Fred's turn to be pissed off

fedex_rtd

Well-Known Member
I would expect Fred along with other transportation companies CEO's to contact Don "the con" Trump and tell him to back down from the flight he is picking with Mexico.

We handle tons of freight into and out of Mexico every day through our southern ramps and stations.
 

It will be fine

Well-Known Member
I think the TPP is too complex for any normal person to have a real informed opinion. It sounds like backing out will be good in protecting American jobs in the short term. It will also allow China to have greater influence over South Asia in the long term.
 

bbsam

Moderator
Staff member
I think the TPP is too complex for any normal person to have a real informed opinion. It sounds like backing out will be good in protecting American jobs in the short term. It will also allow China to have greater influence over South Asia in the long term.
America backing away from global competition? WTF?!

The problem isn't that America doesn't compete. It's that the spoils of winning that competition go to the top. Joe six pack has gotten screwed. Along comes Trump and pulling out sounds like the answer but the problem will be compounded. America will lose influence, trade, and Joe six pack will continue to get screwed.
 

bacha29

Well-Known Member
I think the TPP is too complex for any normal person to have a real informed opinion. It sounds like backing out will be good in protecting American jobs in the short term. It will also allow China to have greater influence over South Asia in the long term.
You're right. It's a bad deal from the U.S perspective but it's the best that could be done given that primary objective is to curtail China's growing economic and military power in Asia and Europe.
 

vantexan

Well-Known Member
Well, so much for that 10 step wage increase.

And yet over and over we're told here that everything is set up to make the richest 1% richer while the middle class is shrinking and many are forced into wage slave status. Along comes Trump and does the exact opposite of what has been claimed here that he'll do, trying to jumpstart the economy and help average people. If pulling out of the TPP ultimately hurts us, then things can be negotiated. But if it puts more people to work here, and doing this along with other actions gives us a better overall economy, then great. We'll have to see if it works because what was going on wasn't working for too many.
 

bbsam

Moderator
Staff member
And yet over and over we're told here that everything is set up to make the richest 1% richer while the middle class is shrinking and many are forced into wage slave status. Along comes Trump and does the exact opposite of what has been claimed here that he'll do, trying to jumpstart the economy and help average people. If pulling out of the TPP ultimately hurts us, then things can be negotiated. But if it puts more people to work here, and doing this along with other actions gives us a better overall economy, then great. We'll have to see if it works because what was going on wasn't working for too many.
Geez, van. If we back out and China fills the void, why would other nations suddenly just decide to renegotiate with us? How could we possibly negotiate anything at that point that would be better at that point than where we are now? This simplistic Trumpian view is so shortsighted it's almost unbelievable.

And don't kid yourself. The 1% will always be buffered by the 99%.
 

vantexan

Well-Known Member
Geez, van. If we back out and China fills the void, why would other nations suddenly just decide to renegotiate with us? How could we possibly negotiate anything at that point that would be better at that point than where we are now? This simplistic Trumpian view is so shortsighted it's almost unbelievable.

And don't kid yourself. The 1% will always be buffered by the 99%.
First off China still has more than half a billion people in dire poverty. They need us to trade with because even though they have greatly improved their economy they're a long ways away from having an economy equal to ours. Second no one in the region wants to be dominated by China. Third all of our "free trade" isn't free. We have huge trade deficits with many countries. We don't put tariffs on products imported into the U.S. but they sure do with our products imported into their countries. We have as much right to protect our citizens as they do their's. The status quo meant American corporate leaders were getting rich off cheap labor while Americans couldn't compete with that labor. Too many of our companies go to great lengths to innovate then ship those ideas over to a factory overseas. At the same time our companies here are so over regulated, which so complicated things that it's not worth their while to even try to stay here or even create a new business. The doomsayers were saying a Trump win would cause the market to crash. Broke 20,000 instead. Business leaders are starting to believe he's serious about helping them here and the enthusiasm is growing.
 

Star B

White Lightening
1) Americans wont pay more for an American product. So, cheap chinese :censored2: it is.

2) The market over 20K? When it ended at 19742 the day prior to his inauguration. 258 points is nothing.... its not like the market started at 15k.
 

bbsam

Moderator
Staff member
First off China still has more than half a billion people in dire poverty. They need us to trade with because even though they have greatly improved their economy they're a long ways away from having an economy equal to ours. Second no one in the region wants to be dominated by China. Third all of our "free trade" isn't free. We have huge trade deficits with many countries. We don't put tariffs on products imported into the U.S. but they sure do with our products imported into their countries. We have as much right to protect our citizens as they do their's. The status quo meant American corporate leaders were getting rich off cheap labor while Americans couldn't compete with that labor. Too many of our companies go to great lengths to innovate then ship those ideas over to a factory overseas. At the same time our companies here are so over regulated, which so complicated things that it's not worth their while to even try to stay here or even create a new business. The doomsayers were saying a Trump win would cause the market to crash. Broke 20,000 instead. Business leaders are starting to believe he's serious about helping them here and the enthusiasm is growing.
Once we show the world that we will pull out of things like NAFTA and TPP, our word is crap. It's only possibly good for an election cycle.

