The Magic Wand Economy.

**fava** · January 13th, 2018, 1:45 pm

President Obama reacted to candidate Trumps pledge to bring manufacturing jobs back to the US with:

“Well, how exactly are you going to do that? What exactly are you going to do? There’s no answer to it," Obama said.
"He just says, 'Well, I’m going to negotiate a better deal.' Well, what, 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.”
http://thehill.com/blogs/blog-briefi...nd-do-you-have

President Obama attempted to bring those jobs back and mostly failed as the records indicate:
Manufacturing employment was 12,258,000 in October 2016, according to the most recent estimates from the U.S. Bureau of Labor Statistics. That’s down 303,000 from the number employed in January 2009, the same month that Obama was sworn in as president.
https://www.factcheck.org/2016/12/ob...acturing-jobs/

In fact, the CEO of Apple told him manufacturing jobs were not coming back when Obama made a personal plea to him:

But as Steve Jobs of Apple spoke, Obama interrupted with an inquiry of his own: What would it take to make iPhones in the United States? Not long ago, Apple boasted that its products were made in America. Today, few are. Almost all of the 70 million iPhones, 30 million iPads and 59 million other products Apple sold last year were manufactured overseas.

Why can’t that work come home? Obama asked.

Jobs’ reply was unambiguous. “Those jobs aren’t coming back,” he said, according to another dinner guest.
http://www.heraldtribune.com/news/20...ing-back-to-us
The other 'experts' President Obama relied on all sand the same chorus:
KRUGMAN: No matter what Trump does, manufacturing jobs are not coming back to the US
http://www.businessinsider.com/krugm...-trump-2016-11
Manufacturing Jobs Aren't Coming Back, No Matter Who's President
https://www.npr.org/sections/money/2...whos-president

A plea to presidential candidates: Stop talking about bringing manufacturing jobs back from China. In fact, talk a lot less about manufacturing, period.
https://fivethirtyeight.com/features...r-coming-back/

But along came President Trump and his magic wand:
196,000 Manufacturing Jobs Added in 2017
https://www.cnsnews.com/news/article...facturing-2017

And, to add to the embarrassment:
Apple creates 2,000 jobs shifting production back to US
https://www.theguardian.com/technolo...newable-energy

Of course, progressives are never embarrassed. They move from one failed prediction to the next.

**ImRightYoureWrong** · January 13th, 2018, 2:12 pm

Originally Posted by peek-a-boo

The economy is on fire under Trump, yet he nor anyone in the Government, created a single job.

The private sector creates jobs.

The economy is on fire in anticipation of Trump's pro business agenda. He has opened oil exploration, is eliminating hundreds of burdensome regulations and he has followed through with his tax cuts.

My prediction is that we will see 3+% GDP for the next few quarters. Something Obama could only have dreamed about.

Lmao you literally just proved jezcoes point

**fava** · January 13th, 2018, 2:13 pm

Originally Posted by ImRightYoureWrong

And yet, Obama created more jobs in 2016 than Trump dud in 2017. Hahahaha

Service jobs vs manufacturing jobs. You are welcome.

**peek-a-boo** · January 13th, 2018, 2:15 pm

Originally Posted by ImRightYoureWrong

Lmao you literally just proved jezcoes point

What point was that?

Jobs is but a single measure. The economy is on fire and it has nothing to do with Obama.

**Gooddad409** · January 13th, 2018, 2:18 pm

Originally Posted by jezcoe

Then what did Trump do?

This is why I am laughing at you guys.

You take pretty much the same jobs numbers under both President's and one is bad and the other is good.

Have some consistency.

He has eliminated approximately 35 percent of the government regulations for starters which has been followed with tax cuts.

The market just exploded upward immediately following the election knowing that the mill stone that had been around their necks for 8 years was about to be removed and replaced by a businessman.

The market has gone up 40 percent since election night in (a mammoth rise) based on optimism and the promises and policies of Trump.

Obama added 10 trillion to the debt and in spite of that only managed an average of about 1.8 percent growth(life support).

We have just have 3 consecutive quarters of 3 percent growth in President trump's very 1st year.

