Economy: President-elect Trump's deal with Carrier isn't important because it saved 1,000 jobs. It's important because of the message it sends to businesses everywhere: Help is on the way.
The reaction to Carrier's decision to retain some of its employees after meeting with Trump has been amusing. On the one hand, Trump's critics say the deal was a mere trifle, since there are still so many people out there hurting. On the other hand, they claim that Trump is acting like a third-world despot.
A few headlines paint the picture:
"Trump's Carrier Victory Is the Economy's Loss"
"Trump's Carrier deal is right out of Putin's playbook"
"Is Trump's Deal With Carrier A Form Of Crony Capitalism?"
"Trump Cheered for Carrier Deal Even as Other Jobs Are Trimmed"
"Bernie Sanders: Donald Trump 'Has Endangered' U.S. Jobs With Carrier Deal"
The White House, meanwhile, sniffed that saving 1,000 jobs was a mere fraction of all the manufacturing jobs supposedly created on Obama's watch. (Earth to White House: Trump isn't even president yet. Plus, there are 300,000 fewer manufacturing jobs today than when Obama took office in January 2009...
...the message Trump is delivering to business leaders, we should all be cheering
It means an end to eight years in which President Obama, instead of supporting U.S. companies, arrogantly scolded business... ...and a surging population of labor-force dropouts.
What's more, if Trump succeeds in cutting business taxes, allowing companies to repatriate money parked overseas, and easing the regulatory burden on job creators — as he's promised — he won't have to browbeat companies into keeping jobs here, because they will already be doing that, and creating millions more.
We can hardly wait to see how Trump's critics try to put a negative spin on that.
(Excerpt) Read more at investors.com ...
