All of the jobs we’re hearing about coming back to life could have happened under Barack Obama, but he and his administration were more interested in pushing government dependence rather than government making a friendly environment for the private sector to grow.
Obama and his cronies spent all of their political capital coming up with ways to punish the job creators, which in the end always punishes middle class workers. What they were able to do was enforce a “get evenism” environment to make their base happy, but they angered the majority of the middle class at the same time. All the Obama administration had to do was back off and the private sector would have taken care of itself much faster than it has over the last eight years. Instead, it almost seems like the narrative was if we the government can’t get the credit for prosperity then there will be no prosperity. That’s an evil mentality when you think of the enormity of damage they’ve done to the working class.
This is what happens when you elect people who are in way over their head.
While Trump understood what gets the private sector moving, Hillary Clinton and Barack Obama were out of their element.
It was right there in front of their faces for the last eight years. Obama could have been the working man’s hero, but instead, he will go down as the worst economic president of our lifetime, not reaching 3% growth in all eight years of his presidency.
And the liberals wonder why Trump won.
United States Steel would like to accelerate its investments and hire back laid-off employees now that Donald Trump will be occupying the Oval Office, CEO Mario Longhi told CNBC on Wednesday.
“We already structured to do some things, but when you see in the near future improvement to the tax laws, improvements to regulation, those two things by themselves may be a significant driver to what we’re going to do,” he said in an interview with CNBC’s “Power Lunch.”
In addition, the belief that the U.S. economy can grow at least 3.5 percent also adds to what the company can do, Longhi noted.
“I’d be more than happy to bring back the employees we’ve been forced to lay off during that depressive period,” he said, which could be close to 10,000 jobs.
Shares of the Pittsburgh-based company have soared about 80 percent since Trump’s stunning victory on Nov. 8. Investors appear to be betting on increased infrastructure spending, which the president-elect has promised, as well as further restrictions on China-produced steel.
Corporate America is also cheering Trump’s promises of less regulation. Longhi said regulation has a role to play, but believes it “has to be done smartly.”
“When you get into some situations where we’re being asked to control some substances in water that are far lower than what nature naturally offers, that’s irrational,” he said.
“There was a point in time in the past couple years that I was having to hire more lawyers to try to interpret these new regulations than I was hiring … engineers. That doesn’t make any sense.”