One of the world’s largest electronics makers has a COLOSSAL deal in the works.
And one could ostensibly make the case that it’s due entirely to the fact that President Obama has left the White House, and taken his overly burdensome regulatory clamp-down on the free market with him, and that President Donald Trump has instead taken the high office.
Why? Well, business owners everywhere are already lauding Trump’s first moves as commander-in-chief and it shouldn’t come as a big shock…Trump is a businessman, after all.
And he has proven his substantial business acumen time and time again. Unless, of course, we can say we don’t LIKE $10 billion investments in the U.S. economy.
Oh, but we do. We DO like this, which is why everyone is going to love this:
Foxconn is actually considering establishing a display-making plant in the United States, for a total investment of $7 billion-plus, according to company chairman and chief executive Terry Gou, Reuters reported.
“The plans come after U.S. President Donald Trump pledged to put ‘America First’ in his inauguration speech on Friday, prompting Gou to warn about the rise of protectionism and a trend for politics to underpin economic development,” Reuters said.
Foxconn, formerly known as Hon Hai Precision Industry, has been thinking of moving into the United States for years. But no announcement came; at least, not until just recently, when a Foxconn business partner in Japan met with Trump, and keyed Gou in on the conversation.
“As a result of the meeting, Son pledged a $50 billion of investment in the United States and inadvertently disclosed information showing Foxconn’s logo and an unspecified additional $7 billion investment.”
Really, is there any doubt at all that Trump is better for America’s economy than Obama? Have you SEEN the total numbers (which are unbelievably impressive), tallied before President Trump even entered office?
And now that Trump’s in office, it seems it’s more of the same. A $7 billion investment in American jobs is nothing to sneeze at. About the closest Obama’s come to seeing that kind of return is when he tried to start up some green energy jobs, which later disappeared when the company went down in flames.
On top of that, Obama’s big claim to jobs fame is government jobs — growing the government, which again is not really economic growth. It’s actually a tax hike. Foxconn? Now that’s a real investment in the U.S. economy, a real job growth.
And once again, we can all thank Mr. Donald Trump.