Wednesday, January 27, 2021
Philly News For Your Information


NY Times calls out Trump’s broken promises on creating a manufacturing renaissance in America

By PhillyNews.FYI , in News , at October 26, 2020 Tags: , , , , ,


When President Trump spoke at a 2018 groundbreaking ceremony for the Foxconn plant in Wisconsin, he promised the plant would provide thousands of jobs and would be the “eighth wonder of the world.” But as the New York Times’ Alan Rappeport points out, the company has hired “less than a quarter of the 2,080 workers it was expected to employ last year and invested just $300 million, rather than the expected $3.3 billion.”

ADVERTISEMENT

“Foxconn’s failure to create the kind of factory powerhouse that Mr. Trump described demonstrates how the president’s promise of an American manufacturing renaissance has not always resulted in the pledged jobs or economic investment,” Rappeport writes. “Mr. Trump has threatened companies like General Motors, Harley-Davidson and Carrier with backbreaking taxes and boycotts if they moved manufacturing abroad, often cajoling job promises out of those firms. But in many cases, those pledges went unfulfilled once Mr. Trump’s attention shifted elsewhere and market realities could not be ignored.”

Speaking to the Washington Post, University of Wisconsin-Eau Claire science and engineering professor said that Trump likes to “fly in and make a show of being involved and showing that he got something going” but comes up short on delivery, adding that he was hoping that his students might find jobs at one of Foxconn’s nearby plants that now sit vacant.

“It was frustrating for us,” he said.

Read the full article over at The New York Times.

Enjoy good journalism?

… then let us make a small request. The COVID crisis has slashed advertising rates, and we need your help. Like you, we here at Raw Story believe in the power of progressive journalism. Raw Story readers power David Cay Johnston’s DCReport, which we’ve expanded to keep watch in Washington. We’ve exposed billionaire tax evasion and uncovered White House efforts to poison our water. We’ve revealed financial scams that prey on veterans, and legal efforts to harm workers exploited by abusive bosses. And unlike other news outlets, we’ve decided to make our original content free. But we need your support to do what we do.

Raw Story is independent. Unhinged from corporate overlords, we fight to ensure no one is forgotten.

We need your support in this difficult time. Every reader contribution, whatever the amount, makes a tremendous difference. Invest with us. Make a one-time contribution to Raw Story Investigates, or click here to become a subscriber. Thank you. Click to donate by check.

Value Raw Story?

… then let us make a small request. The COVID crisis has cut advertising rates in half, and we need your help. Like you, we believe in the power of progressive journalism — and we’re investing in investigative reporting as other publications give it the ax. Raw Story readers power David Cay Johnston’s DCReport, which we’ve expanded to keep watch in Washington. We’ve exposed billionaire tax evasion and uncovered White House efforts to poison our water. We’ve revealed financial scams that prey on veterans, and efforts to harm workers exploited by abusive bosses. We need your support to do what we do.

Raw Story is independent. You won’t find mainstream media bias here. Every reader contribution, whatever the amount, makes a tremendous difference. Invest with us in the future. Make a one-time contribution to Raw Story Investigates, or click here to become a subscriber. Thank you.

Report typos and corrections to: [email protected].

Comments


Leave a Reply