Among the issues most commonly discussed are individuality, the rights of the individual, the limits of legitimate government, morality, history, economics, government policy, science, business, education, health care, energy, and man-made global warming evaluations. My posts are aimed at intelligent and rational individuals, whose comments are very welcome.

"No matter how vast your knowledge or how modest, it is your own mind that has to acquire it." Ayn Rand

"Observe that the 'haves' are those who have freedom, and that it is freedom that the 'have-nots' have not." Ayn Rand

"The virtue involved in helping those one loves is not 'selflessness' or 'sacrifice', but integrity." Ayn Rand

04 October 2018

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

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 goods-producing jobs

Obama prior 21 months:  275,000 new goods-producing 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.