NBC Reporter “Fact Checks” Trump’s Job Creation Claims and Destroys You in the Process

Jane Timm from NBC was working very diligently today, on International Women’s Day of all days, in order to set the record straight for you Trumpsters out there who believe that he’s done anything at all on the jobs front (note: ADP said 298k new jobs were created in America for the month of February, far exceeding the forecast of 190k).

Here’s a brief summary of some of the high profile announcements President Trump made, regarding new job creations, versus the actual reality (thank you Jane Timm).

Exxon led until recently by President Donald Trump’s secretary of state, announced a $20 billion, 47,000 jobs investment in America with a press release a little after 3 p.m. Monday afternoon.

Less than an hour later, Trump applauded the oil giant with effusive tweets and a White House press release remarkably similar to Exxon’s own. He also claimed credit for the announcement in a video released on social media.

“This is something that was done to a large extent because of our policies and the policies of this new administration,” Trump said in the video. “I said we’re bringing back jobs. This is one big example of it.”

But the investment isn’t new. At least some of the spending on that $20 billion investment began in 2013, Exxon’s press release reveals, and is expected to continue through 2022. One project the company touted has already been completed. Still, Exxon’s new CEO specifically praised Trump’s administration.

This isn’t the first time Trump has claimed credit for job creation and corporate spending that was initiated sometimes years before his presidential run — or that a company has repackaged old news to seem fresh.

“Since my election, Ford, Fiat-Chrysler, General Motors, Sprint, Softbank, Lockheed, Intel, Walmart and many others, have announced that they will invest billions of dollars in the United States and will create tens of thousands of new American jobs,” Trump said during his joint address to Congress.

Here, we fact check the various announcements Trump has sought to take credit for.

GET READY TO BE DESTROYED TRUMPSTERS. Jane Timm is going to fact check Trump’s record on jobs for the past month and sixteen days — without ever mentioning official jobs numbers or economic statistics. BEHOLD.

Carrier

Just weeks after his election, Trump bragged that he struck a deal with the state of Indiana and Carrier to preserve more than 1,100 jobs that would have otherwise been sent to Mexico. (United Technologies, Carrier’s parent company, had previously said 2,100 total jobs would go to Mexico from two different facilities — the Carrier plant, and a United Technologies Electronics Controls facility.)

The company received $7 million in tax incentives over a decade, and credited Trump for his job-saving prowess.

But the numbers tell a different story. Trump’s deal saved 800 jobs or fewer, according to union officials, and around 350 of those jobs had not been slated to leave. Amid the fanfare, Carrier announced that they’d send other jobs — 600, by one estimate — to Mexico. Another 700 jobs from the UTEC facility will also be outsourced.

Did Trump help save or create jobs?Yes, but not the more than 1,000 he claimed.

(Timm sharpens blade and sticks it into your heart, causing your heart to explode)

Ford

In November, Trump boasted that he had “worked hard” to keep Ford’s Lincoln plant in Kentucky, but the plant wasn’t going anywhere.

Ford had been investing in the plant for years, and while the company had considered moving production of a single model of Lincoln to an existing Mexican plant to make room for production of another car, the company says it wouldn’t have had an impact on jobs in either country. They did say their decision not to shift car production did have something to do with Trump, however.

In January, the company ditched plans for a new $1.6 billion Ford Focus plant in Mexico, saying it would keep the car’s production at an existing Mexican plant. It also announced a $700 million investment in an existing Michigan plant to build more electric vehicles, creating 700 more jobs in the United States. The company stressed that it didn’t cut a deal with the president, and that its decisions were rooted in business priorities rather than politics. However, Ford did say that the decision meant a “vote of confidence” in Trump’s pro-business policy plans.

Did Trump help save or create jobs? When it comes to jobs in the Lincoln plant, no. Trump may have had a hand in Ford’s decision to invest more dollars in the U.S., but the carmaker has refuted the notion that it was a direct result of his presidency.

(Timm removes knife, cleans off the blood with a pink cloth and then sticks it into your eye socket, twisting it until your eye is removed)

Fiat Chrysler

Fiat Chrysler announced in early January that they’d invest $1 billion in plants in Warren, Ohio and Toledo, Ohio, adding 2,000 jobs. Trump took credit for the announcement in his joint address, but Fiat Chrysler said the deal arose from talks with United Auto Workers and that the plans predated then President-elect Trump to decisions made in 2015.

“I wish I could give him credit for this,” Fiat Chrysler CEO Sergio Marchionne told reporters recently. “But the thinking was in place beforehand.”

