WSJ calls Carrier deal a ‘shakedown’

Posted by | December 2, 2016 13:10 | Filed under: News Behaving Badly Politics

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Even the consservative Wall Street Journal sees this for what it is.

A giant flaw in President Obama’s economic policy has been the politicized allocation of capital, from green energy to housing. Donald Trump suffers from a similar industrial-policy temptation, as we’ve seen this week with his arm-twisting of Carrier to change its decision to move a plant to Mexico from Indiana. … Trump has now muscled his way into at least two corporate decisions about where and how to do business. But who would you rather have making a decision about where to make furnaces or cars? A company whose profitability depends on making good decisions, or a branding executive turned politician who wants to claim political credit?

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Copyright 2016 Liberaland
By: Alan

Alan Colmes is the publisher of Liberaland.

7 responses to WSJ calls Carrier deal a ‘shakedown’

  1. Willys41 December 2nd, 2016 at 16:42

    So instead of penalizing corporations like he said originally, Trump is now BRIBING corporations with taxpayer money.

    • whatthe46 December 2nd, 2016 at 16:47

      and Carrier made out like a bandit. 7mil to stay open with 800 employees and still get to send 1300 jobs to Mexico where the labor is cheap, that’s a hell of a deal.

  2. amersham1046 December 2nd, 2016 at 17:14

    Your tax dollars at work.

  3. Mensa Member December 2nd, 2016 at 20:29

    Trump just got totally suckered.

    Real estate developers deal with town councils, zoning laws and land owners — small fish, politically.

    Trump is now swimming with the big fish and he just got eaten.

    He fell for the classic highball scam.

    I doubt that Carrier ever intended to export that many jobs. Trump just paid them millions of dollars to export the jobs they always intended to.

    • fahvel December 3rd, 2016 at 04:04

      whose millions did the orange maggot actually use?

  4. Suzanne McFly December 2nd, 2016 at 20:40

    I heard a perfect description of rumps deal with Carrier, Mexico just charged rump 7 mill to build a plant in Mexico and supply a thousand jobs.

  5. bpollen December 3rd, 2016 at 06:25

    This report needs a theme song!
    .
    https://www.youtube.com/watch?v=8lCMUkqpI7o

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