Trump is winning...again...SoftBank will invest $50 billion in the US, aiming to create 50,000 jobs

originally posted by: sirlancelot
Im cautiously optimistic about Trump and creating jobs. Obama was nothing more then a community organizer who never created a job while Trump has created 34,000 jobs according to CNN/Money!

Left wing parties are more concerned with wealth redistribution and addressing inequality. It's quicker and more popular raising taxes and handing out credit vouchers than to encourage companies to invest, especially when taxes are rising.

originally posted by: ksiezyc
a reply to: DBCowboy

Why would you want the American people to slave away when they could be living a relaxing lifestyle of welfare?

*Joke Warning*

Excellent point! How DARE Trump and the people destroy all the work of the left and big government to enslave the citizens and force them to beg and be controlled by "big brother". The left has spent good money, lots of time, effort, etc. to get the people under their thumb.

How DARE someone else actually work toward undoing what has been crammed down our throats

originally posted by: stormcell

originally posted by: sirlancelot
Im cautiously optimistic about Trump and creating jobs. Obama was nothing more then a community organizer who never created a job while Trump has created 34,000 jobs according to CNN/Money!

Left wing parties are more concerned with wealth redistribution and addressing inequality. It's quicker and more popular raising taxes and handing out credit vouchers than to encourage companies to invest, especially when taxes are rising.

Yes! And I assume you know "WHY" they do so? Because without knowing the "WHY", the acts themselves have been painted as a benefit to the people...which is actually a lie.

Stating the obvious...the "WHY" to the left's redistribution and "inequality" is to pit the people against the people and to place themselves as the "savior" to the "poor". However...in doing so they control the same people, make them fat, lazy and begging for more while losing their freedom.

That is the "WHY".

This deal started last July and was signed in October! Thank you Obama! Trump is once again taking credit for someone else's achievement! And now the Union leaders for Carrier workers are speaking against Trump's boast about the Carrier deal. How the secret service made them stay and how they picked certain people and made them sit in front. It's all a smoke and mirrors show.

originally posted by: sirlancelot
Im cautiously optimistic about Trump and creating jobs. Obama was nothing more then a community organizer who never created a job while Trump has created 34,000 jobs according to CNN/Money!

And those foreigners were more than happy to accept those jobs from Donnie.

originally posted by: Shr00mz
a reply to: buster2010

No one said Saudi is good now. They're buttering us up because knows if he don't pamper Trump bad things will happen. Remember Saudi king didn't have much faith in Trump and Trump cant stand him. We will know if he bows to him like others. Nothing wrong with trying to work out problems and/or differences, this proves Trump can have compassion and understanding.. and move to better America and bring strong foreign policies. Trump already made clear he don't take no # though.

Donnie already bent over for the Saudis decades ago when he started selling buildings to them for a loss . It's funny watching the little hypocrites scramble trying to make up excuses for Donnie.

originally posted by: matafuchs
WOW! So, the economy is going to tank after Trump huh? A giant move for one of the worlds largest tech companies.

50 billion dollars to invest and the CEO says they would have NEVER done this is Trump would not have been elected.

Hmmm...I see Trump taking credit for this..but I have some questions.

This "investment" will come from this new Investment Fund...

Time...3 weeks before the election...
Oct. 14, 2016
WSJ: SoftBank and Saudi Arabia Team Up for $100 Billion Tech Fund
www.wsj.com...

Saudi Arabia?
Half this 100B "investment fund" is from the Saudi Arabian gov looking to diversify away from Oil.

While Son + Trump is talking about a 50B dollar "Pledge"...that is undefined.

It is Softbank's Masayoshi Son that made the Pledge...It will come in the form of acquisitions of US Technology firms..

What was traded? Well Softbank has been looking to corner the cell phone market in the US via a Merger between Sprint (owned by Softbank) and T-Mobile...The Obama administration has been opposed to the deal as it would limit competition and increase cell phone bills for consumers in the USA. Softbank was very likely looking for assurances from Trump that the deal would be approved under a Trump administration.

