By Wayne Allyn Root
It’s time for a victory lap. As the great Mohammed Ali said, “It ain’t bragging if you can back it up.”
At Fox News Opinion, I predicted back in July 2015 (days after Trump declared for president) that Donald Trump would be the greatest jobs creator ever- for black Americans, Hispanic Americans, females, gays, Muslims. In short, I predicted President Trump would create jobs for EVERYONE including his worst critics. See:
I predicted under President Trump there’d be a job in every pot.
And not just any jobs. Obama created nothing but crappy part-time, low-wage jobs. I predicted Trump would produce full-time middle class jobs.
Don’t look now, but it’s all happened. Trump is our generation’s Reagan. Reagan was my hero. I can’t believe I’m saying this, but…
Trump may actually be better than Reagan.
Reagan produced millions of good-paying middle class jobs, unprecedented prosperity and the greatest economic expansion in world history. Trump is on track to surpass Reagan’s economic success.
Let’s start with the May jobs report. US job growth sharply accelerated. Nonfarm payrolls increased by 223,000, smashing expectations by 33,000 jobs.
Manufacturing gained 18,000 jobs. Construction gained 25,000 jobs. Mining gained almost 6000 jobs.
The jobless rate is now 3.8%, the lowest since November of 1969. Yes, I said 1969.
Black unemployment is the lowest ever.
Hispanic unemployment is the lowest ever.
Female unemployment is the lowest in over half a century.
I’m sure gays and Muslims are enjoying record low unemployment too- there just isn’t a measurement for those groups.
Wages are up 2.7% for the year. Happy Days are here again. A wage increase of any size was just a rumor in eight years under Obama.
But wait. I haven’t gotten to the really good news yet!
The number of full-time jobs rose by 904,000 for the month of May. That’s the biggest monthly increase this century.
We also lost 625,000 low quality, low wage part-time jobs. I call them “Obama jobs.” Good riddance.
When liberals praised Obama for creating jobs, I pointed out his own former Chief Economic Advisor proved an overwhelming majority of those jobs created under Obama were crappy, low-wage, part-time jobs. In the Obama era every new job required food stamps and free healthcare to survive.
“The Trump Miracle” produces the exact opposite of Obama. With Trump’s economy, its all about full-time, high-wage jobs.
But wait, there’s more good news.
*GDP (Gross Domestic Product) is the only real way to measure if an economy is healthy, or not. The Fed just predicted GDP for the 2nd quarter will be a blistering 4.8%.
That’s a number not seen since the days of Reagan.
*The USA has moved back to #1 in the world in the global economic competitiveness index. Thanks to President Trump’s massive tax cuts and killing of regulations, we’re now ahead of booming economies like Singapore, Hong Kong and Switzerland.
*A record 35% of small businesses reported paying higher wages to employees last month. 74% of employers plan to pay $11 per hour or higher, compared to 53% a year ago. Small business is exploding under Trump.
Why is all of this happening? First, Trump cut taxes dramatically, so now business owners can afford to share the wealth.
Secondly, Trump is killing regulations at the fastest pace of any president in history, so business owners can spend our money on paying higher wages, instead of on lawyer bills.
And third, here’s the big one: Trump’s strict immigration policies are working overtime (excuse the pun). 40% of employers are using E-verify to hire only legal American citizens- up from 25% last year. Trump’s policies are super-charging the economy for American citizens, not illegals.
Now to a little personal example. I’m on the front lines of the economy. I have no safe job, no safe paycheck, no pension. I am a small businessman and entrepreneur. Which means I spend my life pitching deals and hustling 24/7. I’m the perfect laboratory experiment to tell you if the economy is working, or not.
Under Obama I pitched many deals, but never raised one dollar in eight long years. Nothing. Zip. Nada. Zero. There was no life, no pulse, no hope under Obama for entrepreneurs like me.
It was a dynamic economy for illegal aliens, and people on welfare or food stamps. But for the job creators, financial risk-takers and business owners, it was a disaster.
Everything has changed under Trump. The world of money has opened up. Everyone is buying again. Everyone is writing checks again. I’m the living proof. I’m raising money for business deals- and groups are banging down my doors to invest. Investors are begging me to take their checks. That never happened in eight long years under Obama.
It’s a new day under President Trump. We are free to make money again. We are free to practice capitalism without guilt. The sun is out. The skies are blue. There’s a job in every pot. The Trump Miracle lives.
President Donald J. Trump should be the runaway winner of the 2018 Nobel Economic Prize.
And yes, so far, he’s even better than Reagan.
Wayne Allyn Root is the host of “WAR Now: The Wayne Allyn Root Show” on Newsmax TV, nightly at 8 PM ET, found on DirecTV channel 349, Dish TV channel 216, or at http://www.newsmaxtv.com/Shows/The-Wayne-Allyn-Root-Show He is also a nationally syndicated radio host of “WAR Now: The Wayne Allyn Root Show” found at http://usaradio.com/wayne-allyn-root/