Marchionne did say that the company would need clarity from the president before making any production decisions about Mexico.

Did Trump help save or create jobs?Not yet, according to the company’s CEO.

(Timm removes blade and then opens up your stomach with it, removing your small intestines, playing with it like silly string)

General Motors

General Motors announced a $1 billion investment in January alongside the creation or retention of 1,500 manufacturing jobs, the return of 450 jobs from Mexico, and the addition of 5,000 jobs “over the next few years” in finance and technology.

GM officials stressed that the decision dates back as early as 2014, long before Trump got involved and threatened a “big border tax” for the company because it imports several thousand hatchbacks to the U.S. from Mexico. GM CEO Mary Barra, who is on Trump’s economic advisory council, said the firm had no plans to alter their manufacturing plans to please the president.

Did Trump help save or create jobs? Nope.

(Timm cuts off your right leg with one fell swoop)

Sprint/OneWeb/SoftBank

Trump took credit for Sprint’s plant to bring 5,000 jobs back to the United States — “because of me they are doing 5,000 jobs in this country,” he said — as well as the 3,000 jobs OneWeb said they’d add, and the $50 billion investment by SoftBank that fueled both firms’ job growth. Trump met with SoftBank CEO Masayoshi Son in December.

Sprint and OneWeb confirmed later that the job growth had been previously announced, and SoftBank said the investment had been in the works since October as part of SoftBank’s promised 50,000 new jobs. There is some indication that SoftBank’s CEO increased the size of the investment in OneWeb and the number of new hires, however.

Did Trump help save or create jobs? Possibly. It’s clear that the investment was already happening, though Trump may have helped boost it.

(Timm, now rabid with blood thirst, cuts jugular vein and begins drinking your blood)

Lockheed Martin

Lockheed announced 1,800 new jobs before Trump even took office, as part of a deal they were working out with the Pentagon for fighter jets. The government contractor later credited Trump for the deal, as well as the cost-cutting measures Trump gave himself credit for, but experts say both things had been in the works for awhile. No matter the favor they may be trying to curry with the new president, taxpayer savings and new jobs aren’t his doing completely.

Did Trump help save or create jobs? Trump’s administration inked the deal a few weeks into his term and Lockheed did credit him, but Trump didn’t sew this deal together himself.

(Timm removes your left arm from your torso with small ax)

Intel

After meeting with Trump in February, Intel pledged to commit $7 billion to build a new factory in Arizona, hiring at least 3,000 employees. Intel’s CEO credited Trump with the move, despite the fact that Intel’s domestic investment had been in the works for years; construction on a factory began in 2011, though it was delayed when demand decreased.

Did Trump help save or create jobs? Intel says he helped create jobs, but their investment had been in the works (though delayed) since 2011.

(Timm saws off your left leg with rusty hacksaw)

Walmart

In January, Walmart said they’d add 10,000 jobs. Trump thanked them in a tweet, but the jobs had been previously announced in October as part of a $6.8 billion capital-spending plan.

Did Trump help save or create jobs? There’s no evidence that he had any impact here.

(Timm castrates you and begins to cook your testicles in a wok with organic avocado oil)

Alibaba

The Chinese e-commerce giant’s founder, Jack Ma, met with Trump in January, announcing that Alibaba helped create 1 million jobs in the United States. Trump said the group wasn’t considering doing that before he got elected, but the company’s founder has been talking about it for years.

Asked if he and Trump had talked about that investment, Ma said “no.” The Washington Post reported that the numbers don’t add up: it’s unlikely that the tech giant with just 35,000 employees can grow so quickly in the U.S.

Did Trump help save or create jobs? Trump is taking credit for jobs that appear to have been in the works before that he didn’t specifically discuss with the group’s founder while experts doubt the reality of such investment. We’ll have to wait and see on this one.

(Timm sits down to eat your testicles, washing it down with a warm cup of non-organic herbal tea)

A review of sleepy teas: “The herbs aren’t organic, so hippies I consulted don’t adore this one, but I do.” https://t.co/twYSP1Ooj7

— Jane C. Timm (@janestreet) March 2, 2017

How will you ever recover?

Pro tip: you won’t.

BONUS: A quick take on CNBC’s unbiased reporting.

Why would anyone think @CNBC was a festering nest of democratic elitist shills? pic.twitter.com/NvEVSylSg5

— The_Real_Fly (@The_Real_Fly) March 8, 2017

Are any of you still bluepilled on Leveraged ETNs? Are river boat gambling out there, cigar in mouth puffing furiously, with sweaty burrowed brows — waiting for the next 90% 3 day move?

