Donald Trump praised Carrier for keeping over 1,000 jobs in the U.S. -- and threatened other companies that might consider leaving the country.As much as I don't believe a word that he normally says, it does seem reasonable to suppose that, but for Trump, those jobs would have left the country.
"Companies are not going to leave the U.S. anymore without consequences," Trump said Thursday at the Indiana plant where the company makes furnaces.
Trump said that those consequences would include paying higher tariffs on imports.
Carrier announced in February that it would lay off workers and move those jobs to Mexico.
However on Tuesday, the company announced that it had reached a deal with Trump to keep the jobs at its Indianapolis plant, rather than move them to Mexico.
Well done, sir.
This triumph apparently was accomplished by incentives (tax breaks or future business for Carrier's defense-based parent company).Until that is known,he just bought some PR with our money, which is his consistent MO.Sorry to see you buying this.
ReplyDeleteNews tonight said that 1000 jobs still go to Mexico .
ReplyDeleteIf only every other Lefty made the same effort as EB.
ReplyDeleteI'd hold off on the congratulations until we know the actual deal, because media here in Indiana are reporting that they're still shipping most of the jobs to Mexico and meanwhile the state's going to be giving them $7 million tax break. This seems less like Trump doing anything effective and more like Mike Pence using Hoosier taxpayers to save a handful of jobs and make his new boss look good.
ReplyDeleteYes, he did negotiate some jobs staying in Indiana. We can leave that as an accomplishment. I do have some rational criticisms of just how he did so, and how he promoted it, and how he straight up lied about what he would do about this very deal while campaigning, and how he is still lying about it as of tonight, in front of a crowd of braying yahoos who gave him the Nazi salute, but yes, he did save a few of those jobs. We're going to have to get used to taking the slivers of good where we can get them, and I'll take this one. Wish I didn't have to wash it down with the CEO and previous CEO of Exxon Mobil being added to the list of swamp creatures being considered for Secretary of State, but perhaps even they would do a better job than Rudy or Bolton, so yeah, take the good where you can get it.
ReplyDelete-Doug in Oakland
I'm not thrilled with the deal made by Pence, not tRump. The Coty Council in Fort Worth, TX has been making similar deals and headlines for years, and the results:
ReplyDelete1) Companies don't relocate here without a structured tax break.
2) A number of companies have failed to meet the stipulations for spending or hiring to maintain the tax breaks.
3) They haven't retroactively charged those companies, because "they might pack up and leave".
4) The city has a very high property tax rate versus surrounding areas, to help replace some of that revenue.
5) They haven't had a study yet validate any net positive payback for the tax abatements used.
As a bonus, Texas itself has a fund for attracting companies, one that made headlines while being used as Rick Perry's business friends slush fund. The results are similar.
Don't worry. If this plays out over the next few days as being a massive con job, I will publicly retract this post.
ReplyDeleteThe anonymous genius behind the LOLGOP twitter account says,
ReplyDelete"Carrier is building a factory in Mexico and got Trump to help pay for it."