Thursday, December 29, 2016

Liar Donald Trump Takes Credit A Second Time For Jobs He Didn't Create In The First Place (UPDATE)

Yesterday afternoon the president-elect's team let the media know that Donald rump planed to make an announcement related to the economy later in the day. They added the news would be about a boost to employment but gave no other details other that it "should be very positive for American workers.

As promised Trump took to the front gate of his Mar-a-Lago estate in Florida and delivered a less than one minute address to the media that two companies, SoftBank and OneWeb, would be creating 8,000 new jobs in the U.S. Mr. Trump explained that phone carrier Sprint would bring 5,000 jobs back from overseas and OneWeb, will hire 3,000 people in the U.S....

I was just called by the head people at Sprint and they are going to be bringing 5,000 jobs back to the United States, they are taking them from other countries. And also OneWeb, a new company, is going to be hiring 3,000 people. So that’s very exciting,

And with that he returned back into his mansion.

Trump with SoftBank CEO Masayoshi Son in the lobby of Trump Tower on  Dec. 6th

If this announcement sounds at all familiar it is because this is the same deal Trump announced earlier this month when he he appeared in the lobby of Trump Tower with SoftBank CEO Masayoshi Son (SoftBank is Sprint’s largest shareholder) and announced that Son and his partners would invest $50 billion in the U.S. and planned to create 50,000 jobs.

For the record it was a lie today just as much as it was a lie back then.

This investment from SoftBank and OneWeb that Trump has now peddled twice was announced in October... prior to the election!

SoftBank and their lead investment partner, Saudi Arabia's Public Investment Fund (PIF), had already let it be known a month before Election Day that they planned to invest up to $45 billion over the next five years of which SoftBank expects to pony up at least $25 billion.

Yet, once again, Trump announced that Sprint and OneWeb will be adding thousands of additional U.S.-based jobs this evening pretending that it was all his doing.

Again, much like the first time he announced this, the details on what types of jobs would be added were not made available.

In addition it is unclear whether the 8,000 jobs Trump spoke of are included in that 50,000 figure.

This announcement follows Trump's sham Carrier deal he announced in late November that supposedly keep 1,300 jobs in the U.S. instead of going to Mexico. What actually happened was that Carrier was given $7 million dollars of Indiana taxpayer's money, they eased regulations on the company, Carrier wound up only keeping 700 jobs and additional 1,300 went to Mexico anyway.

So it's par for the course if you were keeping track of Trump's job promises. Lies, pay-offs and kickbacks. The grifting continues.

*UPDATE: Just to add to the shadiness factor of this whole story is the fact that SotBank is seeking a merger between Sprint (which SoftBank owns) and rival carrier T-Mobile here in the US. For now that acquisition has been turned down by the current justice department so the question is whether the company is allowing Trump to take this victory lap for jobs that aren't really his as a bribe for allowing the merger to go through under his administration.

Watch this space!

No comments:

Post a Comment