President-elect Donald Trump's speech about his deal to keep Carrier jobs in the United States was "absolutely the worst speech," economic policy analyst Jimmy Pethokoukis told CNBC on Thursday.
Trump boasted about his deal to keep about 1,100 Carrier jobs in Indiana, and also took aim at other companies who may be thinking about moving jobs out of the country.
"Companies are not going to leave the United States anymore without consequences. Not going to happen. It's not going to happen, I'll tell you right now," Trump said on Thursday.
Pethokoukis, a scholar with the conservative-leaning American Enterprise Institute, called it the worst economic speech since Democratic presidential nominee Walter Mondale promised to reverse Reaganomics in 1984.
"The idea that American corporations are going to have to make business decisions, not based on the fact that we've created an ideal environment for economic growth in the United States, but out of fear of punitive actions based on who knows what criteria exactly from a presidential administration. I think that's absolutely chilling," he said in an interview with CNBC's "Closing Bell."
Trump's deal with United Technologies includes $7 million in financial incentives provided by Indiana to keep 1,100 jobs at Carrier, the company's heating and air conditioning unit, in the state. However, Carrier still plans to move roughly 1,300 other jobs to Mexico and close another facility in Indiana.