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8,000 New US Jobs? Trump Takes Credit For Sprint, Startup Decisions (usatoday.com)
President-elect Donald Trump has announced that Sprint is moving 5,000 offshore jobs back to the United States and OneWeb, a satellite Internet startup, is adding 3,000 more jobs in the U.S. From a report on USA Today: The jobs were made possible, Trump said, through Softbank CEO Masayoshi Son, a Japanese billionaire and technology investor, who met with Trump in New York earlier this month. After that meeting, the two businessmen announced Softbank would invest $50 billion in the U.S. and create 50,000 jobs. Softbank owns 80% of Sprint and this month it invested $1 billion in OneWeb, a venture that intends to offer affordable Internet access. Son called the investment a "first step" in his commitment to Trump.
Thank you Trump! Making deals and you're not even in office yet!
I bet Obama is off golfing right now.
Trump is taking credit, but he had nothing to do with it, the investment in question has been in the works for a long time.
I was skeptical about Trump but his headship pre-presidency has impressed the hell out of me.
Politicians are self-promoters and they take credit for things other people did.
Trump is taking credit, but he had nothing to do with it, the investment in question has been in the works for a long time.
That's pretty much what the guardian is reporting.
Damn son !
They've already asked, it was already announced, they've already admitted it was part of the already announced spending.
https://www.engadget.com/2016/12/28/trump-isnt-responsible-for-sprint-bringing-5-000-jobs-to-the-us/
"When I reached out to a Sprint spokeswoman asking if the announcement was a direct result of working with Trump or part of a pre-existing deal, she copy and pasted the press release I'd sent along with my first email. I responded saying I already had the press release and asked again if this was a direct result of working with Trump or part of a pre-existing deal in place. I tagged Sprint in a tweet about the situation, and it wasn't until after that started getting retweeted that the spokesperson responded...."This is part of the 50,000 jobs that Masa previously announced," she said."
I'm afraid Trump is very gullible and very needy. They can tell him anything and he'll fall for it like a child.
Every political leader throughout the history of time tries to take credit for anything good that happens. This is not news. It should not be on slashdot. The only reason it is here is because Trump is a polarizing figure that gets people riled up.
had nothing to do with you, you fat fucker.
A politician saying something that's not the whole truth? Inconceivable!
It will be a race to the bottom for Americans to lower their standard of living faster than China, India, Pakistan, Indonedia and Vietnam.
Oh please. Trump isn't even President and he's already created nearly 10,000 US jobs. Companies that were planning on moving jobs offshore are afraid of what a Trump administration would do to them, and they're instead creating them in the US. This is great news, and all the people trying to pretend that it isn't are just envious that America finally has a President who will make America great.
... the name of a telecom company, as opposed to a bank? Or why doesn't this company have more of a 'communications' name to it? Everytime I see this company and its name, my mind tells me Cap Markets, Mutual Funds, Banking, et al
eh?
"Son called the investment a "first step" in his commitment to Trump."
sounds like he actually had something to do with it...
This is kind of our own fault. We're the ones who vote for POTUS based on how we feel the economy is doing, when there's very little evidence the POTUS has any significant effect on that whatsoever. (In actuality, its probably much like being a coach. A good one can't really help all that much, but it is possible for a bad one to royally screw things up)
If the economy is going to be our metric for how a President is doing, and there's no objective statistical backing for it, its only natural to expect that one would cynically use bogus statistics to pump himself up. Don't hate the player, hate the game.
Why did Japan’s SoftBank pledge $50 billion for U.S. investment?
SoftBank Group Corp.'s recent pledge to President-elect Donald Trump that it will invest $50 billion (5.9 trillion yen) in the United States raises the question, what's in it for Chief Executive Masayoshi Son?
The big-money decision prompted speculation that it is Son’s attempt to thaw the frosty relationship between Trump and Silicon Valley tech giants, including Apple Inc., with which Son and Softbank enjoy a highly lucrative relationship.
