Back in 2016, none of the pundits or Democrats in power thought Trump had any shot of winning. So, they decided to sit back and mock him instead of take him seriously as he won primary after primary.
Do you remember this video of Obama laughing about Trump’s economic policy?
From Federalist Papers:
“When somebody says, like the person you just mentioned who I’m not going to advertise for, that he’s going to bring all these jobs back, well, how exactly are you going to do that?
What are you going to do?
There’s no answer to it.
He just says, well, I’m going to negotiate a better deal.
How exactly are you going to negotiate that? What magic wand do you have and usually the answer is he doesn’t have an answer.”
No Barack. Trump doesn’t need a magic want because he actually has the ability and the knowledge to get the job done.
The proof is in the pudding. The economy is roaring and the jobs have come back. That’s especially true in manufacturing.
Over the last 12 months, manufacturers have added 224,000 jobs. That’s the biggest annual gain since 1998, according to Wall Street economist Joe LaVorgna. Since the 2016 election, the economy has added 263,000 manufacturing jobs. Last month, 31,000 new manufacturing jobs came online.
It wasn’t supposed to be this way, according to the Very Wise People. Donald Trump’s promises to bring back manufacturing jobs was widely derided as impossible, and his supporters were mocked as suckers.
“Manufacturing jobs are never coming back,” Ben Casselman of FiveThirtyEight declared in the summer of 2016.
“The manufacturing sector is adding jobs at a faster pace than the rest of the economy, which hasn’t happened much over the past half-century,” Justin Fox writes at BloombergView.
It’s clear that a number of the Trump policies and Trump-related phenomenon are helping:
The massive tax cut on businesses appears to be helping a lot and may have even started helping before it was passed.
The perception that the regulatory environment will no longer be a drag on businesses, particularly manufacturing businesses.
The revival of domestic oil and gas, another key Trump campaign promise, contributes to manufacturing jobs.
Consumers sentiment and business optimism are at or near decades-long record highs.
Manufacturers know Trump has their back and will make efforts to aid their export efforts and fend off cheap imports.
Foreign manufacturers are moving jobs into the U.S. in hopes of avoiding tariffs they fear are coming.
Trump didn’t need to wave a magic wand he just needed to start enacting common sense economic policies.
So far, so good.
You know that Obama is feeling a little embarrassed right now for all of the silly things he said about Trump in 2016. Remember this gem?
That’s gotta hurt now looking back on it.