Neil A. Carousso produces and co-hosts WCBS Newsradio 880’s Small Business Spotlight series with Joe Connolly. Click here to watch the weekly video segments featuring advice for business owners on survival, recovery and growth opportunities.
  • Trump Touts “Big League Jobs” in Meeting with Manufacturing Industry Leaders

    By Neil A. Carousso

    At The White House on Thursday morning, President Donald J. Trump met with two dozen manufacturing leaders including the heads of Dell, Ford, General Electric, Emerson Electric, Johnson & Johnson, Carrier and Lockheed Martin discussing action plans to create and bring-back millions of American jobs and implement his pro-business policies that will create better working environments, higher wages and economic stability.

    Vice President Mike Pence, Chief of Staff Reince Priebus, Treasury Secretary Steven Mnuchin and Commerce Secretary Wilbur Ross along with Senior Advisor to the President Jared Kushner and his wife, Mr. Trump’s daughter, Ivanka Trump also attended the “listening session.”

    “Bringing manufacturing and creating high wage jobs was one of our campaign themes,” President Trump said, noting that 70,000 factories had closed since President George W Bush’s presidency.

    “I always thought it had to be a typo, said Trump, continuing, “Everything is going to be based on bringing our jobs back.”

    Trade is also a major topic on the forefront of the Trump agenda in terms of renegotiation. The President said the U.S. has $70 billion in trade deficits.

    “I said to my people to find a country where we actually do well. So far we haven’t found a country,” remarked President Trump.

    Manufacturing, as a percentage of private sector jobs, has decreased 17.1% in the last 40 years as the result of automation and outsourcing in response to high taxes and increased regulations and government red tape.

    A reminder of the “Trump Effect:” Roughly $62.7 billion has been invested in the U.S. with about 1,816,700 American jobs created and saved since President Donald J. Trump was elected in November.

    Here is an updated list of the “big league jobs” announced since Mr. Trump’s election that we’ve been tracking since November 8, 2016:

    1. Carrier: Keeping 1,100 American jobs instead of sending to Mexico
    2. SoftBank CEO Masayoshi Son: Investing $50 billion to create 50,000 American jobs
    3. Sprint: Bringing back 5,000 jobs to the U.S. that were sent overseas
    4. OneWeb (new company): Creating 3,000 jobs in the U.S. (associated with Son’s guarantee)
    5. Ford: Cancels $1.6 billion plant in Mexico, saving 3,500 American jobs. Creating new innovative center as an expansion of its Flat Rock, MI plant by investing $700 million in the U.S. and creating 700 American jobs
    6. Qualcomm and Apple will invest in SoftBank’s new technology fund, SoftBank Vision Fund that is being used to create 50,000 American jobs.
    7. Fiat Chrysler announces it would spend $1 billion on U.S. manufacturing, including modernizing plants in Michigan and Ohio, adding 2,000 new American jobs.
    8.. Toyota will spend $10 billion in U.S. capital investments and will expand its U.S. plants over the next five years.
    9. Alibaba Chief Executive Jack Ma met with Trump to discuss the creation of 1 million American jobs, specifically focusing on small business growth.
    10. Amazon will create 100,000 jobs in the first year and a half of the Trump Presidency.
    11. Wal-Mart will create 10,000 jobs in the U.S. this year.
    12. General Motors will invest $1 billion in its U.S. factories this year, moving some parts of production from Mexico to the United States that was previously handled by a supplier.
    13. Toyota will add 400 American jobs to build more SUVs at an Indiana assembly plant.
    14. Amgen will add 1,600 jobs.
    15. Intel will invest $7 billion in innovation in an Arizona factory, creating 3,000 specialist positions and 10,000 support jobs.
    16. Delta announces it will hire 25,000 jobs over the next 5 years.
    17. Lockheed Martin will create 1,800 new jobs.

    Attendees at The White House Hosted Manufacturing Sessions:

    President Trump noted that the CEOs in the room represented $1 trillion in sales and employed 2 million people and a lot of the companies in the room, like Lockheed Martin which produces fighter jets, produced products for the U.S. Military.

    Vice President Mike Pence
    Secretary Steven Mnuchin
    Secretary Wilbur Ross
    Secretary Elaine Chao
    Administrator Linda Mcmahon
    Director Mick Mulvaney
    Gary Cohn
    Stephen Miller
    Jared Kushner
    Ivanka Trump
    Chris Liddell
    George Sifakis
    Reed Cordish
    Andrew Bremberg
    Gary Cohn
    Joshua Pitcock
    Ray Washburne
    Stephen Munisteri
    Mark Calabria
    Henry Gindt
    Shahira Knight
    DJ Gribbin

    Michael Dell, Dell Technologies
    Andrew Liveris, Dow Chemical Company
    Mark Sutton, International Paper
    Gregory Hayes, United Technologies
    Alex Gorsky, Johnson & Johnson
    Keith Leimbach, LiveOps
    Wendell Weeks, Corning
    Jeff Fettig, Whirlpool
    David Farr, Emerson Electric
    James Kamsickas, Dana, Inc.
    John Ferriola, Nucor Corporation
    Mark Fields, Ford Motor Company
    Jeffrey Immelt, GE
    Denise Morrison, Campbell Soup Company
    Kenneth Frazier, Merck & Co., Inc
    Marillyn Hewson, Lockheed Martin Corp
    Doug Oberhelman, Caterpillar
    Inge Thulin, 3M
    Mario Longhi, U.S. Steel
    Don Althoff, Veresen, Inc.
    Lee Styslinger, Altec, Inc.
    Juan Luciano, ADM
    Phebe Novakovik, General Dynamics
    William Bill Brown, Harris Corporation

    Featured Image Courtesy: Reuters/Kevin Lamarque

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