How the Trump Economic Miracle Shatters the Left

Nice article. Full of objective facts.

https://www.washingtontimes.com/news/2019/jan/9/how-the-trump-economic-miracle-shatters-the-left/

The Trump economy is firing on all cylinders, which means only one thing: The left is petrified.

Last week brought economic news so good that it sent the Democrats and their fellow travelers in the Resistance Media into full bury-then-ignore mode. Their pathological hatred of the president blocks them from reporting the truth about the booming economy he is delivering, lest it make him look good (heaven forfend) and help him politically (a fate worse than death).

They also know that since it’s always “the economy, Stupid,” they’d be damaging his potential 2020 opponent, which must be avoided at all costs.

Given the dazzling December economic data, it’s no wonder the press gave it short shrift. According to the U.S. Bureau of Labor Statistics, the economy added a whopping 312,000 jobs, far more than the expected 176,000. After revisions, job gains have averaged an impressive 254,000 per month over the past three months. Job growth in 2018 (an average of 220,000 per month) passed that of both 2016 (195,000) and 2017 (182,000). Payrolls increased by 2.6 million in 2018, the highest since 2015.

The sunny jobs picture encouraged 419,000 new workers to enter the workforce and sent the labor force participation rate up to 63.1 percent. Unemployment rates among blacks, Latinos and women are at or near historic lows.

Job growth has also meant significant wage growth. Wages are up a stunning 3.2 percent from last year and .4 percent from November. December was the third straight month that the yearlong growth in nominal average hourly earnings was above 3 percent in nearly a decade; the last time we saw that trend was April 2009. Wages are also being given an assist by inflation being kept in check.

The jobs boom is being felt across most major sectors: Construction (a reliable indicator of economic growth) added 38,000 jobs in December and saw a total of 280,000 new jobs in 2018. Retail added 24,000 jobs in December, with 92,000 for the year. Health care jobs increased by 50,000 last month and by 346,000 for the year.

And perhaps the most politically and economically important of them all: Manufacturing added 32,000 jobs in December and a stunning 284,000 new jobs in 2018. That represents an increase of 12 percent over 2017, and a major achievement for Mr. Trump.

During the eight years of Barack Obama’s presidency, the only sector that experienced consistently expanding job growth was government. At the same time, he presided over the net loss of 210,000 manufacturing jobs.

In mid-2016, Mr. Obama was asked about the loss of those jobs, and candidate Trump’s promise to bring them back. “Well, how exactly are you going to do that?” Mr. Obama asked. “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?” Mr. Obama continued. “What magic wand do you have? And usually the answer is, he doesn’t have an answer.”

Turns out Mr. Trump did have an answer. It was to ratchet down the globalism Mr. Obama and his fellow elites insisted was inevitable and move to put America — its workers, taxpayers, industries and interests — first.

Mr. Trump’s “magic wand” was simple economic common sense: Pro-growth policies of tax cuts, widespread deregulation, unleashing the energy sector and renegotiating trade policies that had long decimated American manufacturing (another thing the elites told us couldn’t be done).

During the campaign, Mr. Trump’s economic agenda was roundly derided and dismissed as unfair and unworkable by Mr. Obama, Hillary Clinton and countless other ruling class overlords. They knew that Mr. Trump mustn’t be allowed to win the presidency, for they knew that if these policies were to take root, they would work. The economy would grow, jobs would return, manufacturing would boom, international trading partners that had long taken advantage of the United States would begin negotiating, prosperity would reappear and yes, America would be made great again.

This they could not abide, which explains at least in part their dark, frantic machinations to prevent his election, and post-November 2016, to hobble his ability to govern effectively.

His astounding economic track record is their worst nightmare. It puts the lie to the nonsense Mr. Obama, the Democrats and the media have been shoveling for years: That anemic economic growth, high unemployment, the collapse of manufacturing and grotesque trade imbalances were the “new normal.”

It also pointedly demonstrates that the statist vision — radical wealth redistribution, socialized medicine, green energy chimeras, social justice enforcement, limits on free speech, private property and gun ownership, and the rule of the leftist mob — creates only tyranny, poverty, injustice and servitude. (Note the deflection: These are things the left claims to want to eradicate.)

Mr. Trump and his economic thunderbolt are exposing the left and its policies as irredeemably bankrupt, economically and morally. And that is perhaps the biggest reason why they must try to destroy him.

• Monica Crowley is a columnist for the Washington Times.

 

Turns out, if you give more money to folks, they enjoy it. But, there is a price, and we could have to pay that, when it is the WORST time.

And, it is shaping up to be that worst of times, economically, and we will wish we still had the money Trump threw at corps.

 

Very interesting writing style

 

this is a rather silly thread, since it has been shown to trumpets over and over and over again, that the economy has been on the same exact upward trend for the past 9 years. NOTHING has changed under trump. It is a continuation of the same economic trend of the past 9 years.

 

Hmmmm..... after due consideration, nope. Not even a little bit right. Obama crushed confidence, which artificially stymied the economy. Folks couldn't count on Obama, and so they didn't bet on expansion. Now that Obama is gone, folks are down right exuberant. Call Barry the buzz kill of the century because, he was. And anything that remotely resembles optimism is going to be rewarded in the economy.

 

Thanks for your opinion lol

 

Sounds like, the fear of the threat, GINNED up by Republicans, of how LIBS are evil, is what you base that on.

 

nope. the economy has been on the same upward trend for 9 years

 

Facts. Lots of data points that demonstrate this. Clearly, more than just opinion.

 

I just gave you the facts and data points which refuted your claim. The economy has been on the same upward trend for 9 years. This is objective fact. There is no debate about that point.

 

Nah... I actually compared business sentiment and actual financial results. But hey, it that's what works for you....

 

umm..... I guess you don't understand trajectory. It's ok... It's complicated. I don't expect everyone to understand...

 

you understand of course that the charts I gave you, from the BLS, completely destroy your position. They quite clearly show the upward trend of the economy. You can see this perfectly well in the charts. The trajectory is perfectly clear. Hand waving away that data, or pretending it doesn't exist, will not alter reality.

Your claim has been thoroughly debunked. Sorry.

 

Facts... Dow Jones

 

Facts...



Consumer Confidence

 

LOL! If you were right you'd easily be able to show us the inflection points in unemployment, wages, etc
Where are they again?

 

Unemployment is down from ~5% to less than `4%. since 2016. Wages are up. ~12.5 % since 2016. Still want to play this game?

 

nope.........



Stock market reached record highs under Obama. the trend continued with trump. Your claims have been thoroughly debunked

 

UE was cut in half under Obama. the UE trend continued under trump. This is reality. The economy has been on the same upward trend for 9 years.

 

Trump just signed the new Farm Bill (Actually, this deserves its own thread)

Liberals are just plain stupid or blatantly dishonest if they don't understand how much Trump has helped improve the economic landscape for everyone.

 

"How the Trump Economic Miracle Shatters the Left"

I am not sure in the long run the economy will survive Trump sadly, trump took on a growing economy and now it's starting to slow under the strain of Trumpism

 

Do you know what an inflection point is? Without one your argument is proven false.

 

no, its just that you guys don't seem to want to acknowledge reality. Every single economic indicator shows the economy has been on the same upward trend for 9 years.

 

We'll see. Removing and/or easing regulations and lower taxes will certainly have a positive effect. Full blown trade war, not so much. Unfortunately trump cant get out of his own way on trade. Unless someone can bludgeon some sense into him it will be our economic downfall.

 

agree, some regulations were not needed, others just move the cost to the tax payers rather then the corporation to clean up their mess