“Since my election, Ford, Fiat-Chrysler, General Motors, Sprint, SoftBank, Lockheed, Intel, Walmart, and many others, have announced that they will invest billions of dollars in the United States and will create tens of thousands of new American jobs,”
The problem is Trump the companies that he listed were already planning to add jobs this year and have anything to do with his administration.
All of them had plans that were in the works before he was even elected.
Lets take them one at a time...
Ford, in early January, announced that it would halt its plans to build a new factory in Mexico, and that instead it would spend $700 million to upgrade an existing Michigan plant. In the process, the company said it would create 700 new jobs aimed at building more electric and self-driving cars. Ford's CEO Mark Fields said publicly many times that it had nothing to do with the president. “We did it for our business,” adding that the company would have done the same thing if Trump hadn’t won.
Fiat-Chrysler announced that it will spend $1 billion to update plants in Michigan and Ohio while creating 2,000 jobs, Fiat-Chrysler announcement that it was the next phase in an expansion plan unveiled last year.
General Motors, in mid-January, said it was going to spend $1 billion on U.S. plants and create or retain 1,500 jobs, while also bringing production of its full-size pickup trucks back to the country and create 450 jobs. Craig Glidden, GM’s general counsel, said the investments had been in the works for a while and weren’t a reaction to Trump. The company has brought thousands of jobs back from overseas since 2009.
Sprint and Softbank made a big announcement that Sprint would bring back or create 5,000 jobs in the U.S. and satellite startup OneWeb would create another 3,000 jobs even before Trump officially took office. On top of that, not all of the jobs Sprint promised will be created by the company itself, but instead by contractors.
Lockheed Martin’s CEO recently said it would add 1,800 jobs in its F-35 fighter jet facility. A spokesperson told CNNMoney that the increase in production that led to the creation of jobs has been in the works for years.
Intel will spend $7 billion on a semi-conductor chip plant in Arizona and hire 3,000 new people once it’s built. The company first announced its plants to build the plant in question in 2011 alongside President Obama. Plans were postponed in 2014 amid lagging PC sales. They’re being revived now because Intel’s strong earnings in 2016.
Walmart announced in mid-January that it will be spending $6.8 billion on its U.S. operations this year and creating 10,000 new retail jobs. The announcement was part of previous plans to open and expand stores and e-commerce. The company has also been in the process of cutting thousands of other jobs while it focuses on its e-commerce segment.
So there you go. Every single company Trump ticked of in his list that he claims brought back or created jobs due to his election had absolutely nothing to do with him.