Contribute
CONNECT:

research

Trump’s Focus On The Economy Is Already Having A Positive Impact

- February 17, 2017

THIS WEEK, PRESIDENT TRUMP, WHO HAS ALREADY HAD A POSITIVE IMPACT ON THE ECONOMY, REAFFIRMED HIS COMMITMENT TO BRING JOBS BACK TO AMERICA

In A Speech At Boeing In South Carolina Today, President Trump Said That He Was Going To Bring Manufacturing And Jobs Back To The United States. PRESIDENT DONALD TRUMP: "We wanted to make much easier, it has to be, much easier to manufacture in our country and much harder to leave. I don't want companies leaving our country, making their product, selling it back, no tax, no nothing, firing everybody in our country. We're not letting that happen anymore, folks, believe me. There will be a very substantial penalty to be paid when they fire their people and move to another country, make the product and think that they're going to sell it back over what will soon be a very, very strong border. Going to be a lot different. It's going to be a lot different." (President Donald Trump, Remarks In North Charleston, SC, 2/17/17)

During Yesterday's Press Conference, President Trump Said That He Started Working To Bring Back Jobs TO America On The First Day Of His Administration. PRESIDENT DONALD TRUMP: "At home and abroad, a mess. Jobs are pouring out of the country; you see what's going on with all of the companies leaving our country, going to Mexico and other places, low pay, low wages, mass instability overseas, no matter where you look…Beginning on day one, our administration went to work to tackle these challenges." ("Transcript: Donald Trump's News Conference At White House," The Associated Press , 2/16/17)

President Trump Pledged To "Bring Our Jobs Back To This Country. Big League." PRESIDENT DONALD TRUMP: "So we've begun preparing to repeal and replace Obamacare, and are deep in the midst of negotiations on a very historic tax reform to bring our jobs back, to bring our jobs back to this country. Big league." ("Transcript: Donald Trump's News Conference At White House," The Associated Press , 2/16/17)

Major Companies Are Choosing To Re-Invest In America As A Direct Result Of President Trump's Policies And Meetings With Him

IndyStar Headline: "Donald Trump's Deal With Carrier Could Save 1,000 Jobs In Indianapolis." (James Briggs and Chelsea Schneider And Tony Cook, "Donald Trump's Deal With Carrier Could Save 1,000 Jobs In Indianapolis," IndyStar , 11/30/16)

President Trump Hosted The CEO Of Intel, Who Announced Plans To Build A New Factory That Will Provide "3,000 Direct High-Paying, High-Wage, High-Tech Jobs" "And Over 10,000 Jobs" For Support Staff. INTEL CEO BRIAN KRZANICH: "It's an honor to be here today representing Intel and to be able to announce our $7 billion investment in our newest, most advanced factory -- Fab 42 in Chandler, Arizona. We'll be completing that factory to make the most advanced 7-nanometer semiconductor chips on the planet... And Fab 42 is an investment in Intel, but also the U.S.'s future in innovation and leadership in the semiconductor industry. Fab 42 will employ approximately 3,000 direct high-paying, high-wage, high-tech jobs at its peak, and over 10,000 people in the Arizona area in support of the factory." ("Remarks by President Trump and Intel CEO Brian Krzanich on U.S. Jobs," The White House , 2/8/17)

CNN Headline: "Ford Cancels Mexico Plant. Will Create 700 U.S. Jobs In 'Vote Of Confidence' In Trump." (Heather Long and Poppy Harlow, "Ford Cancels Mexico Plant. Will Create 700 U.S. Jobs In 'Vote Of Confidence' In Trump," CNN , 1/3/17)

Sprint CEO Marcelo Claure: "We Are Excited To Work With President-Elect Trump And His Administration To Do Our Part To Drive Economic Growth And Create Jobs In The U.S." ("Sprint Announces Commitment To Create Or Bring Back To America 5,000 Jobs," Sprint Newsroom , 12/28/16)

  • Sprint Decided To Keep 5,000 Jobs In The United States. "President-elect Donald Trump on Wednesday took credit for Sprint's decision to keep 5,000 jobs in the United States, as well as OneWeb's plan to add 3,000 jobs in the U.S. Trump said the deal 'was done through' SoftBank CEO Masayoshi Son, a Japanese billionaire and technology investor." (Jacob Pramuk, "Trump Takes Credit For spring Plan To Keep 5,000 Jobs In The U.S.," CNBC , 12/29/16)

The Washington Times Headline: "U.S. Steel CEO Mario Longhi Praises Trump, Offers To Rehire Laid-Off Workers." (Jessica Chasmar, "U.S. Steel CEO Mario Longhi Praises Trump, Offers To Rehire Laid-Off Workers," The Washington Times , 12/8/16)

