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Translation: Even though the actual numbers prove everything you believe is a lie, you will just keep on pontificating your lies with no proof to back therm up.Breaking ! (added for RW drama)
Conveniently, we now have the details.
As Fortune reports, citing a source close to the company, Trump called Greg Hayes, CEO of Carrier’s parent company United Technologies, two weeks ago and asked him to rethink the decision to close the Carrier plant in Indiana. Hayes explained that the jobs were lower-wage and had high turnover, and the move was necessary to keep the plant competitive, according to the source. He said the plan would save the company $65 million a year.
Trump then replied that those savings would be dwarfed by the savings UTC would enjoy from corporate tax-rate reductions he planned to put in place. During the recent campaign, Trump threatened to slap tariffs on Carrier imports from Mexico.
So what were the "incentives"? In the end, UTC agreed to retain approximately 800 manufacturing jobs at the Indiana plant that had been slated to move to Mexico, as well as another 300 engineering and headquarters jobs. In return, the company will get roughly $700,000 a year for a period of years in state tax incentives. Still, some 1,300 jobs will still go to Mexico, which includes 600 Carrier employees, plus 700 workers from UTEC Controls in Huntington, Ind.
In summary, the "math" works out to $636 per year per job saved in tax savings: hardly an egregious sum, and one which could likely be extended to other companies (unless, of course, those other companies decide to hold Trump hostage and demand escalating pay schedules) if and when Trump's fiscal stimulus package is implemented. It remains to be seen if the popular response, outside of conservative groups, will interpret this trade off as taxpayer funded "moral hazard."
write this down ...
Still, some 1,300 jobs will still go to Mexico, which includes 600 Carrier employees, plus 700 workers from UTEC Controls in Huntington, Ind.
SUCKERS !!!!!
Bet Obamacare lost many, many more. And don't forget the fulltime jobs magically changed into parttime jobs.
Here's your magic:
Have someone explain that chart to you.
full time jobs increase, part time jobs decrease isn't a simple concept for idgets ... even when they try really hard.
I don't care what your chart looks like. This administration have twisted things so badly it has no meaning. Bottom line Obamacare was a job killer.
Translation: Even though the actual numbers prove everything you believe is a lie, you will just keep on pontificating your lies with no proof to back therm up.Breaking ! (added for RW drama)
Conveniently, we now have the details.
As Fortune reports, citing a source close to the company, Trump called Greg Hayes, CEO of Carrier’s parent company United Technologies, two weeks ago and asked him to rethink the decision to close the Carrier plant in Indiana. Hayes explained that the jobs were lower-wage and had high turnover, and the move was necessary to keep the plant competitive, according to the source. He said the plan would save the company $65 million a year.
Trump then replied that those savings would be dwarfed by the savings UTC would enjoy from corporate tax-rate reductions he planned to put in place. During the recent campaign, Trump threatened to slap tariffs on Carrier imports from Mexico.
So what were the "incentives"? In the end, UTC agreed to retain approximately 800 manufacturing jobs at the Indiana plant that had been slated to move to Mexico, as well as another 300 engineering and headquarters jobs. In return, the company will get roughly $700,000 a year for a period of years in state tax incentives. Still, some 1,300 jobs will still go to Mexico, which includes 600 Carrier employees, plus 700 workers from UTEC Controls in Huntington, Ind.
In summary, the "math" works out to $636 per year per job saved in tax savings: hardly an egregious sum, and one which could likely be extended to other companies (unless, of course, those other companies decide to hold Trump hostage and demand escalating pay schedules) if and when Trump's fiscal stimulus package is implemented. It remains to be seen if the popular response, outside of conservative groups, will interpret this trade off as taxpayer funded "moral hazard."
write this down ...
Still, some 1,300 jobs will still go to Mexico, which includes 600 Carrier employees, plus 700 workers from UTEC Controls in Huntington, Ind.
SUCKERS !!!!!
Bet Obamacare lost many, many more. And don't forget the fulltime jobs magically changed into parttime jobs.
Here's your magic:
Have someone explain that chart to you.
full time jobs increase, part time jobs decrease isn't a simple concept for idgets ... even when they try really hard.
