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Author: Subject: President Trump and the Republicans deliver major Tax Cut and Jobs Act

Maximum Peach



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  posted on 1/18/2018 at 08:26 AM
Hopefully Apple will just be the first to repatriate foreign held cash, the new tax law makes it more financially feasable.

quote:
Apple, Capitalizing on New Tax Law, Plans to Bring Billions in Cash Back to U.S.

By DAISUKE WAKABAYASHI and BRIAN X. CHENJAN. 17, 2018


SAN FRANCISCO — Apple, which had long deferred paying taxes on its foreign earnings and had become synonymous with hoarding money overseas, unveiled plans on Wednesday that would bring back the vast majority of the $252 billion in cash that it held abroad and said it would make a sizable investment in the United States.

With the moves, Apple took advantage of the new tax code that President Trump signed into law last month. A provision allows for a one-time repatriation of corporate cash held abroad at a lower tax rate than what would have been paid under the previous tax plan. Apple, which has 94 percent of its total cash of $269 billion outside the United States, said it would make a one-time tax payment of $38 billion on the repatriated cash.

For years, Apple had said it would not bring its foreign earnings back to the United States until the corporate tax code changed, because such a move would be too costly. Now Apple’s bet to hold back on paying such taxes is reaping rewards under the Trump administration.

In return, Mr. Trump and other Republicans can point to Apple as having come around because of their legislative action. The $38 billion tax payment from the Silicon Valley giant is set to be among the biggest payouts from the tax bill, and Apple said it would put some of the money it brought back toward 20,000 new jobs, a new domestic campus and other spending.

“I promised that my policies would allow companies like Apple to bring massive amounts of money back to the United States,” Mr. Trump tweeted on Wednesday. “Great to see Apple follow through as a result of TAX CUTS.”

Timothy D. Cook, Apple’s chief executive, said in a statement, “We have a deep sense of responsibility to give back to our country and the people who help make our success possible.”

Apple estimated that its direct impact on the American economy would total more than $350 billion over the next five years, but how much that goes beyond what the company would have spent anyway is unclear. Apple’s current pace of spending in the United States is $55 billion for 2018, so it was already on track to spend $275 billion over the next five years. After the $38 billion tax payment is subtracted, that leaves its new investment at roughly $37 billion over the next five years.

A. M. Sacconaghi, a financial analyst for Sanford C. Bernstein, said Apple had consistently spent tens of billions of dollars on areas like staffing and capital expenditures in recent years. Bringing back the overseas cash, he said, does little to aid its expansion. But it makes the company appear to answer Mr. Trump’s call for more jobs to be created in the United States.

“This is Apple putting its best foot forward consistent with objectives of the administration,” Mr. Sacconaghi said.

Apple is one of several multinational giants that have kept a total of roughly $3 trillion in global profits off their domestic books to sidestep the previous 35 percent federal corporate tax rate. Under the new tax law, companies that make a one-time repatriation of cash will be taxed at a rate of 15.5 percent on cash holdings and 8 percent on nonliquid assets. That is lower than the new 21 percent corporate rate. And under the new tax code, Apple would also have been taxed whether it brought the money back or not.

By shifting the money under the new terms, Apple has saved $43 billion in taxes, more than any other American company, according to the Institute on Taxation and Economic Policy, a research group in Washington.
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Other tech giants are set to follow suit in the coming months. Companies like Microsoft, Alphabet and Cisco also shifted their profits into offshore shell companies, avoiding billions of dollars in taxes, and are now in a better position to bring the money back.

Although Republican supporters of the tax law argued that the influx of international profits would create jobs and increase wages, many economists disagreed that a one-time repatriation would have any substantial impact on real investment.

Apple’s announcement, couched as a major investment in the United States instead of a massive financial windfall, followed years of criticism that the company did not do enough for the American economy because it makes most of its products in China and parked its profits abroad.

