AP FACT CHECK: Clinton takes liberties in Trump takedown

[Mechanicos]

AP FACT CHECK: Clinton takes liberties in Trump takedown

Hillary Clinton rattled off a series of claims about Donald Trump on Tuesday that seemed too strange to be true. Some were. Some weren't.

CLINTON: "Donald Trump ... has no serious plan to encourage manufacturing, innovation or job creation in America."

THE FACTS: Serious is in the eye of the beholder, but Trump's proposal to sharply cut the corporate tax rate from 35 percent to 15 percent is intended to encourage more businesses to remain in the U.S. rather than move overseas. Trump's proposed cut is steeper than most but the idea of cutting corporate taxes has widespread support among economists. President Barack Obama proposed cutting the rate to 28 percent from 35 percent in 2012.

---

CLINTON: "The Trump campaign said that, if worst came to worst, we could just sell off America's assets. Really? Even if we sold all our aircraft carriers and the Statue of Liberty - even if we let some billionaire turn Yosemite into a private country club - we still wouldn't even get close. That's how much debt he'd run up."

THE FACTS: First, Trump and his team weren't talking about paying off debt that "he'd run up." They were talking about eliminating the $19 trillion in debt on the books from previous years. Trump himself talked about doing this through robust economic and job growth, not stripping the U.S. of what the government calls "heritage treasures" like parks and monuments.

To be sure, economists of various stripes say it's impossible to eliminate an enormous debt built up over generations simply with strong growth. Trump's fiscal numbers don't add up. But he has never suggested a fire sale on Lady Liberty.
[Excerpted]

http://hosted.ap.org/dynamic/stories/U/US_CAMPAIGN_2016_CLINTON_ECONOMY_FACT_CHECK?SITE=AP&SECTION=HOME&TEMPLATE=DEFAULT

[RedHead]

CLINTON: "Donald Trump ... has no serious plan to encourage manufacturing, innovation or job creation in America."

THE FACTS: Serious is in the eye of the beholder, but Trump's proposal to sharply cut the corporate tax rate from 35 percent to 15 percent is intended to encourage more businesses to remain in the U.S. rather than move overseas. Trump's proposed cut is steeper than most but the idea of cutting corporate taxes has widespread support among economists. President Barack Obama proposed cutting the rate to 28 percent from 35 percent in 2012.

And just how will it do that?  Cutting the corporate taxes for companies like Carrier and Ford will certainly add more in profits but how will it cause them to move manufacturing back to the U.S.?

CLINTON: "The Trump campaign said that, if worst came to worst, we could just sell off America's assets. Really? Even if we sold all our aircraft carriers and the Statue of Liberty - even if we let some billionaire turn Yosemite into a private country club - we still wouldn't even get close. That's how much debt he'd run up."

THE FACTS: First, Trump and his team weren't talking about paying off debt that "he'd run up." They were talking about eliminating the $19 trillion in debt on the books from previous years. Trump himself talked about doing this through robust economic and job growth, not stripping the U.S. of what the government calls "heritage treasures" like parks and monuments.

Actually that sounds exactly like what he is proposing: http://www.nbcnews.com/politics/2016-election/donald-trump-s-unusual-plan-lower-national-debt-sell-government-n549946

But I'll bite.  How will economic growth and job growth cut the deficit when considered along with his other proposals?

[Mechanicos]

And just how will it do that?  Cutting the corporate taxes for companies like Carrier and Ford will certainly add more in profits but how will it cause them to move manufacturing back to the U.S.?


Actually that sounds exactly like what he is proposing: http://www.nbcnews.com/politics/2016-election/donald-trump-s-unusual-plan-lower-national-debt-sell-government-n549946

But I'll bite.  How will economic growth and job growth cut the deficit when considered along with his other proposals?

In Essence its basically stop the hemorrhaging and encourage local business investment and growth. A good primer on the economic principles involved; https://www.amazon.com/Wealth-Nations-Adam-Smith/dp/1604598913

[INVAR]

And just how will it do that?  Cutting the corporate taxes for companies like Carrier and Ford will certainly add more in profits but how will it cause them to move manufacturing back to the U.S.?

It won't. 

There's absolutely NO incentive whatsoever for corporations to repatriate and trade the infrastructure they have created overseas with low taxes and low labor costs for the burdensome regulations that this nation imposes on companies.

Until the EPA, OSHA, UNIONS and a whole mess of regulations, oversight and punitive taxes are abolished, there is absolutely NO REASON any company that relocated overseas will come back here.

None.

There is nothing this country provides that makes manufacturing here attractive.  Nothing.

It's just a fantasy and pipe dream to fool the masses that Trump is playing.  Trump has not come close to suggesting gutting the Federal Beast that ran off corporations to begin with.  Instead he has proposed growing the Federal Beast and imposing MORE punitive actions and taxes upon US Corporations with tariffs and punishment programs to force manufacturers to "make their damn products here".

Trump will make history forget the calamity that Herbert Hoover fostered.

[Mechanicos]

It won't. 

There's absolutely NO incentive whatsoever for corporations to repatriate and trade the infrastructure they have created overseas with low taxes and low labor costs for the burdensome regulations that this nation imposes on companies.

Until the EPA, OSHA, UNIONS and a whole mess of regulations, oversight and punitive taxes are abolished, there is absolutely NO REASON any company that relocated overseas will come back here.

None.

There is nothing this country provides that makes manufacturing here attractive.  Nothing.

It's just a fantasy and pipe dream to fool the masses that Trump is playing.  Trump has not come close to suggesting gutting the Federal Beast that ran off corporations to begin with.  Instead he has proposed growing the Federal Beast and imposing MORE punitive actions and taxes upon US Corporations with tariffs and punishment programs to force manufacturers to "make their damn products here".

Trump will make history forget the calamity that Herbert Hoover fostered.

Who is it who appoints the heads of all those regulatory agencies? Oh Right... the President under the executive branch. How much can the  US make selling drilling and timber cutting permits? Etc.

[INVAR]

Who is it who appoints the heads of all those regulatory agencies? Oh Right... the President under the executive branch. How much can the  US make selling drilling and timber cutting permits? Etc.

Who funds them?

Who controls the purse strings?

Besides the point that your prince has not once suggested getting rid of any those regulatory agencies, so your vain attempt to suggest that Trump will appoint people who will phase out their power is ludicrous.

Instead as Trump himself stated on numerous occasions, he intends to use them to punish corporations like Apple to force them to "make their damn products here".

A real yuuuuuge incentive for companies to even look at manufacturing here…. NOT.