For Indiana, it was more than Carrier planning to eliminate 1,400 manufacturing jobs during the next three years.
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All of the details of that deal aren’t entirely clear, although they include a $7 million economic incentive over 10 years for Carrier from IN, where Mike Pence, the vice president-elect, is still governor.
While details of the deal are coming out slowly, Carrier has acknowledged that its change in heart was at least in part the result of Pence’s promise of $7 million in tax breaks. Please be forewarned prior to making a very expensive mistake’. He said that Carrier’s CEO had made it obvious that “the die was cast”.
As Trump praised his plan at the air conditioning manufacturer, Rexnord workers across the street were holding up signs that asked: ‘What about us?’
“I’ve been hammering you pretty good, but what you said you would do about saving these jobs here in Indianapolis, you delivered on, and I thank him”, Jones said.
As for the Indianapolis Carrier workers, the jobs saved include 730 production workers and 70 management positions. Todd immediately cut Pence off arguing, “Well, it’s not about the media sir… hitting the media is always a crutch for you guys. It’s not about the media”. The president-elect may find that Republican lawmakers who will set the agenda for the upcoming Congress are not on board with the proposed tariffs.
Where was the media’s concern over government intervention when President Barack Obama bailed out the auto industry, or any one of his economic schemes?
Also, if companies stay, is he going to offer them “incentives” as well like he did for Carrier? But the agreement gives plenty to Carrier, which critics of incentives call corporate welfare.
Among them are self-described socialist and 2016 Democratic presidential candidate Bernie Sanders and 2008 GOP vice-presidential nominee Sarah Palin, who suggest the deal was an example of “crony capitalism”.
Trump had made keeping Carrier in the US a cornerstone of his campaign back in February, when the Indianapolis-based company announced it would be moving to Monterrey, Mexico. “But we also want our jobs, and all the other jobs that are being sent out of this country. When they played that, I said, I did make it, but I didn’t mean it quite that way”.
But Pence characterized the process more as an act of diplomacy that Trump had initiated. I think it is a slippery slope.
TODD: Well, it’s not about the media sir. “Business is not growing, investment is not growing”, he said, adding that productivity real wage growth are also languishing.
PENCE: Here is the bottom line.
“We had the seniority list going around today”, Bray said.
“This agreement in no way diminishes our belief in the benefits of free trade and that the forces of globalization will continue to require solutions for the long-term competitiveness of the USA and of American workers moving forward”, Carrier said in a statement released last Wednesday.
The president-elect says firms who outsource beyond America’s borders will face a massive tax increase, while those who stay will see huge financial benefits. And as governor of IN, and as a fellow American, I couldn’t be more proud and couldn’t be more grateful that now more than 1,000 Americans have certainty IN their economic future.
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The billionaire finished by saying: ‘THE UNITED STATES IS OPEN FOR BUSINESS’.
