Trump Reaches Deal to Keep Carrier Factory, Jobs in Indiana: Report

originally posted by: IAMTAT

originally posted by: carewemust
a reply to: IAMTAT

A great Job by our President-elect! His positive influence in the business world is JUST ONE of the reasons why Mr. Trump will be a GREAT President.

This country could sure do with a GREAT President...It's been waaaay too long since we've had one.

Trump is the first in my lifetime to have a chance at being great. Even Reagan was more of a National confidence builder. He really didn't do much but lower taxes. Trump knows all about large scale business.

They wanted you to believe Trump wasn't qualified. Qualified to do what? Divide people with tribalism so Soro's can take us over and install fascism? Develop and import terrorism. Sell out the West?

a reply to: RickinVa

So which is a better deal... giving a company breaks to keep jobs.. or having the state take care of all the people that will lose their jobs?

Libtards are so jealous of anyone that accomplishes anything without the government having to holding their little dependant hand. They would probably just rather have the company move out of the country. They think that everyone can sit at home on welfare.

December 1, 2016

It looks like the AMAZING Donald Trump is now poised to strike a deal with NABISCO, who moved jobs to Mexico.

Developing Story: www.foxbusiness.com...

originally posted by: carewemust
December 1, 2016

It looks like the AMAZING Donald Trump is now poised to strike a deal with NABISCO, who moved jobs to Mexico.

Developing Story: www.foxbusiness.com...

This is truly good news for the folks who get to keep their jobs. I really mean that.

I would like to know HOW he's getting these companies to stay. Is he threatening tariffs? Or is he just throwing money at them? I don't know either way but I really think we need that information before we can assess/evaluate the deals.

However, kudos to Trump for getting his rear in gear for the American people before he's even taken the oath.

originally posted by: carewemust
December 1, 2016

It looks like the AMAZING Donald Trump is now poised to strike a deal with NABISCO, who moved jobs to Mexico.

Developing Story: www.foxbusiness.com...

I'm beginning to think that you seriously would give Joseph Goebbels a run for his money.

a reply to: Doctor Smith


Well rumor has it Trumps people have been contacting major corporations and well threatening them to be honest. For example Carrier has a major contract with the government and people say he put that out there that moving to Mexico could effect it. If rumors are true part of his administration tactics is to use government contracts as leverage in negotiations. Think he wants to get the word out there that a company leaves and they wont be dealing with the US government. Forces companies to make a choice cheaper labor or losing government contracts.

originally posted by: marg6043
a reply to: Grimpachi

if jobs can be made to keep people from becoming welfare recipients that is more power to the tax payer.

Jobs are bad. They encourage people to feel self-reliant. Next thing you know, they'll stop relying on welfare handouts and the Democrats will have to come up with a new way of buying their votes.

originally posted by: DJW001
a reply to: carewemust

To be honest, I'm bewildered why President Obama let so many companies ship their service and manufacturing functions to locations outside of the USA, without even putting up a fight. He tried harder to get Hillary elected.

Because putting arbitrary nationalistic constraints on free trade by unilateral executive decree is a characteristic of Fascism.

You misspelled "EPA".

a reply to: dragonridr

If rumors are true part of his administration tactics is to use government contracts as leverage in negotiations. Think he wants to get the word out there that a company leaves and they wont be dealing with the US government. Forces companies to make a choice cheaper labor or losing government contracts.

It also gives corporations an excuse to inflate their prices. As it is now, government contracts, by law, go to the lowest bidder. There is nothing prohibiting the Federal government from purchasing things manufactured elsewhere. (Rolls Royce jet engines, for example.) Once "Made in USA" becomes the main criterion, American firms can ask higher prices for essentially the same items... and there is no guarantee that they will not replace skilled workers with automation anyway.

By excluding products made overseas from government purchase, a trade war will begin. Foreign governments will decide not to purchase items made in America. America's biggest ticket items are usually sold directly to foreign governments: aircraft, ships, heavy machinery... and arms.

If this is a one off stunt, it is discriminatory, as all businesses should have a level playing field. If the rumors are true that this could be the beginning of a new government policy, it could become a case of cutting one's nose off to spite the face.

a reply to: Greggers

So what were the "incentives"? In the end, UTC agreed to retain approximately 800 manufacturing jobs at the Indiana plant that had been slated to move to Mexico, as well as another 300 engineering and headquarters jobs. In return, the company will get roughly $700,000 a year for a period of years in state tax incentives. Still, some 1,300 jobs will still go to Mexico, which includes 600 Carrier employees, plus 700 workers from UTEC Controls in Huntington, Ind. In summary, the "math" works out to $636 per year per job saved in tax savings: hardly an egregious sum

source-zerohedge

So 700k per year. $636 dolllars was the cost per job saved, so it cost about 4 weeks of an employees income taxes to keep their job.

a reply to: IAMTAT

So...Carrier was going to move 2000 jobs to Mexico...Trump negotiated a deal to keep 1000 of those jobs?
Half? in Indiana...
and did so in such a manner where he is not comfortable fully disclosing what he gave Carrier in return for his PR win?

Meanwhile...

