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Andrew F. Puzder

Getting America Back to Work

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  • b5966209605membuat kutipan4 tahun yang lalu
    President Obama pursued failed policies because of his mistaken belief that he could use government power to mandate prosperity through laws and executive orders. Unfortunately, that belief blinded him to the vast potential of enterprising individuals in a free market economy.
  • b5966209605membuat kutipan4 tahun yang lalu
    Perhaps the most telling thing about the Trump Boom is the fact that, despite President Trump having reversed virtually every one of President Obama’s economic policies, both Obama and his former Vice President Joe Biden – now the Democrats’ presumptive presidential nominee – have repeatedly attempted to take credit for it.
  • b5966209605membuat kutipan4 tahun yang lalu
    Although the mainstream media claimed otherwise, income inequality declined in 2018 (the most recent year for which we have the data) while median household income hit new highs.
  • b5966209605membuat kutipan4 tahun yang lalu
    The bottom line is that a little more than a year after Trump took office, we went from an economy where the biggest problem was workers being unable to find good paying jobs to one where the biggest problem was businesses being unable to find enough workers
  • b5966209605membuat kutipan4 tahun yang lalu
    a result, in August of 2018 yearly wages increased 3 percent for the first time since April of 2009. They didn’t stop there. Wages increased 3 percent or better for twenty consecutive months. The long-anticipated wage growth economists expected during the Obama years had finally arrived, nineteen months after Obama left office.
  • b5966209605membuat kutipan4 tahun yang lalu
    Perhaps most notably, also beginning in March of 2018 and continuing for the next twenty-four months, there were more job openings than people unemployed for the first time since the government began reporting the data.
  • b5966209605membuat kutipan4 tahun yang lalu
    while Baby Boomers were undoubtedly still retiring, labor participation increased under Trump from 62.7 percent in January of 2018 to 63.4 percent by February of 2020.
  • b5966209605membuat kutipan4 tahun yang lalu
    The strong labor market helped everyone. In 2019, unemployment hit lows not seen since the government began reporting the data for African Americans, Hispanics, Asians, and people with only a high school education. For women the unemployment rate hit a sixty-five-year low, and for teenagers (aged 16–19) it hit a fifty-year low.
  • b5966209605membuat kutipan4 tahun yang lalu
    October of 2019, the White House announced that the Trump administration had actually cut 8.5 regulations for every new one, “slash[ing] regulatory costs by nearly $50 billion, with savings reaching $220 billion once major actions are fully implemented.”
  • b5966209605membuat kutipan4 tahun yang lalu
    y the end of 2019, the page total in the Federal Registry of Regulations had dropped to just under 73,000, an over 25 percent reduction from Obama’s nearly 100,000 pages.
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