Trump economy has to frighten Democrat politicians

Monica Crowley:
The Trump economy is firing on all cylinders, which means only one thing: The left is petrified.

Last week brought economic news so good that it sent the Democrats and their fellow travelers in the Resistance Media into full bury-then-ignore mode. Their pathological hatred of the president blocks them from reporting the truth about the booming economy he is delivering, lest it make him look good (heaven forfend) and help him politically (a fate worse than death).

They also know that since it’s always “the economy, Stupid,” they’d be damaging his potential 2020 opponent, which must be avoided at all costs.

Given the dazzling December economic data, it’s no wonder the press gave it short shrift. According to the U.S. Bureau of Labor Statistics, the economy added a whopping 312,000 jobs, far more than the expected 176,000. After revisions, job gains have averaged an impressive 254,000 per month over the past three months. Job growth in 2018 (an average of 220,000 per month) passed that of both 2016 (195,000) and 2017 (182,000). Payrolls increased by 2.6 million in 2018, the highest since 2015.

The sunny jobs picture encouraged 419,000 new workers to enter the workforce and sent the labor force participation rate up to 63.1 percent. Unemployment rates among blacks, Latinos and women are at or near historic lows.

Job growth has also meant significant wage growth. Wages are up a stunning 3.2 percent from last year and .4 percent from November. December was the third straight month that the yearlong growth in nominal average hourly earnings was above 3 percent in nearly a decade; the last time we saw that trend was April 2009. Wages are also being given an assist by inflation being kept in check.

The jobs boom is being felt across most major sectors: Construction (a reliable indicator of economic growth) added 38,000 jobs in December and saw a total of 280,000 new jobs in 2018. Retail added 24,000 jobs in December, with 92,000 for the year. Health care jobs increased by 50,000 last month and by 346,000 for the year.

And perhaps the most politically and economically important of them all: Manufacturing added 32,000 jobs in December and a stunning 284,000 new jobs in 2018. That represents an increase of 12 percent over 2017, and a major achievement for Mr. Trump.

During the eight years of Barack Obama’s presidency, the only sector that experienced consistently expanding job growth was government. At the same time, he presided over the net loss of 210,000 manufacturing jobs.
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There is more.

Democrat politicians have become desperate to reverse the course that has produced this economic "miracle."  They want to reverse the tax cuts and the regulatory reductions which led to this growth.  They would also like to reverse Trump's trade policies which have spurred the growth in manufacturing jobs.   They would also like to reverse Trump energy policies which are finally reaching the point of energy independence for the US.  The Democrats are trying to end prosperity.

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