, will be nothing... why? Because other companies are closing shops..




What companies are closing shop? Over 200 companies plan or have already given thier employees raises. sucks for you that it's doing exactly what they said it was. Only you and your ilk can see people keeping a ton of thier own money and getting raises and bonuses as bad.


YOu are seeing the start of a business boom!
 
But are they? Can victory be claimed based merely on what a company says they are going to do years into the future?

Walmart has been raising wages for several years. But there's an obvious incentive for corporations to give tax cut credit for wage hikes they would have done anyway. Furthermore, the theory behind the tax cut, such as it is, says that wage increases should take time. It's lower taxes -> more investment -> larger capital stock -> higher demand for labor. It isn't supposed to translate into wage hikes in month one.

While Walmart praises the tax-cut for the wage hikes, it doesn't blame the tax cut for its decision to close Sam's Clubs across the country.

It was the same slight of hand with Carrier. Trump made news for several cycles all about saving 600 jobs because he's so tough and months later those jobs quietly disappear. Let's not forget that last year we lost tens of thousands of retail jobs, while Trump was silent. From my economic view, Trump policies are generally a drag on the economy. Throwing foreigners, who both are workers and consumers out of the country, hurts our economy. A tax-cut, that is tilted to the wealthy, is also a drag on the economy, since it doesn't increase consumption while increasing debt and gives Republicans an excuse to cut Medicare, Medicaid and Social Security, which puts money in average people's pockets.
 
Oh right, and the most obvious of all: the potential stimulative effect of a tax cut takes years to measure, and measuring their effect is a dubious exercise require a huge amount of economic and mathematical analyses.

Saying "oh, well, the tax cut happened, then this happened, and the company that benefits hugely from the tax cut says it's because of the tax cut, YAY TRUMP!" is beyond retarded.




What's "retarded" is whining about trump tax cuts leaving middle class americans with over 2300 bucks of thier own money in thier pocket and a raise and a bonus to boot. It boggles the mind how partisan hacks can look at the same reality as everyone else and post such mindless drivel like this. You can add us to that list, we gave a 10% across the board raise today, we are hiring in 2 departments, and we are looking at a bonus scale for performing non-salaried employees.
 
Walmart has been raising wages for several years. But there's an obvious incentive for corporations to give tax cut credit for wage hikes they would have done anyway. Furthermore, the theory behind the tax cut, such as it is, says that wage increases should take time. It's lower taxes -> more investment -> larger capital stock -> higher demand for labor. It isn't supposed to translate into wage hikes in month one.

While Walmart praises the tax-cut for the wage hikes, it doesn't blame the tax cut for its decision to close Sam's Clubs across the country.

It was the same slight of hand with Carrier. Trump made news for several cycles all about saving 600 jobs because he's so tough and months later those jobs quietly disappear. Let's not forget that last year we lost tens of thousands of retail jobs, while Trump was silent. From my economic view, Trump policies are generally a drag on the economy. Throwing foreigners, who both are workers and consumers out of the country, hurts our economy. A tax-cut, that is tilted to the wealthy, is also a drag on the economy, since it doesn't increase consumption while increasing debt and gives Republicans an excuse to cut Medicare, Medicaid and Social Security, which puts money in average people's pockets.





Why would you, or how could you blame the tax cuts for closing underperforming and non profitable sams clubs locations? That doesn't make any sense.
 
This just in:

For Apple, it comes down to the $250 billion question.Apple is sitting on more than a quarter trillion dollars overseas. Now, after the newly enacted tax law, Apple can bring that money back to the United States at a lower tax rate.
Much of that money is expected to go back to Apple shareholders in the form of stock buybacks and dividends. But the company faces political pressure to reinvest a meaningful amount in U.S. workers and the economy.
 
People are so stupid. Apples move has nothing to do with the tax cuts. And even they want to claim it, how much are you going to be suckered by these companies and this bull**** notion that giving tax cuts to these companies will spark increased employment and salaries when we have 40 years of this nonsense with dwindling middle class, obscene wealth disparities, and increase rates of poverty?
 
People are so stupid. Apples move has nothing to do with the tax cuts. And even they want to claim it, how much are you going to be suckered by these companies and this bull**** notion that giving tax cuts to these companies will spark increased employment and salaries when we have 40 years of this nonsense with dwindling middle class, obscene wealth disparities, and increase rates of poverty?




:lol: The middle class is seeing on average over 2 grand in tax cuts. many are getting raises and bonuses. Only the biggest partisan hacks among us suggest that the tax reform bill has nothing to do with it and that the keeping of ones own money is hurting people. /facepalm
 
But are they? Can victory be claimed based merely on what a company says they are going to do years into the future?

