Impressive gains in domestic manufacturing during the final three months of 2017 led to U.S. manufacturing performing at a level not seen since 2004, the Institute for Supply Management revealed this week.
The institute reported “its index of national factory activity jumped to a reading of 59.7 last month, the second-highest reading in six years, from 58.2 in November,” according to Reuters. “A reading above 50 indicates growth in manufacturing, which accounts for about 12 percent of the U.S. economy.”
The survey’s category for new factory orders likewise increased by 5.4 points to 69.4, a high not observed since January of 2004, Reuters reported.
Tim Fiore, the chairman of the ISM manufacturing business survey committee, was ecstatic.
“With a report like this, I can’t do anything but smile,” he said to The Kansas City Star.
I understand his sentiment. U.S. manufacturing is on fire right now, with 16 of 18 manufacturing industries having expanded in December alone, according to the Star.
In addition, the Federal Reserve confirmed “factory output in November had increased at an annual rate of 2.4 percent,” and the Census Bureau revealed that “(t)hrough the first 10 months of the year, factory orders have risen 5.6 percent,” according to the Star.
But I thought the media swore to us that manufacturing could never be revived?
“Manufacturing Jobs Are Never Coming Back,” a writer on FiveThirtyEight predicted a couple months before the presidential election last year, taking aim at then-GOP presidential nominee Donald Trump’s promise to revitalize America’s ailing industries.
And remember what then-President Barack Obama said?
“(W)ell, how exactly are you going to do that? What exactly are you going to do? There’s no answer to it,” Obama said during a PBS town hall event that June, also taking aim at Trump’s promise.
“He just says, ‘Well, I’m going to negotiate a better deal,'” Obama added. “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.”
Trump’s magic wand was “deregulation,” and according to sources on both the left and the right, it’s worked like a charm, spurring across-the-board job creation, including in the manufacturing sector.
Breitbart further notes that the latest ISM report comes amid an increase “in domestic business investment, a rise in American household spending and an improving global economy.”
This isn’t just winning, folks — it’s common-sense winning, i.e., the sort of winning America could have easily experienced between 2009 and 2016 had Obama stopped parroting faculty lounge liberals and started listening to the men and women who actually understand how businesses and jobs are created in this country.
For a man with such big ears, you’d think he would’ve been a better listener. But apparently not.
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