Global Independent Analytics

Trump invests in the same companies he bashes

Upon review of his Personal Financial Disclosure, it turns out that presumed Republican nominee has invested and profited from multiple companies he’s slammed on the trail

Eliza Collins for USA Today reports: Maybe Donald Trump never learned the phrase “put your money where your mouth is.” Here are a few examples of how Trump sometimes prefers not walking-the-talk.

Mondelez International

Trump invested in the parent company of Nabisco, which he has condemned a lot for outsourcing jobs to Mexico.

“I’m never eating Oreos again ...  I love Oreos. I will never eat them again. Nabisco closes the plant in Chicago and they are moving the plant to Mexico.” (Fortune, August 2015)

Ford

Trump has named the automobile giant’s intention to build a plan in Mexico an “absolute disgrace” and assumed it would never happen under a Trump administration. He also threatened to call the CEO of Ford and demand a 35% tax on any vehicle made in Mexico.

‘Let me give you the bad news. Every car, and every truck and every part manufactured in this plant that comes across the border, we’re going to charge you a 35% tax. Okay? And that tax is going to be paid simultaneously with the transaction, and that’s it.’” (Fortune, December 2015)

General Electric

Trump has invested into GE, but during his campaign in Connecticut, he called General Electric’s move of jobs outside the state “devastating.”

"It's so devastating to lose a company like General Electric ... I'm going to bring jobs back to Connecticut and to the country. We're not going to let them go to Mexico. … They're going everywhere but here because we have people that don't know how to deal, they don't know how to make deals.” (Hartford Courant, April 2016)

Disney

Trump sharply criticized Disney over a lawsuit that charged them with replacing outsourcing American jobs to foreigners using H1-B visas — and then demanding them to train their replacements. However, his hard feelings didn't prevent him from investing.

“I remain totally committed to eliminating rampant, widespread H-1B abuse and ending outrageous practices such as those that occurred at Disney in Florida when Americans were forced to train their foreign replacements. I will end forever the use of the H-1B as a cheap labor program, and institute an absolute requirement to hire American workers first for every visa and immigration program. No exceptions." (Donald J. Trump, March 2016)

Apple

After Apple’s refusal to unlock the cell phones of the shooters in the San Bernardino massacre, Trump urged his supporters to ban Apple products. Yet, his financial disclosures demonstrate he invested in Apple.

“I like the idea of a boycott of Apple until such time as they give that information.” (Politico, February 2016)

Neither Trump’s campaigners nor staffers responded to request for comment.

 

By Stefan Paraber for GIA.

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