The Obama economy has now created 15 million jobs
money.cnn.com...

Now that Trump has LOST 1000 jobs to Mexico and paid for the pleasure with tax payer dollars.

Trump only has 15,001,000 more jobs to go to tie Pres. Obama.

I will be interested in the details of the agreement..

originally posted by: IAMTAT
C'mon people 'Lefties' and 'Righties' alike...tell me you're not impressed by this.

THIS man is not even in office yet...and he works over Thanksgiving with his V.P. to bring back jobs to Indiana.
I have a feeling we can expect great things from this soon-to-be President!

He’s not even president yet, but Donald Trump already is making deals to keep jobs in the U.S., according to CNBC.

According to the business-news network, the Trump team has reached an agreement with United Technologies to keep in Indiana a Carrier plant that had been scheduled to close and have the jobs shipped overseas.

Citing “sources,” CNBC said that deal was brokered with assistance and “new inducements” from the Indiana state government, whose governor is Vice President-elect Mike Pence. “Trump will visit IN on Thurs. to announce Carrier deal,” CNBC reported on its Twitter feed.

www.washingtontimes.com...

Wow, the stupidity on ATS is reaching new heights. The deal is very simple, Pence retained his governorship to be able to hand over $1million in Indiana tax payer dollars to "keep" Carrier in the U.S. There was no hard negotiating, as the President ELECT has no ability to do such negotiating, nor does a President negotiate personally with companies and personally provides federal tax dollars to them. Are you all insane, or really #ing stupid? Having said that, this was the plan all along to make Trump/Pence look like good negotiators. The FACT is, is that they didn't negotiate at all, they just provided Carrier tax payer dollars because they wanted to look good. This is a repeating process. Companies threaten to leave the U.S., govt. officials provide incentives and tax subsidies, the companies suck the federal system dry for 10 years then move on leaving the community in ruins.

If you are touting this as a victory, you are either refusing to see reality, or you're a paid shill. Which is it? To be honest I HOPE you are a paid shill, and the other's who are ignoring reality to be part of the rah rah moment.

a reply to: Invicid

I think you have summed it up nicely and truthfully.

originally posted by: Blueracer
He's already saved more American jobs than Obama did in nearly 8 years.

that's one of the dumbest things said.....do you know what "American auto industry" is?.....it's where Americans build things that move people around, and it's a business that employs people.....can you understand that, or should I dumb it down some more?

originally posted by: jellyrev
a reply to: Greggers

So what were the "incentives"? In the end, UTC agreed to retain approximately 800 manufacturing jobs at the Indiana plant that had been slated to move to Mexico, as well as another 300 engineering and headquarters jobs. In return, the company will get roughly $700,000 a year for a period of years in state tax incentives. Still, some 1,300 jobs will still go to Mexico, which includes 600 Carrier employees, plus 700 workers from UTEC Controls in Huntington, Ind. In summary, the "math" works out to $636 per year per job saved in tax savings: hardly an egregious sum

source-zerohedge

So 700k per year. $636 dolllars was the cost per job saved, so it cost about 4 weeks of an employees income taxes to keep their job.

That's not bad when viewed from that perspective.

But incentivizing companies to stay isn't the same as tightening regulations currently allowing them to leave -- things like "renegotiating NAFTA," and closing tax holes that allow companies to claim relocation expenses to Guam.

When Trump campaigned on retaining manufacturing jobs, he didn't say, "When companies threaten to leave, we'll give them money to stay. Damn right!"

I realize he can't do those things yet because he's not POTUS yet -- however, I don't want people to lose sight of the fact that this is not what he campaigned on.

To be fair, I'm still impressed he's working the PR horse before inauguration day, and at least some people get to keep their jobs.

I would like to know what, specifically are his long term goals to encourage job growth and retain jobs. I have my doubts about whether a serious renegotiation of NAFTA will take place, and am unsure what the impact of that would be on our economy in general.

originally posted by: Indigo5
a reply to: IAMTAT

So...Carrier was going to move 2000 jobs to Mexico...Trump negotiated a deal to keep 1000 of those jobs?
Half? in Indiana...
and did so in such a manner where he is not comfortable fully disclosing what he gave Carrier in return for his PR win?

Meanwhile...

The Obama economy has now created 15 million jobs
money.cnn.com...

Now that Trump has LOST 1000 jobs to Mexico and paid for the pleasure with tax payer dollars.

Trump only has 15,001,000 more jobs to go to tie Pres. Obama.

I will be interested in the details of the agreement..

I note how you've glossed over that even the left-wing CNN article questions those figures, suggesting a more conservative 10 million (and without examining how many of those are actually two part time workers being hired instead of one full time employee to avoid Obamacare issues).

The reality is probably closer to a few million genuine new jobs being created, of which at least 2 million would be Michelle's fluffers. Apparently she pulls their arms out of their sockets when she gets angry.

Interesting that even Obama's employment figures were terrible in the first month or so of his first term, whereas Trump hasn't even started yet but has already brought back 1,000 jobs that would have left without his intervention.

Jeeze - there's a lot of people in this thread that sound like they are at a slot machine, you play $10 and collect $5 and you are calling it winning 5 bucks.