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Japanese Mogul Starts on Vow to Trump to Create 50,000 U.S. Jobs
Topic Started: Dec 20 2016, 01:58 PM (392 Views)
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Director @ Center for Advanced Memetic Warfare
Japanese Mogul Starts on Vow to Trump to Create 50,000 U.S. Jobs

(excerpt)

SAN FRANCISCO — The Japanese business mogul Masayoshi Son pledged to President-elect Donald J. Trump nearly two weeks ago that he would invest in the United States and create about 50,000 jobs.

On Monday, Mr. Son’s conglomerate, SoftBank, took what it described as the first step in fulfilling that commitment.

By leading a $1.2 billion investment in OneWeb, which makes satellites for internet access, SoftBank said it was continuing to invest in new technology and supporting job creation in the United States. In their announcement, SoftBank and OneWeb said the investment would create nearly 3,000 jobs in the United States over four years.

“Earlier this month, I met with President-elect Trump and shared my commitment to investing and creating jobs in the U.S.,” Mr. Son said in a statement. “America has always been at the forefront of innovation and technological development, and we are thrilled to be playing a part in continuing to drive that growth as we work to create a truly globally connected ecosystem.”

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George Aligator
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The announcement sounds quite impressive until one recalls that the economy has to create 125,000 each month just to stay up with population growth. However, it is good to keep focus on job growth as well as wage growth as these are two flamboyant election promises that Trump is going to have a very hard time keeping. "Where are the jobs, Mr. Trump?" will be the mantra that damages Trump far more than it did Obama, whose job creation record Trump is unlikely to match.
Conservatism is a social disease
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Drudge X
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Trump is not leading yet but he's creating jobs only Obama can dream of.
Kate Steinle was separated from her family permanently but leftists didn't seem to mind.
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Mr. Tik
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Drudge X
Dec 20 2016, 04:05 PM
Trump is not leading yet but he's creating jobs only Obama can dream of.
We ain't seen the jobs yet, homer.
Right now, its just pillow talk.
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PATruth
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A pro-business president is always a plus, especially following a tax them and regulate them guy like Obama. Does that guarantee the economy will grow at over four percent? No, the current global economy has a lot of variables that the POTUS cannot control. The US faces an asset bubble, 20 trillion dollars of debt, several almost bankrupt entitlement programs and an aging population. The best Trump can do is fix some of the inequities in the tax code, renegotiate some of our horrendous trade deals, fix immigration and start to do something about our disastrous and fragmented healthcare system. Making it attractive to both domestic and foreign investors like the Japanese is a great start! Trump is a businessman and a salesman, he's no magician.
"No. No he won't. We'll stop it."
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Harambe4Trump
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George Aligator
Dec 20 2016, 03:57 PM
The announcement sounds quite impressive until one recalls that the economy has to create 125,000 each month just to stay up with population growth. However, it is good to keep focus on job growth as well as wage growth as these are two flamboyant election promises that Trump is going to have a very hard time keeping. "Where are the jobs, Mr. Trump?" will be the mantra that damages Trump far more than it did Obama, whose job creation record Trump is unlikely to match.
Trump will be cracking down on immigration; population growth won't be a problem anymore.
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George Aligator
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PATruth
Dec 20 2016, 04:07 PM
A pro-business president is always a plus, especially following a tax them and regulate them guy like Obama. Does that guarantee the economy will grow at over four percent? No, the current global economy has a lot of variables that the POTUS cannot control. The US faces an asset bubble, 20 trillion dollars of debt, several almost bankrupt entitlement programs and an aging population. The best Trump can do is fix some of the inequities in the tax code, renegotiate some of our horrendous trade deals, fix immigration and start to do something about our disastrous and fragmented healthcare system. Making it attractive to both domestic and foreign investors like the Japanese is a great start! Trump is a businessman and a salesman, he's no magician.
Trump has a real challenge on that 4% GDP growth thing because his plans for tax cuts, spending increases and debt reduction need that powerful growth rate to work. Without it, he is going to find it hard to deliver on either cuts or spending without blowing the deficit through the roof.

I am concerned that he seems to think he can reach that magic 4% by adjusting trade balances and import restrictions, including the importation of illegal immigrants. I'm not saying he can't do it and, in fact, I sure hope he pulls it off. But there aren't many economists, even conservative economists, expressing confidence that reducing imports and immigration is going be able to get us there. When was the last time we grew at 4%?

Reducing manufactured imports should stimulate domestic production to some degree, although if it starts a trade war, we may find our own production reduced thereby. The deeper problem is that the return of domestic manufacturing isn't going to create nearly as many jobs as were lost when the factories left for China. This is because the work that was done then by people is done now by technology. The new production would increase GDP, of course, but as it results from capital investment (robots) not wages (workers) the wealth created will continue to go predominantly to the top 1%, from whence it will be even more safe from taxation under the Trump plan than it currently is.

