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Thread: Donald Trump profited from investment in Carrier's parent company

  1. #1

    Donald Trump profited from investment in Carrier's parent company


    Donald Trump profited from investment in Carrier's parent company


    Donald Trump profited from an investment in the parent company of a business he has slammed for laying off 2,100 workers in Indiana and moving production to Mexico.

    Trump earned interest income of $2,501 to $5,000 from an investment in a United Technologies Corp. bond, according to a new financial disclosure form he filed Wednesday with federal election officials.

    The company owns two affiliates — Carrier Corp. and UTEC — that announced in February they were laying off workers at plants in Indianapolis and Huntington and moving manufacturing operations to Mexico. The companies make heating and air conditioning products.

    Trump made Carrier's decision to eliminate about 1,400 jobs at its factory on the west side of Indianapolis a centerpiece of his campaign during the runup to Indiana's primary earlier this month. His victory in that contest sealed his status as the presumptive Republican presidential nominee.

    During an April 20 rally in Indianapolis, Trump called the company "ruthless" and told the audience — which included several Carrier workers — that he would "tax the hell" out of its air conditioners. He promised things would be different if he was president.

    "You’re going to bring it across the border, and we’re going to charge you a 35 percent tax," he said. "Now within 24 hours they’re going to call back. 'Mr. President, we’ve decided to stay. We’re coming back to Indianapolis.'"

    He did not mention his investment in United Technologies during his campaign appearances.

    Trump's campaign did not immediately respond to a request for comment.

    Chuck Jones, president of the union that represents Carrier employees, said he wasn't surprised by the disclosure.

    "He wraps himself in the American flag," he said. "But he doesn't practice what he preaches."

    The union, United Steelworkers Local 1999, has endorsed Democrat Bernie Sanders.

    It's not the first time that Trump, a billionaire businessman and reality TV star, reported interest income from United Technologies. He also made $2,501 to $5,000 from a $100,001 to $250,000 investment in the company, according to his July 2015 disclosure form.

    The Associated Press is reporting that he no longer owns stock in the company, but it's unclear from the documents whether he still has an interest in the company. On the disclosure form he filed Wednesday, he listed the value of the bond investment as "None (or less than $1,001)."

    The investment is one of hundreds that Trump listed. The 104-page disclosure also included investments in several other companies Trump has criticized, including Ford Motor Credit Co. and the parent company of cookies and snacks manufacturer Nabisco.

    Trump called Ford’s plans to open a $1.6 billion assembly plant in Mexico “an absolute disgrace,” and threatened to impose a 35 percent tax on imported Ford vehicles.

    He also said last year that he was "never eating Oreos again" because of Nabisco's decision to close a bakery plant in Chicago and move production to Mexico.

    “Carrier and Ford and Nabisco need to know that there are consequences to leaving and firing people,” Trump said during a rally in Evansville last month that drew an estimated 12,000 people. “You can’t just go to another country and make products to sell across our weak borders.”

    On his new disclosure form, Trump reported investments in Ford Motor Credit Co. worth $500,000 to $1 million and interest income between $15,001 and $50,000. He also made $5,001 to $15,000 from an investment in Mondelez International Inc., Nabisco's parent company.

    Trump has also invested in two other well-known companies that he has criticized on the campaign trail.

    He bashed The Walt Disney Co. over a lawsuit that accused the company of replacing American workers with foreigners using H1-B visas — and then requiring them to train their replacements. And in February he encouraged a boycott of Apple Inc. for the company's refusal to unlock the phones of the shooters in the San Bernardino massacre.

    But that hasn't stopped him from investing in those companies. He owns $15,001 to $50,000 in Disney stock and holds multiple investments in Apple, which combined are worth between $1.1 million and $2.25 million, according to his disclosure filings.
    http://www.indystar.com/story/news/p...pany/84593308/
    “I don’t think that there will be any curtailing of Donald Trump as president,” he said. "He controls the media, he controls the sentiment [and] he controls everybody. He’s the one who will resort to executive orders more so than [President] Obama ever used them." - Ron Paul



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  3. #2
    Trump is Fontas?

    omg!

    UTX is moon!

    'We endorse the idea of voluntarism; self-responsibility: Family, friends, and churches to solve problems, rather than saying that some monolithic government is going to make you take care of yourself and be a better person. It's a preposterous notion: It never worked, it never will. The government can't make you a better person; it can't make you follow good habits.' - Ron Paul 1988

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    ...for protecting them, by mock trial, from punishment...


  4. #3


    He made 1000-5000... but is against them increasing profits if they move to cheaper labor?
    Last edited by Danke; 12-02-2016 at 09:57 PM.
    Pfizer Macht Frei!

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  5. #4
    Quote Originally Posted by Danke View Post


    He made 1000-5000... but is against them increasing profits if the move to cheaper labor?
    yeah, this story sounds like an argument in his favor.