Another theory is that Son is keen to befriend Trump so he can revive his stalled attempt to buy out U.S. telecoms giant T-Mobile, a deal previously thwarted by the U.S. Democratic administration.
Japanese tech billionaire Son offered the substantial investment to create 50,000 new jobs over the next four years during a meeting at Trump Tower in New York on Dec. 6.
The article goes on to list other deals that Son that made with other world leaders like South Korean President Park Geun-hye and Russian President Vladimir Putin. Softbank Group makes deals advantageous to them and to the politicians who now can claim they brought investments and jobs to their country. This is exactly the kind of deals that Trump claimed he make to bring jobs back to the US.
"Jobs created or saved"!
God, I hope I'm wrong.... I cannot begin to describe how much I wish he was just a nut.... while the years might not match up exactly with his claims, they wouldn't be off by that much if civil war broke out in the USA within the next 4 years.
And I am genuinely fearful for what is going to happen not only in North America in the near future.... The USA has put the nuclear launch codes in the hands of a man who has a history of acting like a petulant child when he hears something that he doesn't like and fear that there are not enough checks and balances to keep someone who might be mentally unstable from basically ending modern civilization as we know it for everyone just because he happened to lose his temper about something and thought "well I'll show them!"
I am not trying to troll, nor trying to incite any kind of flame war here... this is an honest-as-I-could-ever-be genuine concern that we are about to enter an era that will be remembered as the most destructive in human history.
You're absolutely right about that. Kevin Drum at Mother Jones Magazine posted all the details as part of the following entry on his blog:
http://www.motherjones.com/kevin-drum/2016/12/donald-trump-holds-micro-press-conference-comes-idiot
The Guardian is a Leftist, pro-Islamic British rag. Nothing that they write about the US is worth even wiping your butt with
Trump is taking credit, but he had nothing to do with it, the investment in question has been in the works for a long time.
So it's the exact opposite of the UN vote on Israel? That Obama's trying to say he had nothing to do with it, but behind the scenes he orchestrated the whole thing?
(And that UN resolution on Israel pretty much guarantees that there will be no peace - the Palestinians weren't negotiating in good faith before - they've never recognized Israel's right to exist. Why would the Palestinians accept a two-state solution when naifs like Obama keep handing them things? The de facto Palestinian position is to wipe Israel off the map - literally. AKA genocide. And remember - they'll celebrate the deaths of kafirs...)
Even if that were true (and it isn't - as the others have said, this was announced in 2015 before Trump was even running for president), then at best he's created enough regulatory uncertainty that companies are willing to temporarily publicly hedge their bets for PR gains. You think that will last or that they won't continue to do in private what they've always done and just make sure it stays more quiet instead? If so, I have a bridge to sell you. But then, it sounds like you bought Trump's talking points hook, line, and sinker, so I suppose you already bought that bridge.
Every joker is going to pay some lip service to Trump, while doing what they have to do to run their business. The real question is if it is really economically viable to move off-shored jobs back to the US at scale. A 'real' president would have focused on making it so.
Mother Jones? Really?
Any credible sources?
John McAfee 'It was like that time I hired that Bangkok prostitute; to do my taxes, while I fucked my accountant'
That's not really the point though.... companies expanding in US will be good guys and companies doing the opposite bad. Just reinforcing the narrative.
love is just extroverted narcissism
" is now gonna impose sanctions on Russia to put Trump in a bind Russia already has sanctions "
So Trump wants them to hack the 2020 election to ensure he gets elected then? Because that's what he's saying when he's telling CIA, FBI etc. to ignore the Russian election hacks. What does he expect in 2020? That they'll put him in power again? Only if he dances to *their* tune. And what does the Republican senators expect? That's Russia will only hack *for* the GOP??? If they dance to Putin's tune and give him whatever he wants.
Trump really needs to stop being a traitor to America.
"Seriously, I know his term doesn't end until Jan 20th, but this is not the time to start anything new, unless your successor is on board w/ it"
Obama doesn't need Putins approval to impose sanctions for Putin's attack on America, and every red blooded Republican should be defending their country against foreign attacks.
