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Trump’s Trickle-Down Populism

Last Thursday President-elect Donald Trump triumphantly celebrated Carrier’s decision to reverse its plan to close a furnace plant and move jobs to Mexico. Some 800 jobs will remain in Indianapolis.

“Corporate America is going to have to understand that we have to take care of our workers,” Trump told The New York Times. “The free market has been sorting it out and America’s been losing,” Vice President-elect Michael Pence added, as Trump interjected, “Every time, every time.”

So what’s the Trump alternative to the free market? Bribe giant corporations to keep jobs in America.

Carrier’s move to Mexico would have saved the company $65 million a year in wages. Trump promised bigger benefits. The state of Indiana will throw in $7 million, but that’s just the start.

Carrier’s parent company, United Technology, has military contracts that just last year generated $6.8 billion of its $57 billion in revenue – creating a yuge Trump card that makes $65 million look like peanuts. If Trump comes through with the military buildup he’s promising, United Technologies could reap a bonanza. You can bet that figured into the deal.

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