Last week, President-elect Donald Trump along with Vice President-elect Mike Pence, who is the current governor of Indiana, struck a deal with United Technologies, the parent company of Carrier, in order to save over 1,000 jobs from being sent from Indiana to Mexico. This deal will supposedly give Carrier over $7 million in tax break incentives and it has everyone across the political spectrum reacting in different ways.
People on the far-left such as the self-described democratic-socialist senator from Vermont, Bernie Sanders say “It is not good enough to save some of these jobs.” According to Sanders, the President-elect should be doing more to intervene with the private market in order to save more jobs.
Republican Speaker of the House, Paul Ryan overlooked the fact that the government is meddling in private business in order to defend Trump’s actions by saying “I think it’s pretty darn good that people are keeping their jobs in Indiana instead of going to Mexico.”
On one hand you have a democratic socialist advocating for more intervention on the private market and on the other hand you have prominent leaders within the Republican Party (the party that many perceive as championing the principle of free enterprise) defending actions that resemble crony capitalism. Even the VP-elect, someone who many thought of as a smart fiscal conservative, is giving up on the ideas of free enterprise. He said this in a statement shortly after the Carrier deal “The free market has been sorting it out and America’s been losing.” (more…)