SoftBank pledges to pour $100B into US, create 100,000 jobs in Trump's second term SoftBank CEO Masayoshi Son revealed plans to invest $100 billion in the US and create a minimum of 100,000 jobs in the next four years. Son made his promise while speaking alongside president-elect Donald Trump, who hailed the pledge as an "historic investment" and "a monumental demonstration of confidence in America's future …
He made some terrible early investments and lost 99% of the fund's money in the dot-com crash.
He survived cos of an investment in Alibaba and then spent the time since funneling Saudi oil $ back to the US / transferring the Saudi sovereign wealth fund to an Israeli con-artist genius
Wonder if Masayoshi Son has an inscribed copy of this for bedtime reading
Here's a short timeline of Foxconn's plans and development in Wisconsin
Milwaukee Journal Sentinel
November 20, 2023
Foxconn promised a $10 billion investment in Wisconsin and the creation of 13,000 jobs
Foxconn originally promised to build a Generation 10.5 facility that would manufacture large LCD screens. The project was to be an investment of up to $10 billion that would deliver up to 13,000 jobs.
[. . .]
What has Foxconn built since expanding to Wisconsin?
Not what it originally promised. The facility has changed from a Generation 10.5 to a Generation 6, which normally makes screens for phones, tablets and TVs. But so far, no screens have been made.
About 100,000 masks were manufactured at the companies facility in Mount Pleasant in 2020 during the coronavirus pandemic.
There have been rumors that the company is developing servers for Google but that has not been confirmed by either company.
On a call with analysts in March, Foxconn chairman Young Liu said the company is planning on making electric vehicle batteries and energy storage components to support its EV facilities in Ohio.
The company has said it employs more than 1,000 people.
Ribbon strewn ground aside, by my math, 1,000 < 13,000.
Props for the kitten sanctuary, though. I like kittens.
Which produce 'Childless Cat Ladies'.
DJ Couch potato and his lord and master Elon the Muskrat do not like them. A woman's job is to stay at home and produce babies, look beautiful and be there for her husband, to not say anything that might stop said hubby from becoming a politician etc etc etc
AKA A Traditional Wife. This is what many about to take power want for the their part of the USA. The rest is there to serve them.
A lot of Trumps most hard core sycophants are all for turning the USA into a White Hegemony. Women would be there to serve men.
Yes, this is a lot like 'A Handmaids Tale'.
That book was meant as a warning much like 1984. But the 'Traditional Wife' movement is going strong mostly in Red States. Add in the Roe vs Wade reversal and the fight over availability of reproductive healthcare for women, hammers home their views that Women are subservient to men and should get on their backs and... {you fill in the rest} and make babies (white ones) for the good of the USA.
I have been researching it for over a year and am in the middle of writing a fiction novel where the central character is a 'Traditional Wife'.
This misogyny is one of the reasons why the US won't elect a woman as POTUS.
Go ahead and downvote but it is the truth. The likes of Trump and Bannon and the rest will want this sort of thing ASAP.
Yours,
A former Republican voter.
@AC
"A lot of Trumps most hard core sycophants are all for turning the USA into a White Hegemony. Women would be there to serve men."
I assume you mean an extremist group? Not the majority of voters who voted for Trump. He won in a pretty spectacular display of support across the states. Similar to the extremist groups of the left who want a communist utopia like the USSR? There will always be groups with extremist beliefs.
"Yes, this is a lot like 'A Handmaids Tale'."
Not seen it but wasnt the premise that things were enforced by gov?
"But the 'Traditional Wife' movement is going strong mostly in Red States."
I have heard of this. People CHOOSING a way of life similar to previous generations. It is freedom of choice just like some couples can choose open relationships and strong independent bear botherers.
"Add in the Roe vs Wade reversal and the fight over availability of reproductive healthcare for women"
Roe vs Wade was a terrible contortion of the constitution to somehow dictate federally the reproductive healthcare of women. All that happened was the poor interpretation of the constitution was reversed so there is no federal dictation of healthcare for women.
"hammers home their views that Women are subservient to men and should get on their backs and... {you fill in the rest} and make babies (white ones) for the good of the USA."
One of the most amusing responses to Trump winning was women saying they wont just go have sex with rando's and will be more careful when it comes to getting pregnant. Almost as though they considered abortion to be contraception. But more-so the response to that seems to be- good, if you did that in the first place there wouldnt be so many abortions. Why they believe Trump will/can ban abortions when its no longer a federal issue is strange to me, and the women are voters too so how are they subservient? From over here it just looks like tall tales taken way to seriously.
"This misogyny is one of the reasons why the US won't elect a woman as POTUS."