Hmm. Seems allot of announcements are being made about raises and bonuses now, in addition to future plans.
 
What's "retarded" is whining about trump tax cuts leaving middle class americans with over 2300 bucks of thier own money in thier pocket and a raise and a bonus to boot. It boggles the mind how partisan hacks can look at the same reality as everyone else and post such mindless drivel like this. You can add us to that list, we gave a 10% across the board raise today, we are hiring in 2 departments, and we are looking at a bonus scale for performing non-salaried employees.

1. Some people put the good of the country over their personal financial gain.

2. 2,300 came from your backside. I'll be getting a cut but not that size cut.

3. The economy WAS ALREADY doing well when Trump took office. The kind of things you're talking about were happening anyway.

4. As I said, it takes seriously intensive research and analysis by economists to make a case for something as complex as whether a specific tax cut produced a net effect. They're not going to be able to say "oh, well, this internet poster's company is doing well and we can prove the tax cut did it".

Simply put, it's BS for anyone to claim that the tax cut is responsible for various things, even if companies had said so (because of course they would - they benefit way more than they're spending).
 
Hmm. Seems allot of announcements are being made about raises and bonuses now, in addition to future plans.

Every minor change is cause for celebration when you have no specific objectives in mind. But shouldn’t the benefits for workers be commiserate with the giant tax cut for the corporations they work for? Yes, Walmart is doling out a one time bonus and increasing their minimum wage by $1, but thats still not a living wage. We still have to compensate for their low wages with social welfare benefits only now the government hast to do so with less revenue. So what was the point of it all?
 
https://finance.yahoo.com/video/did-apple-trump-big-economic-193900724.html

The arguments are say yes and no. But mostly yes. And Apple is one among others. The spill over effects can be even greater.

For gaining a better understanding here's one report of Apple's announced intentions:

https://qz.com/1182103/apple-will-s...s-and-offices-from-its-repatriated-cash-pile/

In its announcement, Apple didn't mention Trump specifically. Nevertheless, Trump did convince the Republican dominated Congress to address this matter of stashed overseas cash hoards held by American companies. 20k new jobs is nothing to sneeze about. We can hope that other companies with cash hoards overseas act similarly for the benefit of themselves and the nation. Apple has raised the bar for all of them. It looks like Apple is bringing $250 billion of its overseas assets to the US. This is the first announcement from Apple as to what Apple will be doing with a portion of that money. Keep in mind, tho the media is calling this a repatriation of money, it is not. It is money earned overseas that was never in the US. No one, no company, can repatriate here what didn't exist here.

Apple equities reached an all time high of 179.39 yesterday, after a seeming breakout with Friday's closing price, tho it closed yesterday at 176.19, about a 90¢ loss from Friday's close. Today Apple closed at 179.10.

Furthermore, I contend Trump, while playing the vulgar fool in public, is actually deflecting the media and the Democrats from his true agenda. Critics don't like his public performance, and the Democrats are in a tizzy of hate for him, and the same with the Republican hierarchy, yet he is doing exactly what he said he would do. He is attacking the status quo as he promised during his campaign. Meanwhile he has moved a non-performing congress into actions, regardless of whether critics are happy with those actions. He has single handedly forced the new construction of a Hudson railroad freight tunnel, a neglected corridor of two more than 100 year old dual tunnels, in dire need of maintenance to a point where both are collapsing and unsafe, through which 47% of this nation's GDP flows. He has forced the opening of dialogs this country as a whole has hidden from: white supremacy, foreign aid to despotic corrupt governments which would be glad to stab us in the back, allies which hate us yet depend on us to pay their way inn this world as they call us fools, bigotry in general and so on. Meanwhile he accomplished a quality first year term in office that any other president would have been proud of. I'm not suggesting we should all love him. I'm stating we all should recognize he is not the picture he paints of himself, a clown in makeup and the emperor's new clothes. He's a shrewd old businessman who holds his left hand over his head to catch the eye, while he attacks with the right hand. During the old wars of shield war battles, shields were held high, as attacks were made under the shield with a stabbing seax, a combination long knife, short sword. Those with battle axes and long swords died. Those who used a seax survived and won the battles.

I'll grant anyone credit who claims Obama gave us a quality economy. I grant anyone credit who understands Trump has taken the ball from Obama and run with it. I'll grant credit to anyone who understands Obama tried to end bigotry by hiding it. I'll grant anyone credit who understand that Trump has brought bigotry to the forefront of a necessary dialog. And we can do the same with all social actions that have failed to end what we dislike about ourselves as a nation. When before has a president who campaigned against the status quo, actually kept his word and turned the status quo on its head? Yes, he has stumbled on the bunts, but he keeps getting up to the batting box.

