President Obama Famously Said That Some Manufacturing Jobs "ARE JUST NOT GOING TO COME BACK. You Need a Magic Wand to Make Them Come Back." - Obama, Meet Wand... His Name is Trump

[AlleyCat]

And you should be thanking Obama for being responsible for 90% of the
employment growth, it didn't just all mushroom miraculously overnight as
soon as fat Tubby took office. He's just riding on Obama's 90% coat
tails.

Aaaaaaahng... WRONG!

President Obama... meet future-President and magic wand... Donald Trump.

https://thumbor.forbes.com/thumbor/960x0/https%3A%2F%2Fblogs-
images.forbes.com%2Fchuckdevore%2Ffiles%2F2018%2F10%2FManufacturing-jobs1-
1200x675.jpg

See how flat OBAMA'S job growth was? Look at it skyrocket after he leaves
office and Trump takes over. there's is NO need to "thank" Obama for
ANYTHING.

The Trump Manufacturing Jobs Boom: 10 Times Obama's Over 21 Months

The Great Recession officially ended in June 2009, six months into former
President Obama's first term. The economy continued to shed jobs until the
following March. Manufacturing was particularly hard hit, with almost 2.3
million manufacturing jobs-some 1 in 6-lost between January 2008 and March
2010.

As is the case during recoveries, jobs bounced back, with seasonally
adjusted non-farm employment expanding almost 12% from March 2010 until
January 2017, when President Obama handed over the presidency to Donald
Trump.

BUT DURING THE SAME PERIOD, MANUFACTURING EMPLOYMENT GREW ONLY 7.7% WITH
MANUFACTURING PAYROLLS VIRTUALLY FLAT IN THE LAST 21 MONTHS OF THE OBAMA
ADMINISTRATION.

We were told it was the new normal.

At a town hall in June 2016, President Obama famously said that some
manufacturing jobs "ARE JUST NOT GOING TO COME BACK. "He went on to mock
then-candidate Trump by saying he'd need a "magic wand" to make good on
this manufacturing job promises.

Months later, as the shock of a President-elect Donald Trump was still
being absorbed, New York Times columnist and economist Paul Krugman
tweeted on November 25, 2016...

https://twitter.com/paulkrugman/status/802164997128392704

"Nothing policy can do will bring back those lost jobs. The service sector
is the future of work; but nobody wants to hear it."

Aaaaaaahng... WRONG.

Krugman - a partisan hack.

Well, a funny thing happened-Trump's policies, and just as importantly,
the expectation of Trump's policies, ignited a manufacturing resurgence.

In the first 21 months of the Trump presidency, non-farm employment grew
by a seasonally adjusted 2.6%. In the same period, manufacturing
employment grew by 3.1%, reversing the trend under Obama when overall
employment grew faster than employment in the manufacturing sector.

Comparing the last 21 months of the Obama administration with the first 21
months of Trump's, shows that under Trump's watch, more than 10 times the
number of manufacturing jobs were added.

https://thumbor.forbes.com/thumbor/960x0/https%3A%2F%2Fblogs-
images.forbes.com%2Fchuckdevore%2Ffiles%2F2018%2F10%2FManufacturing-jobs1-
1200x675.jpg

Manufacturing Jobs Have Resumed Growing Under President Trump's Pro-Growth
Policies

Manufacturing Jobs Have Resumed Growing Under President Trump's Pro-Growth
Policies Texas Public Policy Foundation

Three things likely sparked this manufacturing jobs spike.

First, eight years of the Obama Administration's piling on regulation upon
regulation, from labor rules, to the Clean Power Plan, to the
implementation of ObamaCare, placed industry into a defensive crouch.
Business leaders were fearful of investing capital, not knowing how the
federal rules might capriciously change, thus wiping out their expected
return on investment.