**ImRightYoureWrong** · January 13th, 2018, 2:19 pm

Originally Posted by fava

Service jobs vs manufacturing jobs. You are welcome.

Read the thread lol

**jezcoe** · January 13th, 2018, 2:21 pm

Originally Posted by Gooddad409

He has eliminated approximately 35 percent of the government regulations for starters which has been followed with tax cuts.

The market just exploded upward immediately following the election knowing that the mill stone that had been around their necks for 8 years was about to be removed and replaced by a businessman.

The market has gone up 40 percent since election night in (a mammoth rise) based on optimism and the promises and policies of Trump.

Obama added 10 trillion to the debt and in spite of that only managed an average of about 1.8 percent growth.

We have just have 3 consecutive quarters of 3 percent growth in President trump's very 1st year.

The market is built on air and stock buybacks.

It has been for a while now.

This has nothing to do who the President is.

The other day I saw that there is a financial vehicle that is a double leveraged futures play on bitcoin.

If that doesn't signify a bubble I don't know what does.

**FreeAndClear** · January 13th, 2018, 2:26 pm

Originally Posted by peek-a-boo

So exactly what did Obama do to create those jobs, given that Government doesn't create jobs?

You may want to ask that of the OP

**FreeAndClear** · January 13th, 2018, 2:26 pm

Originally Posted by Gooddad409

He has eliminated approximately 35 percent of the government regulations for starters which has been followed with tax cuts.

The market just exploded upward immediately following the election knowing that the mill stone that had been around their necks for 8 years was about to be removed and replaced by a businessman.

The market has gone up 40 percent since election night in (a mammoth rise) based on optimism and the promises and policies of Trump.

Obama added 10 trillion to the debt and in spite of that only managed an average of about 1.8 percent growth(life support).

We have just have 3 consecutive quarters of 3 percent growth in President trump's very 1st year.

35 percent of government regulations? Where did you get this number?

**fava** · January 13th, 2018, 3:44 pm

Originally Posted by ImRightYoureWrong

We're you very impressed in 2014?

“What we have to do is to make sure that folks are trained for the jobs that are coming in now because manufacturing jobs of the past are just not going to come back.” President Obama

**fava** · January 13th, 2018, 3:45 pm

Originally Posted by FreeAndClear

You may want to ask that of the OP

The OP did not say the manufacturing jobs were not coming back.

**force_field** · January 13th, 2018, 3:47 pm

Originally Posted by Gooddad409

Obama's comments are to be expected from a fool who's only real experience was in being a community agitator.

He knows nothing about business and it showed for 8 painfully long years.

You mean except for when he created more jobs than Trump?

**Mobulis** · January 13th, 2018, 3:48 pm

Originally Posted by peek-a-boo

So exactly what did Obama do to create those jobs, given that Government doesn't create jobs?

Every corp that has military contracts would say your full of ****.

**fava** · January 13th, 2018, 3:52 pm

Originally Posted by jezcoe

Then what did Trump do?

This is why I am laughing at you guys.

You take pretty much the same jobs numbers under both President's and one is bad and the other is good.

Have some consistency.

“What we have to do is to make sure that folks are trained for the jobs that are coming in now because manufacturing jobs of the past are just not going to come back.” President Obama

Trump simply removed the can't do negativity from the equation and installed a new dynamic of lower taxes and less regulation in its place.

**fava** · January 13th, 2018, 3:53 pm

Originally Posted by force_field

You mean except for when he created more jobs than Trump?

“What we have to do is to make sure that folks are trained for the jobs that are coming in now because manufacturing jobs of the past are just not going to come back.” President Obama

Enjoyed flipping those burgers, did you?

**jezcoe** · January 13th, 2018, 3:55 pm

Originally Posted by fava

“What we have to do is to make sure that folks are trained for the jobs that are coming in now because manufacturing jobs of the past are just not going to come back.” President Obama

Trump simply removed the can't do negativity from the equation and installed a new dynamic of lower taxes and less regulation in its place.

That positivity has created marginally fewer jobs.

So there is that.