During the 2016 presidential campaign, Apple was a frequent target of Mr. Trump, who pledged that as president he would force the company to start making iPhones and Macs in the United States. While that hasn’t happened and is unlikely to, Apple has since gone on a charm offensive to demonstrate its value to the American economy.

The company has highlighted the number of jobs created by the so-called app economy, an ecosystem of software and services that run on the iPhone and other Apple products. Last year, Apple also said it was creating a $1 billion fund to invest in advanced manufacturing in the United States. On Wednesday, Apple said it was increasing the size of that fund to $5 billion and noted that it was already backing projects from manufacturers in Kentucky and Texas.

Apple, which is based in Cupertino, Calif., also took a page out of Amazon’s public relations strategy on Wednesday by saying it will open a new domestic campus in a location where it currently has no operations. Amazon garnered good will throughout the country last year when it announced plans to open a second corporate headquarters outside its home base of Seattle.

Apple currently has about 84,000 employees in the United States, so 20,000 new jobs would be a 24 percent increase. The company added that it would invest more than $30 billion in capital expenditures, or spending on parts and the equipment required to produce them, over the next five years in the United States.

For a comparison, Apple spent $14.9 billion in capital expenditures in the last fiscal year, though it did not specify how much it spends in the United States alone.

For Apple, repatriating the cash creates opportunities that could include acquisitions and higher dividends for shareholders. The company had previously chosen to borrow money to fund its stock buybacks and dividends, instead of bringing its cash back from abroad. Over the last five years, Apple has returned $233 billion in cash to shareholders through buybacks and dividends.

Paying $38 billion in taxes now is unlikely to strain Apple’s checkbook because the company had already earmarked $36.4 billion in anticipation that it would eventually have to pay taxes on its foreign earnings.

“From a financial statement perspective, it’s going to be a nonevent,” said J. Richard Harvey, a Villanova University law professor and former Internal Revenue Service official. Other companies are not as prepared, he said, and would likely have to take a significant loss should they make a one-time cash repatriation.

Apple employees will see benefits as well. Mr. Cook said in an email to staff on Wednesday that Apple was increasing investment in its employees by rewarding them with bonuses of $2,500 in restricted stock units, according to people familiar with the matter, who asked not to be identified because the plans were not public. Apple joins other companies, such as AT&T, that have issued employee bonuses since the tax law was signed.

https://www.nytimes.com/2018/01/17/technology/apple-tax-bill-repatriate-cas h.html



[Edited on 1/18/2018 by nebish]

 

Universal Peach



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  posted on 1/18/2018 at 07:50 PM
Great news is worth repeating!

President Trump and The Republican’s Tax Cut and Jobs Act continues to greatly help The U.S. and American Workers:

Apple is building a new campus and will hire 20,000 new employees
www.businessinsider.com

• Apple on Wednesday announced plans to open a new campus in the United States and said it would hire 20,000 new employees over the next five years.

• It also says it plans to pay $38 billion in repatriation tax. CNBC estimated that with the new repatriation tax rate of 15.5%, the company would bring nearly all its overseas cash, or about $245 billion, back to the United States.

Apple on Wednesday announced plans to open a new campus this year as part of an effort to hire 20,000 new workers over the next five years.

The company said in a statement that it would "establish an Apple campus in a new location," to be announced "later in the year," that would "initially house technical support for customers."

Apple declined to give more information on the location of the new campus, though it says it's building a separate new facility in Reno, Nevada.

Apple also says it will make a "direct contribution" of more than $350 billion to the US economy over the next five years through making new investments and purchasing materials from American companies. Apple estimates it will spend $55 billion this year with its more than 9,000 American suppliers and manufacturers.

Apple to bring a lot of money home

Apple said in the announcement that it expected a repatriation tax bill of about $38 billion because of changes from the new tax law.

With the new repatriation tax rate of 15.5%, that means Apple would repatriate $245 billion, or nearly all of its overseas cash, CNBC estimated. Apple declined to comment on CNBC's math.

