Friday, December 2, 2016

Trump Lied About Saving Carrier's Jobs. Claims He Forced Them To Stay... Actually He Just Made Indiana Tax Payers Pay Them Off (VIDEO)

By all accounts today was a banner day for President-elect Donald Trump. He got to go down to a Carrier air conditioner plant in Indiana a conquering hero to be hailed as the job saving savior he branded himself as during the Presidential campaign.

He got this big role he played today by claiming he had stopped Carrier from taking all of their jobs from this specific plant in Indiana and moving them to Mexico. He even went so far as to refer to himself as "very presidential" for all his efforts!

There's only one problem. None of it was real. It was all PR and stagecraft chock full o' fact free propaganda.

It all started during his campaign where Trump liked to tell his rally attendees over and over and over again that he would stop companies from going overseas by threatening them with a tariff on their goods if they left but still wanted to sell merchandise back in the states...

"You're gonna pay a damn tax when you leave this country and you think you're going to sell product because we're all so stupid,"

Here is a video of Trump issuing that threat specifically to Carrier...

Sounds like tough stuff Donald is pitching there but it is far from the softball he lobbed Carrier to get them to stay put.

Under the terms announced Thursday only 700 jobs (not the original 1,300) would remain at its plant in Indiana due to the state's easing of regulations and overhauling the corporate tax code, according to one of Trump spokesmen. The state of Indiana will also have to provide economic incentives derived from Indiana tax-payers.

So basically Trump got Carrier to stay put in Indiana by paying them to employ people from Indiana with tax money provided by people from Indiana!

If anyone doubted this narrative it was borne out by Carrier's press released in which they stated that “The incentives offered by the state were an important consideration,” and that it was looking forward to a more business-friendly climate under the Trump administration.

Then to top it off the air conditioning company got an hour long commercial starring Donald Trump plus hundreds of mentions by the media. It was like spending millions of dollars on advertising and positive press for free.

What hasn't been announced is whether the company that owns Carrier, a far-larger military contracting business named United Technologies which receives roughly 10 percent of it's $56 billion dollar revenue from the federal government, has been promised anything in return for this dog and pony show.

What is clear is 1,300 Carrier jobs at this plant are still being moved to Mexico.

What is not clear is if the remaining workers not losing their jobs will be pushed to accept pay cuts.

What makes this entire story so galling is that Trump pilloried this practice of giving companies tax incentives to remain in the US during his presidential campaign.

Here what Trump said during an August rally in Pennsylvania...

"Remember, they’d give the low-interest loans. 'Here’s a low-interest loan if you stay in Pennsylvania, here’s a zero-interest loan, you don’t have to pay. Here’s a this, here’s a tax abatement of any kind you want, we’ll help your employees. 
It doesn’t work, folks. That’s not what they need. They have money. They want to go out, they want to move to another country and because our politicians are so dumb, they want to sell their product to us and not have any retribution, not have any consequence. So all of that's over."

Here is video of that...

The real danger of this deal lies in the fact that Trump probably just endangered the jobs of workers all around the United States by signaling to every corporation in America that all they have to do is threaten to offshore their jobs unless they receive business-friendly tax benefits and incentives.

Plus these companies can pick up and move the very jobs Trump claims to have saved the day after the "tax breaks" and "incentives" are given to them without repercussions.

How bad is this deal?

Experts agree that no modern president has intervened on behalf of an individual company, a move that amounts to the nation's highest office choosing winners and losers in the economy.

Even conservatives believe these incentive packages distort free markets while liberals characterize them as corporate subsidies.

Meanwhile at a plant just miles away from Carriers a company by the name of Rexnord, an industrial supplier headquartered in Milwaukee, is packing up all of it's 295 of their jobs to resettle in the same Mexican city that Carrier had picked for its new plant.

Nice going you bloated orange moron.

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