I remember once playing weekly options on a leveraged ETN and thinking I’d have a heart attack watching the fucker, crash and splash higher — meandering the market stupidly without purpose.

Here are today’s gamble crap shot winners in the Exodus ETF database. I’m interested to know if you’re still blowing your little accounts up in these death knells.

Do you sense the shift in the timeline (extra Mandela effect)? Be careful buying today’s milquetoast rally, for there is a rapid deterioration underway in both commodity related names and rate sensitive issues.

With Fed hikes looming, anything associated with inflation or loose money policy is getting dismantled. The whole construct of gold and utes as a hedge against a weakening dollar has been cracked asunder to the new narrative: arrogant and intrusive federal reserve policy, literally geared at derailing the economy.

I’ll say it again, for effect. The Federal Reserve is intent on derailing the economy to foment a new crisis, which will then provide shroud their cult with an air of relevancy.

Oil prices are getting hammered, off by more than 4% on the day.

Anything in basic resources, sans uranium stocks, are getting hammered, particularly oil, REITs and utilities.

From my vantage point, this market is to be avoided in the interim. There are too many disturbances in the matrix. Wait in cash for better prices.

Tell your sons if they’re waiting for an international men’s day, it isn’t coming. If they want to be celebrated for their gender, they’re just gonna have to switch over to the pink team (extra Deniro) and go transgender. It’s all the rage these days, anyway.

Learn about eugenics.

Yesterday, the good folks from $NKE announced, ahead of international women’s day, they were entering the progressive line of hijabs — you know, to celebrate women’s lack of rights.

Rumor has it they’ll be entering the lucrative burka market next, especially since gypsie vendors are weak and could be easily picked off by Nike’s marketing prowess. Here’s a leaked image of their prototype.

Happy international women’s day to the readers of iBC. Now go buy yourselves a pair of addidas sneakers.

Bonds are on their worst losing streak since 2012. David Tepper says, regarding the 10yr, ‘wake me up when it’s 4%, bucko.’ Today’s ADP job numbers we’re outrageously good, in spite of the fact that ADP job numbers are absolutely meaningless.

As such, CME futures are now indicating a 100% chance of a rare hike in March. Subsequently, the price of gold is swooning again — taking an inverse position to yields.

German yields have doubled, as of late.

What does it all mean? Nothing at all.

Gazillionaire from the Short Hills shopping mall got real kitschy this morning in an absurd CNBC interview (I’ll get the vid up later), revealing that he’s short bonds (hey oh, fughetiboutit) and long stocks (fargin’ A-hole, mamma mia).

Amongst the things he sees happening, he thinks the Trump admin will be soft on trade with China, ‘watered down’ immigration stance, and Le Pen loss in France (that chick don’t gots the motts). It’s worth mentioning, he’s long European equities too — because ‘dos valuations are cheap, ya know wud I mean?’

‘Any of yoos see my bank receipt? I’ve seem to have misplaced it, know what I mean?’

In what appeared to be a Tony Soprano impersonation, regular guy David, worth $10 billion, tried his best to talk to the little people like they’re used to be spoken to, with cute play on words, near curses, and idiotic syntax.

He was critical of Draghi’s incessant bearish tone and didn’t know why $TEVA was on his books on certain days, given its underperformance. Overall, he’s just a happy fucking guy playing with the stock markets — regular Joeing it for the rest of us out here.

For lunch, I’m sure David will be grabbing a bagel filled with tuna fish out of his hard case construction worker lunch box today — washed down with a fucking NYC deli cup of joe. You know, like all regular guys out here.

Fuck off.

Everything that Wikileaks has revealed over the past year has hurt both the integrity and honor of the United States. The question you have to grapple with, is it well deserved? After all, living inside of a vast and powerful empire has its benefits. As the empire expands, so does the wealth of its citizens. But it hasn’t worked out that way, has it? The CIA deep staters have turned their guns on the people they serve — using third world banana republic tactics to silence opposition, take down regimes not beholden to their world view, using advanced technology to both spy and monitor on American citizens — infringing on our civil rights like nothing we’ve ever seen before.

The reason for the populist uprising and the lack of equanimity amongst those traditionally supportive of the CIA lies in the improper distribution of the spoils of war. There aren’t any. All the average American has received from $10 trillion in Obama inspired deficit spending is American casualties of war, jobs lost to cheaper labor overseas, expensive oil prices, expensive healthcare, and run away education costs — along with a sundry of social disturbances that have people fed up.

