I'm surprised AT&T hasn't scrubbed this yet, but check out this 2017 AT&T website featuring AT&T CEO Randall Stephenson promising the not-yet passed Trump tax cuts would create at LEAST 7,000 new jobs:https://about.att.com/story/att_to_invest_an_additional_1_billion_in_the_united_states_if_competitive_tax_rate_enacted.html …
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These weren't just ordinary jobs. Dutiful outlets everywhere in 2017 stenographed (with not so much as a HINT of skepticism) the CEO's claims that these were high-end jobs at $70,000 to $80,000 a year: https://www.cnbc.com/2017/05/04/att-ceo-says-a-corporate-tax-cut-would-mean-thousands-more-jobs-for-hard-hat-workers.html … https://finance.yahoo.com/news/atandt-ceo-says-theyll-invest-least-1-billion-create-7000-jobs-tax-reform-passes-200245187.html …pic.twitter.com/J7WONDnh6O
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Fast forward to 2020: AT&T's CAPEX hit record lows in Q4, and telecom unions say the company has cut 37,818 jobs since the Trump tax cuts took effect. And the outlets that parroted Stephenson and AT&T's claims in 2017 are absolutely nowhere to be found.
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Also mysteriously silent is the folks at the FCC, who've been an AT&T rubber stamp for three years now. And the army of think tankers, hired economists, and others AT&T routinely pays to massage statistics and push false claims liked these under the guise of objective expertise.
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I love Bernies internet connectivity plan but this is the elephant in the room: the money not being spent on the actual construction of infrastructure. It happens with the locals too.
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Yeah I think that's why NYC's plan--and open access models and community broadband in general--are so interesting: https://www.vice.com/en_us/article/n7jbnk/new-york-has-a-plan-to-fix-broadband-by-introducing-actual-competition … We've already tried throwing billions at these guys for 30 years. Seems like it's time to try something new.
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This isn't the first time. In the 80's the baby bells fought for and won a multi-billion tax write off of their "worthless" copper networks so they could deploy fiber. The fiber never came, and DSL allowed the bells to resell their worthless write off for another 30+ years.
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Yeah I've seen some variation of this in telecom more times that I can count. AT&T and Verizon in particular are absolute masters at the game.
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Contractors are reaching out to me left and right for work because they got laid off from AT&T projects. I am going to do everything I can to get them working on municipal fiber builds.
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awesome to hear it
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