Contact Your Financial Adviser Money Making MC
12
January 2017
President-elect
Donald Trump (The Total Investment
& Insurance Solutions)
President-elect Donald Trump has
announced that creating jobs would be the cornerstone of his presidency and
took aim at the pharmaceutical sector vowing to bring the industry back to the
US.
The Total Investment & Insurance Solutions
Overall, his policies spell trouble
for nations that seek to expand exports to the US.
"We're going to create
jobs," he declared at his first news conference here on Wednesday. "I
said that I will be the greatest jobs producer that God ever created. And I
mean that."
In his hour-long meeting with over
250 media people at the Trump Tower, he gave more time to jobs creation and
bringing back jobs than to foreign policy.
After outlining what he said were
his successes in bringing back manufacturing to the US, he turned on the
pharmaceutical industry.
"We've got to get our drug
industry back," he said. "Our drug industry has been disastrous.
They're leaving left and right. They supply our drugs, but they don't make them
here, to a large extent." The Total Investment & Insurance
Solutions
India exported $6 billion worth of
drugs to the US in 2015 and could feel the impact of this policy, although it
could also gain from his plans to cut the cost of pharmaceuticals because of
India's leadership in generics, an area in which US companies have not left the
country like branded pharma have. The Total Investment & Insurance
Solutions
He accused the pharma sector of
"getting away with murder" by charging high process -- the bidding
process for buying drugs is flawed.
"Pharma has a lot of lobbies
and a lot of lobbyists and a lot of power and there's very little bidding on
drugs," he said. The Total Investment & Insurance Solutions
"We're the largest buyer of
drugs in the world and yet we don't bid properly and we're going to start
bidding and we're going to save billions of dollars over a period of
time."
He listed companies like Fiat
Chrysler and Ford planning to set up automobile factories in the US, instead of
abroad and mentioned his meetings with Chinese entrepreneur Jack Ma, the
founder of the e-commerce giant Ali Baba, as examples of how his election is
contributing to jobs creation. The Total Investment & Insurance
Solutions
He asserted in the next couple of
weeks more companies would be announcing plans to be set up factories in the
America Midwest, from where he drew the core of his support from those hurt by
the deindustrialisation. The Total Investment & Insurance Solutions
As part of his plans to cut
government waste, he cited the examples of F-35 and F-18 aircraft programmes,
which he asserted, were over budget by billions of dollars and behind
schedule.
He said that he would be working
with generals and admirals to turn them around the lower costs.The Total Investment
& Insurance Solutions
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