Exposing Donald Trump’s lie about Softbank and 50,000 jobs

Donald Trump lied again Tuesday. Lather. Rinse. Repeat.

Donald Trump lied again Tuesday. Lather. Rinse. Repeat.

On Tuesday, Donald Trump tweeted this about the Softbank Group of Japan, which owns Sprint:

He followed it with a tweet that referenced SoftBank CEO Masayoshi Son:

And some media dutifully reported it as a victory for Trump.

USA Today’s headline of “Trump: SoftBank to invest $50B in U.S., create 50,000 jobs” led to a story that said, “In his unlikely march to the White House, Trump tirelessly campaigned on bringing more jobs to America, particularly in manufacturing regions hit hard by the recession and globalization.”

Fox Business announced the news under this headline: “Trump Announces $50B Investment from Japan’s SoftBank.”

Turns out, it was yet another Trump lie.

Kurt Eichenwald of Newsweek and Vanity Fair was the first person I saw to point out one big clue.

A quick search of news clips found that, indeed, that $100 billion fund had been around for more than six weeks.

Here’s a Bloomberg story from four days ago about it, noting, “SoftBank and Saudi Arabia’s Public Investment Fund announced the new venture in October with the Japanese company saying it will invest $25 billion, while Saudi Arabia committed $45 billion. The two have been talking to other investors for the remaining $30 billion.”

Finally, by later Tuesday afternoon, The Wall Street Journal and others in the media were making the connection.

The Journal talked to Son and reported: “In an interview, Mr. Son said the money will be coming from a $100 billion investment fund he is setting up with Saudi Arabia’s sovereign-wealth fund and other potential partners.”

In other words: It’s money already in  the pipeline!

It’s not new.

It’s not something happening because Trump got elected last month.

I’ve already seen some people claiming Trump couldn’t have “lied” in his Softbank announcement because he might not have known about the $100 billion fund from October and maybe Son really did tell him the jobs wouldn’t be coming here without Trump’s win.

What poppycock. Remember, Trump is the self-reported smartest guy in the room. Taking credit for a $50 billion investment and 50,000 jobs ought to require just the slightest amount of questioning — if not by Trump, certainly by his advisers.

But it didn’t, allowing Trump to fool too much of the media on Tuesday.

 

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