Apple invests in and purchases parts from American companies like Finisar, a laser company, and Corning, which makes the hardened glass that iPhones use, through its Advanced Manufacturing Fund, which Apple on Wednesday said had increased to $5 billion from $1 billion.

The Trump effect

President Donald Trump has prioritized striking deals with American companies to save or create jobs, one of his campaign promises.

Because Apple manufactures most of its products in Asia, it has become a target for Trump, who has blamed the company for contributing to the long trend of US companies moving their manufacturing overseas and encouraged it to build factories in the US.

That's why Apple makes such a big deal about its supporting American manufacturing and the fact that many of the companies that supply parts for the iPhone and other Apple products have factories in the US.

In late 2016, Apple reportedly asked its Asian manufacturing partners, including Foxconn, to look into building its products in the US.

Cook was one of several elite technology CEOs who met with Trump in December 2016.

The full announcement is below and on Apple's website:

Apple accelerates US investment and job creation

$350 Billion Contribution to US Economy Over Next Five Years

Cupertino, California — Apple today announced a new set of investments to build on its commitment to support the American economy and its workforce, concentrated in three areas where Apple has had the greatest impact on job creation: direct employment by Apple, spending and investment with Apple's domestic suppliers and manufacturers, and fueling the fast-growing app economy which Apple created with iPhone and the App Store. Apple is already responsible for creating and supporting over 2 million jobs across the United States and expects to generate even more jobs as a result of the initiatives being announced today.

Combining new investments and Apple's current pace of spending with domestic suppliers and manufacturers — an estimated $55 billion for 2018 — Apple's direct contribution to the US economy will be more than $350 billion over the next five years, not including Apple's ongoing tax payments, the tax revenues generated from employees' wages and the sale of Apple products.

Planned capital expenditures in the US, investments in American manufacturing over five years and a record tax payment upon repatriation of overseas profits will account for approximately $75 billion of Apple's direct contribution.

"Apple is a success story that could only have happened in America, and we are proud to build on our long history of support for the US economy," said Tim Cook, Apple's CEO. "We believe deeply in the power of American ingenuity, and we are focusing our investments in areas where we can have a direct impact on job creation and job preparedness. We have a deep sense of responsibility to give back to our country and the people who help make our success possible."

Apple, already the largest US taxpayer, anticipates repatriation tax payments of approximately $38 billion as required by recent changes to the tax law. A payment of that size would likely be the largest of its kind ever made.

Growing Apple's US Operations

Apple expects to invest over $30 billion in capital expenditures in the US over the next five years and create over 20,000 new jobs through hiring at existing campuses and opening a new one. Apple already employs 84,000 people in all 50 states.

The company plans to establish an Apple campus in a new location, which will initially house technical support for customers. The location of this new facility will be announced later in the year.

Over $10 billion of Apple's expanded capital expenditures will be investments in data centers across the US. Over the last decade, Apple has invested billions of dollars in data centers and co-located facilities in seven US states, including North Carolina, Oregon, Nevada, Arizona and a recently announced project in Iowa.

Today, Apple is breaking ground on a new facility in downtown Reno, which will support its existing Nevada facilities.

All of Apple's US facilities, including offices, retail stores and data centers, are powered by 100 percent renewable energy sources like solar, wind and micro-hydro power, which Apple generates or purchases from local projects. The new campus announced today will also be powered entirely by green energy.

Investing in Apple's Domestic Suppliers and Manufacturing Partners

Building on the initial success of the Advanced Manufacturing Fund announced last spring, Apple is increasing the size of the fund from $1 billion to $5 billion. The fund was established to support innovation among American manufacturers and help others establish a presence in the US. It is already backing projects with leading manufacturers in Kentucky and rural Texas.

Apple works with over 9,000 American suppliers — large and small businesses in all 50 states — and each of Apple's core products relies on parts or materials made in the US or provided by US-based suppliers.

