Read The Fine Print: Carrier Deal Is Not A Permanent Solution

[DonViejo]

Source: Reuters

December 1, 2016 12:53 am

WASHINGTON (Reuters) – United Technologies Corp said on Wednesday it will retain more than 1,000 jobs at a U.S. Carrier Corp plant that was to close after receiving state financial incentives and a pledge to boost the business climate by the incoming Trump-Pence administration.

The deal was announced on Tuesday but details were disclosed on Wednesday. It came about after talks between the company’s chief executive, President-elect Donald Trump and Vice President-elect Mike Pence, the Indiana governor.

The company said the announcement was “possible because the incoming Trump-Pence administration has emphasized to us its commitment to support the business community and create an improved, more competitive U.S. business climate. The incentives offered by the state were an important consideration.” Trump, who will tout the deal at an event at Carrier’s Indianapolis plant on Thursday, had vowed during the campaign to impose hefty taxes if Carrier moved jobs overseas.

The deal will save about half of the 2,100 jobs that Carrier’s parent company, United Technologies, announced in February it would cut in closing two Indiana plants. Carrier also vowed to make “significant investments to continue to maintain a world-class furnace factory.”

-snip-





Read more: http://www.nationalmemo.com/read-fine-print-carrier-deal/

[ehrnst]

1. 1. Carrier has the 7th highest rate of federal funding in 2015 of ALL private companies.

2. Carrier makes plans to move 2000 jobs out of the US.

3. Trump, who will soon exert a very large amount of influence over which companies receive federal funding, publicly calls Carrier to "negotiate" keeping the jobs in the US.

4. Carrier agrees to keep half the jobs in the US.

Crony capitalism at work

[Sunlei]

4. How about instead of stuffing 5 billion a year into carriers pocket we hand those 600 a million.

Be a lot less expensive for OUR limited Federal funds.

[greymattermom]

5. How about this

anyone whose job is off shored gets a million in a retirement fund and medicare part E, paid for at least partially by a fine to the company that did the offshoring.

[Sunlei]

6. I volunteer for my pink slip million to save a billion in Federal/State Corporate welfare!

[Sunlei]

2. showmans lie of words, sure gets the unfit one another 'headline' for the headline only crowd.

[yellowcanine]

3. Sounds like a typical Trump "Deal." - half a loaf to the little guy.

The deal will save about half of the 2,100 jobs that Carrier’s parent company, United Technologies, announced in February it would cut in closing two Indiana plants. Carrier also vowed to make “significant investments to continue to maintain a world-class furnace factory.”

The company still plans to close a factory in Huntington, Indiana, that employs 700 people making controls for heating, cooling and refrigeration and move the jobs to Mexico by 2018.


I am happy some jobs are being saved. But I am very skeptical that it has anything to do with Trump. Sounds very much like Carrier was looking to deflect from the fact that they are shutting down a factory in Indiana and moving all of those jobs to Mexico. Who even knows if the same "deal" would not have been worked out if Trump had lost?

[Blue Idaho]

7. Indiana coughs up taxpayer money to save jobs... for now.

Thanks to the Governor/Vice apresident elect the good people of Indiana handed Carrier $700,000 to save 1,000 jobs - for now. So what is going to stop Carrier from going to the well again and again and again? Since this worked so well what's going to stop other companies from extorting public funds to improve their bottom line?

THIS IS NOTHING MORE THAN CORPORATE WELFARE ON STEROIDS.

[kacekwl]

8. More competitive business climate means

lower wages / benefits and more corporate welfare. Great deal for someone.

[GeorgeGist]

9. What's the difference between bribes ...

and financial incentives? Just curious.

[Javaman]

10. and after snuffles gets in, Carrier will quietly move their ops to where ever

and it will all be forgotten by the right wing mouthbreathers.

it's not about substance, it's about smoke and mirrors.