Did you see the latest jobs report? It dwarfs anything we’ve seen from Trump’s presidency so far. The numbers are outright massive, and even the most liberal media outlets have had to begrudgingly admit that the Trump economy is firing on all cylinders. On the surface, it’s all good news. But, when you compare Trump’s economy to Obama’s, it will lead you to a frightening conclusion. Being right and winning can come at a price.
If we’re going to do this justice, we have to start with the raw data. The February jobs report had several newsworthy components. Chief among them was the 313,000 new jobs added to the economy. This happened in the face of 4.1-percent unemployment. It was the biggest single month in gains since July of 2016.
Here’s the thing. That July number included 70,000 striking Verizon employees returning to the workforce. To find a month that truly had more than 300,000 new jobs, we have to venture back to November of 2014. At that time, unemployment was around 6 percent, and hiring workers was much easier. To create this many jobs in the current economic climate doesn’t just defy expectations; it exceeds every economists wildest dreams.
That isn’t even the best part. The biggest job creators were manufacturing and construction. Manufacturing has effectively bounced back completely from the unravelling efforts of the previous administration. And, this happened in the face of major trade disputes between the U.S. and some of her biggest partners.
Tax cuts are bringing jobs back faster than the left can try to cry wolf! As for construction, it tends to swell in the summer and shrink in the winter. These numbers aren’t built on the hope of infrastructure spending. They’re the direct result of a booming economy.
Backing up the huge job growth is near record levels of unemployment. This is true for minorities as well. Black American unemployment is just a tenth of a point higher than the all-time low seen in December. The same is true for Hispanic Americans. The labor force participation rate jumped to the highest level seen in years, and wage growth is steady.
January saw more wage growth (largely due to local minimum wage bumps and a slew of tax-related pay raises), but February still stayed noticeably above more recent trends. In every way you can measure it, this was an enormous month for jobs and the economy. You might notice that it happened exactly as Trump and proponents of the tax cuts said it would.
More Good News
The release of the report didn’t just tell us that Americans are finally doing well again. It also helped the major stock indexes rally. Fears of too-fast inflation have been abated. The Fed is now expected to stay on schedule with incremental interest hikes. GDP forecasts are now predicting 2018 to exceed 3-percent growth. This would be the first time since the recession hit in 2007.
All of these reports have solidified after Trump signed his first aluminum and steel tariff. That means his trade policies, so far, have had absolutely no negative impact on the economy. Now that we have a good base for where the economy is going and how Trump has directly impacted it, it’s time to make some comparisons.
Obama and Trump, Side by Side
There’s a lot to unpack, so let’s start with February. Summer months and Christmas season are known to be hotter seasons for economic growth and jobs gains. Yet, Obama’s eight years never included a February that can compare to what we just saw. He only enjoyed a handful of months with more than 300,000 new jobs, and that was when job markets weren’t highly saturated.
In fact, he signed a $787 billion dollar stimulus package in February of 2009, and still his best February enjoyed only 267,000 new jobs. He literally couldn’t buy as many new jobs with government money, and this proves the ultimate point. Socialism and socialism-based policies can never compete with American capitalism. It has worked for centuries, and no other effort in human history comes close.
The Lying Left
You’ve seen these points before. You already know why Trump is so much better for the country than Obama. What you are probably overlooking is the danger that presents. Every time Trump wins, he further proves that Obama and all of his supporters were lying the whole time. This is by far his biggest win yet, and a number of follow up wins are in the works.
The indoctrination of the left is not easily diffused. They won’t simply acknowledge the superior policies and vote sensibly. Instead, they will recognize that they have embraced a failing ideology, and they will resort to every level of desperation to preserve it.
Despite the success of the current regime, we are headed into dangerous territory. The bulk of Americans are happy to embrace the booming economy and rising prosperity. They are ready to recognize that sound economics will always do more to combat poverty and suffering than bloated government programs. The majority will soon be clamoring for reduced entitlement and government spending.
The problem lies in progressivism. Progressives comprise the largest radical group in America. They outnumber Muslims and refugees. They even eclipse illegal immigrants. The actions of groups like Antifa have already shown us how dangerous progressives can be. They are feeling mounting pressure, and they don’t hold to an ideology that can face that pressure with poise. There will be violence. It will be driven by the progressives, and they will still have strong support in mainstream media to try and cover the mess.
Steel yourself. Look past the surface, and don’t be fooled by the mainstream lies. Enjoy the economy. Appreciate the semblance of effective government that is starting to form. But, don’t take it for granted. The moment you let your guard down is the moment we lose this war and everything we have finally built in the absence of Obama.