Preparing Students for the App Economy

Apple, which has a 40-year history in education, also plans to accelerate its efforts across the US in support of coding education as well as programs focused on Science, Technology, Engineering, Arts and Math (STEAM).

The iOS app economy has created more than 1.6 million jobs in the US and generated $5 billion in revenue for American app developers in 2017. With demand for coding skills stronger than ever, today there are more than 500,000 unfilled programming-related positions across the country, and the US Bureau of Labor Statistics predicts that by 2020 there will be 1.4 million more software development jobs than applicants qualified to fill them.

To address the coding skills gap and help prepare more people for jobs in software development, Apple created a powerful yet easy-to-learn coding language called Swift, the free Swift Playgrounds app and a free curriculum, App Development with Swift, which are available to anyone and are already being used by millions of students at K-12 schools, summer camps and leading community colleges across the country. Over 100,000 students and teachers have also attended coding classes at Apple retail stores.

Apple will expand these initiatives and add new programs to support teachers and teacher training. The company is also increasing funding for its ConnectED program, so students in historically underserved communities have a chance to learn app coding skills and enjoy other benefits of technology in the classroom.

http://www.businessinsider.com/apple-building-new-campus-hiring-20000-new-e mployees-2018-1



 

Maximum Peach



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  posted on 2/2/2018 at 09:30 AM
Bernie Sanders campaigned on a living wage of $15 an hour. Who knew corporate tax reform could help achieve that!

quote:
Included among that list are BB&T Corp., Bank of America, PNC Financial Services, Wells Fargo, Fifth Third Bancorp, and more.

On Tuesday, U.S. Bank became the latest bank to take similar action in the wake of the tax bill’s passage.

U.S. Bancorp, the parent company of U.S. Bank announced Tuesday that it is handing out a $1,000 bonus to nearly 60,000 employees. The bank also plans to increase its minimum wage for all hourly employees to $15 per hour.

Additionally, the bank will be making “enhancements” to its employees’ health care options, effective for the 2019 enrollment period.

“We believe that tax reform is positive for the U.S. economy because it provides an immediate opportunity to benefit our employees, our communities and our customers,” Andy Cecere, president and chief executive officer, U.S. Bancorp, said.

https://www.housingwire.com/articles/42185-us-bank-becomes-latest-bank-to-i ncrease-wages-hand-out-bonuses-after-tax-reform


quote:
PITTSBURGH (KDKA) — PNC Financial Services Group announced today it would be investing in its employee with cash, retirement fund cash and an increase in minimum pay following today’s signing of the tax reform bill.
ADVERTISING

The company said it will provide an additional $1000 cash payment to 47,500 employees and $1,500 to their existing pension accounts.

The cash payment to 47,500 employees was estimated to reach 90% of PNC employees. It is set for all employees below an unspecified compensation band.

PNC Financial Services said they will raise the minimum pay rate to $15-an-hour by the end of 2018.

A $200-million-dollar contribution to the PNC Foundation was also announced. It supports early childhood education through PNC’s Grow Up Great initiative.

“The tax reform law creates an opportunity to reward our employees who are working hard each day to serve our customers, build strong relationships in our communities and create long-term value for our shareholders,” said William S. Demchak, PNC’s chairman, president and chief executive officer.

http://pittsburgh.cbslocal.com/2017/12/22/pnc-bank-announces-employee-bonus es/



quote:
BMO Harris Bank has joined an increasing number of financial institutions in raising its minimum hourly wage to $15.

The bank cited the recent federal tax reform, which lowered the corporate income tax rate, in its decision to boost employee compensation.

The new rate is effective immediately, the company said Tuesday. BMO Harris, which is based in Chicago and owned by Toronto's BMO Financial Group, has more branches than any other bank in Wisconsin.
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BMO Harris also said it will increase its level of philanthropic community giving by 10% in 2018.