How many options have they had for this? I know Hillary ran against Trump and recently Kamala against Trump. So I can see why neither of them got elected especially considering their opponent. That doesnt look like misogyny just an obvious decision considering the options. Hell the situation would surely have to be extremely dire to elect Harris.
Not seen it but wasnt the premise that things were enforced by gov?
A fascist, theocratic, patriarchal state.
Where women are just chattal to **** and make babies.
The kind of thing white supremacists and the Trad Wife movement espouse.
Here's an article in simple language:
https://www.teenvogue.com/story/how-trad-wives-help-spread-christian-nationalism
@AC
"A fascist, theocratic, patriarchal state."
A state not the whole country? As I said I never watched it. And since the decision is at state level some states are very strict on abortion and some allow killing after birth. And people can move states.
"The kind of thing white supremacists and the Trad Wife movement espouse."
So a small group of people and free to choose that life or not?
I dont see where this fear of enforced dystopia is coming from when there doesnt seem to be any force.
@AC
"Don't be facetious."
Again I have not seen it, it was an actual question of your meaning of 'state'.
"That would depend whether you'll end up a Martha or an Unwoman?"
And that being the TV show, but where is this relation to reality? So where is the "fascist, theocratic, patriarchal state"? This reminds me of the claims against Trump the first time planning to be some authoritarian villain (which he didnt), only to then complain he wasnt some authoritarian villain when covid hit.
There are moves to prohibit pregnant women from travelling out of their home state for medcial treatment. Texas is leading that charge with Ken PAxton at the head.
That is anti-constitutional but they don't care.
Remember that the incoming POTUS has Elon at his side who hails from Apartheid era South Africa. Coloureds needed passes to go into white enclaves.
The next 4 years (or 12 if Trump tears up the constitution) will see the USA become like Argentina in 2024 where the vast majority of the population are living below the poverty line.
Forget paycheck to paycheck. This is 100 times worse. The homeless will be in the 20-50 million range.
Never mind CodeJunky, you have your black MAGA hat to wear (made in China)
@AC
"There are moves to prohibit pregnant women from travelling out of their home state for medcial treatment. Texas is leading that charge with Ken PAxton at the head.
That is anti-constitutional but they don't care."
Thankfully being anti-constitutional it probably wont succeed or happen.
"Remember that the incoming POTUS has Elon at his side who hails from Apartheid era South Africa. Coloureds needed passes to go into white enclaves."
And nothing to do with the president nor the US. Remember the racism fears didnt happen when he was previously the president.
"The next 4 years (or 12 if Trump tears up the constitution) will see the USA become like Argentina in 2024 where the vast majority of the population are living below the poverty line."
Why and how? Noting Trumps economy was so good that Obama still tries to claim credit for it right up until covid.
"Forget paycheck to paycheck. This is 100 times worse. The homeless will be in the 20-50 million range."
I see your crystal ball.
"Never mind CodeJunky, you have your black MAGA hat to wear (made in China)"
I really dont. I am watching this from the UK.
I don't think your assertion that foreign investment simply increases the deficit is 100% correct.
The US runs a huge merchandise trade deficit, also known as the "US trade deficit", that you mention. That includes goods and services.
Much of that money comes back to the US - if only because exporters need to do something with their earned dollars that doesn't cause their own currency to appreciate (because a surfeit of dollars would drive down the dollar), which would kill their exports. The main avenues for investment are (1) US Bonds, (2) Stocks, (3) Direct investment in US businesses.
Because these return investments keep the dollar from dropping, they keep foreign imports cheaper, preventing competition from US domestic competitors. On the other hand it is great for the financial engineers on Wall Street, for political parties that need a limitless debt ceiling to preserve their preferred status quo, for bit coin bros, AI hype professionals, and so forth. There really is so much investment capital floating around that it makes more economic sense to surf short term hype waves than be stingy with it and worry about realistic long term future returns.
So indirectly, your assertion could be correct - if a good part of that $100B goes into investments that are based more on hype than careful long term reasoning, thus ensuring that the merchandise trade deficit continues.
If however, the money is invested in ways that improve much needed US competitiveness in goods and services, then it could theoretically improve the merchandise trade deficit - contradicting your assertion.
Nothing?
https://www.bls.gov/charts/employment-situation/civilian-unemployment-rate.htm
S&P in 2017 and 2019 produced massive returns (pensions, for US and non US investors / pensioners)
No new wars. Peace in the middle east.
I know this isn't the right place for being objective, but any headline / policy / macro level measures from his first term were pretty good.
Oh sorry, back to calling him juvenile names. Carry on
