The Main stream Media is touting this as more Corporate Welfare. In my opinion it’s President Elect Trump making good on his promise to stop the trend of globalization and outsourcing. He convinced Carrier — an Indianapolis-based air-conditioning manufacturer — to abandon its plans to eliminate more than 2,000 Hoosier jobs and shift its production to Mexico.
Mr. Trump will be hard-pressed to alter the economic forces that have hammered the Rust Belt for decades, but forcing Carrier and its parent company, United Technologies, to reverse course is a powerful tactical strike that will hearten his followers even before he takes office.
Even Cenk Ugar of the (Very Leftist) Young Turks gave President Elect Trump high praises for this accomplishment. Stating that this is something the democrats have had the power to do for years but would not do. Cenk went on to say that President Elect Trump deserves the credit where credit is due.
In exchange for keeping the factory running in Indianapolis, under the terms of the deal, Carrier would maintain more than 1,000 jobs at its furnace plant here instead of moving the work to Mexico. The company would receive a $7 million incentive package from Indiana in exchange for a $16 million investment in the facility over the next two years — though Trump said Thursday that amount would likely be higher.
House Speaker Paul Ryan, defended the deal during a press conference with reporters “I think it’s pretty darn good that people are keeping their jobs in Indiana instead of going to Mexico,” he said. He also emphasized that Republicans are hoping to pass comprehensive tax reform that would lower corporate tax rates, providing a boon to all businesses beyond any individual deals.
Regardless of what the media says this is a WIN For the Trump Administration and it solidifies his business experience as a major plus in negotiating with companies to invest in America.