Monday, December 19, 2016

The Rust Belt blames Obama, and rightly so

"Donald Trump hasn’t wasted time moving to revive America’s economic growth, with an emphasis on manufacturing. Critics may say the recent Carrier deal, which will save 800 American jobs, is small potatoes, but Mr. Trump’s pledge to reduce regulation is decidedly not. A new analysis confirms that the average industry’s regulatory risk has increased nearly 80% from 2010—and that this burden particularly hurts manufacturing and heavy industry. . . as regulatory risks grew and capital expenditures shrank, major corporations also cut jobs by more than 1.1 million. Among the biggest losers were heavy manufacturing, airlines, railroads, information technology and consumer products—America’s industrial core." The Rust Belt is Right to blame Obama, Wall Street Journal, Dec. 18, 2016

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