So an undefined pledge of 50k jobs...via investing 50B in emerging tech companies in the USA...by Saudi Arabia and Japan (Softbank)...potentially in trade for less competition in the cell phone market via approval of the T-Mobile and Sprint merger.

I understand Trump Supporters looking for the win, but this does look like selling off US intellectual Property (Emerging innovative Technology) to Asia and the Middle east (Japan and Saudi Arabia) as well as green-lighting less competition in the US Cell-Phone market (Sprint merging with T-Mobile)...in trade fro a nebulous promise of 50k jobs...which if ever happens ..will be in the Tech Industry/Silicon Valley.

I am open to modifying my assessment...If Trump or Softbank can explain the When/Where/How of these "pledged" 50k jobs.

originally posted by: In4ormant

originally posted by: introvert

originally posted by: network dude

originally posted by: introvert

originally posted by: DJW001
a reply to: introvert

This was already in the works before Trump even won the election. This appears to be more theater than anything else.

And note that Saudi money is involved.

Indeed. Could you imagine the reactions this would get if it was Hillary instead of Trump?

Luckily, she isn't president and we won't have to worry about that.

Most people do not like to think about their own hypocrisy, so I can see why they wouldn't worry about it.

It says it's their money in a Saudi investment fund, not that it's Saudi money. There is a difference.

No...Not at all...Completely false

This investment fund is 50% Money literally from the Saudi Arabian government.

And the fund is aimed at acquiring and investing in emerging technology.

Asia and the Middle East partnered up for a spending spree in the USA now that everything here is for sale.

The fund is 10 times larger than any technology fund ever created..

Saudi Arabia and Asia are looking to buy up silicon valley.

From October...BEFORE Trump won.

The addition of the Public Investment Fund boosts SoftBank’s investment firepower. The fund is central to Saudi Arabia’s plan to diversify its economy beyond oil. The plunge in crude prices since 2014 has hurt the finances of the kingdom, which depends on oil income for more than two-thirds of government revenue. Last year, Saudi Arabia’s budget deficit was a record $98 billion, or 16% of gross domestic product.

The Saudi government is expanding the scope and size of the PIF, effectively turning it into a war chest for non-oil investments abroad. In June, it invested $3.5 billion in Uber, its largest overseas bet.

Riyadh plans to transfer ownership of state-owned oil giant Saudi Arabian Oil Co., or Aramco, to the fund, which Saudi Deputy Crown Prince Mohammedbin Salman estimated will eventually be worth nearly $3 trillion.

www.wsj.com...

So...we are going to go from being dependent on Saudi Arabia for oil...to having them own a massive chink of Silicon Valley and our Tech industry?

Reminds me of the Mexican Cartels switching from exporting Coke and Marijuana to addicts in the US to Heroine!

Adapt with the times..

originally posted by: Wide-Eyes
a reply to: theantediluvian

He handed his business to his family. Of course he will still pull strings but he will do it legally.

Which reminds me...

Since Boeing stock dived and then recovered after Trump's tweet this week.

Can someone ask Trump's kids or Trump himself if any stock purchases or sales were made during the Tweet maneuver?

Donald Trump wipes off $1bn from Boeing's stock market value with single tweet
www.independent.co.uk...

Be careful of who you hand a loaded gun to, unless you know where they are going to point it.

That is a warning that comes to mind when it comes to this deal and after looking at what all Softcorp is into, that could have far more of a truer ring than many would imagine. Yes they are going to invest all of that money, however, are we sure it is a good idea to invest in what would be considered an essential utility? And then there is the other small detail, some of the laws and regulations, that would have to be changed?

Are you so willing to hand over telecommunications to a foreign country, in exchange for a few dollars?

What if he insults Japan, and that company, how fast will they pull out? What if they decide that the US worker is not up to their standards, and thus cancel plans and decide to pull out or what if they manage to take a far greater share of the market where they could in short, put a hurting on the USA, then what?

Is it a risk one should take and worth it?

a reply to: Indigo5

He sold all of his stocks in June. You can ask his kids though.

