Donald Trump will be the Greatest Jobs President Ever
Donald J. Trump has not even been sworn in as president yet but he is already living up to his promise to being “the greatest jobs president that God has ever created.” Ever since his election to the presidency on November 8, several major corporations have announced new plans to hire employees while others have decided keep their jobs here in the United States.
It all started when Carrier, the air conditioner company, announced that they were maintaining a plant in Indianapolis, instead of going ahead with their plans to relocate it to Mexico. Trump was personally involved with the decision by reaching out to Greg Hayes, CEO of United Technologies, the parent company of Carrier.
At the Indianapolis plant, Hayes stated, “For the past couple of weeks, we have had productive discussions with President-Elect Trump and Vice-President-Elect Pence about their plans to improve the competiveness of the US business environment through tax reform and through a more thoughtful approach to regulation… So, I am pleased to announce that we decided to keep Carrier Indianapolis and the plant remain open and continue manufacturing operations.
Then on December 6, Masayoshi Son from the Japanese Telecom and internet firm Softbank Group Corp met with the president-elect at Trump Tower in New York City to announce that his company was going to spend to 50 billion dollars to bring 50,000 new jobs to the country.
Softbank is the third largest company in Japan and one of the top 100 in the world. Softbank also owns the brand name Sprint. At the Trump Tower, Son informed reporters that his company puts money into start-ups. He also credited Trump’s support for deregulation as a major reason that Softbank is going through with the $50 billion investment.
The idea of a Trump presidency gives companies confident that the next four years are going to be very friendly towards business and the new administration will foster an environment that will be favorable to economic growth.
By the way, the Dow Jones has been in the midst of a tremendous “Trump” rally. The Dow has risen almost 1600 points since Trump was elected president on November 8 and many experts are predicting that it may continue to rise through 2017 due to the positive feelings that the business community has about the new president.
According to a new report from the Conference Board released in December, consumer confidence has risen to the highest level in fifteen years which means the average consumer is also feeling good vibes about the new administration and is going to show it by spending more in the new year. Trump’s plans to lower taxes for average Americans would give consumers more money in their pockets to spend.
Also feeling very confident about the new Trump administration, IBM announced that it would be adding 25,000 jobs. In an open letter to the president-elect, IBM CEO Ginni Rometty wrote, “IBM supports your proposal to make America’s tax system more competitive. Many billions of dollars of American companies’ earnings do not come home because of an outdated and punitive tax system. Your tax reform proposal will free up capital that companies of all sizes can reinvest in US operations, training and education programs for their employees, and research and development programs. We will support the efforts of your administration and Congress to pass tax reform early in 2017.”
It is without a doubt, that a Trump victory in the 2016 election has revitalized the hopes of many executives across the land and has made them more willing to expand their workforce which even includes the Ford Company spending 700 million dollars to expand its plant in Flat Rock, Michigan adding about 700 production jobs and US Steel CEO Mario Longhi which stated that “US Steel would like to accelerate its investments and hire back laid-off employees now that Donald Trump will be occupying the Oval Office.”