I don't care what your chart looks like. This administration have twisted things so badly it has no meaning. Bottom line Obamacare was a job killer.
Why am I only hearing trump then?The SoftBank deal was signed BEFORE the election. Tramp is typically taking credit for other people's hard work!dude, he has Soft Bank coming in to build manufacturing. Signed deal.
Look it upThe FED started raising the rate on Dec 16, 2015. The Fed raised the rate again most recently this very month. So much for your Trumpery about GDP.they've been wanting to raise the interest rate for some time, but the GDP is soooooooo low they won't.
Back it up with numbers, or go away.PT jobs for economic reasons DECLINED by over 3.5 million after the ACA passed.Bet Obamacare lost many, many more. And don't forget the fulltime jobs magically changed into parttime jobs.
Don't you Trumpsters ever get tired of parroting the lies you get from GOP fake news???
Funny, the numbers meant enough to you to DEMAND them when you thought they would back up the lies your lying sources fed dumb SUCKERS like you, but now that you know your GOP fake news are worthless lying scum, only the lies are suddenly important and not the real numbers.Anything that doesn't promote your narrative is fine with me. If it upsets you so much why isn't Hillary president(you know the third term)those numbers mean 0 to everyone but you.
Already did!Look it upThe FED started raising the rate on Dec 16, 2015. The Fed raised the rate again most recently this very month. So much for your Trumpery about GDP.they've been wanting to raise the interest rate for some time, but the GDP is soooooooo low they won't.
Because you live in a fake news bubble that deafens you to the truth.Why am I only hearing trump then?The SoftBank deal was signed BEFORE the election. Tramp is typically taking credit for other people's hard work!dude, he has Soft Bank coming in to build manufacturing. Signed deal.
Or not eh?Already did!Look it upThe FED started raising the rate on Dec 16, 2015. The Fed raised the rate again most recently this very month. So much for your Trumpery about GDP.they've been wanting to raise the interest rate for some time, but the GDP is soooooooo low they won't.
You're STILL wrong!!!!!
And trump brought it hereBecause you live in a fake news bubble that deafens you to the truth.Why am I only hearing trump then?The SoftBank deal was signed BEFORE the election. Tramp is typically taking credit for other people's hard work!dude, he has Soft Bank coming in to build manufacturing. Signed deal.
REUTERS — PUBLISHED Oct 14, 2016 11:44am
Saudi Arabia and Japan's SoftBank Group (9984.T) said they will create a technology investment fund that could grow as large as $100 billion, aiming to create one of the world's largest private equity funds.
2 FED rate increases says the GDP is not as bad as you liars claim.Or not eh?Already did!Look it upThe FED started raising the rate on Dec 16, 2015. The Fed raised the rate again most recently this very month. So much for your Trumpery about GDP.they've been wanting to raise the interest rate for some time, but the GDP is soooooooo low they won't.
You're STILL wrong!!!!!
Bullshit!And trump brought it hereBecause you live in a fake news bubble that deafens you to the truth.Why am I only hearing trump then?The SoftBank deal was signed BEFORE the election. Tramp is typically taking credit for other people's hard work!dude, he has Soft Bank coming in to build manufacturing. Signed deal.
REUTERS — PUBLISHED Oct 14, 2016 11:44am
Saudi Arabia and Japan's SoftBank Group (9984.T) said they will create a technology investment fund that could grow as large as $100 billion, aiming to create one of the world's largest private equity funds.
who's getting the credit? you name then who brought Softbank to NC then.Bullshit!And trump brought it hereBecause you live in a fake news bubble that deafens you to the truth.Why am I only hearing trump then?The SoftBank deal was signed BEFORE the election. Tramp is typically taking credit for other people's hard work!dude, he has Soft Bank coming in to build manufacturing. Signed deal.
REUTERS — PUBLISHED Oct 14, 2016 11:44am
Saudi Arabia and Japan's SoftBank Group (9984.T) said they will create a technology investment fund that could grow as large as $100 billion, aiming to create one of the world's largest private equity funds.
