Attn: wallstreetcappers

I would rank him low in administrative skills given the many cabinet level positions that flopped.  How many quit or got fired? Five or six ... maybe more.  Crisis management might also be low due to his handling of Puerto Rico.  That's just my two cents worth ...

See this is an example of what I mentioned earlier...SS isnt stupid, he knows what happened in 2007-2008 and the size of economic shock it had yet his biases and ego get in the way of rational thought.

Anyone who is not intentionally biased or politically driven would not fault any president who inherited what Obama did, it was one of the largest shocks since the GD and it happened extremely quickly, no way to avoid the path..in fact the decisions made while I do not agree with some of them (the FED etc) for sure took some of the potential damage away.

When you see a blatantly ignorant, biased post like this the only conclusions to be made are the author has extreme political bias or they are unintelligent. I do not think SS is unintelligent but for sure extremely biased.

SS,

Clinton isnt an economic icon in my eyes...he caught a break during his presidency, an unexpected economic boon that really helped incomes and the tax base but during his term the focus was less on the military and corporate freebies (as we see now) and more about using an increase to keep fiscal matters in check. Trump is not being intelligent with his fiscal planning to this point and I do not see in his character that he intends on being fiscally intelligent. He built and destroyed his net worth several times over being fiscally irresponsible and leveraging. I do not see Trump giving any effort on reducing deficits or even reducing existing deficits (meaning current vs long term accrual we have). 

I also find great flaw with your conclusion that Obama is why wages are stagant and thus wealth of the lower and middle class are eroding when factoring in inflation (which I agree with this point). 

The reason for stagnant income growth and net worth is that corps are not hiring jobs that pay solid wages. Even with our phony empolyment numbers the wage growth is not pacing accordingly, so the jobs created are crap jobs and that does not build wealth for the worker. The other issue regarding wealth is the decision of the FED keeping rate artificially low, that hurts savers and forces people into high risk choice to try and make a return...and of course the lower and middle class are not heavily invested in the stock market, most are paddling to survive let alone invest. So yet again the benefit of most things are the elite and business class. The elite are invested in the market, the elite are the ones offshoring higher cost jobs and squeezing existing workers so the hiring that we are seeing are cost savings to the corporation, and a net loss to the worker.

Maybe you are not smart enough to draw these simple conclusions, my replies are not based on what political party I side with, I think the issues that exist are not due to a particular party...rather our process is corrupt and even with a reckless bankrupt loving president now, his choices are not the sole problem we face and this will continue going forward.

SS,

Clinton isnt an economic icon in my eyes...he caught a break during his presidency, an unexpected economic boon that really helped incomes and the tax base but during his term the focus was less on the military and corporate freebies (as we see now) and more about using an increase to keep fiscal matters in check. Trump is not being intelligent with his fiscal planning to this point and I do not see in his character that he intends on being fiscally intelligent. He built and destroyed his net worth several times over being fiscally irresponsible and leveraging. I do not see Trump giving any effort on reducing deficits or even reducing existing deficits (meaning current vs long term accrual we have). 

I also find great flaw with your conclusion that Obama is why wages are stagant and thus wealth of the lower and middle class are eroding when factoring in inflation (which I agree with this point). 

The reason for stagnant income growth and net worth is that corps are not hiring jobs that pay solid wages. Even with our phony empolyment numbers the wage growth is not pacing accordingly, so the jobs created are crap jobs and that does not build wealth for the worker. The other issue regarding wealth is the decision of the FED keeping rate artificially low, that hurts savers and forces people into high risk choice to try and make a return...and of course the lower and middle class are not heavily invested in the stock market, most are paddling to survive let alone invest. So yet again the benefit of most things are the elite and business class. The elite are invested in the market, the elite are the ones offshoring higher cost jobs and squeezing existing workers so the hiring that we are seeing are cost savings to the corporation, and a net loss to the worker.

Maybe you are not smart enough to draw these simple conclusions, my replies are not based on what political party I side with, I think the issues that exist are not due to a particular party...rather our process is corrupt and even with a reckless bankrupt loving president now, his choices are not the sole problem we face and this will continue going forward.

MAGA is a horse whipping term to make people who lack the ability to investigate all nice and fuzzy. MAGA is not some catch phrase that the BK king throws around and magically we get income growth back...that is not how economics works, nor has he done anything for America. He has done plenty for his segment of America and those who put him in office, he has surrounded himself with his segment and has made decisions to futher protect and reward the elite. 

Outside some conservative appointments, what exactly has he done for the majority that voted him in, to make THEIR America great? What precisely...using your words, not some blog throwup. What has he done in his first year to make the country great for the masses? 

This corporate tax windfall? The majority do not sniff a benefit that will offset the loss in income growth and HC inflation, the pennies the masses allegedly save after factoring out the changes and eliminations to the tax code do not put much of anything into the pockets of those that need it most. To benefit from the elite banquet you have to be elite and most people are not.

One more thing...Clinton LIKELY said many things in many contexts, I imagine the one you are referencing was on the campaign trail to support his wife while she was running. I have not seen Clinton bash Obama much outside the campaign ring, but yes I do not consider Clinton to be an economic genius...he did properly handle the increase in tax base while in office and he worked hard at trimming the fat, bloated military we had after Bush and Ronnie went too far on their 12 yrs. 

