More Winning: US Steel wants to accelerate investments, bring back jobs, CEO says

[SheriffJoe]

[h=1]US Steel wants to accelerate investments, bring back jobs, CEO says[/h]

United States Steel would like to accelerate its investments and hire back laid-off employees now that Donald Trump will be occupying the Oval Office, CEO Mario Longhi told CNBC on Wednesday.


"We already structured to do some things, but when you see in the near future improvement to the tax laws, improvements to regulation, those two things by themselves may be a significant driver to what we're going to do," he said in an interview with CNBC's "Power Lunch."


In addition, the belief that the U.S. economy can grow at least 3.5 percent also adds to what the company can do, Longhi noted.


"I'd be more than happy to bring back the employees we've been forced to lay off during that depressive period," he said, which could be close to 10,000 jobs.


Shares of the Pittsburgh-based company have soared about 80 percent since Trump's stunning victory on Nov. 8. Investors appear to be betting on increased infrastructure spending, which the president-elect has promised, as well as further restrictions on China-produced steel.


Corporate America is also cheering Trump's promises of less regulation. Longhi said regulation has a role to play, but believes it "has to be done smartly."


"When you get into some situations where we're being asked to control some substances in water that are far lower than what nature naturally offers, that's irrational," he said.

"There was a point in time in the past couple years that I was having to hire more lawyers to try to interpret these new regulations than I was hiring … engineers. That doesn't make any sense."

http://www.cnbc.com/2016/12/07/us-s...ate-investments-bring-back-jobs-ceo-says.html

 

[SheriffJoe]

What liberals don't understand in 5,4,3,2,1...

"There was a point in time in the past couple years that I was having to hire more lawyers to try to interpret these new regulations than I was hiring … engineers. That doesn't make any sense."

 

[Michelangelo]

And once they figure it out the compliance costs money, in many cases a lot of money which often stifles investment because profit margins get eaten up by compliance. That means fewer products produced and fewer employees needed and fewer jobs for vendors and fewer dollars in the community which depresses housing and businesses which cater to employees.

It ain't a magic wand, Obama. It's common sense capitalism. Get the damned government out of the damned way.

 

[SheriffJoe]

And once they figure it out the compliance costs money, in many cases a lot of money which often stifles investment because profit margins get eaten up by compliance. That means fewer products produced and fewer employees needed and fewer jobs for vendors and fewer dollars in the community which depresses housing and businesses which cater to employees.

It ain't a magic wand, Obama. It's common sense capitalism. Get the damned government out of the damned way.

There are literally trillions of dollars in potential investments parked outside the US economy (offshore manufacturing, offshore bank accounts etc.) because liberals have made it too expensive (taxes, regulations) to conduct business in the US. That is a fact.

Imagine the US economy with those trillions in circulation...

 

[GasMan]

Insert All I do is Win video here.

 

[roadreeler57]

What liberals don't understand in 5,4,3,2,1...

"There was a point in time in the past couple years that I was having to hire more lawyers to try to interpret these new regulations than I was hiring … engineers. That doesn't make any sense."

I guess thats what happens when u have mostly Lawyers in the House & Senate.....Make things as complicated as possible so youll have to hire more Lawyers....Job security...

 

[Willie99]

Just proposing lower taxes and fewer regulations and baddafuckingbing, the business world opens up

Proving once again how much of an economic anchor liberals and liberal policies are on our great country, as dumb as they come

boom boom, see ya

 

[Acebb]

What, you think Trump has a magic wand or something!?

Thankyou)(&

 

[Acebb]

 

[SheriffJoe]

I guess thats what happens when u have mostly Lawyers in the House & Senate.....Make things as complicated as possible so youll have to hire more Lawyers....Job security...

Politicians, bureaucrats, social activists and community organizers are the biggest anchors on capitalism, prosperity and freedom.

We shall see how many of these anchors Trump can get rid of, but it's still a drop in the bucket compared to what should be happening to lure those trillions back to where they belong.

May the 'progressive' Alinsky era of politics die the horrible and painful death it so richly deserves.

 

[neverbend]

During the war 1942-45 one state Pennsylavania produced 20% of the worlds steel, get it, 20%
of the steel in the entire world came from Pennsylvania, it furthermore made 31% of the steel produced
in the USA. If you know math that meant that in that time period the USA was able to produce
60% of the worlds steel. We won the war because of these & similar singular edges, the availability of raw materials
& the ability to manufacture the raw materials.

China is now the worlds leading producer of steel averaging 627 metric tons of steel per year, Japan is
second 109 metric tons & the US imports steel dumped here from both of them.
So a country that produced 60% of the worlds steel during WWII is now producing one ninth of the
steel produced by a possible enemy & less than we need. How could our leaders ever allow
that to happen.