No shit. People found this out a month ago.
Thanks for nothing, dumbfuck.
No shit. People found this out a month ago.
Thanks for nothing, dumbfuck.
Wow you mean tell us Trump and Spence put together a deal with Carrier that will cost Indiana tax payers $7 million dollars in welfare corporate benefits to Carrier, and then Carrier gets to automate the remaining jobs at the Carrier Plant? Boy......that's the Art of the Deal!!!!!
Stiff the tax payers and further enrich the corporations. Thanks Trump......you are a true Con-man fraud......but the people who voted for you...........just luv you.
Link on automating?No shit. People found this out a month ago.
Thanks for nothing, dumbfuck.
Wow you mean tell us Trump and Spence put together a deal with Carrier that will cost Indiana tax payers $7 million dollars in welfare corporate benefits to Carrier, and then Carrier gets to automate the remaining jobs at the Carrier Plant? Boy......that's the Art of the Deal!!!!!
Stiff the tax payers and further enrich the corporations. Thanks Trump......you are a true Con-man fraud......but the people who voted for you...........just luv you.
Tramp is offsetting $7 million of the $16 million Carrier is investing to replace workers with machines.Link on automating?No shit. People found this out a month ago.
Thanks for nothing, dumbfuck.
Wow you mean tell us Trump and Spence put together a deal with Carrier that will cost Indiana tax payers $7 million dollars in welfare corporate benefits to Carrier, and then Carrier gets to automate the remaining jobs at the Carrier Plant? Boy......that's the Art of the Deal!!!!!
Stiff the tax payers and further enrich the corporations. Thanks Trump......you are a true Con-man fraud......but the people who voted for you...........just luv you.
so........maybe that's why only 1100 hundred jobs were saved rather than all of them. Eh?Tramp is offsetting $7 million of the $16 million Carrier is investing to replace workers with machines.Link on automating?No shit. People found this out a month ago.
Thanks for nothing, dumbfuck.
Wow you mean tell us Trump and Spence put together a deal with Carrier that will cost Indiana tax payers $7 million dollars in welfare corporate benefits to Carrier, and then Carrier gets to automate the remaining jobs at the Carrier Plant? Boy......that's the Art of the Deal!!!!!
Stiff the tax payers and further enrich the corporations. Thanks Trump......you are a true Con-man fraud......but the people who voted for you...........just luv you.
The CEO of United Technologies just let slip an unintended consequence of the Trump-Carrier jobs deal
Greg Hayes, the CEO of United Technologies, the parent company of the heating and air-conditioner manufacturer Carrier, just let slip a consequence of a deal struck to keep jobs in Indiana.
And American workers won't like it.
The result of keeping the plant in Indiana open is a $16 million investment to drive down the cost of production, so as to reduce the cost gap with operating in Mexico.
What does that mean? Automation. What does that mean? Fewer jobs, Hayes acknowledged.
From the transcript (emphasis added):
GREG HAYES: Right. Well, and again, if you think about what we talked about last week, we're going to make a $16 million investment in that factory in Indianapolis to automate to drive the cost down so that we can continue to be competitive. Now is it as cheap as moving to Mexico with lower cost of labor? No. But we will make that plant competitive just because we'll make the capital investments there.
JIM CRAMER: Right.
GREG HAYES: But what that ultimately means is there will be fewer jobs.
The general theme here is something we've been writing about a lot at Business Insider. Yes, low-skilled jobs are being lost to other countries, but they're also being lost to technology.
Nice projection!so........maybe that's why only 1100 hundred jobs were saved rather than all of them. Eh?Tramp is offsetting $7 million of the $16 million Carrier is investing to replace workers with machines.Link on automating?No shit. People found this out a month ago.
Thanks for nothing, dumbfuck.
Wow you mean tell us Trump and Spence put together a deal with Carrier that will cost Indiana tax payers $7 million dollars in welfare corporate benefits to Carrier, and then Carrier gets to automate the remaining jobs at the Carrier Plant? Boy......that's the Art of the Deal!!!!!