That defensiveness ended in November 2016 when the expectations of
additional regulatory burdens under a prospective President Clinton
vanished. Not coincidentally, manufacturing employment started its
sustained upswing the very month of Krugman's tweet.

Second, the Trump Administration's deregulatory practice exceeded
expectations, with red tape being cut at a faster clip than achieved under
President Ronald Reagan 36 years earlier.

Third, with the Republican Congress, President Trump delivered on a major
overhaul of the tax code, including a significant cut to business taxes as
well as a change to the treatment of overseas profits that incentivized
the repatriation of some $300 billion in the first quarter of 2018 out of
what the Federal Reserve estimates is $1 trillion in multinational profits
held abroad.

https://www.cnbc.com/2018/09/10/chart-shows-surge-in-corporate-cash-
brought-home-since-tax-cuts.html

Past performance is no guarantee-but so far, President Trump's pro-growth
policies have confounded his critics' predictions with the prime
beneficiaries being hard-working Americans.

[AlleyCat]

What did the government get of?

English, Cuntnadian... English.

And you should be thanking Obama for being responsible for 90% of the
unemployment growth

You got that right, Queenie. We thank Obama every day, for being the dunce
and do-nothing President he was, so we can look back and see how truly
great Trump is doing.

it didn't just all mushroom miraculously overnight

OVERNIGHT? Try THREE years of tax cuts and Trump actually TALKING to
companies, instead of OBAMA'S hands off approach to EVERYTHING.

Did Obama do ANYTHING to get jobs to come back to America? Nope.

Obama was merely a puppet... a Manchurian Candidate of the highest order.
He did what his massahs TOLD him to do and say... THAT'S why he couldn't
express a thought on the economy or anything, without his trusty
teleprompter.

He's just riding on Obama's 90% coat tails.

Why does CANADIAN liberal lie?

Again, liar... tell us ALLLLL the things OBAMA did to stimulate ANYTHING,
but mostly, tell us how HE lowered unemployment. What did HE do... not the
private sector... what bills did he write? NONE. Hell, he didn't write
ONE letter of Obamacare, and it was named after HIM. [giggle]

Typical liberal won't answer, because that's all they do these days...
throw out a claim, NEVER expecting to have to back it up.

Trump's a Russian agent.

Prove it.

"Uhhhhhhhh....." - typical liberal. Full of accusations with NO evidence.

Do you REALLY think that if fatty Clinton was elected, we'd see the kind
of growth? Nope.

But here's the kicker... if she HAD been elected, would you say any growth
she had on HER watch, was because of Obama? Nope. You'd say it was allll
her.

Fucking hateful lieberals. Can't enjoy a good thing because of their hate.

Stupid.

[BeamMeUpScotty]

Post by AlleyCat
https://thumbor.forbes.com/thumbor/960x0/https%3A%2F%2Fblogs-
images.forbes.com%2Fchuckdevore%2Ffiles%2F2018%2F10%2FManufacturing-jobs1-
1200x675.jpg

If Obama "planned" this recovery why didn't he plan it 1 year after he
took office?


Why 7 years of the stagnation before the recovery? The reason was
Obama and Democrats kept destroying any chance for economic growth with
more taxes and more regulations and more TRANSFER PAYMENTS (WELFARE).


More people on more welfare was bleeding the economy and so the economy
was stagnant and being propped-up with $10 TRILLION DOLLARS of borrowed
money that was used for creating FAKE GROWTH to make it look like we
were doing better than we were, and EVEN THAT was unable to hide the
failure and the stagnation. Remember Obama had NEAR ZERO interest rate
on the $20 TRILLION dollars in debt that United States was duped by
Obama into building.

Now we have JOBS and GDP, and that's while the interest rates are NO
LONGER AT Obama's FAKE, ZERO PERCENT INTEREST RATES.

TRUMP and the American's are NOW having to pay for Obama's failures,
Obviously had the ObamaRegime done what TRUMP is doing in the first year
or two, we'd have been better off.