Clearly the thread I started was about Trump's loss of $1B. Please stay on-topic.
-
Welcome to Baptist Board, a friendly forum to discuss the Baptist Faith in a friendly surrounding.
Your voice is missing! You will need to register to get access to all the features that our community has to offer.
We hope to see you as a part of our community soon and God Bless!
Decade in the Red: Trump Tax Figures Show Over $1 Billion in Business Losses
- Thread starter FollowTheWay
- Start date
- Status
GoodTidings
Well-Known Member
We already see based on your empty responses. If there was any substance to your posts, you would present something.
Where is the wall? Where is better medical insurance for all Americans? In what way has he made us safer from N. Korea, Russia and China? He spoke out against GW Bush's needless wars in Iraq and Afghanistan and now he's trying to start a war in Iran. He said he would reduce the deficit but has increased it to increase the debt by $1.5T. Where are the jobs for the coal miners? He spoke in favor of the middle class but everything he has done favors the ultra-rich. This list of things Trump promised but hasn't delivered on goes on and on....
Last edited:
GoodTidings
Well-Known Member
Why do you think that American coal and steel companies are not worth saving?
Banks won't lend to him anymore. Why do you think that is? I think that's why he looked to Russia to keep his scam going.
The top 5 coal companies including the biggest, Peabody Coal, have already gone bankrupt. The coal industry is like the buggy whip industry. It's been passed by by superior alternatives.
Yes. In our history many car companies have gone out of business. When was the last time you saw a Studebaker or a Packard car dealership anywhere?
The fact is, the Federal government was not established to bail out private corporations and nowhere in the Federal compact does that mandate exist. The Federal government exists to write the rules for the many businesses that operate in our capitalistic society and the bankruptcy laws are one of them. If GM was so bad financially they should have been allowed to go under, so what exactly made them made them so special?
Ah hah! So why are we bailing out car companies? If they can't make the kind of product that the public wants to buy then they should be allowed to fail - just like the buggy whip industry.
Prove to me that banks won't lend to Trump anymore.
Why would he be looking for loans. He's the President of the United States.
GoodTidings
Well-Known Member
It is called a "wall" and it is being built as we speak. Shanahan just moved $1.5 Billion in defense spending to continue building the wall.
It's on the way. He has been hampered by obstructionists in Congress who don't want him to achieve better health insurance because that would mean a legislative victory for Trump. The liberals in Congress would rather you stay sick and they are willing to sacrifice your health in order to stymie Trump.
NK isn't testing long range nukes like they were during Obama's presidency. They don't have the nerve to resume those tests. All they have done is shoot off some short range missiles.
No, he is not starting a war with Iran. Iran is ramping up hostilities with us and we are prepared to respond.
I know, but that is the consequence of a previous administration that was letting our military go to pot, who did nothing about our crumbling infrastructure and our out-of-date electrical grid. And now those problems that have to be fixed, are now really expensive because the previous two administrations did nothing about them. It's kind of like when you have an illness and you let it go for too long, it becomes more expensive to treat when you can no longer ignore it. Trump is spending, but he is spending in the right places. Unlike Obama who spent $800,000,000 on a stimulus that pretty much went nowhere.
Trump is bringing back jobs to the US, that no one said would ever come back and he is bringing back prosperity that we have not seen before.
He has stopped the erosion of coal mining jobs and the Bureau of Labor Statistics states that 2,000 coal mining jobs were added under Trump. But this is work in progress. We are not where we were in 2010, but we are headed in that direction.
That is not true, Trump has lowered unemployment to historically low levels and has brought back so many jobs, that we have more jobs than people to work them. He has lowered taxes in order to create an environment favorable to job growth. Yes, the rich benefited, but the rich are the ones who create the jobs. When they can expand and add stores and branches to their businesses, that is good for the middle class. Lower taxes benefit the middle class, as well. When we have unemployment as low as it is now, you cannot say that nothing was done for the middle class. The middle class also benefits greatly from the tax cuts, as well. So you really don't know what you're talking about. When you have more people working, you have more people paying taxes and that means you have a larger tax base shouldering the tax burden, thus you can afford to keep taxes low. And lower taxes means more buying power and that means a stronger economy.
There will probably be some things Trump can't do. You make promises when you are a candidate, but then when you actually get to the Oval Office, you find out that some of your promises are simply not achievable. We expect a certain margin for that reality.
But Trump has kept nearly 80% of his promises, and that is far better than Obama, Bush, Clinton and Reagan combined. He has made a good faith effort to keep his promises and has done so, more than anyone else. Trump isn't done keeping his promises and more is to come in the future, even if he doesn't hit 100% he is far better than any president previously, at keeping his promises.[/quote]
GoodTidings
Well-Known Member
Companies go out of business all of the time. It is not the job the government to keep businesses from going out of business. We are a free market capitalistic economy. If you don't provide a good enough product, if you mismanage your affairs, you deserve to go out of business. The free market decides who stays in business and who doesn't. Just because some coal companies folded doesn't mean that Trump has done things to create an environment favorable to business, including coal.
It is due to his policies that coal companies have been able to maintain solvency. If the Left had their way, they would have destroyed the coal industry. Trump has made it possible for them to survive, but it is not his job to bail out failing companies.
In a free market weak companies lose out. That's what happened to the coal companies. Are you suggesting interfering with the free market?
That is not what happened to the coal companies. What did happen was Obama regulated them closed. He had made the claim he would do that long before he became president.
Please, stop this "Democracy" mantra. We are a Constitutional Republic whose representatives are elected in a democratic fashion - that's it! Once elected, our representatives are supposed to pass laws in accordance with the Constitution and not deviate from it as they seem to do so often.
The Federal government has it's powers spelled out in the Constitution, and anything not specifically cited as an enumerated power of said Federal government belongs to the individual states, or to the people.
GoodTidings
Well-Known Member
No. Like RevMitchell pointed out, the companies were being regulated out of business by Obama-era policies and those policies were going to be continued by Hillary when she stated during the campaign in Ohio that they were going to put the coal miners out of business. It is the Democrats who wanted to interfere with free market.
Trump has brought back an environment that favors the free market, that favors the creation and preservation of jobs for Americans and that includes the coal mining industry. We are a oil and coal economy, like it or not.
Trump is repealing Obama's regulations so that the coal industry can survive. He never promised to save every single coal mining job. But he has kept his promises to the coal miners and is doing what he can to help them keep their businesses running.
Care to walk back your defense of Obama bailing out GM?
Um, you still having problems keeping up: I answered that too, right after addressing your misinformed notion of the cause of the recession.
- Status