It's called setting precedent and this is not a good one to set.
 

vantexan

Well-Known Member
Once we show the world that we will pull out of things like NAFTA and TPP, our word is crap. It's only possibly good for an election cycle.

It's called setting precedent and this is not a good one to set.
We are still by far the world's economic engine and they're wanting to trade with us. We got to that point by creating the world's largest middle class. By constantly chipping away at the middle class we lose our purchasing power and eventually our status as the place to trade with. We will just be another has been power like Great Britain. Fine for the elite, but a high percentage of citizenry on the dole. And the rest working to support the dole and just getting by.
 

vantexan

Well-Known Member
[/QUOTE] 2) The market over 20K? When it ended at 19742 the day prior to his inauguration. 258 points is nothing.... its not like the market started at 15k.[/QUOTE]
The stock market has risen over 1200 pts since he was elected and gained 2.2 trillion in value.
 

bacha29

Well-Known Member
2) The market over 20K? When it ended at 19742 the day prior to his inauguration. 258 points is nothing.... its not like the market started at 15k.[/QUOTE]
The stock market has risen over 1200 pts since he was elected and gained 2.2 trillion in value.[/QUOTE]
OK but consider this just 10% of the population controls controls 82% of all shares outstanding. So just what will it mean to the average working class grunt? Probably nothing. As for you guys carping about the repatriation of the billions companies have socked away in foreign bank. They have made it quite clear that if they can get it back here under the taxation terms they want which is zero or as close as they can get to it, their plan is not to expand operations and create all these jobs everybody is hopeful of becoming reality but rather they are going to spend it on stock buy backs, dividends and M&A. They have made that fact as clear as it can be made. So VT and others get that idea of an expanding economy and newly created good paying manufacturing jobs and an improved standard of living for the average out of your heads. It's just not going to happen.
 

vantexan

Well-Known Member
2) The market over 20K? When it ended at 19742 the day prior to his inauguration. 258 points is nothing.... its not like the market started at 15k.
The stock market has risen over 1200 pts since he was elected and gained 2.2 trillion in value.[/QUOTE]
OK but consider this just 10% of the population controls controls 82% of all shares outstanding. So just what will it mean to the average working class grunt? Probably nothing. As for you guys carping about the repatriation of the billions companies have socked away in foreign bank. They have made it quite clear that if they can get it back here under the taxation terms they want which is zero or as close as they can get to it, their plan is not to expand operations and create all these jobs everybody is hopeful of becoming reality but rather they are going to spend it on stock buy backs, dividends and M&A. They have made that fact as clear as it can be made. So VT and others get that idea of an expanding economy and newly created good paying manufacturing jobs and an improved standard of living for the average out of your heads. It's just not going to happen.[/QUOTE]
That's what you are hoping will happen. However if Trump makes it easier to do business, easing the regulatory burden, you'll see investment in this country like we haven't seen in a very long time. You need to expand your horizon a bit. If growth is reestablished money will also come in from outside the U.S. from foreign investors too. The irony is we may at some point have to import more foreign nationals to meet the employment demand.
 

Star B

White Lightening
That's what you are hoping will happen. However if Trump makes it easier to do business, easing the regulatory burden, you'll see investment in this country like we haven't seen in a very long time. You need to expand your horizon a bit. If growth is reestablished money will also come in from outside the U.S. from foreign investors too. The irony is we may at some point have to import more foreign nationals to meet the employment demand.

Trickle Down Fail. All that will happen is that the rich get richer by hiding more money offshore. It was tried during the Regan/G HW Bush years and failed. That was also when Globalization was non existent. I hate to say this but if you think that trickle down will work in a world where I can communicate with China in real-time at near no cost.... your delusional. Trickle down had the best chance of working when we were more isolated from the world. It didn't then... it wont now.

To cite wikipedia (who cited the 2007 NYT
Contrary to popular belief, a decrease of the upper income tax level in the U.S. from 91% to 70% did not stimulate the economy, as annual growth declined from 2.1% per year to 1.5%. The slowest growth actually came during the years with the lowest upper tax rate.[17][18]
 

MrFedEx

Engorged Member

Poor Fred. He visited Trump in NYC after the election, apparently to plead his case. There is a huge split in the GOP between free market, free trade Republicans like Smith, and protectionists like Trump.

Trump is doing his level best to kill the global economy, and Fred knows FedEx will be damaged badly.2 rumors I have heard is that some new Boeing's are going to the desert and that Smith is retiring.

This will get even more interesting.
 

Fred's Myth

Nonhyphenated American
Poor Fred. He visited Trump in NYC after the election, apparently to plead his case. There is a huge split in the GOP between free market, free trade Republicans like Smith, and protectionists like Trump.

Trump is doing his level best to kill the global economy, and Fred knows FedEx will be damaged badly.2 rumors I have heard is that some new Boeing's are going to the desert and that Smith is retiring.

This will get even more interesting.
I believe your Capital account regarding rumors at FedEx is bankrupt. I would, however, be interested in any FACTUAL information you have that would illuminate the discussion.
 
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