Sarah Palin denounces Trump's Carrier deal as 'crony capitalism'
Former Alaska governor Sarah Palin has blasted US President-elect Donald Trump for “crony capitalism,” after he announced an agreement with air conditioning manufacturer Carrier to keep jobs in Indiana.
The company said in a statement that under the deal, negotiated by Vice President-elect Mike Pence, the state of Indiana offered Carrier $7 million in incentives over a decade, "contingent upon factors including employment, job retention and capital investment."
Pence, the outgoing Indiana governor, said the agreement will keep about 1,100 jobs in the state. "This is a great day for Indiana and it's a great day for working people all across the United States of America.”
In an op-ed on Friday for the website Young Conservatives, Palin said that the details behind the manufacturer’s decision to keep jobs in Indiana are not yet clear.
She showed her disapproval if it was a case of “political intrusion using a stick or carrot to bribe or force one individual business to do what politicians insist.”
“When government steps in arbitrarily with individual subsidies, favoring one business over others, it sets inconsistent, unfair, illogical precedent,” she asserted.
Palin endorsed Trump in a speech earlier this year where she described him as “master of the art of the deal,” but ripped into the real estate tycoon’s decision on Friday.
“Republicans oppose this, remember? Instead, we support competition on a level playing field, remember? Because we know special interest crony capitalism is one big fail,” she wrote.
“A $20 trillion debt-ridden country can’t afford this sinfully stupid practice,” she cautioned, “so vigilantly guard against its continuance, or we’re doomed.”
During his election campaign, Trump has spoken against corporations which are leaving the United States for cheaper workforce abroad in order to earn more profit, leaving many American workers jobless.
He has vowed to bring jobs back to the United States and punish those companies which refuse to do so by imposing major tariffs on their products.
Trump particularly singled out Carrier, a brand of United Technologies Corporation, saying he had been trying to convince the firm not to shift thousands of jobs to neighboring Mexico.
The Republican billionaire had warned that his administration would slap tariffs on Carrier products as they were exported back to the United States.
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