Thursday, December 01, 2016
Watching cautiously
For the first time since June, Trump has said and done the right thing. Made a deal to keep jobs in Indiana, and openly stated that he will continue to keep jobs here. Benefits for companies that comply, punishment for offenders. That's PROPER INDUSTRIAL POLICY. Carrots and sticks.
It's possible that Carrier got more than it gave; possible that Trump allowed it to move 10k jobs away from other plants in order to keep the advertised 1k. We need to watch carefully.
If he can keep Wall Street happy and simultaneously re-grow REAL VALUE industry, that's fine. I'd love to see Wall Street confiscated and jailed, but the main point is the REAL VALUE elsewhere.
REAL VALUE emphatically includes REAL BANKING, ie paying interest for savings and charging interest for loans. So far Trump hasn't said or done anything in that department.
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Update July 2017: Sure enough, the Carrier thing was fake, like all of Trump. After making a splash of publicity, Carrier went ahead and moved the jobs anyway.
Labels: skill-estate
¶ 3:22 PM
