Donald Trumps deal to create 50,000 jobs in America looks a lot different on Day Two

[Yo_Mama_Been_Loggin]

When President-elect Donald Trump announced Tuesday that Japanese corporate giant SoftBank had agreed to invest $50 billion in the United States and create 50,000 new jobs, he presented it as a triumph for American workers. But economists and analysts who have been scrutinizing the announcement suggest it might be a bigger win for the Japanese telecom and Internet conglomerate, SoftBank, and its billionaire founder, Masayoshi Son.

Analysts said the Japanese company could be angling for lucrative benefits, including the regulatory approval to carry out one of the largest telecom mergers in recent history, between Sprint, which SoftBank owns, and rival carrier T-Mobile. It could also be cultivating a friendly environment for further technology investments Son is seeking to make in the United States.

“I think Son must have thought how to use Trump and this opportunity” for his business, said Mana Nakazora, chief credit analyst at BNP Paribas Securities.

Shares of SoftBank Group rose 6.2 percent on the Tokyo Stock Exchange on Wednesday to close at their highest level in more than a year. Shares of Sprint Corp. rose nearly 9 percent on Wednesday, while T-Mobile’s stock climbed more than 4 percent. Collectively, the companies added billions of dollars in market value after the announcement.

https://www.washingtonpost.com/news/wonk/wp/2016/12/07/a-japanese-billionaire-just-showed-companies-everywhere-how-they-might-profit-off-trump/?utm_term=.6fda07691646&wpisrc=nl_rainbow&wpmm=1

Speaking from personal experience let me call bullshit on the 50,000 jobs creation. As a veteran of the GTE - Bell Atlantic merger that created Verizon no new jobs were created. In fact all Verizon did was strip the former GTE of assets before spinning it off.

Merging mega-corporations never created new jobs.

[FarCenter]

1. T-Mobile is probably too big a reach for Sprint

Sprint proposed an acquisition at one time, but since then T-mobile has done well and Sprint not so well.

Softbank also spent $32 billion buying ARM Holdings, and T-Mobile would cost over $50 billion. Plus, the price might go higher if Comcast and Charter start bidding against Sprint.

[TexasProgresive]

2. Ah! Another fGTE person.

We just didn't realize how good it was riding on the Good Times Express. GTE stock constantly rose and split several times before the "merger." VZ has never risen over it's IPO price of $50.00 without dropping below 50 bucks tout suit.