Harley Davidson took its tax cut, closed a factory, and rewarded shareholders

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UberNeuman

UberNeuman

Lifer
Nov 4, 1999
16,937
3,087
126
I'm sure the the workers who voted for Trump are happy over it. After all, Jobs are for Pussies.
 
K1052

K1052

Elite Member
Aug 21, 2003
49,138
39,333
136
Guess people should have taken those CEOs at their word that they'd use the cuts for buybacks/dividends instead of increasing wages, hiring, and making capital investments.
 
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S

SNC

Platinum Member
Jan 14, 2001
2,166
202
106
For those of us who once believed in the notion of TDE, these are the things that should wake you up and see that even the best laid plans... It's time to stop and go back to the 30s and 40s for a while to remind those at the top how fucking bad it could be. Charges of treason brought against any owners/board members who attempt to take the business overseas or hide income, and executed if found guilty. Fuck it!
 
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J

Jhhnn

IN MEMORIAM
Nov 11, 1999
62,365
14,681
136
fskimospy said:
Despite their tax cuts immediately failing to do what they promised I would put the odds that Republicans make identical claims next time they want to pass a tax cut at about 100%.
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The worst part is that the chances of the Faithful buying into it are also about 100%. Because Freedom.

It looks like this-

Wealth_line-chart.svg
 
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GagHalfrunt

GagHalfrunt

Lifer
Apr 19, 2001
25,284
1,997
126
Hmm, just like when Obama bailed out Wall Street and the money was paid out in bonuses to the execs that wrecked Wall Street.
 
dank69

dank69

Lifer
Oct 6, 2009
36,577
31,343
136
GagHalfrunt said:
Hmm, just like when Obama bailed out Wall Street and the money was paid out in bonuses to the execs that wrecked Wall Street.
Click to expand...
https://en.wikipedia.org/wiki/Emergency_Economic_Stabilization_Act_of_2008
The Emergency Economic Stabilization Act of 2008 (Division A of Pub.L. 110–343, 122 Stat. 3765, enacted October 3, 2008), commonly referred to as a bailout of the U.S. financial system, is a law enacted subsequently to the subprime mortgage crisis authorizing the United States Secretary of the Treasury to spend up to $700 billion to purchase distressed assets, especially mortgage-backed securities, and supply cash directly to banks. The funds for purchase of distressed assets were mostly redirected to inject capital into banks and other financial institutions while the Treasury continued to examine the usefulness of targeted asset purchases.[1][2] Both foreign and domestic banks are included in the program. The Act was proposed by Treasury Secretary Henry Paulson during the global financial crisis of 2008 and signed into law by President George W. Bush on October 3, 2008.
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Look what a fool you are.
 
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J

Jhhnn

IN MEMORIAM
Nov 11, 1999
62,365
14,681
136
GagHalfrunt said:
Hmm, just like when Obama bailed out Wall Street and the money was paid out in bonuses to the execs that wrecked Wall Street.
Click to expand...

The bailout was under way before Obama took office. It was the quickest 180 ever executed by the GOP, from free market rah-rah to necessary action almost overnight. The Ownership Society was the greatest looting spree in the history of finance.
 
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