Last updated on July 17th, 2023 at 09:44 pm
Donald Trump announced on Wednesday what was supposedly a new deal to bring 5,000 Sprint jobs back to the United States over the next several years.
The only problem? Those jobs were part of a previously-announced deal from Japan’s SoftBank to create 50,000 jobs in the U.S.
In the same announcement on Wednesday, Trump also said that startup OneWeb will be hiring 3,000 Americans in 2017. According to MarketWatch, though, those 3,000 jobs “can also be credited to SoftBank.”
Though Trump’s announcement today was nothing new and he was just trying to take credit for jobs that would have likely been created without his election, the media was quick to run with it and give the president-elect a positive headline.
If you’re keeping score at home, the number of new jobs Trump helped add to the economy today wasn’t 8,000, as he and many in the media claimed; it was zero.
If anything, the last couple of months has given us a big taste of what the future Trump presidency will be like – a lot of smoke and mirrors and very little actual substance.
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