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Trump boosts manufacturing jobs 399% more in his first 26 months than Obama's last 26 months.


What made that astounding is the fact that it occurred 8 years into a technical (albeit historically stagnant) recovery, the "mature" phase of the cycle long after the easy bounce back gains that always come right after a recession trough. Economists had predicted that recession was more likely in 2017 than a sudden, significant uptick in GDP growth, stocks, or manufacturing jobs in particular. Obama mocked Trump's claims of there being any manufacturing gains, saying it would take a "magic wand" and those jobs "aren't coming back". But manufacturing gains have shattered expectations.

"In the last 26 months of Obama’s presidency, manufacturing employment grew by 96,000 or 0.8%. In Trump’s first 26 months, manufacturers added 479,000 jobs, or 3.9%, 399% more jobs than Obama’s record......

On the other hand, federal, state and local government jobs, many of them creators of job-stifling red tape, grew by 1.8% in Obama’s last 26 months compared to 0.8% under Trump.

In fact, over the past 26 months, there were 168% more jobs in manufacturing created than in government, while during Obama’s last 26 months, there were 303% more government jobs created than in manufacturing."


https://www.forbes.com/sites/chuckdevore/2019/03/11/trumps-policy-magic-wand-boosts-manufacturing-jobs-399-in-first-26-months-over-obamas-last-26/#437beaa820a6

Apparently the "magic wand" was deregulation, Trump's tax reform, and having a White House that isn't openly hostile to business.

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Damn!

#TiredOfTrumpAndAmericansWinning

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