Trump says SoftBank will invest $50 billion in the US, aiming to create 50,000 jobs

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Trump says SoftBank will invest $50 billion in the US, aiming to create 50,000 jobs

Post by FluteHolder on Tue Dec 06, 2016 6:21 pm

http://www.cnbc.com/2016/12/06/trump-says-softbank-will-invest-50-billion-in-the-us-aiming-to-create-50000-jobs.html


[size=27]Trump: SoftBank agrees to invest $50B in US  [size=12]4 Hours Ago | 02:59

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Donald Trump said Monday that Japan's SoftBank has agreed to invest $50 billion in the U.S., aiming to create 50,000 jobs.
He announced the deal after meeting with SoftBank CEO Masayoshi Son, a Japanese billionaire and technology investor, at Trump Tower in New York. On Twitter, Trump claimed that Son said he "would never do this" if Trump had not won the presidential election.
But the $50 billion will come from a previously announced $100 billion international investment fund set up with Saudi Arabia, according to Dow Jones.

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Re: Trump says SoftBank will invest $50 billion in the US, aiming to create 50,000 jobs

Post by Idéfix on Tue Dec 06, 2016 10:17 pm

Softbank announced in October that it was teaming up with the Saudi sovereign wealth fund to invest $100 billion in technology startups in the US. Trump is now taking credit for it.

That 50,000 jobs number is a guesstimate pulled out of thin air. And any jobs that are created in the US will be for highly-skilled tech folks, not high-school educated rust belt voters.
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