Wednesday, November 30, 2016

The jobs went from 1400 to 1000 and now it is nearly 1000 jobs.

Don't get me wrong, I think this is an incredible development in the saga of "Outsourced American Jobs" and long overdue. There is no doubt this is a clear and new stance for the USA's posture when dealing with Wall Street. But, the American people need vigilance to the final outcome of these new policies. 

The negotiations cannot be considered a joke by Wall Street. Someone needs to come forward to monitor the actual and final reality of these efforts. I think there is a lot of "splash politics" for the Trump administration with Carrier. But, Wall Street is familiar with 'the public image' as opposed to the real character of the company or the administration.

What needs to be realized is that Carrier was moving these jobs because the CEO wanted a bonus. At what cost to the American people will that deferred bonus take? I am worried these deals will sell out the sincere values of the American people, including environmental costs. Basically, the watch dogs to these 'deals' have to include all the costs and not just the gain of job stability in the USA. There should be no back room deals that sells out the standards and morality of the people.

All this seems a little too good to be true. Evidently, Tweeting CEOs are now in fashion. It is about time Wall Street begin to appreciate the monies they garner from the American people.

If all this goes well and the American people are taken seriously about keeping jobs in the USA, then Donald Trump has accomplished what for decades has been considered impossible. I remain skeptical. If this becomes the USA's new reality, then the people are finally ending cronyism. That is a major accomplishment, but, it is not measured by one deal either.

The employees from Carrier should be heard as well. I don't want to hear that employees are hobbled to their interaction with the media. What sacrifice is being felt by the employees in order to have this deal happen. CEOs are slick folks. This first jobs deal by the Trump administration and Carrier needs to be as good as it sounds.

November 30, 2016
By David Farber

The incoming Trump Administration and United Technologies (UTX) (click here) have reached an agreement that will keep close to 1,000 jobs at Carrier Corp., which is owned by UTX, in Indiana.
Carrier had planned to move production from a key factory in that state to Mexico, taking with it the roughly 1,400 jobs of those who work at the Indiana plant.
But shortly after CNBC revealed that Donald Trump was expected to travel to Indiana on Thursday to announce that a deal had been reached, Carrier itself confirmed the agreement....