He is so appealing to the business community that people are investing in the future of our economy and we are seeing record stock markets, jobs staying in America
The jobs 'staying' in America were already planned long before Trump became President. Same as some are remaining out of the country.
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President Obama's presidency began a year after the stock market lost nearly 40% in the midst of the 2007-2008 financial crisis.
"When President Obama's term as president started the markets were grossly undervalued," he said.
"Obama just happened to be at the right place, right time — after a 50%-60% correction in the equity market amid historical fears about another depression," Paulenoff added.
Trump, on the other hand, is not in the right place.
"He is touting the upside in equity markets, for which he is not responsible," Paulenoff said."And it's ironic because the coming correction is also not his fault, but people will likely attribute it to him."
http://www.businessinsider.com/trump-in-wrong-place-at-wrong-time-when-it-comes-to-the-stock-market-2017-2
Ford
The decision not to build the plant in Mexico, where Ford had planned to build the next generation Ford Focus, was scrapped because “we’ve seen decreasing demand here in North America for small cars, and we simply don’t need the capacity anymore,” Fields said on Fox Business News. Instead, he said, Ford will build it in an existing facility in Mexico.
Fields noted that the 700 new jobs were in addition to the 28,000 the company has added over the last five years. The company has also invested $12 billion in U.S. plants over the same period.
“Would you have done this [the moves announced] if Donald Trump were not elected president?” Cavuto asked.
“Yes, absolutely,” Fields said.
General Motors
But GM leaders stressed that the investments in the U.S. were part of a longtime trend. The company noted that it has announced investments of $2.9 billion in the U.S. in 2016 — and more than $21 billion since 2009.
The insourcing of IT jobs, in particular, has been part of an ongoing strategy. The company’s press release states:
GM press release, Jan. 17: GM’s announcement is part of the company’s increased focus on overall efficiency over the last four years. With a strategy to streamline and simplify its operations and grow its business, GM has created 25,000 jobs in the U.S. − approximately 19,000 engineering, IT and professional jobs and 6,000 hourly manufacturing jobs – and added nearly $3 billion in annual wages and benefits to the U.S. economy over that period. At the same time, GM reduced more than 15,000 positions outside the U.S., bringing most of those jobs to America. During that period, the company moved from 90 percent of its IT work being outsourced to an insourced U.S.-based model.
Lockheed Martin
But it’s unclear how Trump can claim that the additional jobs “came back because of me.” As the New York Times reported, the “government’s next contract in the F-35 project would cover 90 planes, compared with 57 in the previous batch. The increase was in the works before Mr. Trump was elected, and other Lockheed officials said the added positions would come as production increases.”
In other words, Trump can claim credit for helping to drive down the cost of the program — though the Times noted the cost had been dropping even before Trump weighed in — but the additional jobs announced by Lockheed are tied to increased production of F-35s called for in the new government contract.
Michelle Krebs, a Detroit-based senior analyst for Autotrader who has been writing about the automotive industry for 35 years, told us few of the automakers’ announcements were a surprise to her or anyone else who covers the industry.
Bruce Belzowski, managing director of Automotive Futures group at the University of Michigan Transportation Research Institute, told us Trump and the automakers appear to be using each other for public relations purposes.
“They [jobs] didn’t come back because of him [Trump],” Belzowski said.
Most of the auto manufacturing investments have been in the works before Trump was elected, he said, but there is an incentive to announcing them now that extends beyond staying on the good side of the incoming president.
“He’s a pretty good PR machine for them,” Belzowski said. And for Trump, he said, it gives the inflated impression that he is affecting significant change.
Belzowski thinks car companies are “taking advantage of” Trump’s platform and “playing up to him. … And he seems to want to be played up to.”
The new investments by car companies in the U.S. have been happening for years, since early in the Obama administration, he said. They just didn’t get the same kind of media attention.
Nonetheless, the authors expect such announcements to continue. “We expect manufacturers to continue to publicly announce investment plans in the US even if they are not directly linked to the election,” the report states.
Maryann Keller, an independent auto industry consultant at Maryann Keller & Associates, chalked up the moves by automakers as “the normal course of business.”
“All they’re doing is announcing investments that they would have made anyway,” she told Bloomberg.
Again, corporate officials at all of the companies Trump listed praised Trump’s plans as business-friendly — specifically his promises to reduce regulations and cut corporate taxes. Those may well allow companies to grow in the future — time will tell. But as for the recent spate of announcements made by these companies, experts and officials from the companies themselves warn not to assign too much credit to Trump.
Trump: Jobs Returning ‘Because of Me’
Yes it seems to me he likes doing his job, where the other guy liked playing golf.
After weeks of tumult in Washington, Trump returned to Florida and his private club for a third straight weekend.
President Trump hit the golf course for the third weekend in a row.
Trump played “a couple of holes” on Saturday and Sunday while staying at his resort Mar-a-Lago in Palm Beach, Fla., the White House told reporters.
Throughout former President Barack Obama’s eight years in the White House, Trump criticized him for taking breaks from his work to go on vacation and play gol
Trump plays golf for third weekend in a row
There is also the matter of ........ how much will he mess up the economy? These people invested time, money and hard labor in their economy, personal and local.
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But the Texas cattle rancher now faces a new threat: the Trump administration's blundering, blustering trade policy. By threatening a trade war with Mexico within days of inauguration, the president helped trigger a slide in cattle futures. Mexico is a major export market. By sinking the Trans-Pacific Partnership, the new administration cut off long-sought access to the Japanese market. Now banks have raised the conditions for collateral for loans for ranchers.
Texas ranchers, though, will not be alone for long. Beef producers from Nebraska to the Dakotas face the same problems. So do grain farmers in Kansas and the snow-covered corn fields of Iowa, just like tomato farmers in California and Florida and autoworkers in Michigan, longshoremen, truckers and railway workers in Miami and Houston and Long Beach. These will be the first casualties of a trade war.
The first casualties of Trump's trade wars are Texas cattle ranchers
Edited by
karmafury
on Sun 02/19/17 08:23 PM
