From Fortune magazine on August 22: "Why Trump’s and Clinton’s Promises to Revive Manufacturing Are Cruel."
From USA Today on November 4: "Why Donald Trump will fail to bring back factory jobs."
From Business Insider on November 25: "Nobel Prize-Winning Economist Paul Krugman: No matter what Trump does, manufacturing jobs are not coming back to the US."
From NPR on December 1: "Carrier Will Keep 1,000 Jobs In U.S., But Trump Faces A Much Tougher Problem."
From CNBC on December 1: "Trump's Carrier deal aside, here's why most US factory jobs aren't coming back."
And lest we forget Economist Nate Silver and his friends from 538 on May 16: "Manufacturing Jobs Are Never Coming Back."
And there were these bizarre sour grapes from the Los Angeles Times on August 11:"Reality check: Manufacturers returning to U.S. may mean jobs for robots, not people."
Now the real reality check.
From the Associated Press:
Japanese electronics company Panasonic and U.S. electric car maker Tesla said Tuesday they plan to begin production of photovoltaic cells and modules at a factory in Buffalo, New York.
The two companies said they finalized an agreement calling for Tokyo-based Panasonic to pay capital costs for the manufacturing. Palo Alto, California-based Tesla made a "long-term purchase commitment" to Panasonic.
Their statement gave no financial figures.
The factory in Buffalo is under development by SolarCity Corp., a San Mateo, California-based solar panel company owned by Tesla. The PV cells and modules it produces will be used in solar panels for non-solar roof products and solar glass tile roofs that Tesla plans to begin making, the announcement said.The press never learns. Too many "reporters" are really slow-witted and intellectually lazy Social Justice Warriors.
These are their "business" reporters and they know nothing of trade agreements, state economic development incentives, and the presidential power to impose tariffs. Also, they ignored President Trump's call to slash corporate income taxes.
The press was as wrong about manufacturing as they were about Trump's nomination. Read all about that too, in "Trump the Press."
Please read "Trump the Press," in which I skewer media experts who wrongly predicted Trump would lose the Republican nomination. "Trump the Press" is available as a paperback, and on Kindle.
For an autographed copy, email me at DonSurber@GMail.com