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Wednesday, May 23, 2018

35,000 more jobs. Obama hardest hit

In 2016, when Donald John Trump said he would keep Carrier from moving a furnace factory from Indiana to Mexico, Barack Obama smirked. At a town hall meeting in Indianapolis, Obama taunted Trump when asked about the loss of hundreds of jobs at Carrier.

"Some of those jobs of the past are just not going to come back. And when somebody says like the person you just mentioned who I’m not going to advertise for, that he’s going to bring all these jobs back. Well how exactly are you going to do that? What are you going to do? There’s no answer to it," Obama said.

"He just says, ‘I’m going to negotiate a better deal.’ Well how? How exactly are you going to negotiate that? What magic wand do you have? And usually the answer is, he doesn’t have an answer."

The magic wand is called tax relief. Abracadabra, the corporate tax rate dropped from the 35% to 21%.

And abracadabra, a thousand useless regulations disappear.

And abracadabra, trade agreements are re-negotiated.

And abracadabra, United Technologies -- the parent company of Carrier -- just announced it will create 35,000 new jobs over the next five years. This is an investment of $15 billion. The jobs are not just at Carrier.

"United Technologies is growing globally and growing the fastest in the United States. Over the past three years, we have created more jobs in the U.S. than in the rest of the world combined," said CEO Gregory J. Hayes.

"Our investments reflect our core belief that, similar to U.S. economic goals, United Technologies' continued success will be dependent on a highly-skilled workforce, world class manufacturing facilities, and workforce education programs that enable employees to improve their skills and remain competitive in an increasingly digital economy."

Obama lied when he said you can keep your doctor.

But on the other hand, Obama also lied when he said those jobs aren't coming back.

16 comments:

  1. Satan is preparing a nice warm toasty (actually, burning hot) room for Barack. I’m sure Soetero will enjoy his stay.

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    Replies
    1. Don'the down rate Satan. All he would have to do to torture Obama would be to put him a room with no mirrors.

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  2. Zippy is going to become a metaphor for the guy who always gets it wrong.

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  3. Steve in GreensboroMay 23, 2018 at 10:07 PM

    Maybe this is a nit to most of you, but our God-Emperor's tax bill switched the US corporate tax system from global to territorial, meaning US corporations would be taxed only on their profits earned in the US (just like all other taxing jurisdictions do it) rather than their global profits. This change greatly reduced complexity and better aligned us with the rest of the world enhancing competitiveness (and reducing the need for US corporations to relocate their headquarters offshore).

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  4. Sotero is an economic dunce. Most socialists/communists are, but he is world class stupid economically.

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  5. Barry "who?" I loathe een remebering that "man" - to use the term loosely.

    Down here Texas way, jobs have always been there to be found, so to speak. But Junior (38), stiffed at his commission job, just in two days landed a long-term job with a "take it over in the field" possibility - and a journey-man's and master license in plumbing and electrical. The boss openly said the Trump tax breaks gave him the room to move to hire, and not have to do it all himself with his wife. Quite a business, too!

    Folks are just awakening to what Donald did. That he did so against such tremendous odds . . . ?

    Incredible!

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  6. Yeah, but you can't disenfranchise people and expect them to grovel at the feet of daddy government if they have jobs and independence. I don't believe democrats are stupid about how economics works as they act; it's just that they can't accept it because it goes against the workings of their ideology. When they hear someone say a high tide lifts all boats, their only take-away is that someone rich is getting to keep more of the money they made and denying the government what it's truly due.

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  7. Experience matters. Obama had no experience with how the private sector works.

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  8. The headline of the article screams: "35,000 more jobs. Obama hardest hit"

    Why does everything have to be referenced to Obama?
    Obama has taken residence in many people's heads.
    There is an obsession about Obama.

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    1. I can see why you would want to forget about an abject failure like Obama

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    2. Because people spent 9 years telling us how smart and how special Obama was, and despite the evidence to the contrary the fawning never stopped. Some people aren't smart enough to grasp the obvious when it's right in front of their face, so they need to be reminded of that failure. Daily if needed. There's too much at stake.

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    3. I think it's because you know Trump is inferior to Obama. You deal with that inferiority complex by imagining that Trump is better than Obama in everything.

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    4. Yeah. That's gotta be it.

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  9. All Trump had to do to bring those jobs back was to end Obama's policy of actively chasing them away.

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