This is an investment that is being offered. The complete opposite of when Obama entered office and gave loans. Like to Solyndra and other clean energy that left us in the whole.

www.washingtontimes.com...

The 2009 Stimulus Package. 787 billion dollars. He was in office less than a month. Against failure.

What is wrong with ANY company saying they want to invest in US jobs and infrastructure?

Wow - even I did not think Trump would make things happen this fast... We've made a great choice folks.

a reply to: Indigo5

Did you make this up because from a business standpoint you seem clueless. Softbank is a Japanese investment firm in fact they own half if sprint. The deal your referring to from October has nothing to do with this unless you know otherwise. That was setting up an investment fund for a client namely Saudi arabia. Softbank invests for clients but most if it's money is made from there investments such as I mentioned earlier buying sprint. And no the saudis don't own it.

Because they made a deal in October with the Saudis who invested 30 billion by the way you somehow morphed that into a deal with softbank for 500 billion. 30 billion is a far cry from 500 but I would love to see your source that is where softbank is getting the funds from have any??

Oh one interesting part of the deal seems to be a Taiwan investment firm is involved as well. I find that interesting after the phone call.

originally posted by: matafuchs
a reply to: Indigo5

He sold all of his stocks in June.

So he says?...He hasn't provided any proof he has done anything to distance himself from his investments.

Trump's answer to potential conflicts of interest?

"“the law is totally on my side, meaning, the president can’t have a conflict of interest.”

What is wrong with ANY company saying they want to invest in US jobs and infrastructure?

US Policy has been to be wary of selling our core assets and infrastructure to foreign governments.

But as long as you are asking...This is a Technology Investment Fund...and half owned by the Saudi Gov.

Where do you think that money is headed???? Building roads???

It is the Saudi Government looking to buy up emerging technology in Silicon Valley...How the eff does that help Coal Miners in Tenn.???

For effs sake...the whole reason the Obama Admin has been blocking the Softbank/Sprint+T-Mobile merger...is
(A) Higher rates for consumers with less competition (Sprint has wanted to acquire T-Mobile to recover their market share and stop being under-cut on pricing plans)
(B) We don't want our Cell Service in the USA to be monopolized by a foreign government.

He is trading a WHOLE LOT for his own personal PR.

AND BTW....For those 700 jobs he saved at Carrier for 7M (aka lost 1300 jobs and paid for the pleasure)????


Carrier announces price increase after Trump deal
www.theindychannel.com...

It is YOU AND I...The American People who are paying for Trump's Self-Congratulating BS Deals made to make him look good.

So Far - Carrier Price hikes after getting 7M in tax breaks...and he still lost 1300 of the 2000 jobs..

Next up..Higher cell phone rates when Softbank(Sprint) buys it's competitor T-Mobile...Right before Saudi Arabia + Softbank go on a spending spree buying up Silicon Valley's Tech Companies. ...California is the 6th largest economy in the world in GDP...and Saudi Arabia is going to get itself a big chunk of that now that the country is for sale and a car salesman is in the WH.

And he hasn't even taken office yet.

originally posted by: dragonridr
a reply to: Indigo5

Did you make this up because from a business standpoint you seem clueless.

Holy crap...read..I gave links..But sure...from a business standpoint, the WSJ doesn't know anything.

Softbank is a Japanese investment firm in fact they own half if sprint. The deal your referring to from October has nothing to do with this unless you know otherwise.

That was setting up an investment fund for a client namely Saudi arabia.

You are exactly 100% wrong..If the WSJ from October is not enough for you...

From Conservative Review:
That Japanese investment money Trump announced today? Turns out it's from Saudi Arabia!
www.conservativereview.com... Qgbf.dpuf

Trump takes credit for SoftBank's investment in the U.S.
money.cnn.com...
CNNMoney's Andrew Stevens reports on an investment fund set up by Japan's SoftBank and Saudi Arabia to invest in tech companies around

SoftBank Already Committed To Large-Scale U.S. Investment Before Election

The investment, which could create 50,000 new U.S. jobs, revived speculation on Wall Street that U.S. telecommunications giant Sprint Corp, 82-percent-owned by SoftBank, might rekinkdle merger talks with T-Mobile US Inc that died under pressure from U.S. regulators.

