Trump's brand of 'magic wand' credited for thriving economy

Friday, January 25, 2019
 | 
Chris Woodward (OneNewsNow.com)

Trump "cuts" red tapePresident Donald Trump may be in the headlines for many things, but a conservative leader says the chief executive deserves more credit for the economy.

"Our country has been in a state of not just recovery but from fundamental transformation economically – and I mean that in a good way," says Rick Manning, president of Americans for Limited Government. "We've increased 500,000 manufacturing jobs in the past two years alone, 4.8 million jobs overall in the past two years; so we're looking at something that's occurring that is almost unprecedented in that many people believe we were at full employment when the Obama administration ended."

Manning also touts significant wage growth in recent months.

To be sure, Manning says Trump – who took office on January 20, 2017 – doesn't create jobs. Instead, his policies allow for growth beyond anything seen during the Obama administration.

Manning

"President Obama very simply, in 2016, said Trump doesn't have a 'magic wand' to make all this stuff occur," says Manning. "Well, we found out two years later that ... the magic wand is actually scissors that cut taxes, cut regulations, and cut bad trade deals that were strangling the American economy. By doing that, Trump has allowed the American economy to naturally thrive – and that's what we're seeing."

On Thursday, it was reported that the number of people seeking jobless benefits dropped last week to the lowest level since November 1969 – a sign the job market remains strong despite the partial government shutdown, now in its fifth week.

Related article by Rick Manning:
True Trump legacy renewed economy, restored hope

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