Trump's Policy "Magic Wand" Boosts Manufacturing Jobs 399% In First 26 Months Over Obama's Last 26
President Donald Trump gestures as he speaks[+]ASSOCIATED PRESS
During the 2016 presidential campaign, Donald Trump consistently promised to revive America’s manufacturing economy.
Trump’s focus on manufacturing brought out high-profile critics who scoffed at the notion. President Obama notably said in June 2016 that manufacturing jobs “are just not going to come back.” He said this at a time when manufacturing job growth had flatlined, falling by 31,000 from January of 2016 to when he delivered his pessimistic comments in June of that year.
While President Obama’s time in office did see job gains, even in manufacturing, it’s important to note that jobs always come back in a post-recession recovery. But comparing the nation’s most-recent economic recovery from the trough in June 2009, the pace of job growth was slower in Obama’s tenure than in any past recovery—except for the rebound from the mild eight-month recession in 2001, following the deflation of the dot-com bubble.
Much of the blame for the weak economy can be set at the feet of two failed economic policies: monetary and fiscal. From the reliance on the Federal Reserve’s easy money—$4.5 trillion of “quantitative easing”—to the Troubled Asset Relief Program (TARP) started under President Bush to Obama’s Cash For Clunkers program, the post-2009 recovery was marked by government intervention at levels not seen since the Great Depression 70 years earlier.
Furthermore, with federal regulatory activity at historic highs under President Obama, investors were scared off from making long-term commitments. As a result, much of the Federal Reserve’s easy money sat safely on the sidelines.
Yet last Friday, the U.S. Bureau of Labor Statistics issued its February jobs report. Comparing the Trump administration’s first 26 months of employment data with the last 26 months under Obama is insightful.
Both periods are considered by most economists to be in the mature stage of the business cycle. In Obama’s case, slow economic growth, especially regarding sluggish manufacturing employment, was considered the “new normal.” The national economy grew by 1.6% in 2016, Obama’s last year.
From October 2014 to December 2016, private sector employment grew by 4.4% as the unemployment rate dipped to 4.7%. In the past 26 months, private employers have grown their payrolls by 4.0% as the job market has tightened considerably, with official unemployment dropping to 3.8%.
While overall employment numbers are comparable, the difference in manufacturing is profound. 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.
Is it any wonder that President Obama derided then-candidate Trump for needing a “magic wand” to deliver on his manufacturing jobs promise?
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. This was not sustainable. Government jobs don’t pay for themselves.
And here’s where President Trump’s pro-growth policies come into play.
The current stretch in increased manufacturing employment started in November, 2016—the month of Trump’s election. Employers, especially those faced with making long-term investments in physical plants and equipment, anticipated regulatory relief under Trump.
They got the relief they hoped for.
By October 2018, the Trump Administration cut 2.7 major regulations for every one added, greatly reducing regulatory cost and risk.
In addition, the tax cuts signed into law in December 2017 not only reduced corporate tax rates, encouraging investment, they also incentivized U.S.-based multinational corporations to bring home profits held overseas.
In the first nine months of 2018, these firms repatriated $571.3 billion—money needed for job-creating investment at home, but had been held in foreign countries because America had the highest corporate tax rate in the industrialized world.
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THE AKAN Copied from the book, Reality as Myth by Onyeji Nnaji . The influence of the Akan on their content nations lies on their population and commonwealth of their brother nations. The Akan are one of the largest ethnic groups in West Africa. Their population is scattered across West Africa and beyond. Among this huge population of the Akan, the Ghanaians are more popular, perhaps because of the political influence of the Ashanti Empire in the area. Not much is heard or known about other Akan settlements like the Akwamu, the Akyem , the Akuapem, the Denkyira, the Abron, the Aowin, the Ahanta, the Anyi, the Baoule, the Chokosi, the Fante, the Kwahu, the Sefwi, the Ahafo, the Assin, the Evalue, the Wassa the Adjukru, the Akye, the Alladian, the Attie,the M'Bato, the Abidji, the Avikam,the Avatime the Ebrie,
Copied from the Book; " Reality as Myth " by Onyeji Nnaji The beauty of the discovering of the Radar Rivers and their channels is that it disproves the western hegemonic claim of the Euphrates valley being the position of the birth of the great river, all the points that opposed their claims notwithstanding. Even God himself was very perfect in His creation by placing them in their positions, hierarchically, according to their birth. The first river that flowed located the Havilah land where there are good quality gold, bdellium and fine onyx stones. Pison was the oldest of the rivers and it flowed through the land of the southern Africa. The second river flowed northward to Ethiopia. It was when Africa had been overtaken by virtue of her proximity to the Great Water that other parts of the world began to encounter the remaining river; remarkable with Hiddekel. Subscribe to ajuede.com to be updated on our posts on dailies. The major problem tow