“We’re pleased to share the benefits of the strong economic conditions, and the effects of the recent tax reform changes, with our employees and communities,” David Casper, president and chief executive of BMO Harris Bank, said in a statement.
https://www.jsonline.com/story/money/business/2018/01/30/bmo-harris-bank-ra ises-hourly-minimum-wage-15-increases-community-giving/1080849001/



quote:
Three banks in Northwest Indiana raise starting wages to $15 an hour

http://www.nwitimes.com/business/lake-newsletter/three-banks-in-northwest-i ndiana-raise-starting-wages-to-an/article_1b3e76d0-8ac9-5af2-aa88-a782f2bc6 dde.html




quote:
Regions Financial Corp., which operates four bank offices in the Columbus market, has pledged to pay its employees a minimum hourly wage of $15, while also pumping a collective an additional $140 million into the communities in which it does business.

Like other companies have done in recent days, Birmingham, Ala.-based Regions noted in a release Tuesday that the money it is now promising to invest comes “in anticipation of the savings it will recognize as a result of federal tax reform intended to support economic growth.”

Read more here: http://www.ledger-enquirer.com/news/business/article192795129.html#storylin k=cpy


quote:
Webster Financial got in line with other companies boosting pay for employees after the federal tax cuts, pledging to raise its minimum wage to $15 an hour by the end of 2018, also awarding $1,000 cash bonuses to non-executive employees representing about 70 percent of its workforce.

http://www.thehour.com/business/article/Connecticut-bank-goes-to-15-minimum -wage-bonus-12472971.php


quote:
Associated Bank to boost minimum wage to $15, pay one-time bonuses when tax reform is signed
https://www.jsonline.com/story/money/business/2017/12/21/associated-bank-bo ost-minimum-wage-15-pay-one-time-bonuses-when-tax-reform-signed/975154001/



quote:
OceanFirst Financial Corp., the holding company for OceanFirst Bank, announced Friday it will raise the bank’s hourly minimum wage to $15 within 30 days of enactment of the federal Tax Cuts and Jobs Act, which makes changes to the curerent tax code for individuals and businesses.
http://www.pressofatlanticcity.com/news/breaking/oceanfirst-bank-plans-mini mum-wage-hike-to-per-hour/article_1236809b-7c7b-5009-a1b2-31e767c00a7d.html


 

Peach Extraordinaire



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  posted on 2/2/2018 at 10:12 AM
Same things happened under Obama.
 

Peach Extraordinaire



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  posted on 2/2/2018 at 01:22 PM
Stock market is dropping bigly today. It has been down for the past week. I assume Trump will blame this on Obama.
 

Ultimate Peach



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  posted on 2/2/2018 at 02:56 PM
quote:
Stock market is dropping bigly today. It has been down for the past week. I assume Trump will blame this on Obama.


Did you catch Trump's bigly lie telling us that more people watched his SOTU addres than any previous presidents? Sad day when FOX has to call him out for this.

He can conclude another successful week of lies, distortions, and criticizing his own appointees by gobbling down 4 Bigly Macs & a couple fish sandwiches.

 

Universal Peach



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  posted on 2/2/2018 at 03:12 PM
quote:
quote:
Stock market is dropping bigly today. It has been down for the past week. I assume Trump will blame this on Obama.


Did you catch Trump's bigly lie telling us that more people watched his SOTU addres than any previous presidents? Sad day when FOX has to call him out for this.

He can conclude another successful week of lies, distortions, and criticizing his own appointees by gobbling down 4 Bigly Macs & a couple fish sandwiches.



The Nielsen Rating prove that more people watched President Trump's SOTU address was watched by more people in history.

Just like the fact that even Google was forced to admit that President Trump's Inauguration had the biggest audience worldwide in history.

Keep crying son. You lose again.



 

Universal Peach



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  posted on 2/2/2018 at 03:16 PM
More than 320 companies have now announced major bonuses and wage and retirement fund increases for the workers.
Everyone of those companies has credited President Trump and the Republican's Tax Cuts and Jobs Act for their actions.



