News broke on Tuesday morning that a would-be $1.6 billion Ford plant in Mexico is being canceled, thanks to a “vote of confidence” towards Donald Trump, according to Ford’s CEO, Mark Fields.
He says he feels there is a confidence in a potential pro-growth agenda with the new administration. With the new move, there will be at least 700 jobs to be created in the U.S.
— CNNMoney (@CNNMoney) January 3, 2017
According to Fields, no deal was made with Trump. This was said in response to skepticism that this may be another case of crony capitalism.
To Trump supporters, this is another victory to American jobs and prosperity. To his critics, this is still more crony-capitalism, despite Fields claiming he didn’t negotiate with Trump.
This was the latest of several companies to make a change in plans because of Trump. The first well-known case were some of the Carrier jobs that stayed in the U.S. after they were going to move to Mexico. Then in the past week, the President-Elect announced a victory in Sprint. Now we see the latest occurring with Ford.
I do hope that Trump will follow through pro-growth policies, and do so without choosing winners and losers. For example, his plan of wanting to decrease our corporate tax rate of 35% down to 15% across the board would be a good start. It is good to see more American jobs produced with this latest move by Ford, but it must come with true free market capitalism, and not through more government and crony-capitalism.