  6. #5
    Quote Originally Posted by Danke View Post


    He made 1000-5000... but is against them increasing profits if the move to cheaper labor?
    Around here , everyone has United Technologies .
    Do something Danke

  7. #6
    So, now he ran for president to cover bets on pocket change investments he made. The show doesn't even begin for another few months yet his presence is being felt everywhere. Manufacturing isn't my field but if he's able to get the former middle class re-employed going forward, there'll be a lot less people living hand to mouth and check to check. His methods won't be Rothbardian, most of us get that.

  8. #7
    Quote Originally Posted by specsaregood View Post
    yeah, this story sounds like an argument in his favor.
    Why is Cpud going to all the trouble to make Trump look so good ?
    Do something Danke

  9. #8
    Quote Originally Posted by oyarde View Post
    Why is Cpud going to all the trouble to make Trump look so good ?
    Not really trying to make him look anything, it just looked like an interesting story.
    “I don’t think that there will be any curtailing of Donald Trump as president,” he said. "He controls the media, he controls the sentiment [and] he controls everybody. He’s the one who will resort to executive orders more so than [President] Obama ever used them." - Ron Paul



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  11. #9
    Quote Originally Posted by oyarde View Post
    Why is Cpud going to all the trouble to make Trump look so good ?
    Passion or serendipity stands upon somebody else's legs.
    Pfizer Macht Frei!

    Openly Straight Man, Danke, Awarded Top Rated Influencer. Community Standards Enforcer.


    Quiz: Test Your "Income" Tax IQ!

    Short Income Tax Video

    The Income Tax Is An Excise, And Excise Taxes Are Privilege Taxes

    The Federalist Papers, No. 15:

    Except as to the rule of appointment, the United States have an indefinite discretion to make requisitions for men and money; but they have no authority to raise either by regulations extending to the individual citizens of America.

  12. #10
    Banned


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    Finally CPUd is baording the Trump train. Was wondering when it would happen.
    Welcome aboard, CPUd!

  13. #11
    If he has a diversified portfolio he likely has shares in thousands of companies.

    The Associated Press is reporting that he no longer owns stock in the company, but it's unclear from the documents whether he still has an interest in the company. On the disclosure form he filed Wednesday, he listed the value of the bond investment as "None (or less than $1,001)."

    The investment is one of hundreds that Trump listed.
    He may face bigger conflict of interests with his businesses and the Presidency. Most presidents put their investments into a blind trust. Kinda hard to do that with all Trump has.
    Last edited by Zippyjuan; 12-03-2016 at 12:51 AM.

  14. #12
    Quote Originally Posted by Zippyjuan View Post
    If he has a diversified portfolio he likely has shares in thousands of companies.
    Like everybody else .
    Do something Danke

  15. #13
    Quote Originally Posted by UWDude View Post
    Finally CPUd is baording the Trump train. Was wondering when it would happen.
    Welcome aboard, CPUd!
    I'm a long way away from that, about as far away as Ron Paul is.

    “I don’t think that there will be any curtailing of Donald Trump as president,” he said. "He controls the media, he controls the sentiment [and] he controls everybody. He’s the one who will resort to executive orders more so than [President] Obama ever used them." - Ron Paul

  16. #14
    Quote Originally Posted by oyarde View Post
    Why is Cpud going to all the trouble to make Trump look so good ?
    Desperation.

  17. #15
    Quote Originally Posted by sgt150 View Post
    Desperation.
    desperation about what?
    “I don’t think that there will be any curtailing of Donald Trump as president,” he said. "He controls the media, he controls the sentiment [and] he controls everybody. He’s the one who will resort to executive orders more so than [President] Obama ever used them." - Ron Paul

  18. #16
    Quote Originally Posted by CPUd View Post
    desperation about what?
    the pointless bumb
    Liberty is lost through complacency and a subservient mindset. When we accept or even welcome automobile checkpoints, random searches, mandatory identification cards, and paramilitary police in our streets, we have lost a vital part of our American heritage. America was born of protest, revolution, and mistrust of government. Subservient societies neither maintain nor deserve freedom for long.
    Ron Paul 2004

    Registered Ron Paul supporter # 2202
    It's all about Freedom



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  20. #17
    Quote Originally Posted by CPUd View Post
    desperation about what?
    Trump's in your head, buddy.

  21. #18
    Quote Originally Posted by sgt150 View Post
    Trump's in your head, buddy.
    Not exactly. He is president-elect and this is a board for US political news. Obviously stories about him are relevant.
    “I don’t think that there will be any curtailing of Donald Trump as president,” he said. "He controls the media, he controls the sentiment [and] he controls everybody. He’s the one who will resort to executive orders more so than [President] Obama ever used them." - Ron Paul



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