President-elect Donald Trump spent most of Wednesday telling anyone willing to uncritically repeat what he says that he had singlehandedly brokered a deal with wireless carrier Sprint and OneWeb, a global satellite communications company, that would bring 8,000 jobs back to the U.S.
“I was just called by the head people at Sprint and they are going to be bringing 5,000 jobs back to the United States, they are taking them from other countries,” Trump told the press pool from his Mar-a-Lago estate. “And also OneWeb, a new company, is going to be hiring 3,000 people. So that’s very exciting.”
Trump claimed these jobs were created because of the “spirit and the hope” created by his election, which echoes statements made by Masayoshi Son, the CEO of SoftBank, the Japanese telecoms company that owns Sprint and recently provided OneWeb with $1.2 billion in a round of funding.
“Earlier this month, I met with President-elect Trump and shared my commitment to investing and creating jobs in the U.S.,” Son said in a press release earlier this month. “America has always been at the forefront of innovation and technological development, and we are thrilled to be playing a part in continuing to drive that growth as we work to create a truly globally connected ecosystem.”
While Trump would love to present the Sprint and OneWeb jobs as proof that he’s “making America great again,” he (and Son) failed to point out that the deal between the two telecommunications companies was set in motion before Trump became President-elect and would have gone through whether he’d won the election or not.
As POLITICO’s Tony Romm explains, the plans that led to these jobs were actually laid out by SoftBank back in October and much of the capital being used to push the deal forward is coming from Saudi Arabia’s Public Investment Fund as part of a partnership with SoftBank.
So, to recap: Are jobs coming back to America? Yes—because of the business acumen of a Japanese tech mogul, not Donald Trump.