Wednesday, November 30, 2016

Trump, unlike Obama, can claim that he saved jobs

White River in Indianapolis
After the passing of Barack Obama's $800 billion stimulus bill in 2009, which turned out to be not much more than a massive pork barrel project, Obama would tout a heretofore unheard of figure, "saved or created jobs."

Like myself, many other wise people concluded that there was no way to measure a "saved job."

But there is a new sheriff in town, Donald J. Trump. Clearly he saved 1,000 jobs that were headed to Mexico.

From the Indianapolis Star:
About 1,400 Indianapolis workers who've spent months grieving the impending loss of of their high-wage manufacturing jobs received a shocking dose of hope Tuesday as the incoming Trump administration scored its first major victory.

Their jobs might be saved.

Carrier Corp. has reached an agreement with President-elect Donald Trump to keep "close to 1,000 jobs" in the city, scrapping a plan to shift all of its Indianapolis operations to Mexico. The heating and air conditioning giant confirmed the agreement on Twitter, but did not provide details.

Trump and Vice President-elect Mike Pence are scheduled to appear in the city Thursday for a formal announcement, according to a transition official who requested anonymity.


EddieC said...

Uh, against major opposition, Obama helped successfully bail out the auto industry. Way more than 1000 jobs. An entire industry. Such a short memory. Sad.

Anonymous said...

John Ruberry said...

Let me add that particularly with the Chrysler bankruptcy Obama upended long established bankruptcy law to favor his cronies with the United Auto Workers. And thousands of jobs were slashed after the fed takeover of GM. Bondholders of GM were screwed.

Taxpayers lost $11 billion in the GM bailout.