The November jobs report and updated October numbers have crushed all expectations. The Trump Administration’s America First policies added 193,000 jobs in October; 266,000 in November; that’s 7 million all told since 2016. That’s more jobs than the population of Indiana.
The gains are so extraordinary that some economic experts have gone on the record saying America is so strong President Donald Trump could walk away from the table with China. Perhaps no one stated that expectations-shattering growth better than Assistant Secretary of Public Affairs at the U.S. Treasury Department Monica Crowley.
“Boom! These jobs numbers are absolutely incredible and breathtaking in the number of jobs being created and as you point out the historically low unemployment rate across the board,” Crowley reportedly said.
“What it shows is President Trump’s economic freedom agenda is working, literally working, as a record number of Americans are in the workforce, and unemployment is at a 50-year low. Unemployment among key groups — African-Americans, Hispanic Americans, Asian Americans, and women — are at or near all-time lows.”
Unlike the previous administration that purged good-paying jobs in sectors such as manufacturing and replaced them with low-wage service industry positions, the Trump Administration has done what Obama said was impossible.
The manufacturing sector continues to gain traction, and October orders upticked. Machinery orders increased by 1.2 percent, mining and drilling surged by 10 percent, electronics improved by 0.6 percent, and American furniture jumped up by 3.2 percent. Despite the phony propaganda arguing against bringing China to heel on trade, the cost of products such as appliances went down.
“Since the president’s election in November 2016, the economy has added more than 7 million jobs,” Crowley reportedly said. “This is more than the entire population of Massachusetts last year. It’s also 5.1 million more jobs than the Congressional Budget Office, CBO, projected in its final forecast before the 2016 election. What it shows is common sense economic policies based on freedom work. Tax cuts, deregulation, unleashing the energy sector, and trying to realign international trade—all of which this president promised during the campaign, all of which he has delivered. That, in turn, is delivering us this incredible economy.”
While Democrats are scurrying to find negatives about, perhaps, the best economy in half a century, even left-leaning economists are admitting that the robust jobs report delivers Trump Administration trade negotiators with an unparalleled position of strength over China. The tariffs continue to cripple the Asian superpower’s economy while the U.S. has outpaced all expectations.
“This positive number could delay any US/China trade agreement, as signs of a stronger US economy will embolden US negotiators,” Chris Gaffney, president of World Markets at TIAA Bank, reportedly stated.
White House National Economic Council Advisor Larry Kudlow echoed the sentiments that the U.S. is operating from a position of strength and President Trump would not accept a subpar deal.
“The president has said many times if the deal is no good, if the assurances with respect to preventing future thefts, if the enforcement procedure is no good, he has said we will not go for it. We will walk away,” Kudlow reportedly said. However, he indicated that phase one of a deal is “close.”
The idea that the United States could hold the high ground on China sounded like science fiction in 2016 after faltering to the number two world economy. America is now number one and truly great again.