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Originally Posted by Pio1980
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Should Trump punish GE?
Joe Barlow has labored at the same GE (GE) plant for nearly 25 years. He's so mad about the jobs going to Canada that he threw out every GE product in his house, including the toaster and light bulbs.
"I don't own anything GE anymore," Barlow said. "All my family is on board that no one will ever buy another GE product."
Barlow voted for Donald Trump, helping tip Wisconsin red in a presidential election for the first time since 1984. For Barlow, it resonated deeply when Trump promised to put a hefty tax on companies that send jobs overseas.
"I hope [Trump] follows through on his 35% tax and punishes those businesses" that offshore work, Barlow said. He would like to see GE first on that list.
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Vice President Mike Pence and Interior Secretary Ryan Zinke have also said that Trump's actions are bringing back coal jobs.
The most bullish jobs claim comes from Stephen Moore, an economic adviser to Trump during the campaign, who now works as a contributor for CNN. He has said repeatedly that there have been 43,000 mining jobs added since Trump was elected president.
But that's not true.
While it is true is that the Labor Department figures show that 43,000 jobs have been added to "mining" jobs category since the final October jobs report just before the election, that category includes employment in oil and gas extraction, as well as traditional mining jobs.
Related: Here comes the next wave of the U.S. oil boom
At least 21,000 of the new positions were in the oil and gas industries, or related businesses. Another 6,000 more are in nonmetallic mining and quarrying, digging for things like granite and marble.
Only 1,300 jobs were added at coal mines.
http://money.cnn.com/2017/05/31/news...-story-summary
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