ChatterBank0 min ago
Could Labour Learn From The Donald?
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"He'll boost economic growth by slashing corporate taxes, red tape and government spending.
Which is the exact opposite of what Labour is plotting under Keir Starmer.
Instead of talking up the UK economy, Starmer has talked it down at every opportunity. He's destroyed business confidence by warning things will get worse."
"UK energy secretary Ed Miliband is blocking new North Sea oil exploration licences and throwing money at unproven green tech such as carbon capture and storage.
The US economy will soon be running red hot, while the UK will be taking a cold bath."
Oh dear Labour!
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“So why did the FTSE drop with Trump's election. ?”
It didn’t. It rose on opening when a Trump victory was all but guaranteed. It cooled off a little later in the day when further “small print” in the UK’s budget statement had been digested.
By contrast it lost over 100 points (about 1.4%) between closing on 29th October and closing two days later, the day after
trump's promised purge of undocumented migrants will cost hundreds of billions and do enormous damage to US agriculture and many parts of the service industry where they make up a disproportionate amount of the labour. of the native population a greater and greater proportion are entering retirement. such positions are not going to be magically filled by americans who need to earn significantly more in order to start and support their families. the economy will simply lose their value.
biden's plan to offer such people a pathway to citizenship was by far the more sensible thing to do. the USA truly is a nation of immigrants and would not exist without them. Trump's ruthless attack on 10 million people will do nothing but harm... but that's the idea. the cruelty is the point. his voters are not particularly interested in the economic angle, they are interested in harming people that they hate and provide the thinnest of rationalisations for it.
"Where do you get this information from?"
I can't understand that either.
According to untitled everybody who voted for Mr Trump is either uninformed or simply nasty. I can understand the simply nasty wanting to harm people but I don't think you can necessarily say that of those who are merely uninformed.
Perhaps we're moving towards them all being simply nasty.
Untitled; //trump's promised purge of undocumented migrants will cost hundreds of billions and do enormous damage to US agriculture and many parts of the service industry.../
Have you ever been to the US ? There are hundreds of thousands all over from NY to SF like this, many using and selling drugs as the crime rate soars. It's years since I worked there but my son works over there several months a year and says the situation in many cities is intolerable;
it's estimated that there are about 10-13 million undocumented migrants in the USA with millions of children having them as parents. given that they make up such a huge part of america's agrarian workforce and also its service industry it is estimated that they contribute about $90 billion dollars annually to the US economy
the cost of deporting so many people is estimated at somewhere between $315 billion and $967 billion by the American Immigration Council.... consider the long-term cost to the US taxpayer of caring for their US-born children in cases where they are orphaned by deporting their parents.
trump has promised "no price tag" for this insane and destructive plan that will immiserate or kill huge numbers of people for the sake of extreme nationalist ideology. it will be enormously costly and the american taxpayer will be payinh through the nose for it.
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