Highlights:
Trump Blog Post Title: “Outsourcing Creates Jobs In The Long Run” [Trump University via Wayback Machine, 8/29/05]
2005 Trump: “If A Company’s Only Means Of Survival Is By Farming Jobs Outside Its Walls, Then Sometimes It’s A Necessary Step.” According to the New York Times, “While Mr. Trump has for years railed against trade and currency policies that he says are unfair, he has not always been opposed to outsourcing. Writing on the Trump University blog in 2005, Mr. Trump acknowledged that foreign labor was sometimes needed to keep American companies from going out of business. ‘If a company’s only means of survival is by farming jobs outside its walls, then sometimes it’s a necessary step,’ Mr. Trump wrote. ‘The other option might be to close its doors for good.’” [New York Times, 6/30/16]
Trump: “I Have To Take The Unpopular Stance That” Outsourcing “Is Not Always A Terrible Thing.” According to a blog post by Donald Trump published on the Trump University website, “We hear terrible things about outsourcing jobs--how sending work outside of our companies is contributing to the demise of American businesses. But in this instance I have to take the unpopular stance that it is not always a terrible thing. I understand that outsourcing means that employees lose jobs. Because work is often outsourced to other countries, it means Americans lose jobs. In other cases, nonunion employees get the work. Losing jobs is never a good thing, but we have to look at the bigger picture.” [Trump University via Wayback Machine, 8/29/05]
Trump: “If A Company’s Only Means Of Survival Is By Farming Jobs Outside Its Walls, Then Sometimes It’s A Necessary Step. The Other Option Might Be To Close Its Doors For Good.” According to a blog post by Donald Trump published on the Trump University website, “Last year, Nobel Prize-winning economist Dr. Lawrence R. Klein, the founder of Wharton Econometric Forecasting Associates, co-authored a study that showed how global outsourcing actually creates more jobs and increases wages, at least for IT workers. The study found that outsourcing helped companies be more competitive and more productive. That means they make more money, which means they funnel more into the economy, thereby, creating more jobs. I know that doesn’t make it any easier for people whose jobs have been outsourced overseas, but if a company’s only means of survival is by farming jobs outside its walls, then sometimes it’s a necessary step. The other option might be to close its doors for good.” [Trump University via Wayback Machine, 8/29/05]
Associated Press: Trump Reported Holding Investments In Companies Like Ford Motor Co And Nabisco, “Companies He’s Assailed For Outsourcing.” According to Associated Press, “Donald Trump has invested in some of the companies that he uses as punching bags on the campaign trail, according to new financial documents he submitted to the U.S. government. In his 104-page public financial disclosure report, the presumptive Republican nominee reported holding investments in companies like Ford Motor Co., Apple Inc. and the parent company of the maker of Oreo cookies — all businesses that he’s assailed for outsourcing or, in Apple’s case, not agreeing to crack into iPhones for police or federal law enforcement in criminal cases. Trump also has invested in other companies that have outsourced jobs but escaped his public shaming.” [Associated Press, 5/19/16]
Huffington Post: Trump Earned Between $150,000 And $1.1 Million From Investments In “Companies That He Has Publicly Attacked” For Outsourcing Jobs Including Nabisco, The Carrier Corporation, And Ford. According to The Huffington Post, “According to Trump’s personal disclosure forms, released Wednesday, he earned between $150,000 and $1.1 million in the past year from investments in companies that he has publicly attacked. Trump’s most frequent targets include Nabisco, the Carrier Corporation, and Ford. The parent companies of Nabisco and Carrier have both outsourced hundreds of jobs to Mexico in recent months. Ford plans to build a new plant in Mexico’s San Luis Potosí state, a plan Trump has called ’a disgrace.’” [Huffington Post, 5/18/16]
AP: Trump Also Reported Investments In VF Corp And Thermo Fisher Scientific, “Both Of Which Moved Jobs Out Of The U.S. In High-Profile Outsourcing Deals Last Year.” According to the Associated Press, “Trump so far hasn’t attacked all the companies he listed on his financial records that have outsourced jobs. Trump listed investments in V F Corp. and Thermo Fisher Scientific, both of which moved jobs out of the U.S. in high-profile outsourcing deals last year.” [Associated Press, 5/19/16]