In June 2016 Obama was campaigning on behalf of Hillary Clinton against Donald Trump. Obama suggested that manufacturing jobs were not coming back to the US. He said:
“Well, how exactly are you going to (bring those jobs back)? What exactly are you going to do? There’s no answer to it. (Trump) 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.”
Obama naturally failed to take into account that president Trump had proposed tried-and-true economic plans that have been proven correct in the last two years. The economy is doing great and manufacturing jobs are making a comeback.
So the “magic wand” is really economic common sense, which Democrats do not have. Taxes, regulations, corruption, labor union agitation and ‘green’ laws coming from the Democrats have been strangling the American economy for many decades.
Manufacturing jobs in the United States peaked at 19 million in 1979. These are the wealth-creating jobs that built the middle class. Today there are only 12.5 million manufacturing jobs in a much larger population. Thus Nikitas3.com calculates that up to 20 million manufacturing jobs have either been not created or destroyed since 1979.
That is changing under president Trump. Manufacturing jobs have been being created at a healthy clip since he was elected. This, however, is not going to bring back the middle class quickly. Trump policies will have to remain in effect for decades before we see a return to anything like 1960s prosperity, while Democrats openly oppose such policies.
But things are going in the right direction. Industry Week reports:
U.S. Steel Corp. opened May 2 with an announcement that it would invest more than $1 billion to upgrade its steelmaking capabilities in Pennsylvania and “secure the future for a new generation of steelworkers,” according to CEO David B. Burritt.
Hours later, the Pittsburgh-based steelmaker concluded the day by reporting 2019 first-quarter financials that showed net earnings of $54 million, compared with $18 million one year ago, on sales of $3.5 billion, up 11% from the previous year. U.S. Steel has scheduled an earnings call for Friday morning.
Thursday also saw President Donald Trump point to U.S. Steel’s investment as proof that steel tariffs are working. In a Thursday tweet he said, “Congrats to @U_S_Steel for investing $1+ BILLION in America’s most INNOVATIVE steel mill. 232 Tariffs make Pennsylvania and USA more prosperous/secure by bringing Steel and Aluminum industries BACK. Tariffs are working.”
U.S. Steel’s $1.2 billion capital investment is expansive. The manufacturer said it would construct a new endless casting and rolling facility at its Edgar Thomson Plant in Braddock, Pa., while a new cogeneration facility would be built at its Clairton Plant in Clairton, Pa. Both sites are part of the company’s Mon Valley Works.
This is big news for an industry that shrank for decades, and a little history is required to put it in perspective.
The US steel industry was largely killed off in the 1970s after decades of radical labor union activism – including strikes, outrageous wage demands and corruption – made American steel uncompetitive in the global market.
This coincided with Democrats’ relentless regulations and taxes, and ‘greenie’ laws that strangled US industry with outrageous pollution rules.
At the same time Japan started producing steel with lower-wage workers and then “dumping” cheap government-subsidized steel on the US market, further undercutting the US industry.
Today China produces HALF of the world’s steel. Thus the global market is open for US producers to take back a big chunk of it while employing tens of thousands of American workers at great middle-class wages. The US Steel investment is part of that plan. Industry Week continued:
U.S. Steel said the technology upgrade would, among other benefits, increase the steelmaker’s ability to serve new markets and improve environmental performance. Mon Valley Works also would become the primary source for the substrate for production of U.S. Steel’s advanced high strength steel. The new investment will not increase the company’s steelmaking capacity.
The United Steelworkers union welcomed the investment news. …
… The new cogeneration facility will convert a portion of the coke oven gas generated at U.S. Steel’s Clairton site to electricity to power facilities across its Mon Valley operations.
U.S. Steel also outlined significant environmental benefits of its investment, including an approximate 50% reduction in sulfur dioxide and 60% drop in particulate matter.
So let’s break this all down. First, the private-sector steel industry is doing all of this innovating, including a cleaner environment through modern technology. American steel innovation since the days of Andrew Carnegie created today’s global steel industry.
Second, president Trump is getting credit for the US Steel investment precisely as the Democrats scream about the debunked Russia hoax and look like fools. This is all good for Trump.
Third, Pennsylvania is a crucial electoral state. This investment is big news in Pennsylvania and is going to swing Pennsylvania to Trump in 2020, Nikitas3.com believes, as it already went for Trump in 2016.
Then notice the sentence, “The United Steelworkers union welcomed the investment news…”
So when labor unions start praising a Republican like Trump it is bad news for Democrats who generally expect the union vote. A statement by USW International president Leo Gerard also said:
“These investments will provide much-needed job security for current employees and future generations of Steelworkers at this historic and soon-to-be much more modern integrated steelmaking complex…”
This is great news for Trump. Rank-and-file unionized steelworkers have been breaking for decades with their Democrat leaders and voting Republican. So when a union leader starts praising Trump it is more good news for the president.
Chase Bank’s Nazi Connection
Chase Bank is an anti-Trump, anti-conservative corporation. Chase has historical ties to nazi extremists as do many of the anti-Trumpers like “antifa” which uses nazi-like violence tactics like beating Trump supporters in the streets. The Gateway Pundit reports:
James O’Keefe’s undercover investigative journalism outfit has uncovered some shocking truths behind why an Afro-Cuban conservative political activist’s (bank) account was abruptly shut down after years in good standing.
Through undercover video and phone call recordings, James O’Keefe III and Project Veritas was able to determine that Chase Bank has an unwritten internal policy of not doing business with and severing ties with accounts connected to the MAGA movement, President Trump, or other conservative leaning causes.
The operation was spurred by the “debanking” of Enrique Tarrio, the Afro-Cuban leader of the right-wing men’s group known as the Proud Boys.
Speaking to The Gateway Pundit exclusively, Tarrio expressed concern over Chase’s actions and applauded O’Keefe for telling his story.
“You are as good as dead without a bank account. To think that Chase Bank is actively shutting down accounts reminds me of the early rise of the Third Reich when Jews were being targeted behind the scenes in efforts similar to this. James O’Keefe and the team at Project Veritas have earned Pulitzer’s several times over with their expose work like this. It was a pleasure to work with them to find the truth and hold truth to power.”
Chase’s action is no surprise. Chase has historical ties to nazi extremism. The New York Times reported in 1998:
The Chase Manhattan Corporation said yesterday that it is investigating allegations that it froze accounts of Jewish customers in Paris during the Nazi occupation of France before formal orders to freeze the accounts were issued.
Chase, one of the largest American banks, said it was also examining whether its Paris office was ”overly cooperative in providing banking services to Germany during the Occupation” and whether assets seized by the Nazis and Vichy Government were ever returned.
Chase said that the allegations about its possible involvement in freezing accounts of its Jewish customers were first made in a recent program aired by the British Broadcasting Corporation.