Yes..
 
What's "retarded" is whining about trump tax cuts leaving middle class americans with over 2300 bucks of thier own money in thier pocket and a raise and a bonus to boot.

Financed by deficits. What is your rationale for increasing deficits with unemployment so low?

You can add us to that list, we gave a 10% across the board raise today, we are hiring in 2 departments, and we are looking at a bonus scale for performing non-salaried employees.

They are doing so by borrowing money in a lower interest rate environment.
 
:lol: The middle class is seeing on average over 2 grand in tax cuts. many are getting raises and bonuses. Only the biggest partisan hacks among us suggest that the tax reform bill has nothing to do with it and that the keeping of ones own money is hurting people. /facepalm
Note "average." Billionaires get millions in cuts; most Americans get a few hundred bucks and the average is $2,000.

The raises have nothing to do with tax-cuts. It's not like nobody got a raise until Congress passed this tax-cut in December.

fredgraph.png
 
Every minor change is cause for celebration when you have no specific objectives in mind. But shouldn’t the benefits for workers be commiserate with the giant tax cut for the corporations they work for? Yes, Walmart is doling out a one time bonus and increasing their minimum wage by $1, but thats still not a living wage. We still have to compensate for their low wages with social welfare benefits only now the government hast to do so with less revenue. So what was the point of it all?

Meh. Strike me as a glass 1/2 full perspective.

With some of the government yokes lifted, the market can function, more like it's supposed to, i.e. better.

With unemployment so low, labor demand is going up, the pressure will be on wages and benefits to go up competing for a limited resources, qualified labor. The corporations that have announced bonuses and wage increases have already recognized this new labor market reality, and are taking preemptive measures. I suspect that the labor market pressures are only going to increase, with this finally healthy and humming economy.
 
Oh right, and the most obvious of all: the potential stimulative effect of a tax cut takes years to measure, and measuring their effect is a dubious exercise require a huge amount of economic and mathematical analyses.

Saying "oh, well, the tax cut happened, then this happened, and the company that benefits hugely from the tax cut says it's because of the tax cut, YAY TRUMP!" is beyond retarded.

Except the tax reform is the catalyst for bringing Apple's hoard stateside. Apple's announcement made no mention of Trump.

$38 bil in taxes is nothing for the gov't to sneeze at. How much are you paying in taxes for 2017? Or 2018?

This morning Smith and Hardy announced they are bringing $170 billion from 9 years of overseas revenues. I never heard of them before. Turns out they were/are cotton brokers, established in 1829, third largest in the world, based in Boston. Privately held. They also trade wood and rag pulp for making paper, flax pulp for making linen, willow bark scrapings (for making aspirin), assorted "natural" dyes and pigments.

I agree, attempting to measure possible economic stimulus is a far from a fruitful exercise. Depending upon how much more money is brought into the nation, the accumulation must have effects once the money is put to work. Money not working to make more money, is losing money.
 
Pft.. Apple is your biggest company.. 20k jobs, if they ever come, will be nothing... why? Because other companies are closing shops..

Which companies are closing shops? How many employee positions are being lost? What is the comparative of jobs gained from new investment showing?

How is the EU going to deal with its slowing economies, and the loss of Britain thanks to Brexit? How well Europe respond the economic losses gained by US military withdrawals?
 
People are so stupid. Apples move has nothing to do with the tax cuts. And even they want to claim it, how much are you going to be suckered by these companies and this bull**** notion that giving tax cuts to these companies will spark increased employment and salaries when we have 40 years of this nonsense with dwindling middle class, obscene wealth disparities, and increase rates of poverty?

Conflate much? But first, do you have any proof Apple would bring foreign held monies to the US without a significant tax adjustment?

What does your claims of "we have 40 years of this nonsense with dwindling middle class, obscene wealth disparities, and increase rates of poverty" have to do with this tax cur, or Apple's announced decisions?
 
Note "average." Billionaires get millions in cuts; most Americans get a few hundred bucks and the average is $2,000.

The raises have nothing to do with tax-cuts. It's not like nobody got a raise until Congress passed this tax-cut in December.

fredgraph.png




Billionairs pay more in taxes, they should see more in money coming back. I'm seeing over 20 in cuts. and my rate is more than the middle class, so proportionally and literally I am still paying way more.
 
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