Trump Announces SoftBank to Invest $50 Billion, create 50,000 American Jobs

[ag]

Why not hire all those guys to copy Encyclopedia Britanica by hand  and pay each one of them USD$1,000,000 (of course, they would have to provide their own writing materials)?

I now remember, where I have heard about a similar case. Actually, I should have thought of it before: the hair color!

Well, I didn't think there'd be a Sherlock Holmes reference in this thread.

I am afraid, there is going to be one giant Sherlock Holmes reference in US politics for quite a long time.

Keep copying...

[Bismarck]

More crony capitalism.

Yep. GOP, the party of crony capitalism. When Obama attempted anything even bordering on this, they had a meltdown - "muh free market! Socialism!" But when they do it, well, that's just putting America first. I think any Republican who was a party affiliate on the basis of fiscal responsibility and free markets should be seriously reevaluating their allegiance. Same with anyone who doesn't endorse crony capitalism.

It feel good to see both parties showing their true colors. Neither the Democrats or Republicans are "free market".

Oh well, maybe the ends justify the means, so who knows. *shrugs*

If history and economics are any indicators, crony capitalism doesn't end well for anyone besides the ones at the top getting fat off these deals. The workers lose, fair competition loses, and, ultimately, the economy loses. The aim of our politics should be creating a fair playing field for all, so that every business has the chance to compete in the market place, unobstructed by monopolies or the government squandering taxpayer money benefitting one business at the expense of another.

I completely agree, but our ideology is dead for the next couple of years. One day the country will realize you can't prop up businesses and industries that aren't competitive in the market.

You guys think the goal of the government should be to create a fair playing field and that success should depend on market forces?! Maybe the parties really are switching sides. That sounds like pre Trump GOP rhetoric.

[JA]

More crony capitalism.

Yep. GOP, the party of crony capitalism. When Obama attempted anything even bordering on this, they had a meltdown - "muh free market! Socialism!" But when they do it, well, that's just putting America first. I think any Republican who was a party affiliate on the basis of fiscal responsibility and free markets should be seriously reevaluating their allegiance. Same with anyone who doesn't endorse crony capitalism.

It feel good to see both parties showing their true colors. Neither the Democrats or Republicans are "free market".

Oh well, maybe the ends justify the means, so who knows. *shrugs*

If history and economics are any indicators, crony capitalism doesn't end well for anyone besides the ones at the top getting fat off these deals. The workers lose, fair competition loses, and, ultimately, the economy loses. The aim of our politics should be creating a fair playing field for all, so that every business has the chance to compete in the market place, unobstructed by monopolies or the government squandering taxpayer money benefitting one business at the expense of another.

I completely agree, but our ideology is dead for the next couple of years. One day the country will realize you can't prop up businesses and industries that aren't competitive in the market.

You guys think the goal of the government should be to create a fair playing field and that success should depend on market forces?! Maybe the parties really are switching sides. That sounds like pre Trump GOP rhetoric.

Capitalism isn't a bad thing, if done correctly. The government picking winners and losers, enabling corporations to increase in size and power to near monopolistic force, and trade deals struck in back rooms by multinational corporate lobbyists and bought off legislators is not capitalism done correctly. The free market has proven itself to be the best method of stability, innovation, and economic development in history. Of course, there are some areas where public-private partnerships are beneficial (such as healthcare), regulations for the public good are necessary, and social welfare programs help stabilize society and benefit the people, but those should enhance, not obstruct, the market.