Carrier Announces ‘Deal’ With Trump-Pence to Keep Jobs in Indiana

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In April, then-presidential candidate Donald Trump told Indianapolis campaign rally attendees that he’d get Carrier Corp., which had announced a transfer of jobs from Indiana to Mexico, to keep those jobs in the U.S.

“Here’s what’s going to happen,” Trump told the crowd. “I’ll get a call from the head of Carrier and he’ll say, ‘Mr. President, we’ve decided to stay in the United States.’ That’s what’s going to happen, 100 percent.”

Many shrugged the comment off as typical Trump hyperbole but on Tuesday, Carrier, a manufacturer of heating and air conditioning systems, announced on Twitter that they had, in fact, reached a “deal” with the Trump transition team to keep the jobs in question in the United States rather than move them to Mexico.

While no details of the “deal” between President-elect Trump and Vice President-elect Mike Pence, the former governor of Indiana, have been revealed, CNBC reports that Trump will visit Indiana on Thursday to announce that he’s brokered a deal to keep close to 1,000 factory jobs at the Carrier plant.

The details are important from the standpoint of potential favoritism. What was Carrier offered that other companies aren’t? Is it the federal government’s proper role to be offering goodies to some companies and not others, even if it’s for a noble reason like saving American jobs? Are other companies going to want their own special “deal?”

On Thanksgiving Day, President-elect Trump announced that he was “working hard” to secure a deal with Carrier to keep the jobs in the U.S.

Carrier Corp. is owned by United Technologies and trades on the New York Stock Exchange under the symbol UTX.

 

About the Author

Matthew K. Burke
Matthew K. Burke
A former Washington State U.S. Congressional candidate in 2010, Matthew attended the nation’s first modern day Tea Party in 2009 in Seattle, Washington. He also began writing and blogging that year. Matthew became a Certified Financial Planner in 1995 and was a Financial Advisor for 24 years in his previous life. Matthew was one of the three main writers leading a conservative news site to be one of the top 15 conservative news sites in the U.S. in a matter of months. He brings to PolitiStick a vast amount of knowledge about economics as well as a passion and commitment to the vision that our Founding Fathers had for our Republic.
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