United States Steel would like to accelerate its investments and hire back laid-off employees now that Donald Trump will be occupying the Oval Office, CEO Mario Longhi told CNBC on Wednesday.
"We already structured to do some things, but when you see in the near future improvement to the tax laws, improvements to regulation, those two things by themselves may be a significant driver to what we're going to do," he said in an interview with CNBC's "Power Lunch."
In addition, the belief that the U.S. economy can grow at least 3.5 percent also adds to what the company can do, Longhi noted.
"I'd be more than happy to bring back the employees we've been forced to lay off during that depressive period," he said, which could be close to 10,000 jobs.
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Read the full article at CNBC, here.
"We already structured to do some things, but when you see in the near future improvement to the tax laws, improvements to regulation, those two things by themselves may be a significant driver to what we're going to do," he said in an interview with CNBC's "Power Lunch."
In addition, the belief that the U.S. economy can grow at least 3.5 percent also adds to what the company can do, Longhi noted.
"I'd be more than happy to bring back the employees we've been forced to lay off during that depressive period," he said, which could be close to 10,000 jobs.
____________________
Read the full article at CNBC, here.
The private sector actually lost 463,000 jobs under George W. Bush. In contrast, Obama has presided over 63 straight months of private sector job creation, 10+ million in all.
ReplyDeletehttp://www.factcheck.org/2016/07/obamas-numbers-july-2016-update/
Absolute Left Wing nonsense. Bush AVERAGED 4.8% unemployment. Barack promised to have 5% unemployment by the end of 2010\, it was close to 10% at the time. The `178,000 jobs added to the economy last month, included 118,000 part time jobs. As to the consecutive jobs creation record your Smart Ass president brags about, no one is talking about the fact that more people left the workforce in virtually every one of those employed in the Obama "consecutive" months "record." Under Bush, the workforce was 66% of the population, Under Obama, the workforce is around 62.8% . . . . . . 11 million fewer Americans on the job under Bush than with Obama. Poverty rates are up as is the food stamps population.
DeleteOh, almost forgot about the GDP. Barack is the first president in history with an average GDP of under 2%. He is the first president to not have at least a 3% GDP average during his administration. And, GDP is THE most definitive marker for the health of our economy.
DeleteLook at what Obama was given - recession, look where we are now.
DeleteYou were given the factcheck, you ignored it.
Factcheck??? You do know that "factcheck" is a partisan organization, right? I gave you CBO and Department of Labor figures. Go argue with them.
DeleteYou are part of the fake news epidemic. It's killing America.
DeleteJoseph Goebbels would love to be in Trump's America.
Funny, I would think Goebbels has more in common with Al Sharpton and his cop killing followers, or the abortion lobby, or the Muslim Brotherhood or the New Black Panthers or the Democrat supported inner city gangs.
Delete