Trump SAVES 1000 Carrier Jobs!....

[EBounding]

Through corporate welfare.

 

[Zippyjuan]

I will inform the rest of the flock. They will be very excited!

At the same time, United Technologies (UTX), which owns Carrier, is a leading defense contractor that benefits from billions of dollars in federal spending, so it needs to maintain good relations with the incoming Trump administration.

(Over $6.5 billion worth just last year) Also Pence is governor of the state the plant is located in so he can give taxpayer money to the company. They said moving would save them $65 million a year in labor costs ($5000 a worker).

While terms of the deal are not yet clear, the sources indicated there were new incentives on offer from the state of Indiana, where Pence is governor, that helped clear a path for the agreement.

http://money.cnn.com/2016/11/28/news/companies/donald-trump-carrier-jobs/

 

[kpitcher]

It'll be interesting to find out how much Indiana is going to pay for each job.

 

[AuH20]

Trump Orchestrates Deal To Keep Carrier Plant in Indiana

http://www.nytimes.com/2016/11/29/b...-carrier-plant-will-keep-jobs-in-us.html?_r=2

 

[EBounding]

 

[Sola_Fide]

Corporate Welfare...I mean...Murica First!

 

[AuH20]

Sounds like they cut their regulatory burden in the interim. Another reason why Trump was superior to Clinton.

 

[TheCount]

...

You were so excited to post this that you didn't even notice that the third thread from the top was on the same subject.

 

[nbhadja]

If it is corporate welfare at least he is using it to keep jobs here unlike the likes of Obama Bush Clinton who used it to destroy jobs in America. I'm sure a part of this is heavy tax credits.

 

[oyarde]

It'll be interesting to find out how much Indiana is going to pay for each job.

Ya hopefully Pence took a calculator with him and the costs do not exceed the ill gotten revenue of taxes collected from ea job and household in state tax , property tax , sales tax , vehicle tax and county tax .

 

[oyarde]

If it is corporate welfare at least he is using it to keep jobs here unlike the likes of Obama Bush Clinton who used it to destroy jobs in America. I'm sure a part of this is heavy tax credits.

Well , that is a legitimate point , I doubt those 5 would put in the effort.

 

[TheTexan]

Yay jobs !! Fuck yea! Jobs!!

 

[anaconda]

“This is a spot solution,” said Mohan Tatikonda, a professor at the Kelley School of Business at Indiana University. “If it goes through it helps some Carrier employees for a period of time, but it doesn’t address the loss of manufacturing jobs to technological change, which will continue.”

http://www.nytimes.com/2016/11/29/b...-carrier-plant-will-keep-jobs-in-us.html?_r=0

 

[jonhowe]

This IS what his supporters wanted. Government support of failing, well-connected businesses. Crony Capitalism.

 

[AuH20]

This IS what his supporters wanted. Government support of failing, well-connected businesses. Crony Capitalism.

Nope. We want the corporate tax rate slashed and a reversal of the corporate inversion exodus. All in good time.

 

[AuH20]

“This is a spot solution,” said Mohan Tatikonda, a professor at the Kelley School of Business at Indiana University. “If it goes through it helps some Carrier employees for a period of time, but it doesn’t address the loss of manufacturing jobs to technological change, which will continue.”

http://www.nytimes.com/2016/11/29/b...-carrier-plant-will-keep-jobs-in-us.html?_r=0

It's legacy costs, not technology. The dems don't want to confront legacy costs because that's taboo. Tackle pension waste & the healthcare boondoggle and we can have as many jobs as we desire. The unions need to wake up to the reality that a job is better than no job.

Look at the UAW burden from 2007:

http://mjperry.blogspot.com/2007/05/crippling-burden-of-uaw-legacy-costs.html

http://www.heritage.org/research/re...ally-cost-the-big-three-automakers-70-an-hour

Earned Benefits

The remaining $33.58 an hour of hourly labor costs that GM reports--46 percent of total compensation--was paid as benefits. These benefits include[5]:

Hospital, surgical, and prescription drug benefits;
Dental and vision benefits;
Group life insurance;
Disability benefits;
Supplemental Unemployment Benefits (SUB);
Pension payments to workers pensions accounts to be paid out at retirement;
Unemployment compensation; and
Payroll taxes (employer's share).

These benefits cost the Detroit automakers significant amounts of money. Critics contend that these benefit figures include the cost of providing retirement and health benefits to currently retired workers, not just benefits for current workers. Since there are more retired than active employees this makes it appear that GM employees earn far more than they actually do.

 

[TheCount]

Tackle pension waste & the healthcare boondoggle and we can have as many jobs as we desire.

Those poor businesses having to fulfill their contracted obligations...

 

[AuH20]

Those poor businesses having to fulfill their contracted obligations...

Yes, but do the unions want to lose jobs for their members? There has to be a happy medium. Reduce benefits and offer stock options for employees. We shouldn't be losing any jobs if the government eased the regulatory burden and union mgt relented. There is enough of the pie for all to benefit.

 

[LibertyEagle]

“This is a spot solution,” said Mohan Tatikonda, a professor at the Kelley School of Business at Indiana University. “If it goes through it helps some Carrier employees for a period of time, but it doesn’t address the loss of manufacturing jobs to technological change, which will continue.”

http://www.nytimes.com/2016/11/29/b...-carrier-plant-will-keep-jobs-in-us.html?_r=0

The creation of a middle-class in China, India, etc. is not because all the jobs outsourced to them were automated.

 

[enhanced_deficit]

He may have saved these manly (working class) jobs but killed one very important womanly historic job.

So net he saved 1000-1=999 jobs only.

Sexist.

Hillary Clinton signs the cover of Newsweek declaring her Madam President on Monday, November 7



BTW, Neil C of Fox news cites 1100 saved jobs, @ 0:15 in this video:


https://www.youtube.com/watch?v=bc4s_pXjLzE


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