Copied from the book, Reality as Myths by Onyeji Nnaji T he world of the Bantu travellers shows the walls of the migration that recorded the highest population among the African settlement. Originating from the largest population among the four races that settled in the east before time, all Bantu travellers were pygmies; for that was the nature of the Umudiala, the generation that gave birth to them. Bantu migration was rated the third earliest migration of the Negro race from the east. In this regard, all their movement had involved great population of people compared to the number of people involved in the two earlier populations that gave birth to Ethiopia, Nubia and Egypt: the Walker Traveller, and the Race of Anu. Bantu population as we have identified in the third chapter above outweighs the rest of the population of the ancient fathers that founded many of the nations of antiquity mentioned earlier. Discussing them in beat will pose a little challenge since
STRICTLY FOR COUPLES … You will know that the man is the head while you are his neck. As such, you direct his focus and make him fixative Our series include the following : * Show him what he looks out for from other women * Teach him like he knows nothing * Learn to play naked games with your husband * Learn to package yourself * Learn to work on your husband M y neighbour had v owed never to let any girl survive as a salesgirl in my shop. This thing has happened for over three times. Each time we brought a new salesgirl, the girl would stay for two or three months; and suddenly she would end her contract with us. In all these, my husband did not know. So, being that the girls usually stole money and other items, the reason for their departure became genuine, thus: they ran away to avoid being punished for their actions. But behind this, the underlying truth is that the girls had been embarrassed by my neighbour who would warn them to leave her loosed husband. Re
T he name Nkalaha is a coinage which stands for a people occupying a geographical land and regional setting in the eastern part of Nigeria. It is a coinage which attempts to explain the direction of movement and adventure of the men who founded the community in the 15th century AD. According to oral sources and some documentation about this community, some of these men were believed to have traveled from Ida, old Benue state of Nigeria to inhabit the land. These men had traveled on different days to locate the place. Onojah who originally founded the land was said to have been in a deep search for a place of safety as he was besieged by a fate that appeared to make him somewhat incompatible with his own people. Nkalaha is one of the communities that make up Ishielu Local Government Area of Ebonyi State. Nkalaha occupied the northern part of Ishielu Local Government Area. She is located through the zip 135.031.000. The community sits on 923.768km 2 . She shares boundaries
The Mystery of Number, “Five” in the Igbo Cosmology. From: Aspects of the Ancient African Metaphysics; Chapter: Seven; Topic: Igbo Geometries and the Metaphysics of Numbers. Author: Onyeji Nnaji. I n the Igbo cosmology, the word Isee is a definite symbolic word as revealed through the Igbo language and culture. A human being has five fingers, five toes. The hands and feet are fundamentals to the survival in life as they are necessary in ensuring that man moves to places where he gets food and grapples on the food to sustain his life. To this view, the rhetoric that binds vocatives in the form of incantation (anchoring on the heart-lock: four ) and the concomitant reprisal in the manner of affirmation that holds the human life bind to his original spiritual person, therefore defining existence and essences are unified by the corresponding echo: Isee!!!!! Therefore it stands that anytime a prayer is said in the Igbo land, the attendants who would want the fulfillment of the
INTRODUCTION One thing that made Udi remarkable is the indubitable legacy adopted in commemoration of the legendry fighter, Uto at Nsude. It was one of the greatest contributions of the descendants of Agbaja to the survival of Nsukka civilization of memory. Uto held from Oshie. Uto dies of small pox after a mercenary battle he was hired to fight in the ancient Benin. His body was buried in the evil forest as the tradition demanded. Although he lived no longer, the stepped pyramids above were adopted to commemorate the lasting peace he brought to the entire Oshie and Udi nation of people. Another remarkable thing about Udi is the fertility of the land. This has contributed widely in sustaining the inhabitants and provided a name for the inhabitants in the manner of Abakaliki, Umudike, Ogbaru, Igboariam, Ohaji, Uzouwani, etc., especially in Amofia-Agu, Affa. Udi is a land of great rivers and springs: Adaada, Ajali, Oji, Aria, Nvenu, Ngene Evu, Iyi Ububo, etc. as was the situ
There are four generations…, and the fourth generation, which is the most exalted, is kingless and perfect. These people will enter the holy place of their Father and they will reside in rest … They are kings. They are the immortal within the mortal ( The Nag Hammadi, 219 ) Also read Nsukka Civilization: The Peopling of Ancient Nsukka One of the African homes that colonialism has completely deformed beyond certain level of recognition is Nsukka. Colonialism apart, the most affecting factor to the survival of the meaning which the rich cultural enclave, Nsukka, carries will best be blamed on postcolonial political structure. The biggest harm all these have against Nsukka as a people is that they rubbed her of the meaning of her name; their place of origin; how their fathers managed to come into their present abodes and who their ancestors were. A profound understanding of the excerpt above will open the door towards deciphering the meaning and origin of the people call
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