Too many words for you again?

Globalization reversal?  Laughable.  What era you live in?  You ride a horse and buggy to work?  Nothing Trump does will reverse this globalization machine and the sooner you realize this the less of moron you'll be in this forum.  

The reversal of globalization is happening right now.

The process begins with a President that has the US leave the Paris Climate A cord over fake /junk science. The next part of the equation is bringing our companies back home to a kinder tax structure. The Left will tax anything that is considered a noun in the English  language. For example. Taxing something do innocuous as a soda. Other signs that we are reversing globalization is leaving trade agreements like NAFTA and GATT. Trump is anti globalization/New World Order.How would you like to be under a nut job, globalist like Merkel in Germany? Absolutely destroying the country with migrants who never will assimilate into any culture. The mission of a refugee is to hang rape the women of the country they are living in for free. Amazing to me how the feelings of Lefty posters have been hurt so bad since the Landslide  in  November  of 2016. We see it in this forum on a daily basis when the Lefty posters like to use moron, lack of reading comprehension and other derogatory language. The point of this long rough draft is globalization is being reversed in the US.

MAGA!

This is funny..

Globalization will not reverse from a tax change, but you think otherwise?

Corporations are about maximizing opportunity, every single opportunity available. That means if they can pay lobbyists to change tax code then that is a win for the corp...a corp hires lawyers to avoid prosecution and win legal disputes. Corps hire accountants to find ways to maximize profits via operational improvements, finding loopholes in tax codes, ways to get around restrictions etc. So this tax code is a win for corps, but that does not mean they will give up the labor cost gains, the raw goods cost benefits, any financial benefits they can find in any way possible.

The only way to force corps to reverse exporting of labor is to punish them via restrictions, penalties etc. Giving benefit to a corp via taxation or freebies does not make a long term lasting impact on their decision making process, the benefit is assimilated and then the corp returns to finding every possible way to maximize profits and increase margins.

My definition/idea of globalization and yours probably differ.  IMO the only specific example you brought up that directly affects, influences and/or impacts globalization is NAFTA/GATT.  You can bet your bottom dollar NAFTA will be intact without any changes to the original agreement.  Many corporations regardless of size have integrated their business models to accomodate for this quarter century old agreement and won't let any administration alter let alone abondon it without major consequences.  Money runs this country and Trump won't dare rock this money boat.  

Tying the tax change/reduction to anti globalization is bit of a stretch.  Enticing companies to keep their corporate headquarters in the United States is more about keeping tax revenues here and less about anti globalization.  A sound argument can be made about keeping those corporate headquarter jobs here but those jobs are more or less the SG&A (selling, general & administrative) type gigs which really won't have a meaningful effect on the unemployment rate.

There's nothing else worth noting in your statements.  So yes ... any thought that Trump will reverse globalization is moronic.  The economies of each country is just so highly integrated that any meaningful attempt of reversing this is foolish.  

My arguments are not to be taken as I'm in favor for globalization.  I'm just stating what is and what isn't.  

The only way to control an entity that has more power and resources than you and is looking to find every advantage they can against you is to penalize because penalty is one of the only measures that will stop an entity that is built and engineered/run to maximize through ANY possible method.

I do not read any media crap especially network based junk...I dont really read much online material outside zerohedge on a deeper basis and I actually regret starting to follow zerohedge years ago as they are extremely biased and it clouds my vision to an extent and not in a positive way...but I will zip past headlines as I am sure most do and cannot avoid.

I did run across an article that I did not read that mentioned corps and the elite are already seeking avenues to bypass parts of this tax banquet legislation and to find ways to increase their advantage even when the bulk of the advantage was given in said legislation.

The point is that businesses and those financially and legally equipped (elite) are not going to mystically stop with their search for maximizing their wealth/profits because this junk was passed, all this does is add some chips to their pile and on they go. Corps and those with power are cheats...they will do whatever they can to continue eliminating anything in their way to maximize profits and increase revenues. That has always been the facts and will always be how it works. If a business does not continue to increase market share and profits they are in effect losing market share because a competitor IS doing this very thing.

This legislation will not be seen down the road as some turning point that businesses returned to this country out of the kindness of the tax code. The benefit of offshoring is MUCH greater than any taxation in total ever could be. We discussed this before, the net gain of all taxation is nothing compared to the net gain in labor cost and inputs. We are not fast enough or wealthy enough or smart enough to match the power of a large corp or even a medium corp or many wealthy elite entities. These organizations are 5 steps in front of the government and you do not sweet talk or coddle something that is faster and smarter than you. Unfortunately penalty and regulation are weak controls but you work with what you got and as a government we are not going to fund to properly equip what would be necessary to try and keep pace with a for profit powerful entity.

"The left wants to punish corporations with more government oversight and higher taxes."

Oversite is a good idea, more taxes is not.

Oversite, good, because they have proven they can not be trusted.

Income Taxes, bad, because they create costs that reduce competitiveness.