Monday, January 2, 2017

minitrue and crony capitalism

http://www.nytimes.com/2017/01/02/opinion/why-corporations-are-helping-donald-trump-lie-about-jobs.html?em_pos=small&emc=edit_ty_20170102&nl=opinion-today&nl_art=0&nlid=27037260&ref=headline&te=1&_r=0


Why Corporations Are Helping Donald Trump Lie About Jobs


On Wednesday, Mr. Trump said Sprint’s top executive had told him the company would add 5,000 jobs “because of what’s happening and the spirit and the hope.” But it turns out that the jobs are part of a previous commitment by Sprint’s parent company, SoftBank, whose chief executive said at Trump Tower in December that it would invest $50 billion and create 50,000 jobs in the United States. And even that promise was part of a $100 billion technology fund that SoftBank announced in October, before the election. In sum, Mr. Trump’s statement was hot air, just like his tweet in which he thanked himself for an increase in a consumer confidence index last month.