Trump still hasn't sold off his foreign businesses, he still hasn't put his US business into a blind trust, he just received a bailout from somebody to keep that business afloat. He needs to be impeached for receiving Rubles for Vetos.
Unemployment running out for someone was counted the same as if they had found a job. We have been seeing that sort of ridiculous behavior for years out of the current regime, but please, continue to bemoan every single step Trump makes. Before he is even in office, no less...
> He's also telegraphed every company that the way to be on his good book is jobs...
Lol. Not even close.
He gave Carrier $7M tax dollars in order to replace people with robots.
What he's "telegraphed" is that the way to be on his good book is to say great things about him because then he'll say great things about you.
Also, "A guy calls me a genius and they want me to renounce him? I'm not going to renounce him."
So yeah, if you want Donald Trump to like you, all you gotta do is praise him like a puppy.
I haven't read anything beyond the article but I don't see where Trump is taking credit. He just describes a sequence of events and talking up a company investing in US jobs.
love is just extroverted narcissism
It's better than that: the story as reported in the summary sounds a whole hell of a lot like political corruption. Trump gets into office, and a businessman is spending billions of dollars to aid his political status? What are these secret meetings about? What advantage is there now to this spending? Who gets the kickbacks?
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I think onshoring has been a trend for a while now.
What I've been noticing about Chinese goods made by Chinese companies versus Western-branded goods made in China is that while you can still get absolute junk for dirt cheap from the Chinese companies, medium- to higher-end goods from Chinese and Western companies is becoming on par in terms of quality and price. In some cases Chinese companies offer a thing that no Western company offers. That's right, actual innovation. For example, my wooden alarm clock/Bluetooth speaker with Qi and USB charging. No Western company offers anything like that. And it costs what you would expect to pay, closer to $100. The better stuff from China nowadays is not a copy of a Western product, and it commands a price premium. What I'm saying, in other words, is that China is making the same transition that Japan made. China will coexist with Japan and the West and focus on the higher end. What's concerning to me is that economic success seems to be making China more authoritarian, although the Chinese people are great at poking holes through to the West. Perhaps the political situation in China will take care of itself.
As such, as did the Japanese, I would expect the Chinese to bring factories online in the US. There is no substitute for the cheap junk, but as Japan learned there is not much profit in it either. The good stuff like automobiles, you manufacture in the United States, and you employ Americans. Trump gets credit, everybody is happy, but it was the best decision purely in terms of the numbers.
Mother Jones, The Guardian, et al. are all credible sources if you follow the Progressive/Socialist/Communist narrative.
> he's already referring to himself in the third person,
Don't you know? That's the sign of a humble, caring man of the people.
After all, that narcissist Obama says "I" way too much in his speeches.
I don't know what happened in the phone calls between Trump and the executives who control Sprint, who has has worked with before. I do know that just because they were considering a move like this, that doesn't mean discussions with Trump didn't figure into the ultimate decision and announcement. In fact, if I were Sprint (and even actually being the head of a tiny company), I often wouldn't finalize major decisions during a presidential campaign. A year ago, Sprint / Softbank knew that the political and regulatory environment in the US might make a major change either way.
Heck a year ago Bernie Sanders was polling almost as high as Clinton. There was a real chance that Bernie Sanders, the self-described socialist, would be sworn in as president before Sprint opened the US facility. So Sprint was trying to decide where to build the facility, not knowing if they'd be subject to regulations and tax policy from either Sanders, Clinton, trump, or possibly someone else. It wouldn't surprise me at all if the final decision to press "Go" was influenced was a) Trump winning and b) Trump's discussions with them, assuring them that the new president will appreciate the value of jobs, not just at Sprint, but jobs related to the Sprint facility - the cafe where the workers eat lunch, etc.
that's what I think of when I see these stories (read: 1984). That's what 1984 was really about: Manipulating information to oppress people (specifically television).
