It was Donald Trump’s “Mission Accomplished” moment. Trump had been elected on the back of a right-wing populist surge, and he arrived at the Carrier plant on November 30, 2016, to declare victory for the 1,100 workers at the Indianapolis furnace manufacturer. Their jobs would not be going to Mexico, he told them. They were saved.

“A lot of people took him at his word,” said Quinton Franklin, who worked at the Carrier plant until his layoff this summer. He was one of more than 600 Carrier workers who lost their jobs despite Trump’s deal with United Technologies to keep the plant open in exchange for millions of dollars in tax breaks. “President Trump came in and made our pain into his presidential stump speech,” Franklin said.

In retrospect, Trump’s “Mission Accomplished” moment looks as premature as George W. Bush’s appearance on that aircraft carrier. What appeared to be a genuine, if deeply flawed, shift in direction for Republican Party politics has been entirely abandoned. On the anniversary of the Carrier deal, Trump’s party was scrambling to put together a $6 trillion tax cut for the rich paid for by $4.5 trillion in tax increases for everyone else. And all of Trump’s promises to stop outsourcing have had no effect. Instead, according to a new report by Good Jobs Nation, 93,449 jobs have been certified by the Department of Labor as lost to trade competition or corporate outsourcing—higher than the average rate of loss for the preceding five years.

The Carrier deal worked not because of the state tax breaks handed to the company, as Chuck Jones of United Steelworkers Local 1999 and other union members stressed to me last March in Indianapolis. It worked because Carrier’s parent company, United Technologies, is a major government contractor. The state tax breaks given by then-Indiana Governor Mike Pence could have been handed out earlier, Jones said. Instead, when the news first broke that Carrier was closing its plant and moving production of the furnaces made there to Mexico, Pence argued that there was nothing he could do: The company had had its hand forced by the Obama administration’s “regulations.”

But as a recipient of over $5 billion in federal contracts—by CEO Greg Hayes’s own admission, some 10 percent of the company’s revenue—United Technologies had to consider things a little bit differently when dealing with the federal government. It was inclined to give the president a win, even if, as Jones acidly noted, the deal wasn’t what it was promised to be.