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by AlexTWithBeard 2745 days ago
Did you expect zero layoffs across the United States for the next ten years after the tax cuts?
2 comments

Tax cuts aren't even a year old and were sold on the premise of job growth.
Are you claiming that there hasn't been any job growth since January 1?
Not more than pre-tax cut trend. The critique was always that companies aren't hurting for cash so a tax cut is pointless and will only balloon the deficit. That's exactly what has happened. We gained nothing but a shorter debt bomb fuse.
Outside of the normal trend, yeah. There isn't much growth difference than pre-tax treatment.

The national deficit is the highest it's been since the recession though, and growing faster than before.

At least during the recession when our tax money was given to corporations, there were strings attached. Now it's all stock buybacks to fight the shrinking market, brought on by the stupid trade war.

Which is being achieved if you look at the overall numbers. One company doesn't represent total job growth. If GM fails and Tesla takes its place will you blame that on Trump too?
Two companies in two weeks have announced 10,000+ layoffs. Rumor is Ford is about to as well.
So what? Far more new jobs than that have been created.
Announcing huge layoffs is not a positive market indicator. Similar to inverted yields, massive market drops or VIX growth, it is indicative of a wind shift.
Interesting observation that both companies have strong unions.

It's too early to imply a reliable correlation (not even mentioning causation), but surely something to watch after...

There are several integer values between 0 and 10400.