Hi! I make Firefox Plug-ins. Check 'em out @ https://addons.mozilla.org/en-US/firefox/addon/youtube-mp3-podcaster/
You mean like how Al Gore takes credit for inventing the Internet?
We've never had a President who sells branded merchanise online to anyone with a dollar, ruble or yen free. That's new. We've never had a man trying to take the office of President basically give the law a finger and continue to accept foreign money.
You want tro create jobs? Buy Trump brand merchandise, some of it is still made in the USA. Not the Official Trump Branded clothes, they're made in Bangaladesh, the Trump brand "Success" perfume is still made in the west kinda (in a German chemical factory). The pins are made in, erm China. The wallets are Chinese made, but they're shipped and packed in America!
"President Elect" Trump accepts dollars, rubles, yuan, yen, euros, Panamanian dollars, Nigerian dollars, Israeli shekels, Pounds, Syrian pounds, you name it, he'll accept it.
And do you think for a second, they won't give him a discount in exchange for a favorable deed as President?
The OneWeb jobs will be mostly for skilled technology workers. To the forgotten coal miners, manufacturing workers, etc... too bad. This economy is continuing to leave you behind. Building a satellite is a bit different than building an air conditioner; managing a global data service is different then selling an air conditioner.
Jobs are great, but to the folks who voted for Trump because they wanted their jobs back are in for a disappointment.
How come Giuliani and Christie didn't end up in his cabinet in positions they liked, if that was all it took? How was it that Romney was seriously considered for the #1 job in the cabinet? And how did Trump consider other serious opponents, like Carly?
GOP Definitions: "Creating jobs":
Keeping jobs that already exist in the US, in the US.
synonymous with: bullc*ap
The guy who said the election was rigged won the presidency with the second-most votes.
You guys were optimistic about the new energy jobs Obama touted from the companies that eventually failed but Trump's news you just poor mouth it.
Shovel ready never happened as Obama admitted...
But let's just assume random forum posters are telling the whole truth! Yeah, that's the ticket!
It is if the facts are what is really happening. Or if there is a more plausible explanation of what is happening.
I would trust Mother Jones over Breitbart or The Blaze to be more accurate.
Thanks to Donald Trump, the Chicago Cubs won the 2016 World Series #ThanksDonald.
You are welcome on my lawn.
Haven't you gotten the memo? You have to hate on Trump for everything he does, or doesn't do. If he manages to cure cancer, you have to accuse him of doing it for some nefarious reason. If stocks rise, remember, Trump had nothing to do with it. If they fall, it's all his fault.
Basically, treat it the opposite of how Obama was treated.
"it invested $1 billion in OneWeb, a venture that intends to offer affordable Internet access".
"affordable Internet access"?
The project is projected to be around $3 billion.
To be affordable, I imagine they're expecting a very high number of users that would use a fairly low average amount of bandwidth each, and would have a very long projection for investment return (many decades to break even). My guess is that it's pricing model will be like 4G\LTE (pay per GB), but have higher latency (but not as bad as traditional satellite internet), and have more range than 4G. Anyone know how big a transmitter and receiver will be? If it's small enough to integrate into a normal smartphone, I could see a big potential there. Otherwise, I think the use cases will be limited, so it will probably not be "affordable" to break even, unless they make a lot with military, gov, big corps, that will pay very big money for internet in remote locations, which would subsidize the rest of the users.
Good luck to them either way.
Yes, not entirely accurate, but it's still a step up from the previous administration's definition, which is outright job loss to globalism.
Go Trump!!!
So we'll say "Thanks Thump" when anything good happens, like we did the "Thanks Obama" when something bad happened?
My ice cream cone melted and fell on the sidewalk. Thanks Obama...
the Palestinians weren't negotiating in good faith before - they've never recognized Israel's right to exist.
Because Israeli policies are so focused towards a two-state policy. Except they keep building heavily fortified and armed Jewish-only settlements on Palestinian land (these settlers are armed by the Israeli government and are afforded practical immunity for killings of Palestinians), have cracked down on elected Arab members of the Knesset (and also passed a law that allows them to be expelled from the Knesset by a 2/3 vote), deny Palestinian building permits and access to reliable water and electricity, and will shoot dead teenagers who throw rocks at armored vehicles.
