You are the news now

THE NEWS COMMENTER

VOTE  (0)  (0)

Revealed: President Trump Presided Over the Largest Manufacturing Boom in a First Term Since the 1970s

Added 10-24-20 12:47:02pm EST - “Since the Trump Administration's red-tape?"cutting policies and the tax cut and reform law passed in December 2017, manufacturers added 467,000 jobs, more than six times the 73,000 manufacturing jobs added in Obama's last two years.” - Breitbart.com

CLICK TO SHARE

Posted By TheNewsCommenter: From Breitbart.com: “Revealed: President Trump Presided Over the Largest Manufacturing Boom in a First Term Since the 1970s”. Below is an excerpt from the article.

The following is an excerpt from 50 Things They Don’t Want You to Know About Trump, the new book by Breitbart News Entertainment Editor Jerome Hudson.

50 Things They Don’t Want You to Know About Trump is due out October 27 and available for purchase here. The excerpt is from pages 254-258.

New York Times columnist Paul Krugman said weeks after Trump’s election that the president would never bring back lost manufacturing jobs. Krugman declared that “nothing policy can do will bring back those lost jobs. The service sector is the future of work; but nobody wants to hear it.” At a PBS town hall in June 2016, former President Barack Obama poured cold water on Trump’s promise to restore a manufacturing jobs sector that’d been slowly picked apart for decades. Obama contended that decades of America’s diminished dominance in manufacturing was proof of a larger global trend. “Well, how exactly are you going to do that?” Obama asked rhetorically. “What exactly are you going to do? There’s no answer to it. He just says, ‘Well, I’m going to negotiate a better deal.’ Well, what, how exactly are you going to negotiate that? What magic wand do you have? And usually the answer is, he doesn’t have an answer.” It was Barack Obama who oversaw a stagnant and declining manufacturing sector during his eight years in office. According to the U.S. Bureau of Labor Statistics (BLS), Obama’s economy produced less than 100,000 manufacturing jobs across the nation during his last two years in office. In contrast to Obama, manufacturing jobs started soaring shortly after Trump assumed office in January 2017.

Since the Trump Administration’s red-tape–cutting policies and the tax cut and reform law passed in December 2017, manufacturers added 467,000 jobs, more than six times the 73,000 manufacturing jobs added in Obama’s last two years.

Looking at Trump’s first two years, the revised BLS data shows that more than two manufacturing jobs were added for every one job added in government at the federal, state, and local level. In contrast, under Obama, almost five government jobs were added for every one manufacturing job.

Read more...

If you don't see any comments yet, congrats! You get first comment. Be nice and have fun.

CLICK TO SHARE

BACK TO THE HOME-PAGE