 

Ultimate Peach



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  posted on 2/2/2018 at 03:20 PM
quote:
quote:
quote:
Stock market is dropping bigly today. It has been down for the past week. I assume Trump will blame this on Obama.


Did you catch Trump's bigly lie telling us that more people watched his SOTU addres than any previous presidents? Sad day when FOX has to call him out for this.

He can conclude another successful week of lies, distortions, and criticizing his own appointees by gobbling down 4 Bigly Macs & a couple fish sandwiches.



The Nielsen Rating prove that more people watched President Trump's SOTU address was watched by more people in history.

Just like the fact that even Google was forced to admit that President Trump's Inauguration had the biggest audience worldwide in history.

Keep crying son. You lose again.



You need to share with us your experience on how you get through life being deaf, dumb and blind.

 

Universal Peach



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  posted on 2/2/2018 at 03:23 PM
quote:
quote:
quote:
quote:
Stock market is dropping bigly today. It has been down for the past week. I assume Trump will blame this on Obama.


Did you catch Trump's bigly lie telling us that more people watched his SOTU addres than any previous presidents? Sad day when FOX has to call him out for this.

He can conclude another successful week of lies, distortions, and criticizing his own appointees by gobbling down 4 Bigly Macs & a couple fish sandwiches.



The Nielsen Rating prove that more people watched President Trump's SOTU address was watched by more people in history.

Just like the fact that even Google was forced to admit that President Trump's Inauguration had the biggest audience worldwide in history.

Keep crying son. You lose again.



You need to share with us your experience on how you get through life being deaf, dumb and blind.



Again the facts throw you into a temper tantrum.
Back to your little safe space son.

 

Zen Peach



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  posted on 2/2/2018 at 03:24 PM
quote:
HISTORICAL STATE OF THE UNION ADDRESSES
Date No. of Viewers President
2/17/1993 66,900,000 Clinton
1/28/03 62,061,000 G. W. Bush
1/27/98 53,077,000 Clinton
2/24/2009 52,373,000 Obama
1/29/02 51,773,000 G.W. Bush
1/27/10 48,009,595 Obama
2/28/2017 47,741,000 Trump

http://www.nielsen.com/us/en/insights/news/2018/viewers-watch-president-tru mp-s-state-of-the-union-2018.html


 

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Ultimate Peach



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  posted on 2/2/2018 at 03:25 PM
quote:
quote:
quote:
quote:
quote:
Stock market is dropping bigly today. It has been down for the past week. I assume Trump will blame this on Obama.


Did you catch Trump's bigly lie telling us that more people watched his SOTU addres than any previous presidents? Sad day when FOX has to call him out for this.

He can conclude another successful week of lies, distortions, and criticizing his own appointees by gobbling down 4 Bigly Macs & a couple fish sandwiches.



The Nielsen Rating prove that more people watched President Trump's SOTU address was watched by more people in history.

Just like the fact that even Google was forced to admit that President Trump's Inauguration had the biggest audience worldwide in history.

Keep crying son. You lose again.



You need to share with us your experience on how you get through life being deaf, dumb and blind.



Again the facts throw you into a temper tantrum.
Back to your little safe space son.



You wouldn't know a fact if it bit you on the ass. You fit right in with Trump’s post fact society. Sad.

 

Zen Peach



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  posted on 2/2/2018 at 03:27 PM
The company I work for hasn't given a raise to most of its hourly workers in 15 years. They said that they will not be giving them a raise this year. I guess I can thank Trump for that. Also my year end bonus is going to be less this year so thanks Trump.

Was thinking about the $1000 bonuses companies are giving out. The set up for these bonuses are this

Less than two years: $200
Two to four years: $250
Five to nine years: $300
10 to 14 years: $400
15 to 19 years: $750
20+ years: $1,000

When I got hired in to the company I work for I got a year end bonus after four months. The amount I got before taxes would have taken 15 years working retail.

