Will this presidential election be the most important in American history?
President-elect Donald Trump is already making good on his campaign pledge to get America working again. Trump negotiated a deal with the founder of SoftBank, Masayoshi Son, that would invest $50 billion and create an estimated 50,000 jobs in the United States.
According to The New York Times:
The brash and outspoken founder of SoftBank, Masayoshi Son, has long been known for his outsize ambitions, from taking on the United States’ biggest telephone companies to creating a $100 billion fund for technology deals. On Tuesday, Mr. Son, a Japanese mogul, struck another big pledge after meeting with President elect Donald J. Trump: to invest $50 billion in the United States, a move that he said would create some 50,000 jobs.
But the $50 billion investment pledge is not an entirely new initiative that SoftBank is undertaking. Instead, the money is projected to come from the Japanese company’s previously announced Vision fund, a $100 billion vehicle for investing in technology companies worldwide.
… In speaking with reporters alongside Mr. Trump on Tuesday, Mr. Son clutched what appeared to be a presentation from the meeting. One page featured the logos of both SoftBank and Foxconn, the Taiwanese manufacturing giant that makes parts for the iPhone. On the page — and circled — was the text committing to investing $50 billion in the United States and generating 50,000 jobs over the next four years.
Below it appeared to be Mr. Son’s signature.
Masa (SoftBank) of Japan has agreed to invest $50 billion in the U.S. toward businesses and 50,000 new jobs….
— Donald J. Trump (@realDonaldTrump) December 6, 2016
Masa said he would never do this had we (Trump) not won the election!
— Donald J. Trump (@realDonaldTrump) December 6, 2016