former obama white house chief economic adviser austin goolsbee and former director of the nonpartisan congressional budget office douglas holt eken. okay i m going to start with you christine. carrier is owned by united technologies. united technologies makes aircraft parts. the unknown here is this. did donald trump threaten to pull federal defense contracts from united if it didn t save those carrier jobs? it didn t even have to. you have the president-elect of the united states calling the ceo of united technologies. united technologies had some almost $6 billion of contracts with the federal government, and on the campaign trail donald trump has said i m going to put a tax on that company. i m going to tax them for sending jobs overseas, and then bringing the product back to the united states. so if you re the ceo of united technologies, what do you do? you play ball with donald trump at this point. that s what s so remarkable at this point. we haven t had a ceo or a president r
like united technologies. about 10% of the revenues come from the pentagon in washington. this is a well-known consumer brand. if it was a company selling business to businesses, it might be harder to press this. what about extending jobs overseas? it s an issue. it s certainly a win for those carrier workers and good news for them but it s not an industrial policy or manufacturing job policy. the long-term trend has been for manufacturing jobs to leave for different reasons. what s interesting here is this is a profitable factor so i think companies with other
what i was going to say is yes, it certainly would be a good thing. you know what, he could actually start by leading by example. are his products going to be, now, made in the u.s.? we know his ties, his shirts, his suits, so much of the products that he owns are made across are made overseas, in india and china, south america, et cetera. we haven t heard a peep about that, nothing. so for a president-elect to start talking to companies, i think it s great, but a leader leads by example. how do you convince people to keep jobs in the country when youlauren, is fueling jobs overseas? it s a difficult task. as we ve seen from donald trump his rhetoric is his campaign, is his sort of presence in the country and how he plans to lead. i think that, you know, he is very publicly sort of trying to negotiate these things. his supporters don t necessarily know he s got all these business interests overseas. i think that is something that has been a little bit unclear for people who vot
becoming more multicultural, more integration or believe they saw more immigration coming into this country so that s what the trump team will say in the face of an argument like that. the reality is though, many of the things that donald trump has promised to fix are going to be extraordinarily hard to do. bringing the coal industry back for one. bringing these jobs back from, say, carrier, bringing jobs overseas. donald trump made these very grand promises that he will immediately change life for the better for his supporters and now it is up to his supporters to hold him accountable for that and we re going to find out if that happens and if it does not happen, does it revert back to a feeling where maybe president obama was right to embrace the world a little bit more, to welcome innovation, welcome progression, welcome change.
take a look at the crowd, also. and when clhillary clinton was secretary of state, our trade deficit with china grew 40%. great job, hillary. we re giving through the greatest jobs theft in the history of the world. no country has ever lost jobs like we ve lost jobs. ford laid off 794 workers. moved their jobs overseas. moneygram laid off 408 workers in brooklyn center and moved the jobs overseas. great batch laid off 200 workers in plymouth and moved their jobs, like so many others, to mexico. not going to happen, folks, anymore. it s over. it s over. it s over. speed manufacturing laid off 952