While the elite flaunt hedonistic lifestyles, eschewing basic decency for the perverse, normies get more of the same old bullshit. After electing a true agent of change in Donald Trump, the people are laughed at and impugned by the elitist media. Their President is set upon by ‘permanent government’ officials in the intelligence agencies — whose only goal is to derail and destroy his term before it even begins.

Then we come to find out the same people who told us the Russians were our enemy, revealing corruption and depravity on a monumental scale via the Podesta emails, they were, in fact, the ones spying on us all along — both lying and mocking us like Lords in a fiefdom.

Here’s Fox News reporting on the latest scandal to hit the wires, #VAULT7

Fox New sources inside the CIA said the agency was running around like headless chickens, saying ‘there is heavy shit coming down.’

Pardon me as I sharpen my pitched-fork.

Edward Snowden offered his analysis on Twitter today, regarding the VAULT7 leak by Wikileaks. In it, he said were the most egregious and ‘reckless’ use of spying technology that has been left vulnerable to outside parties. In other words, they built this giant spying program and lost control of it and now 3rd party hackers are able to infiltrate it — using it to spy on you via your phones, teevee or god damned refrigerators.

PSA: This incorrectly implies CIA hacked these apps / encryption. But the docs show iOS/Android are what got hacked – a much bigger problem. https://t.co/Bw9AkBpOdt

— Edward Snowden (@Snowden) March 7, 2017

What makes this look real?
Program & office names, such as the JQJ (IOC) crypt series, are real. Only a cleared insider could know them.

— Edward Snowden (@Snowden) March 7, 2017

If you’re writing about the CIA/@Wikileaks story, here’s the big deal: first public evidence USG secretly paying to keep US software unsafe. pic.twitter.com/kYi0NC2mOp

— Edward Snowden (@Snowden) March 7, 2017

Why is this dangerous? Because until closed, any hacker can use the security hole the CIA left open to break into any iPhone in the world. https://t.co/xK0aILAdFI

— Edward Snowden (@Snowden) March 7, 2017

Evidence mounts showing CIA & FBI knew about catastrophic weaknesses in the most-used smartphones in America, but kept them open — to spy. https://t.co/mDyVred3H8

— Edward Snowden (@Snowden) March 7, 2017

The CIA reports show the USG developing vulnerabilities in US products, then intentionally keeping the holes open. Reckless beyond words.

— Edward Snowden (@Snowden) March 7, 2017

Here’s the quick rundown. Everything Trump said about them spying on him is correct. Whether Obama approved it or not is immaterial. The permanent government, our benevolent intelligence agencies, spy on us all the time.

Here is a CIA hacker bragging about having the ‘dankest trojans.’

#vault7: CIA's hackers brag about having the "dankest trojans" to use against Windows https://t.co/7jObiiCQ4H pic.twitter.com/DUt7PWJknv

— WikiLeaks (@wikileaks) March 7, 2017

And here is a summary of what people have found thus far. My favorite is the Obama spying program costing upwards of $100b only to be lost to an enemy for nothing.

I’ll have more details later on when I have some time to properly analyze.

I promise you, I am not getting bearish again. I’m merely stating the obvious here — 36% of stocks are up today and yields are shooting higher. $TLT has been a wanton underperformer — making it harder for any debt fueled stimulus program to ever come to fruition.

On the day of the tentative Trump proposed healthcare bill, hospital stocks are getting flayed — with heavy losses in $CYH and $THC. On the infrastructure end of things, basic materials, once again, are on the downside — with outsized losses in aluminum and steel names like $MTL, $SCHN and $AA.

It’s noteworthy to see $ESRX and $MCK down — as he highlights potential loss in either volume or margins for Trumpcare.

Also, all of those EPA induced trucking plays and oil and gas plays are decidedly on the downside. This could be due to investor concern over Trump’s overall agenda or profit taking.

Instead of hiding out in defensive names, I’ve opted to remain in 100% cash until I sense a true opportunity. We’ve had a hell of a run and the winter thaw is here — some are starting to wonder if anything will change in government or maybe we’ll just get more of the same, with a heavy dose of Fed rate hikes. Either way, I think it’s smart to sideline some cash now and wait for the nuclear fall out to settle — infecting and killing millions — at which point it will be safe enough to dive back in and pick up the pieces.