{"id":16471,"date":"2016-12-03T10:13:52","date_gmt":"2016-12-03T10:13:52","guid":{"rendered":"http:\/\/www.biphoo.com\/bipnews\/?p=16471"},"modified":"2016-12-03T10:13:52","modified_gmt":"2016-12-03T10:13:52","slug":"why-trump-gets-more-hype-out-of-1000-jobs-than-obama-does-out-of-16-million-2","status":"publish","type":"post","link":"https:\/\/www.biphoo.com\/bipnews\/business\/why-trump-gets-more-hype-out-of-1000-jobs-than-obama-does-out-of-16-million-2.html","title":{"rendered":"Why Trump gets more hype out of 1000 jobs than Obama does out of 16 million"},"content":{"rendered":"

Why Trump gets more hype out of 1000 jobs than Obama does out of 16 million<\/span><\/strong><\/span><\/h2>\n

Why Trump gets more hype out of 1000 jobs than Obama does out of 16 million:-<\/strong> At least for a moment, \u00adPresident-elect Donald Trump appeared to achieve this week what President Obama struggled to do for most of the past eight years: convince Americans that he can fix the economy.<\/span><\/p>\n

Cheering crowds greeted Trump during his victory lap through the Rust Belt this week following the announcement that the nation\u2019s new negotiator-in-chief had struck a deal with heating and air conditioner manufacturer Carrier to keep a factory in Indiana from moving to Mexico. The agreement affected roughly 1,000 jobs and provided Trump the opportunity to deliver on a powerful campaign promise even before taking office.<\/span><\/p>\n

The plant is just a sliver compared with the nearly 16 million new jobs generated under Obama as he guided the country out of the worst economic crisis since the Depression. But Obama\u2019s success came in fits and starts, illustrated by graphs and pie charts, driven by the philosophy that strengthening the economy required comprehensive new policies.<\/span><\/p>\n

Trump\u2019s hype of his first victory, on the other hand, suggests that he will embrace the bully pulpit to push an agenda grounded as much in emotion as economics, if not more.<\/span><\/p>\n

\u201cI think what he did in Indiana . . . was good theater,\u201d said David Axelrod, head of the Institute of Politics at the University of Chicago and a former senior adviser to Obama. \u201cFrom an optics standpoint, he profited from it.\u201d<\/span><\/p>\n

Trump will enter the Oval Office with a significant advantage over his predecessor. New government data released Friday showed that the national unemployment rate dropped to 4.6 percent last month, the lowest level since President George W. Bush sat in the White House in 2007. The economy added 178,000 jobs, extending the longest streak of monthly job growth on record.<\/span><\/p>\n

More-stubborn indicators of the economy\u2019s health, such as wage growth, have finally begun to pick up. Discouraged workers are returning to the labor force. And many of the jobs created over the past two years have been in higher-paying industries.<\/span><\/p>\n

\u201cIt is night and day between the economy we inherited and the one we are passing off,\u201d Deputy Labor Secretary Chris Lu said in an interview.<\/span><\/p>\n

The painful financial crisis in 2008 forced Obama to spend his first years in office conducting economic triage, including controversial decisions to bail out the nation\u2019s largest banks and rescue the troubled auto industry.<\/span><\/p>\n

In addition, the recovery from the Great Recession has been excruciatingly slow and uneven. Many workers felt left behind amid broader progress in the economy \u2014 a vein of frustration that Trump tapped into during the campaign.<\/span><\/p>\n

\u201cIt was tremendously costly to Obama to have to catch a falling knife, basically,\u201d said Jared Bernstein, senior fellow at the Center for Budget and Policy Priorities and a former economic adviser to Vice President Biden. \u201cPretty quickly our message became: \u2018Things would\u2019ve been worse had it not been for our interventions.\u2019 That\u2019s gotta be one of the hardest messages to try to sell.\u201d<\/span><\/p>\n

In the final months of his presidency, Obama\u2019s message \u00adfinally appears to be sinking in. A recent Gallup poll shows that his approval rating has jumped over the past two years as job growth picked up and the unemployment rate fell more quickly.<\/span><\/p>\n

But in an interview with the New York Times early this year, the president acknowledged missed opportunities. \u201cWe were moving so fast early on that we couldn\u2019t take victory laps,\u201d he said. \u201cWe couldn\u2019t explain everything we were doing.\u201d<\/span><\/p>\n

Trump, however, displayed his mastery of the victory lap \u2014 and domination of the news cycle \u2014 over the past week and a half.<\/span><\/p>\n

He tweeted on Thanksgiving that he was working to save Carrier jobs, and when the deal came together, he visited the factory. Then he flew to Cincinnati for what he dubbed his \u201cThank You Tour.\u201d There, he called for an end to an \u201cera of economic surrender,\u201d took an obligatory jibe at former president Bill Clinton and his Democratic opponent in the election, Hillary Clinton, for supporting the North American Free Trade Agreement, and pledged to bring more jobs back to the Rust Belt.<\/span><\/p>\n

He kept up the pressure Friday. After the government\u2019s monthly jobs report was released, his transition team issued a statement highlighting the 4,000 manufacturing jobs lost in November and pointed out that roughly 300,000 have disappeared since Obama took office. It called the deal with Carrier a \u201cpreview\u201d of Trump\u2019s agenda.<\/span><\/p>\n

\u201cI think what this really does is it puts down a marker that they\u2019re going to be willing to pick up the phone and make phone calls and do everything that they can to keep companies here and to keep American jobs here,\u201d Trump spokesman Jason Miller told reporters.<\/span><\/p>\n

Although the jobs numbers involved in the Carrier deal were small \u2014 and saved in part by $7 million in Indiana tax subsidies \u2014 they may offer Trump\u2019s voters a sense of validation. And the move could send a message to other corporate executives that if they decide to shift jobs overseas or otherwise thumb their nose at the new administration\u2019s policies, they could draw Trump\u2019s public wrath.<\/span><\/p>\n

But there are plenty of risks to Trump\u2019s strategy. His economic policy proposals have yet to be fleshed out, and he could face criticism if the robust economy begins to slow under his watch. Companies could also seek to exploit the new spotlight on keeping jobs in the United States, threatening to leave if not given incentives.<\/span><\/p>\n

Even Trump said this week that he didn\u2019t recall promising to save the jobs at the Carrier plant \u2014 and was reminded only when he saw a clip of himself stating just that on television.<\/span><\/p>\n

\u201cWhether people feel better in their lives \u2014 whether in fact they will be better in their lives \u2014 is going to be the ultimate test,\u201d Axelrod said. \u201cThis isn\u2019t, after all, a TV show.\u201d<\/span><\/p>\n

For the factory\u2019s workers, the pledge was very real. Taylor Howard, who has worked there for three years, said in an interview in Indianapolis that she had started looking for another job before learning the factory would stay open. She was still wary of the terms Trump may have negotiated but hoped for the best.<\/span><\/p>\n

\u201cIt might be a little bit of a publicity stunt, to tell you the truth,\u201d Howard said. \u201cBut if it ends up on the up and up, that\u2019s noble of him.\u201d<\/span><\/p>\n

Source:-https:\/\/www.washingtonpost.com\/business\/economy\/why-trump-gets-more-hype-out-of-1000-jobs-than-obama-did-out-of-16-million\/2016\/12\/02\/1bd7ac10-b8cd-11e6-959c-172c82123976_story.html?tid=pm_business_pop&utm_term=.5662acc70a34<\/span><\/p>\n

\n\t\t\t
\n\t\t\t <\/div><\/div>\n\t\t