Beneath Trump's simple public pronouncements lies a daring updating of reaganomic theory for the now global economy. Will it work as Trump promises? I sure hope so! If it doesn't produce the promised results by 2020, Trump can expect to be hung from the White House balcony by the same guys who voted him into office in 2016.
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Robert Stout
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Trumps economic plans are a work in progress...His tax plans are not feasible, but other plans can work despite Obama says they are not possible...Of course Obama only said what he was ordered to say from his masters on Wall Street and global corporations...The people can only get more with Trump than they are getting now............. :dunno:
Edited by Robert Stout, Dec 21 2016, 12:07 AM.
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70-101
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Trump's going to need over 50,000 hard working Americans to build his wall across Mexico, so this might help the economy. :hooray:
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coverpoint

A Japanese Company invests in a UK satellite company and the profits go straight offshore

Making America Great - Again...
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black sheep
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coverpoint
Dec 21 2016, 05:07 PM
A Japanese Company invests in a UK satellite company and the profits go straight offshore

Making America Great - Again...
You're a real "glass is half-empty" kind of person, aren't you? That kind of negativity shortens your life, you know...
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PATruth
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coverpoint
Dec 21 2016, 05:07 PM
A Japanese Company invests in a UK satellite company and the profits go straight offshore

Making America Great - Again...
Funny, American company's offshore profits remain offshore because the left wants 35% of the take? Now you complain about the Japanese repatriating their profits? The only point you are making is we need to make the US the best place on the planet to do business, then the profits will remain in the US.

It's good to see you are becoming a Trump supporter? Doesn't it feel great?
"No. No he won't. We'll stop it."
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George Aligator
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black sheep
Dec 22 2016, 11:03 AM
coverpoint
Dec 21 2016, 05:07 PM
A Japanese Company invests in a UK satellite company and the profits go straight offshore

Making America Great - Again...
You're a real "glass is half-empty" kind of person, aren't you? That kind of negativity shortens your life, you know...
The pessimist says the glass is half empty. The optimist says the glass is half full. The economist says the glass is too big. Our multi-trillion dollar economy isn't going to be managed by hoopla over a handful of on-shore jobs. The over-arching issue is the declining number of worker hours required to produce... well, to produce just about anything from a ton of steel to a smart phone.

We saw a similar increase in productivity in the Industrial Revolution, where the decline in demand for manual labor was more than compensated by the increased demand for manufacturing labor to produce the new machines. Blacksmiths went out of business but jobs as auto mechanics skyrocketed.

But our data from the last thirty years or so points conclusively to the conclusion that a similar labor pattern isn't happening in the new electronics revolution. The rapid decline in the number of hours needed to manufacture an automobile is not balanced by a huge demand for robotics designers and assemblers. Bank tellers displaced by ATMs don't get jobs in the ATM industry.

We are already skidding towards a catastrophic economic cliff. Adam Smith and Ricardo aren't going to help, neither is Cyrus McCormick or Henry Ford. We need a new glass.
Edited by George Aligator, Dec 22 2016, 12:05 PM.
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coverpoint

PATruth
Dec 22 2016, 11:07 AM
coverpoint
Dec 21 2016, 05:07 PM
A Japanese Company invests in a UK satellite company and the profits go straight offshore

Making America Great - Again...
Funny, American company's offshore profits remain offshore because the left wants 35% of the take? Now you complain about the Japanese repatriating their profits? The only point you are making is we need to make the US the best place on the planet to do business, then the profits will remain in the US.

It's good to see you are becoming a Trump supporter? Doesn't it feel great?
Yes - But of course, it doens’t come without American taxpayer support:

From a different source:
https://spaceflightnow.com/2016/04/19/florida-factory-to-mass-produce-satellites-at-record-pace/

“Space Florida, a state agency charged with luring commercial aerospace business to the Sunshine State, helped arrange $20 million in government incentives to bring the OneWeb factory to the Space Coast.”

And of course, our good friends in Russia get their fair share:

"The bulk of the initial constellation — totaling up to 700 satellites — will be launched by Russian Soyuz rockets under a contract signed last year between OneWeb and Arianespace. OneWeb ordered 21 Soyuz launches from up to four spaceports — the Baikonur Cosmodrome in Kazakhstan, Vostochny and Plesetsk in Russia, and the European-run Guiana Space Center in South America — to send up between 32 and 36 satellites at a time. Arianespace also secured optional orders from OneWeb for five more Soyuz launches and three flights of the next-generation Ariane 6 rocket."

Conservatives - thinking business welfare comes for free - lining up at the American taxpayer trough...
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clone
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Director @ Center for Advanced Memetic Warfare
coverpoint
Dec 22 2016, 05:35 PM
PATruth
Dec 22 2016, 11:07 AM
coverpoint
Dec 21 2016, 05:07 PM
A Japanese Company invests in a UK satellite company and the profits go straight offshore

Making America Great - Again...
Funny, American company's offshore profits remain offshore because the left wants 35% of the take? Now you complain about the Japanese repatriating their profits? The only point you are making is we need to make the US the best place on the planet to do business, then the profits will remain in the US.

It's good to see you are becoming a Trump supporter? Doesn't it feel great?
Yes - But of course, it doens’t come without American taxpayer support:

From a different source:
https://spaceflightnow.com/2016/04/19/florida-factory-to-mass-produce-satellites-at-record-pace/

“Space Florida, a state agency charged with luring commercial aerospace business to the Sunshine State, helped arrange $20 million in government incentives to bring the OneWeb factory to the Space Coast.”

And of course, our good friends in Russia get their fair share:

"The bulk of the initial constellation — totaling up to 700 satellites — will be launched by Russian Soyuz rockets under a contract signed last year between OneWeb and Arianespace. OneWeb ordered 21 Soyuz launches from up to four spaceports — the Baikonur Cosmodrome in Kazakhstan, Vostochny and Plesetsk in Russia, and the European-run Guiana Space Center in South America — to send up between 32 and 36 satellites at a time. Arianespace also secured optional orders from OneWeb for five more Soyuz launches and three flights of the next-generation Ariane 6 rocket."

Conservatives - thinking business welfare comes for free - lining up at the American taxpayer trough...
Libs concerned about the taxpayers....strange times we are living in.... :rotflmao:
Only liberals can choose not to go down the road to widespread, systematic violence.
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