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The Goods-Producing Jobs Picture -- Trump Period Compared to Obama Period

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In the last 21 months, namely for all of 2017 and 2018 to date, there has been a sky-rocketing increase in goods-producing jobs compared to the prior 21 months.  These goods-producing jobs are jobs in mining, construction, and manufacturing.  Charles Payne pointed this out in Strongest Economy Ever?

Trump last 21 months:  825,000 new jobs

Obama prior 21 months:  275,000 new jobs

Remember that the “New Normal” economy under Obama was said to have no place for less-educated Americans except in the low-paying portion of the service economy.  Their unemployment rate was expected to remain high forever.  They were doomed to be replaced by robots to the extent that goods-producing jobs were even going to be part of our American economy.  Goods-producing jobs were said to be planet-destructive and therefore we should be happy to see them become extinct.  The Obama regulatory agencies were tasked with seeing that large segments of the goods-producing industries were driven into bankruptcy.  Besides, American goods-producing industries simply could not compete with the low-cost labor overseas it was said, so they were doomed anyway.

The reality is that goods-producing industries were doomed to extinction under Obama, but not under Trump.  It takes a murderous hand to kill off the economic vigor of Capitalism and Obama with his determination to transform America had just such a murderous hand on the neck of goods-producing American capitalists.  Trump simply stopped trying to strangle goods-producing American capitalists and they responded by increasing the rate of new goods-producing jobs by a factor of 3.

Now tell me that that difference is not critically important to a great many American workers and their families.  Tell me that healthy American goods-producing industries are not important to our national security.  I will have a hard time suppressing my laughter at such foolish notions.



Source: https://objectivistindividualist.blogspot.com/2018/10/the-goods-producing-jobs-picture-trump.html


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