The Department of Labor announced that 209,000 new non-agricultural jobs were created last month, as compared to analysts’ projections of 175,000. (Agricultural jobs are generally extracted, because they are seasonal, and vary by region of the country.) The unemployment rate dropped incrementally to 4.3%, from 4.4%.
Donald Trump, as usual, claimed credit for the employment uptick, as well as the stock market slowly edging upward, past 22,000 on the Dow. But, let’s put the economy into context! What part of Donald Trump’s Agenda did he sign into law, which might have stimulated the economy, created an uptick in the labor market, or removed the disruption and uncertainty that has surrounded the Trump Regime, since Day One? Not a damn thing! Also, it’s lucky for America that he hasn’t!
Consider his Economic Agenda. His Tax “Reform” is not a reform; rather, it just replaces the Bush Tax Cuts, for the Top Two Percent, which had expired in 2010. He talks about a needed Infrastructure Plan; but, where is it? And, his Trade Policy is complete lunacy: opting-out of the Trans-Pacific Partnership and enabling China to join, and probably take our leadership role; while, at the same time, he is also disrupting our trading agreements and strategic alliances with Canada and Mexico, and he has alienated the entire Continent of Europe. No, Donald, you have not accomplished anything, at all! And, perhaps, that’s to our good fortune!
Your predecessor assumed an economy with the worst Recession since The Great Depression of the 1930s, a 10.0% unemployment rate, and a stock market, which had dropped by more than 50% in the previous 18 months. He went to work, rolled-up his sleeves, fought the Republicans who lectured him and obstructed him every step of the way. But, President Obama got things turned-around, and without a Tweet or a photo-op!
I believe, Donald, that if you check with your Secretary of Labor, you will find that the continued growth of the economy is due to the fact that the U. S. has just enjoyed its 83rd straight month of growth in a row. Oh and by the way, President Obama saved General Motors and Chrysler Corporation, and kept 1.9 million Americans working.
Employees of those companies, including their parts and component suppliers, finance subsidiaries, insurance companies, dealerships, etc, continued working, paying taxes and contributing to our economic growth. So Donald, don’t you dare pretend to take credit for President’s Obama’s great economic accomplishments!