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United States Businesses Communications The Almighty Buck

8,000 New US Jobs? Trump Takes Credit For Sprint, Startup Decisions (usatoday.com) 267

President-elect Donald Trump has announced that Sprint is moving 5,000 offshore jobs back to the United States and OneWeb, a satellite Internet startup, is adding 3,000 more jobs in the U.S. From a report on USA Today: The jobs were made possible, Trump said, through Softbank CEO Masayoshi Son, a Japanese billionaire and technology investor, who met with Trump in New York earlier this month. After that meeting, the two businessmen announced Softbank would invest $50 billion in the U.S. and create 50,000 jobs. Softbank owns 80% of Sprint and this month it invested $1 billion in OneWeb, a venture that intends to offer affordable Internet access. Son called the investment a "first step" in his commitment to Trump.
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8,000 New US Jobs? Trump Takes Credit For Sprint, Startup Decisions

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  • by ventsyv ( 2740063 ) on Thursday December 29, 2016 @11:04AM (#53571751)
    Trump is taking credit, but he had nothing to do with it, the investment in question has been in the works for a long time.
    • by burtosis ( 1124179 ) on Thursday December 29, 2016 @11:09AM (#53571791)

      Trump is taking credit, but he had nothing to do with it, the investment in question has been in the works for a long time.

      That's pretty much what the guardian [theguardian.com] is reporting.

    • by Kohath ( 38547 )

      A politician saying something that's not the whole truth? Inconceivable!

      • A politician saying something that's not the whole truth? Inconceivable!

        You keep using that word. I do not think it means what you think it means.

    • That's not really the point though.... companies expanding in US will be good guys and companies doing the opposite bad. Just reinforcing the narrative.
    • Re: (Score:2, Informative)

      by avandesande ( 143899 )
      I haven't read anything beyond the article but I don't see where Trump is taking credit. He just describes a sequence of events and talking up a company investing in US jobs.
    • I don't know what happened in the phone calls between Trump and the executives who control Sprint, who has has worked with before. I do know that just because they were considering a move like this, that doesn't mean discussions with Trump didn't figure into the ultimate decision and announcement. In fact, if I were Sprint (and even actually being the head of a tiny company), I often wouldn't finalize major decisions during a presidential campaign. A year ago, Sprint / Softbank knew that the political and

    • Trump is taking credit, but he had nothing to do with it, the investment in question has been in the works for a long time.

      My take: the companies in question are letting him take credit for it. They want to be on his good side. And the way to be on Trump's good side entails the following: (1) be obsequious to him; and (2) bring celebrities. One out of two doesn't hurt.

  • Breaking news (Score:3, Insightful)

    by Kohath ( 38547 ) on Thursday December 29, 2016 @11:08AM (#53571783)

    Politicians are self-promoters and they take credit for things other people did.

  • by Anonymous Coward on Thursday December 29, 2016 @11:20AM (#53571903)

    It will be a race to the bottom for Americans to lower their standard of living faster than China, India, Pakistan, Indonedia and Vietnam.

  • Own petard (Score:4, Insightful)

    by T.E.D. ( 34228 ) on Thursday December 29, 2016 @11:31AM (#53572001)

    This is kind of our own fault. We're the ones who vote for POTUS based on how we feel the economy is doing, when there's very little evidence the POTUS has any significant effect on that whatsoever. (In actuality, its probably much like being a coach. A good one can't really help all that much, but it is possible for a bad one to royally screw things up)

    If the economy is going to be our metric for how a President is doing, and there's no objective statistical backing for it, its only natural to expect that one would cynically use bogus statistics to pump himself up. Don't hate the player, hate the game.

  • I think onshoring has been a trend for a while now.

    What I've been noticing about Chinese goods made by Chinese companies versus Western-branded goods made in China is that while you can still get absolute junk for dirt cheap from the Chinese companies, medium- to higher-end goods from Chinese and Western companies is becoming on par in terms of quality and price. In some cases Chinese companies offer a thing that no Western company offers. That's right, actual innovation. For example, my wooden alarm clock/

  • that's what I think of when I see these stories (read: 1984). That's what 1984 was really about: Manipulating information to oppress people (specifically television).
  • Thanks to Donald Trump, the Chicago Cubs won the 2016 World Series #ThanksDonald.

  • I'm just astounded at the number of folks on Slashdot pointing out "these things have been long time in the works, Trump played no part in this!" That's some USA Today level commenting. Yes, we all know, anything good and the President-elect takes credit, anything bad and the President-elect places blame on the current President. This play is about as old as all get out.

    If anyone is on here stating the obvious thinking they somehow are revealing the lie, well my assumption is that the Slashdot users are

    • Slashdot comment sections teeter on a bit of a razor-edge, and have particularly-so for a couple years now (I think Dice coming in and CommanderTaco leaving are two commonly mentioned causes for this shift). If people don't move in quick and point out major flaws, topics of this sort can easily turn into a board full of people who didn't RTFA circlejerking each-other.
  • That's just something I don't get. Investing USD 1 million in something and then creating just a single job in the process?! It's as if there's at least a zero wrong somewhere.

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