The investment announced Tuesday would come from the $100 billion investment fund SoftBank Chief Executive Masayoshi Son is setting up with Saudi Arabia’s sovereign-wealth fund and other potential partners, according to the Wall Street Journal.

It was not immediately clear how much of SoftBank’s investment had been disclosed before.

Softbank said on Nov. 7, the day before the U.S. election, it planned to make future large-scale investments via the $100 billion tech fund, rather than on its own, to avoid growing already-bloated debt.

www.nationalmemo.com...

I could provide a gazillion links, cuz it is factual...

But just in case you don't trust the WSJ et al.

Here is TeaParty.org

As Dow Jones adds, $50 billion of the $100 billion investment will come from a joint investment fund Softbank had set up with Saudi Arabia.

www.teaparty.org...

SO YES...The WSJ article from October outlining the Joint Investment Fund between Softbank and Saudi Arabia is the SAME fund Trump is bragging about.

originally posted by: dragonridr
a reply to: Indigo5

Because they made a deal in October with the Saudis who invested 30 billion by the way you somehow morphed that into a deal with softbank for 500 billion. 30 billion is a far cry from 500 but I would love to see your source that is where softbank is getting the funds from have any??

BTW 50B not 500B??? Learn to count zero's before you insult others business acumen. You were only off by nearly a half-trillion dollars.

And as far as source...the real world is my source...google it...I gave you a mix of links above to get started.

a reply to: Indigo5

What are you talking about you seem clueless. First are cell phone industry is mostly foreign owned. T mobile is a German company sprint is owned by softbank a Japanese company.verizon is owned by Voda phone a British company. You seem to not know how business works at all do you?? As for the merger being blocked they did it in the name of compititian but that wasn't why. Remember there were two attempts for someone to buy t mobile. At the time they were showing a loss and Deutsche telecom wanted out of the US market. The US market is nothing like the European market where people buy there own phones and then just pick a courrier. US cell phone markets have been hemoragging money for decades. Of it wasn't for there international partners they would have closed up shop long ago.

Europeans are far ahead of the US in cell tech and yes even phone designs in the US profits are so low as to inhibit innovation and at the same time limit who can play. For example com cast wants to get into the cellular market in the US. Problem is they can't figure out how to create a start up that can actually make money. It's going to require a huge investment with no return for over a decade. In Europe on the other hand local cell companies pop up all the time starting with a small area than expanding outward. Why because they can make money there.


Now the Saudi thing yes Saudi invests in markets oh nooooooos real shocker there. But also so does just about every country in the world. Would it shock you to know US companies have investments in Saudi Arabia ohhhhhj noooooooos. Seriously if your trump bashing the best you can do is come up with Saudis may invest even though as I pointed out earlier even what you thought were US companies were not.

Take the money reality is any investment in the US market from any foreign entity only help's. If Softbank wants to invest 500 billion in the US market shut up and say thank you. Investments in an econo my do two things they create jobs and it creates market stability both very important to keeping a amarican in jobs.

Oh and the further Trump bashing on the carrier deal try reading the article even in there they admit the price hike was announced prior to the deal. So you can't blame trump for something that happened all ready. Or in your case I'm guessing that truth doesn't matter huh??

originally posted by: dragonridr
a reply to: Indigo5

Now the Saudi thing yes Saudi invests in markets oh nooooooos real shocker there.

But didn't you just claim the Saudi's and the fund they set up with Softbank had nothing to do with it?

This is what you said...

Did you make this up because from a business standpoint you seem clueless. Softbank is a Japanese investment firm in fact they own half if sprint.

The deal your referring to from October has nothing to do with this unless you know otherwise.

That was setting up an investment fund for a client namely Saudi arabia.

When in fact I just showed you it is precisely that deal from October and Precisely that fund?

Someone around here certainly is "Clueless"...

a reply to: rickymouse

Could you have an employee sign a safety waiver on most jobs, or is that not allowed by OSHA or whomever?