It’s the economy, stupid. We’ve heard the phrase so many times over the past 25 years that it has descended into cliché if not outright parody. But it’s been repeated so often because it highlights a basic truth about politics: jobs matter. And since the election, the job growth has been extraordinary.Democrats have been telling themselves (and the country, for that matter) that the Obama "recovery" has been doing just fine, thank you, as the employments rolls drop, because of discourage workers . It's not that much of a problem in the blue world, where government keeps spending tax money, and the elite institutions continue on much the way they have for decades. But out in the red world, manufacturing jobs have been failing, energy production has been interfered with by government fiat.
It’s been so strong that it prompted Jamie Dimon, president and CEO of Chase, the nation’s largest bank, a registered Democrat and Hillary Clinton supporter, to back President Trump’s economic agenda. Dimon declared it has “woken up the animal spirits” in the United States. His comments came in the midst of a spate of good economic news released this week.
Trump himself tweeted, “Great Again: +235,000” after the Labor Department reported a higher than expected 235,000 new jobs were created in February. This came on the heels of a report earlier in the week from ADP and Moody’s Analytics showing 298,000 new private sector jobs in the same month. Better yet, the Labor Department report showed strong wage growth and that 340,000 workers who sensed better prospects came off the sidelines and re-entered the workforce. This addresses a key critique of the weak Obama era recovery after the 2008 financial panic: namely, that the low reported unemployment rate was misleading because of the large number of working age Americans who stopped looking for work and were therefore not counted in official government unemployment statistics.
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Against the new administration’s ambitious goals, Democrats are stuck with increasingly transparent attempts to undermine the president with phony narratives endlessly repeated by their media surrogates. The stranglehold the mainstream media had on American opinion was broken long ago and Americans understand the game played by the Progressive Left-Democrat-Media opinion complex. And they either look for other sources of news and opinion or they discount for the expected collusion when they hear Democrat talking points repeated as objective fact.
Has Trump turned the ship away before it hit the iceberg? It's far too early to say yet, but the signs are hopeful that business has responded to his election and his proposals in a way that will make a difference.
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