@
QuixoticSoul reality is so inconvenient sometimes.
Here, have a bite of reality. Not just your lame opinions.
Trump’s jobs-creating ‘magic wand’
By Post Editorial Board
April 7, 2019 8:46pm Updated
It’s not often that a president delivers exactly what he promised for the US economy, but this one has. Specifically, President Trump has delivered not just solid job growth, but also rising wages. This when his critics called it impossible.
March saw nonfarm payrolls grow by 196,000, the Bureau of Labor Statistics reports — a major rebound from the slowdown in the first two months of the year. And wages grew 3.2 percent over the last 12 months, markedly faster than inflation.
Unemployment was 3.8 percent in March, and has been at or below 4 percent for 13 straight months. This is what economists usually call “full employment,” but the gains keep coming in part because millions who’d given up on even looking for work — and so were no longer counted as “unemployed” — have rejoined the workforce.
All this even as Democrats have routinely denounced Trump in the same terms they’ve slammed every Republican for decades, as merely favoring the rich.
Manufacturing has added 480,000 jobs since Trump’s election, and 209,000 jobs in the past 12 months. And that boom is something that both President Barack Obama and top liberal economist-pundit Paul Krugman and @
QuixoticSoul insisted couldn’t happen. BHUt they are both brain dead liberals.
Literally: In June 2016, Obama slammed Trump’s promises as impossible, saying the then-candidate would need a “magic wand” to deliver. Manufacturing jobs “are just not going to come back,” he warned — after six months when they’d fallen by 31,000 under his policies.
A month after Election Day 2016, Krugman wrote of factory work: “Nothing policy can do will bring back those lost jobs. The service sector is the future of work; but nobody wants to hear it.”
It’s certainly true that long-term trends favor growth in the service sector over that in manufacturing worldwide — but that leaves plenty of room for new US factory jobs, as well as service ones.
Trump’s formula was pretty simple: Ending the Obama-era wave of ever more regulation, while rolling back many of the most senseless rules, and cutting taxes.