 

Universal Peach



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  posted on 2/2/2018 at 03:29 PM
quote:
quote:
HISTORICAL STATE OF THE UNION ADDRESSES
Date No. of Viewers President
2/17/1993 66,900,000 Clinton
1/28/03 62,061,000 G. W. Bush
1/27/98 53,077,000 Clinton
2/24/2009 52,373,000 Obama
1/29/02 51,773,000 G.W. Bush
1/27/10 48,009,595 Obama
2/28/2017 47,741,000 Trump

http://www.nielsen.com/us/en/insights/news/2018/viewers-watch-president-tru mp-s-state-of-the-union-2018.html






The Nielsen Ratings only cover broadcast and cable TV.
You should try and step out into the modern world.




 

Zen Peach



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  posted on 2/2/2018 at 03:30 PM
quote:
quote:
quote:
HISTORICAL STATE OF THE UNION ADDRESSES
Date No. of Viewers President
2/17/1993 66,900,000 Clinton
1/28/03 62,061,000 G. W. Bush
1/27/98 53,077,000 Clinton
2/24/2009 52,373,000 Obama
1/29/02 51,773,000 G.W. Bush
1/27/10 48,009,595 Obama
2/28/2017 47,741,000 Trump

http://www.nielsen.com/us/en/insights/news/2018/viewers-watch-president-tru mp-s-state-of-the-union-2018.html






The Nielsen Ratings only cover broadcast and cable TV.
You should try and step out into the modern world.






quote:
The Nielsen Rating prove that more people watched President Trump's SOTU address was watched by more people in history.

 

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Universal Peach



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  posted on 2/2/2018 at 03:32 PM
quote:
quote:
quote:
quote:
HISTORICAL STATE OF THE UNION ADDRESSES
Date No. of Viewers President
2/17/1993 66,900,000 Clinton
1/28/03 62,061,000 G. W. Bush
1/27/98 53,077,000 Clinton
2/24/2009 52,373,000 Obama
1/29/02 51,773,000 G.W. Bush
1/27/10 48,009,595 Obama
2/28/2017 47,741,000 Trump

http://www.nielsen.com/us/en/insights/news/2018/viewers-watch-president-tru mp-s-state-of-the-union-2018.html






The Nielsen Ratings only cover broadcast and cable TV.
You should try and step out into the modern world.






quote:
The Nielsen Rating prove that more people watched President Trump's SOTU address was watched by more people in history.




The Nielsen Ratings only cover broadcast and cable TV.
You should try and step out into the modern world.


 

Peach Extraordinaire



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  posted on 2/2/2018 at 03:34 PM
Mule, did you take off from work today? Was this "memo day" for you?
 

Zen Peach



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  posted on 2/2/2018 at 03:36 PM
quote:
quote:
quote:
quote:
quote:
HISTORICAL STATE OF THE UNION ADDRESSES
Date No. of Viewers President
2/17/1993 66,900,000 Clinton
1/28/03 62,061,000 G. W. Bush
1/27/98 53,077,000 Clinton
2/24/2009 52,373,000 Obama
1/29/02 51,773,000 G.W. Bush
1/27/10 48,009,595 Obama
2/28/2017 47,741,000 Trump

http://www.nielsen.com/us/en/insights/news/2018/viewers-watch-president-tru mp-s-state-of-the-union-2018.html






The Nielsen Ratings only cover broadcast and cable TV.
You should try and step out into the modern world.






quote:
The Nielsen Rating prove that more people watched President Trump's SOTU address was watched by more people in history.




The Nielsen Ratings only cover broadcast and cable TV.
You should try and step out into the modern world.




quote:
The Nielsen Rating prove that more people watched President Trump's SOTU address was watched by more people in history.

