Browsing the blog archivesfor the day Friday, December 2nd, 2016.


How Trump Learned to Do Business

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Bad Hair

One of the most interesting commentaries on Trump’s so-called deal to save jobs at Carrier Corps. in Indiana was in CNBC, of all places.

Trump’s deal with United Technologies includes $7 million in financial incentives provided by Indiana to keep 1,100 jobs at Carrier, the company’s heating and air conditioning unit, in the state. However, Carrier still plans to move roughly 1,300 other jobs to Mexico and close another facility in Indiana.

Such a deal. With deal-making skillz like that, no wonder Trump went bankrupt, what, four times? I lost track.

Trump boasted about his deal to keep about 1,100 Carrier jobs in Indiana, and also took aim at other companies who may be thinking about moving jobs out of the country.

“Companies are not going to leave the United States anymore without consequences. Not going to happen. It’s not going to happen, I’ll tell you right now,” Trump said on Thursday.

To which an American Enterprise Institute fellow said,

“The idea that American corporations are going to have to make business decisions, not based on the fact that we’ve created an ideal environment for economic growth in the United States, but out of fear of punitive actions based on who knows what criteria exactly from a presidential administration. I think that’s absolutely chilling.”

And, y’know, that’s a point. Not that a lot of companies wouldn’t mind facing the same consequences Carrier had to endure, but it’s not the sort of talk corporate leaders are used to hearing from Republican presidents.

I mean, who talks like that? Wait … it’ll come to me …

I don’t know anything about the Mob beside what I’ve seen in movies, but it’s known that Trump cut his teeth as a businessman by working with the New York/New Jersey Mob. Even PolitiFact grudgingly admits this, although it wants you to know Trump may not have liked it.

Politico published an article last May that may need more reading

From the public record and published accounts like that one, it’s possible to assemble a clear picture of what we do know. The picture shows that Trump’s career has benefited from a decades-long and largely successful effort to limit and deflect law enforcement investigations into his dealings with top mobsters, organized crime associates, labor fixers, corrupt union leaders, con artists and even a one-time drug trafficker whom Trump retained as the head of his personal helicopter service.

Now that he’s running for president, I pulled together what’s known – piecing together the long history of federal filings, court records, biographical anecdotes, and research from my and Barrett’s files. What emerges is a pattern of business dealings with mob figuresnot only local figures, but even the son of a reputed Russian mob boss whom Trump had at his side at a gala Trump hotel opening, but has since claimed under oath he barely knows.

See also “The Many Times Donald Trump Has Lied About His Mob Connections” by David Corn at Mother Jones and “The Donald Trump Story You’re Not Hearing About” by Todd Gitlin at Moyers & Company.

Most of the information in the Politico article goes back to the 1980s. Does The Donald still work with the Mob? I don’t know. But he learned to cut business deals by dealing with the Mob. And since he’s never worked for anyone else, no one’s ever told him that leaving bloody horse heads in people’s beds is not a standard negotiating technique.

Ooo, just wait until he gets to negotiate some nuclear treaty.

At the Washington Post, Fred Hiatt sees another model — our buddy Vlad Putin.

It’s good that about 1,000 Carrier Corp. workers will not be losing their jobs. But there is a whiff of Putinism in the combination of bribery and menace that may have affected Carrier’s decision — the bribery of tax breaks, the menace of potential lost defense contracts for Carrier’s parent company, United Technologies.

If this were to become the U.S. government’s standard method of operation, the results would be Russian, too: dwindling investment, slowing economic growth, fewer jobs.

On the same day that Donald Trump took a victory lap through the Carrier plant in Indiana, The Post published a coincidentally relevant article about Russia’s “fixer-in-chief,” Vladimir Putin.

The article, by Post correspondent David Filipov, describes how government-controlled television continually features Russia’s president interrogating or berating factory directors and petty officials. …

…The problem is that it doesn’t work. Russia’s economy is shrinking, year by year, and no matter how many factory directors Putin humiliates, it won’t start growing again without structural and political reform.

It also reminds me of Chris Christie’s method for improving New Jersey’s schools, which was to get himself videoed yelling at teachers.

See also “Trump’s Tough Trade Talk Could Damage American Factories.”

Speaking of salesmanship, Trump also has been cold-calling foreign heads of state to sell them on his new project, to be known formally as The Trump Administration.

Mr. Trump’s conversation with Prime Minister Nawaz Sharif of Pakistan has generated the most angst, because, as Mr. Earnest put it, the relationship between Mr. Sharif’s country and the United States is “quite complicated,” with disputes over issues ranging from counterterrorism to nuclear proliferation.

In a remarkably candid readout of the phone call, the Pakistani government said Mr. Trump had told Mr. Sharif that he was “a terrific guy” who made him feel as though “I’m talking to a person I have known for long.” He described Pakistanis as “one of the most intelligent people.” When Mr. Sharif invited him to visit Pakistan, the president-elect replied that he would “love to come to a fantastic country, fantastic place of fantastic people.” …

…The breezy tone of the readout left diplomats in Washington slack-jawed, with some initially assuming it was a parody.

The next four years will be such fun.

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