Stiff the tax payers and further enrich the corporations. Thanks Trump......you are a true Con-man fraud......but the people who voted for you...........just luv you.
The CEO of United Technologies just let slip an unintended consequence of the Trump-Carrier jobs deal
Greg Hayes, the CEO of United Technologies, the parent company of the heating and air-conditioner manufacturer Carrier, just let slip a consequence of a deal struck to keep jobs in Indiana.
And American workers won't like it.
The result of keeping the plant in Indiana open is a $16 million investment to drive down the cost of production, so as to reduce the cost gap with operating in Mexico.
What does that mean? Automation. What does that mean? Fewer jobs, Hayes acknowledged.
From the transcript (emphasis added):
GREG HAYES: Right. Well, and again, if you think about what we talked about last week, we're going to make a $16 million investment in that factory in Indianapolis to automate to drive the cost down so that we can continue to be competitive. Now is it as cheap as moving to Mexico with lower cost of labor? No. But we will make that plant competitive just because we'll make the capital investments there.
JIM CRAMER: Right.
GREG HAYES: But what that ultimately means is there will be fewer jobs.
The general theme here is something we've been writing about a lot at Business Insider. Yes, low-skilled jobs are being lost to other countries, but they're also being lost to technology.
You are creating a story that isn't there. nice job!!
Nice projection!so........maybe that's why only 1100 hundred jobs were saved rather than all of them. Eh?Tramp is offsetting $7 million of the $16 million Carrier is investing to replace workers with machines.Link on automating?No shit. People found this out a month ago.
Thanks for nothing, dumbfuck.
Wow you mean tell us Trump and Spence put together a deal with Carrier that will cost Indiana tax payers $7 million dollars in welfare corporate benefits to Carrier, and then Carrier gets to automate the remaining jobs at the Carrier Plant? Boy......that's the Art of the Deal!!!!!
Stiff the tax payers and further enrich the corporations. Thanks Trump......you are a true Con-man fraud......but the people who voted for you...........just luv you.
The CEO of United Technologies just let slip an unintended consequence of the Trump-Carrier jobs deal
Greg Hayes, the CEO of United Technologies, the parent company of the heating and air-conditioner manufacturer Carrier, just let slip a consequence of a deal struck to keep jobs in Indiana.
And American workers won't like it.
The result of keeping the plant in Indiana open is a $16 million investment to drive down the cost of production, so as to reduce the cost gap with operating in Mexico.
What does that mean? Automation. What does that mean? Fewer jobs, Hayes acknowledged.
From the transcript (emphasis added):
GREG HAYES: Right. Well, and again, if you think about what we talked about last week, we're going to make a $16 million investment in that factory in Indianapolis to automate to drive the cost down so that we can continue to be competitive. Now is it as cheap as moving to Mexico with lower cost of labor? No. But we will make that plant competitive just because we'll make the capital investments there.
JIM CRAMER: Right.
GREG HAYES: But what that ultimately means is there will be fewer jobs.
The general theme here is something we've been writing about a lot at Business Insider. Yes, low-skilled jobs are being lost to other countries, but they're also being lost to technology.
You are creating a story that isn't there. nice job!!
1,100 were not saved at all.
300 were executive and research positions that were not going to Mexico no matter what, and the remaining 800 were to be partially replaced by automation. Only those few workers who can be trained to run the machines would be kept after the conversion to automation, according to CEO Hayes.
From the same link:
Hayes said in the same interview that United Technologies was focused on how to "train people for the jobs of tomorrow."
Tax payers of Indiana won't be laughing when they realize Trump-Pence and Carrier fleeced Indiana for $7 million dollars!!!!!No shit. People found this out a month ago.
Thanks for nothing, dumbfuck.
Wow you mean tell us Trump and Spence put together a deal with Carrier that will cost Indiana tax payers $7 million dollars in welfare corporate benefits to Carrier, and then Carrier gets to automate the remaining jobs at the Carrier Plant? Boy......that's the Art of the Deal!!!!!
Stiff the tax payers and further enrich the corporations. Thanks Trump......you are a true Con-man fraud......but the people who voted for you...........just luv you.