HISTORICAL STATE OF THE UNION ADDRESSES
Date No. of Viewers President
2/17/1993 66,900,000 Clinton
1/28/03 62,061,000 G. W. Bush
1/27/98 53,077,000 Clinton
2/24/2009 52,373,000 Obama
1/29/02 51,773,000 G.W. Bush
1/27/10 48,009,595 Obama
2/28/2017 47,741,000 Trump



 

____________________
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Universal Peach



Karma:
Posts: 6102
(6111 all sites)
Registered: 6/1/2009
Status: Offline

  posted on 2/2/2018 at 04:01 PM
Apparently Bhawk is unaware of which thread he is posing in.
Technology also eludes him.

Oh well, thanks to President Trump and the Republicans the economy is rocking!

 

Ultimate Peach



Karma:
Posts: 3953
(3951 all sites)
Registered: 8/26/2006
Status: Offline

  posted on 2/2/2018 at 04:05 PM
quote:
Apparently Bhawk is unaware of which thread he is posing in.
Technology also eludes him.

Oh well, thanks to President Trump and the Republicans the economy is rocking!



And by rocking you mean the economy is continuing at the same trend as we've seen the last 8 years, except new jobs are down slightly at a 6 year low.

 

Peach Extraordinaire



Karma:
Posts: 4380
(4391 all sites)
Registered: 12/18/2004
Status: Offline

  posted on 2/2/2018 at 04:05 PM
quote:
Apparently Bhawk is unaware of which thread he is posing in.
Technology also eludes him.

Oh well, thanks to President Trump and the Republicans the economy is rocking!

DJIA finished down 667 today. Nasdaq down 144. DJIA was down over 1000 for the week, or, almost 4%. Since Trump took credit for the rise, no doubt he will take blame for today.

 

Ultimate Peach



Karma:
Posts: 3953
(3951 all sites)
Registered: 8/26/2006
Status: Offline

  posted on 2/2/2018 at 04:34 PM
quote:
quote:
Apparently Bhawk is unaware of which thread he is posing in.
Technology also eludes him.

Oh well, thanks to President Trump and the Republicans the economy is rocking!

DJIA finished down 667 today. Nasdaq down 144. DJIA was down over 1000 for the week, or, almost 4%. Since Trump took credit for the rise, no doubt he will take blame for today.


Reaction to the SOTU speech?

 

Maximum Peach



Karma:
Posts: 9171
(9196 all sites)
Registered: 4/27/2003
Status: Offline

  posted on 2/2/2018 at 04:36 PM
quote:
Same things happened under Obama.


? Care to explain? Maybe I missed the pay, benefit and bonus increases due to corporate tax cuts under the Obama administration.

 

Maximum Peach



Karma:
Posts: 9171
(9196 all sites)
Registered: 4/27/2003
Status: Offline

  posted on 2/2/2018 at 04:42 PM
quote:
Stock market is dropping bigly today. It has been down for the past week. I assume Trump will blame this on Obama.


Well there certainly is the risk when you hang your hat too much on the stock market performance, what do you say when it declines?

Assuming the talking heads know what they are talking about, seems interest rate concerns are driving it. The underying financial news being reported by the companies and labor dept are good. Maybe it's the buy on the rumor sell on the news stuff.

 

Maximum Peach



Karma:
Posts: 9171
(9196 all sites)
Registered: 4/27/2003
Status: Offline

  posted on 2/2/2018 at 04:46 PM
quote:
The company I work for hasn't given a raise to most of its hourly workers in 15 years. They said that they will not be giving them a raise this year. I guess I can thank Trump for that. Also my year end bonus is going to be less this year so thanks Trump.

Was thinking about the $1000 bonuses companies are giving out. The set up for these bonuses are this

Less than two years: $200
Two to four years: $250
Five to nine years: $300
10 to 14 years: $400
15 to 19 years: $750
20+ years: $1,000

When I got hired in to the company I work for I got a year end bonus after four months. The amount I got before taxes would have taken 15 years working retail.


No raise in 15 years. I'm sorry to hear that. Do you care to give any details on the line or work or employer? I assume you stay there due to lack of better opportunities locally?

 
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