But in all fairness, Israel and Palestine really are true "co-belligerents", but since the leaders of both sides need the status quo to remain in power the possibility of both sides negotiating in good faith is extremely small. At this point any solution that doesn't involve the eradication or expulsion of one side will have to be enforced. With emphasis on "force".
The only thing necessary for evil to triumph is for it to be pitted against a slightly greater evil
I'm just astounded at the number of folks on Slashdot pointing out "these things have been long time in the works, Trump played no part in this!" That's some USA Today level commenting. Yes, we all know, anything good and the President-elect takes credit, anything bad and the President-elect places blame on the current President. This play is about as old as all get out.
If anyone is on here stating the obvious thinking they somehow are revealing the lie, well my assumption is that the Slashdot users are a little more intelligent to not fall for the "look at what I did" game. If there's anything to note about this, is that it is starting to look like the majority of jobs that Trump aims to "bring back" to the USA are going to be low waged, we're missing one piece in the automation process, jobs that aren't going to on large scales do much for the economy. In order for Trump to make good on the infrastructure changes that he's aiming for and the tax cuts that he's aiming for, he's banking on 4% GDP growth (Note - From rightest leaning website I could find carrying it.) for every year he's in office. You can head over here to see what's been the going rate of change. You'll see lots of ups and downs that average over a year's span don't come out to 4%, ever.
If the old Trumpster fire thinks he's going to get to his goal with repeating over and over the 8000 of jobs that are being indicated here, he's dead wrong. They're jobs, yes. However they do not pay enough, to move the needle much. Even if this was repeated every day dude was in office. Just to note, that Carrier deal that Trump thumps, I'll just give him the benefit of the doubt and call it 1000, we'd need roughly five of those per day for every day he's in office for the next four years to reach the GDP growth he's aiming for, if we strictly keep it to trying to grow the economy.
The gaurdian has tons of credibility, especially after the Snowden revelations. They certainly have more credibility than an anon poster who thinks they are pro Islamic? Where you you people get this drivel from?
Rather than be happy that jobs are returning to the US, you people have to turn it into a polarizing "them vs. us" anti-Trump argument.
Some of you must have friends outside the IT industry, and more to the point in middle America. If you do, then you shouldn't be blind to what's happening to the middle class. I don't give a damn who created the jobs and why - I'm simply happy to see people living with hope again.
Not hope for a wall. not hope for Trump, and not hope for blocking immigration from terrorist-supporting countries. Hope for a future in which they can afford to send their kids to school, hope that they can afford to have medical coverage, and hope that our country has not abandoned them.
Anything Trump-related brings out the worst in the liberally inclined though. I think you all need to look deep within about what you hate so much. Trump ain't all that, but neither is being so distracted by your hatred of others that you cannot see the good that's happening to others.
Will I directly benefit from any of this? No - I'm fortunate to have a good job, but when I see people I grew up with depressed about working 50-60 hours a week, just to take home minimum wage, I have hope again. Not for Trump and what he may or may not do, but for my friends and family who look happy for the first time in a long time.
All right hate mongers - Feel free to insult me, suggest I sleep with relatives, and to call me a racist. If you're going to go down this path though, at least try to seperate yourself from the sheeple and provide something compelling for a change.
https://www.youtube.com/watch?v=uhY9Zxv1-oo
Oh, you left out the part about expanding power and infrastructure grid on to settlements in Palestinian territory and extending all judicial rights to cover any issues as well as providing defensive protections for the people within the area.
Settlements is not the right word and never has been. The proper term is Annex.
and you're ALREADY blaming him for company decision, just let him get in office and THEN berate him for autocracy!
What..? HE is taking the credit? Does he know people are also blaming him for cockups happening now? So he accepts the cockups, then, right? No? Well surely the trump supporters will be wondering why he's to blame for bad and good things before he's president. No?
