Moneymoney

Wed Feb 22, 2017, 09:23 PM

Erie, PA-- came home in the middle of a PBS...

story about its history and current problems.

It came into being as a rail and great lakes junction, with nearby coal reserves. Lasted until well after WWII as a manufacturing and transportation hub.

.After WWII, many US industries didn't upgrade facilities since our manufacturing base wasn't bombed into oblivion like Europe and Japan. Eventually, Erie factories were replaced by modern ones in other parts of the country with oil and gas piping, nonunion workers, cheap land, and other things more useful than what Erie had in the old days.

(Now some of you may begin to earn your per word pay as you tell me how wrong I am)

None of the old jobs are coming back. They just aren't. The place is reminiscent of Canarsie, Elizabeth, the Bronx, and part of Manhattan where sugar was bagged, macaroni was made, and pots and pans were forged. All that stuff ins gone, gone, gone. And never coming back. No matter what Trump promises.

The lofts in Brooklyn and Manhattan, and on the Jersey side of the Holland tunnel became a mixture of small business an artsy housing. The Cookie Factory in Elizabeth still made cookies last time I was there, but in only maybe a 10th of the space.

So, what does this mean? One of the talking heads said the biggest problem was the lack of new business startups, and that sounded spot on. New thin gs to make and do, and new techniques for making and doiong them are where economic expansion comes from.

And pumpkinface has no plans to address that.

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Response to Scary Red (Original post)

Wed Feb 22, 2017, 09:55 PM

1. Those jobs won't go into high taxation/regulation states like new york

But manufacturing is alive in the United states. I make tooling for many different products produced here so I have some insight on what is still produced. I just bought a kitchen aid can opener made in the USA and I believe in new York. Great can opener and was $8 more than the made in China can opener but made much better.

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Response to Scary Red (Original post)

Wed Feb 22, 2017, 10:00 PM

2. Trump plans to reduce taxes on corporations and eliminate oppressive regulations ...

which makes starting new businesses difficult if not impossible.

If he can actually accomplish this the business environment in our nation will improve dramatically and not only will some multinational corporations move much of their operations back stateside but foreign companies may start increasing their manufacturing in our nation.

This could revitalize cities like Erie, Pa and Ashtabula, Ohio 54 miles west as well as many other cities in the rust belt.

Qualified workers will find many new employment opportunities and there may well be a shortage of workers. This shortage will lead to higher wages as companies compete for good workers which in turn will improve our economy. More employed workers plus higher wages will increase the tax base which can be invested in our nation's failing infrastructure. Repairing and improving the infrastructure will in turn generate even more good jobs and spur the economy even further. Trump also plans to restore the strength of our military which also means good high paying jobs in the manufacturing sector.

The hope that this could happen is driving the stock market to new record highs.

Trumps opponents; the Democrats, some Republicans and the MSM must strike fast to get Trump out of office or his popularity will skyrocket as he starts delivering on his promises.

Trump faces long odds at this point but Trump has been known to overcome long odds in the past.

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Response to batcat (Reply #2)

Wed Feb 22, 2017, 10:20 PM

3. How many times have Goppers made the same argument....

and then failed to deliver?

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Response to ProgressiveTaxation (Reply #3)

Wed Feb 22, 2017, 10:44 PM

4. The problem with the GOP is that it makes promises and rarely does anything. ....

They had eight years to come up with a good replacement for ObamaCare and they still can't agree on how to do it. That's not Trump's fault as in reality he really isn't a conservative Republican. He just hijacked the Republican Party to win the Presidency as he was smart enough to realize that he would have never won if he had run third party.

In my opinion Trump needs to start pushing the Republican Party to actually do some work for a change. Perhaps he should outline his plans and use his leadership skills to force the Republicans to go along. He might attack those Republicans who refuse to work on Twitter.

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Response to Scary Red (Original post)

Wed Feb 22, 2017, 10:46 PM

5. When the CEO of Carrier was asked why they were moving to Mexico

The CEO said Carrier was moving because excessive regulations were cutting into their profits and they were finding it difficult to compete in a global market.

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Response to Scary Red (Original post)

Wed Feb 22, 2017, 10:53 PM

6. I wrote a white paper on the rust belt/ lakes region eh, 7 years ago. It's the next RRE/CRE boom.

Skilled labor
Cheap heavy barge transport
100 miles of primary food source
inexpensive housing
electrical backbone
existing factory space

You aren't understanding the future AT ALL. You think Buffett and Bill Gates bought all that rail for the intercontinental freight rates???

You have to rapidly learn to see the whole field and think long term....


the Germans do though don't they? Look what they were doing in 2007.....

http://seekingalpha.com/article/53004-deutsche-bank-owns-cleveland-who-knew

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Moneymoney