Trump saved 1000 jobs!
Full Name:
good at drinking water
Forums:
"...
President-elect Donald Trump will reportedly announce a deal with United Technologies, the corporation that owns Carrier, that keeps less than 1,000 of the 2100 jobs in America that were previously scheduled to be transferred to Mexico. Let’s be clear: It is not good enough to save some of these jobs. Trump made a promise that he would save all of these jobs, and we cannot rest until an ironclad contract is signed to ensure that all of these workers are able to continue working in Indiana without having their pay or benefits slashed.
In exchange for allowing United Technologies to continue to offshore more than 1,000 jobs, Trump will reportedly give the company tax and regulatory favors that the corporation has sought. Just a short few months ago, Trump was pledging to force United Technologies to “pay a damn tax.” He was insisting on very steep tariffs for companies like Carrier that left the United States and wanted to sell their foreign-made products back in the United States. Instead of a damn tax, the company will be rewarded with a damn tax cut. Wow! How’s that for standing up to corporate greed? How’s that for punishing corporations that shut down in the United States and move abroad?
In essence, United Technologies took Trump hostage and won. And that should send a shock wave of fear through all workers across the country.
..."
- Log in to post comments
Top of Page Bottom of Page PermalinkFull Name: Markd (not MarkD)
So many things here.
So many things here.
Clearly, a great optic for incoming team on the surface, which, alas, is what appears to resonate in our society today.
The last line about "shock wave of fear through all workers across the country" will unfortunately, not ring that loud as, generally speaking, "workers" do not want to understand what that means and really don't care. The ears turn off after hearing "jobs saved".
These are deals that have been going on for years in towns and cities across America and were not necessarily related to offshore actions. In fact, they started as the southern states became aggressive in attracting companies from the northern states to build down their way. Towns, cities, states, etc. were all faced with either losing X jobs or giving up something to keep them. Just like for any business, it's always easier to retain accounts than to go get new ones.
It will be interesting to see just how much of the "details" of the package are revealed in today's big PR events. Was it just Indiana that gave things up? If yes, why didn't Pence do that years ago? If the Feds kicked in, what does that look like and the ultimate question is of course, is this precedent setting for all other companies going forward?
I suspect today will be light on the details (I would!). However, United Technologies is a public company and they will ultimately have to reveal it all in their SEC filings at some point down the road.
Top of Page Bottom of Page PermalinkFull Name: good at drinking water
https://twitter.com
https://twitter.com/Khanoisseur/status/804099517603717120
Top of Page Bottom of Page PermalinkFull Name: Thumbkinetic
He got played. Bigly.
He got played. Bigly.
Top of Page Bottom of Page PermalinkFull Name: Zzzzzz
and turns out it was only 800
and turns out it was only 800 although he claims 1100
same as it ever was
Top of Page Bottom of Page PermalinkFull Name: The Sound of Steam and Caffeine
And it turns out Trump owns
And it turns out Trump owns stock in Carrier's parent corporation, United Technologies.
https://www.google.com/amp/www.wsj.com/amp/articles/donald-trump-had-inv...
Top of Page Bottom of Page PermalinkFull Name: Dead Dead
A lot of people own stock in
You think Trump saved these jobs because it enhances his portfolio?
haters
While visiting Solyndra in May of 2010, President Barack Obama claimed Solyndra was “leading the way toward a brighter and more prosperous future.” n August of 2011,
The Washington Post reported that Solyndra shut down, "leaving 1,100 people out of work and taxpayers obligated for $535 million in federal loans."
Top of Page Bottom of Page PermalinkFull Name: Scott Schaffer
When we start agreeing with
When we start agreeing with Sara Palin, shit's really F$%$ked...
How's that bribey, blackmaily thing goin for ya?
Top of Page Bottom of Page PermalinkFull Name: good at drinking water
http://money.cnn.com/2016/12
http://money.cnn.com/2016/12/08/news/companies/carrier-jobs-automation/
The company's deal with President-elect Donald Trump to keep a furnace plant from moving to Mexico also calls for a $16 million investment in the facility. But that has a big down side for some of the workers in Indianapolis. Most of that money will be invested in automation said to Greg Hayes, CEO of United Technologies, Carrier's corporate parent. And that automation will replace some of the jobs that were just saved.
...
The decision to keep Carrier's furnace manufacturing operations in the U.S. instead of moving them to Mexico will save about 800 jobs out of the 1,400 at the plant, at least in the near term. The company declined to say how many of the plants 800 remaining jobs could be lost to automation, or when.
...
Top of Page Bottom of Page PermalinkFull Name: good at drinking water
https://www.washingtonpost
https://www.washingtonpost.com/posteverything/wp/2016/12/08/im-the-union-leader-donald-trump-attacked-im-tired-of-being-lied-to-about-our-jobs/?utm_term=.8a492773485d