BloggeRhythms

Last Sunday, it was noted here that Bernie Sanders addressed Trump’s campaign promise regarding keeping United Technologies subsidiary, Carrier, here in the U.S.

At that time, Sanders said: “All of us need to hold Mr. Trump accountable to make sure that he keeps this promise. Let’s be clear: it is not good enough to save some of these jobs. We cannot rest until United Technologies signs a firm contract to keep all of these good-paying jobs in Indiana without slashing the salaries or benefits workers have earned.” 

And now today, as reported by Nelson D. Schwartz @nytimes.com: “On Thursday, Mr. Trump and Mike Pence, Indiana’s governor and the vice president-elect, plan to appear at Carrier’s Indianapolis factory to announce a deal with the company to keep roughly 1,000 jobs in the state, according to officials with the transition team as well as Carrier.

“Mr. Trump will be hard-pressed to alter the economic forces that have hammered the Rust Belt for decades, but forcing Carrier and its parent company, United Technologies, to reverse course is a powerful tactical strike that will hearten his followers even before he takes office.” 

While the result itself must be quite a shock to Democrats, who almost assuredly felt that such a reversal by a major business was close to impossible, Trump has once again made them look incapable, short-sighted, and totally unskilled regarding the business world. 

And although Carrier may keep only half or so of those employed as was “demanded” by Sanders, had Sanders been elected president, the Carrier property in Indiana would surely have become a vacant lot with the business already on its way to Mexico by now.      

Despite the unquestionable benefits of keeping Carrier here in the U.S., indicating the likelihood of many more such events taking place in the future, as the Times article continued the slant became typically negative as the newspaper maintained its leftist posture.    

Author Schwartz went on: “And just as only a confirmed anti-Communist like Richard Nixon could go to China, so only a businessman like Mr. Trump could take on corporate America without being called a Bernie Sanders-style socialist. If Barack Obama had tried the same maneuver, he’d probably have drawn criticism for intervening in the free market. 

“Political symbolism aside, saving 1,000 Carrier jobs doesn’t loom so large in an economy that’s created an average of 181,000 jobs a month this year, noted Jared Bernstein, a liberal economist who served as adviser in the Obama administration from 2009 to 2011. 

“Still, he confessed a grudging admiration for Mr. Trump’s political jujitsu. “If I weren’t so scared of the damage a Trump administration might do, I’d find it refreshing to see an administration fighting for factory jobs like this,” he said. “That said, no one should confuse what Trump is doing here with sustainable economic policy.” 

“Over the long term, and for less prominent firms, the temptation to move to cheaper locales for manufacturing will stay great, said Robert Reich, a prominent liberal Democrat who served as secretary of labor in the Clinton administration. 

“Memories are short but the economic fundamentals remain the same,” he said. “Wall Street is breathing down companies’ necks to cut costs, and the labor savings in Mexico is too great.” 

“This is a spot solution,” said Mohan Tatikonda, a professor at the Kelley School of Business at Indiana University. “If it goes through it helps some Carrier employees for a period of time, but it doesn’t address the loss of manufacturing jobs to technological change, which will continue.” 

However, despite the leftist skepticism, what cannot be disputed is that a significant campaign promise has not only been fulfilled by Trump, he hasn’t even been inaugurated as yet. Which means it’s a little bit too early for even leftist “experts” to judge what will happen in the nation’s economic future. But that won't prevent them from doing it anyway.

Along the same lines, the economy’s future, Maria Bartiromo interviewed two cabinet appointees on her Fox Business Channel show today; Morning’s with Maria. 

Future Commerce Secretary, Wilbur Ross, is a multi-billionaire  investor and former banker, known for restructuring failed companies in industries such as steel, coal, telecommunications, foreign investment and textiles. 

The incoming Treasury Secretary is Steven Mnuchin a banker, film producer, and political fundraiser. A former partner at Goldman Sachs for 17 years, he's accrued a net worth estimated at about $40 million. 

What’s most important about the two picks who will now have control over the nation’s economy is that both are extremely successful businessmen themselves, neither having political backgrounds that would influence their decision-making. A complete and clear reversal from Obama and his insistence that politics always outweighed the good of the  economy in every decision-making instance. 

During the interview this morning, both appointees made it clear that rebuilding the nation’s economy was the number one priority. Beginning with a more favorable tax structure, to the repeal and restructure of Obamacare, to providing tax incentives to entice businesses to stay and grow here, while bringing back the two trillion or more dollars currently held in overseas banks by American company’s. 

The national debt would also become more manageable, by raising the GNP to 3-4% annually, while offsetting new borrowing with spending reductions elsewhere.   

Referring to the Carrier decision to remain here, Mr. Ross commented that he’d never heard Obama, or anyone in his administration, attempt to keep them or any other entity here at home. He also addressed the Trans-Pacific Partnership, saying it shouldn’t be abandoned but instead, negotiated more favorably toward the U.S. Something that the current administration had neither the talent nor the backbone to accomplish.   

Another well-known, highly successful business leader, Carl Icahn, summed up the nominee's selection this way in a recent interview.  He called Ross and Mnuchin, "great choices" and "two of the smartest people I know."      

As far as the result of the presidential election is concerned, it’s now apparent that the Drudge Report, a very frequent resource for the gathering of information here, had significant impact regarding the outcome. 

Orit Coty @similarweb.com via Drudge writes: “As the presidential election frenzy enters its post-election lull, let’s take a moment to visit one of the most controversial periods in election history and the impact that it had on October’s media publications ranking.

First place went to espn.com, with 2,205,261,000 seeking their sports coverage.
msn.com was next where 2,079,402,000 sought information on many subjects, including: news, weather, entertainment, sports. money, lifestyle, health and fitness, food and drink, travel, autos and video. 

Then came drudgereport.com at number three scoring 1,732,988,000 hits from those desiring links to political oriented sites. The results far outweighed other sources quite significantly. 
cnn.com came in 5th at 984,350,000, foxnews.com was next with 817,923,000. 8th was nytimes.com at 642,838,000, while huffingtonpost.com had 541,696,000 and washingtonpost.com trailed with 473,956,000. 

All of which adds confirmation to Trump’s victory, which resulted to a great extent from a wide swath of disappointed and disgruntled voters across the nation who were not swayed by the swill spewed by the mainstream media. 

However, while outlets such as the New York Times were altering and misreporting factual information to their readers, three times as many were sourcing their news input from providers linked to the Drudge Report whose audience keeps growing significantly. 

That's it for today folks. 

Adios