Damn.
That's just something I don't get. Investing USD 1 million in something and then creating just a single job in the process?! It's as if there's at least a zero wrong somewhere.
and will shoot dead teenagers who throw rocks at armored vehicles.
If dead teenagers are throwing rocks at armored vehicles then I strongly support not only shooting them but decapitating them and burning the zombie corpses. The last thing that area needs is a zombie apocalypse.
You keep using that word. I do not think it means what you think it means.
There many articles about US politics for 2017, but just two headlines. Use whichever one suits the story:
1) Trump lies about stuff
2) Trump is a whiny little bitch
Mother Jones is as credible as Stormfront. Echo chamber for a fringe.
John McAfee 'It was like that time I hired that Bangkok prostitute; to do my taxes, while I fucked my accountant'
There are no facts. Reality is a myth. Existence is a myth; descartes was wrong, cogito non ergo sum.
Trump is taking credit, but he had nothing to do with it, the investment in question has been in the works for a long time.
My take: the companies in question are letting him take credit for it. They want to be on his good side. And the way to be on Trump's good side entails the following: (1) be obsequious to him; and (2) bring celebrities. One out of two doesn't hurt.
If it weren't for deadlines, nothing would be late.
That's what I want to know! What are all those nasty dictatorship oil companies donating tens of millions to the Clinton charity expecting in return? And now that it is a wasted investment, what next?
Oops, wrong official. Oh well, "follow the money" and all that...
What's to hate?
I'm confused. Surely the Republicans believe in the free market, which means companies should be able to do whatever the fuck they want.
Because anything else is cormanizzum, death panels and being obliged to make pink cakes for raving mincers.
Confucius say, "Find worm in apple - bad. Find half a worm - worse."
If they tell Trump it's because of him... then it's probably because of him.
Or did I misunderstand the establishment's stances on regulation, taxation and globalism?
Not any longer, ever since Trump figured out the Republican voters didn't believe Republican economic theory further than they could spit a two-headed rat. And as it turns out, the Republicans in Congress were only spouting it because it sounded good at the time. Now it sounds good to suck up a lying sack of shit, they recognized him as one of their own.
Tell you what, as soon as Trump says something that is true, then we'll give him plaudits for saying it.
Trump supporters are likely too uneducated to qualify for these jobs.
The gaurdian has tons of credibility, especially after the Snowden revelations. They certainly have more credibility than an anon poster who thinks they are pro Islamic? Where you you people get this drivel from?
From led-tainted water and a lifetime of supersized freedom fries cooked on bald eagle oil.
I very much doubt there were any. People in politics like to jump on good news and pretend they were involved.
Shiesty deals behind closed doors? Yeah, that's how the government should do business. What the fuck are you doing Trump?
The pro-Islamic comment was complete claptrap.
However, The Guardian lost credibility after Snowden, and after they were forced to destroy some hard drives in front of GCHQ personnel.
Glenn Grenwald caught them lying, distorting and dissembling just recently.
"The Guardian’s Summary of Julian Assange’s Interview Went Viral and Was Completely False"
https://theintercept.com/2016/...
USB, USB, USB!
The Republicans who believed in the 'free market' were trounced in the elections. Even in the debates, if you recall, they didn't try to refute Trump when he'd condemn TPP and trade agreements w/ China. Only Ted Cruz tried it towards the end, while arguing that it would start a trade war. Although the argument against that is that tariffs can be charged on products at the point of entry into the US, not at the point of sale. So if a company ships a product in, pays a tarrif and then can't sell, or has to do a firesale, it's screwed. Which is why it needs to look at the most cost effective US manufacturing
It doesn't matter how conservative or republican voters may be: if they see their jobs disappearing to countries where the currency is valued 2% that of the US, thereby causing labor costs that are orders of magnitude lower, they're not gonna keep supporting policies that allow it, no matter how purist it may be ideologically. Which is why the GOP lost its ideological purity. The Dems had a better chance by going pure socialism, but rigged it, and lost the election as a result