Trump Policy

[tw]

Originally Posted by Undertoad

... for other reasons.

Such as leaking roofs due to no maintenance.

If a turf was replaced without cost controls, then it would not be concrete hard. Just because they replaced turf using cost controls does not mean maintenance really occurred.

Vet Stadium was a classic example of how bean counters claim profits (ie growth) by doing things that are actually destructive. Roofs were even leaking.

Name a single innovative product from GE in the past 30 years. They make profits by selling off everything. They sold NBC. They sold a division that makes all those great silicone chalks and other chemicals. They sold their white appliance division. GE air conditioners were sold to Haier - a Chinese company. Division that makes advanced plastic such as Lexan was sold to Sabic - a Saudi company. GE Locomotives were first outsourced to foreign companies and recently sold to Wabtec. GE satellite and aerospace divisions sold to Lockeed Martin and McDonald Douglas. Universal Studios - movies and theme parks - sold to Comcast.

GE semiconductor manufacturing (transistors and thyristors) - gone. GE nuclear - gone. The innovation called varistors - sold. GE computers. Sold off. GE Pharmaceuticals to Danaher. GE electric motors - gone. GE's energy management division (GE's 2015 innovation) recently sold. GE Power (wind mills and other new energy generation) is not profitable - in a hottest new industry now dominated by Chinese, Denmark, Spain, Germany (including Siemens - the GE of Germany), and India. GE TVs - long gone - I believe sold to China. The electrical division (wall receptacles, breaker boxes, etc) will be sold to ABB (a Swiss-Swede company). The 2011 acquisition of gasoline engines and oil drilling equipment - gone.

GE did what business school graduates do. Make profits. GE made profits by running up a massive debt. Even had a division to just manipulate the books so that GE, at one point, paid no Federal taxes. One quarter of all GE profits came only from GE's financial services division. Since profits came from money games - not from innovation (the only thing that made America great).

Now that massive debt claimed profits for decades, GE must now keep selling off all businesses to claim more profits. To pay off that debt.

A money game just like one played on Philadelphia sport stadiums.

Maintenance is an expense (not growth) on spread sheets. So do no maintenance. Then later spend that money replacing the decrepit item. That appears as growth on spread sheets - when they simply replaced something that was destroyed by no maintenance.

Actual growth only exists when one creates new things. Replacing things that were never maintained is not growth - except on the spread sheets. Innovation (not money games) creates growth. Name one innovative product from GE in the past 30 years. No innovation (except in the aircraft engine division) for so long now means massive debts. Spread sheets are now reporting what did not happen 10 and 30 years ago.

What happened? GE was run into the ground by business school graduates - people who did not come from where the work gets done.

A benchmark of someone who has successfully enriched himself at the expense of everyone else. Created no growth. Trump never ran one successful business. A business school graduate (Wharton School) doing exactly what is taught in those schools. Make profits. Ignore the product - the only honest reason for a business. Profits (money games) and growth need not coincide.