  • Reuters Headline: "U.S. Steel Could Restore Up To 10,000 U.S. Jobs - CEO Tells CNBC." (Ankit Ajmera, "U.S. Steel Could Restore Up To 10,000 U.S. Jobs - CEO Tells CNBC," CNBC , 12/7/16)
  • Amazon Announced It Was Planning To Add More Than 100,000 Jobs In The U.S. Over The Next 18 Months. "Amazon.com Inc. on Thursday said it plans to create more than 100,000 full-time jobs in the U.S. within the next 18 months, leveraging plans already in the works in part to patch up its contentious relationship with President-elect Donald Trump. The additional jobs would swell Amazon's U.S. workforce to 280,000, compared with 30,000 in 2011." (Laura Stevens, "Amazon Touts Job-Creation Plans, Patching Up Rift With Trump," The Wall Street Journal , 1/12/17)

After Meeting With President-Elect Trump, The CEO Of Lockheed Martin Said The Company Would Be Adding 1,800 Jobs At Its Fort Worth Facility. "The chief executive of Lockheed Martin, Marillyn A. Hewson, said on Friday that the company was 'very close to a deal' to reduce the cost of the new F-35 fighter jet, after weeks of talks with President-elect Donald J. Trump and his team about the plane. Ms. Hewson, speaking after a meeting with Mr. Trump at Trump Tower, also pledged to add 1,800 jobs at the Lockheed Martin's Fort Worth location, although she did not provide specifics." (Christopher Drew, "Lockheed Chief Pledges Lower Costs For F-35 Fighter Jet And Add 1,800 Jobs," The New York Times , 1/13/17)

Amazon CEO Jeff Bezos Made The Announcement After Meeting With President-Elect Trump In December At Trump Tower, And Incoming White House Press Secretary Sean Spicer Said Trump Was "Pleased To Have Played A Role" In Amazon's Announcement. "While the company, in its press release, did not mention Trump by name, the Washington state tech giant joins a list of companies that have during the presidential-transition period announced plans to add workers in the U.S. Trump has personally pushed for the firms to take such steps, including reaching out individually to U.S. companies and has celebrated his role in the announcements, including some that had been planned before he was elected. Trump is 'pleased to have played a role' in the Amazon hiring pledge, Sean Spicer, a spokesman for the transition said today on a conference call with reporters. Amazon CEO Jeff Bezos was an attendee at a high-level meeting of tech executives with the president-elect at Trump Tower last month." (Nancy Scola, "Amazon Joins Wave Of Companies Announcing Job Growth Plans," Politico , 1/12/17)

Hyundai Motor Group Announced It Would Be Boosting Its Investment In The U.S. By $3.1 Billion Over Five Years, A 50 Percent Increase, And May Build A New U.S. Plant. "The Hyundai Motor Group said it plans to lift U.S. investment by 50 percent to $3.1 billion over five years and may build a new plant there - the latest auto firm to announce fresh spending after President-elect Donald Trump threatened to tax imports." (Hyunjoo Jin, "Hyundai Motor To Boost U .S. Investment As Automakers Respond To Trump," Reuters , 1/17/17)

  • Hyundai Motor President Chung Jin-Haeng Said That The Company Expects "A Boost In The U.S. Economy And Increased Demand" As A Result Of Trump's Presidency. "The planned U.S. investment by South Korea's two largest automakers is about 50 percent more than the $2.1 billion they spent in the previous five-year period, Hyundai Motor President Chung Jin-haeng told reporters in Seoul on Tuesday. The group is considering building a new factory in the U.S. and may produce Hyundai Motor's upscale Genesis vehicles and a U.S.-specific SUV in the country, said the executive, who also oversees the strategic planning for Kia. 'We expect a boost in the U.S. economy and increased demand for various models as President-elect Trump follows through on his promise to create one million jobs in five years,' Chung said." (Sohee Kim, "Hyundai-Kia To Invest $3.1 Billion In U.S., Mull New Plant," Bloomberg , 1/17/17)

President Trump Is Taking Action To Keep Positive Economic Trends Moving In The Right Direction

On His First Day In Office, President Trump Issued A Presidential Memorandum Ordering A "Regulatory Freeze." "Subject to any exceptions the Director or Acting Director of the Office of Management and Budget allows for emergency situations or other urgent circumstances relating to health, safety, financial, or national security matters, or otherwise, send no regulation to the Office of the Federal Register until a department or agency head appointed or designated by the President after noon on January 20, 2017, reviews and approves the regulation." ("Memorandum For The Heads Of Executive Departments And Agencies," The White House , 1/20/17)

In His First Week In Office, President Trump Issued A Presidential Memorandum "Streamlining Permitting And Reducing Regulatory Burdens For Domestic Manufacturing." "This memorandum directs executive departments and agencies to support the expansion of manufacturing in the United States through expedited reviews of and approvals for proposals to construct or expand manufacturing facilities and through reductions in regulatory burdens affecting domestic manufacturing." ("Presidential Memorandum Streamlining Permitting And Reducing Regulatory Burdens For Domestic Manufacturing," The White House , 1/24/17)

In His First Week In Office, President Trump Announced "The Manufacturing Jobs Initiative," Which Allows "Some Of The World's Most Successful And Creative Business Leaders To Share Their Experiences And Gain Their Insights." "President Trump announced today that as part of his overall job creation agenda he will launch a Manufacturing Jobs Initiative. The President will be meeting with some of the world's most successful and creative business leaders to share their experiences and gain their insights." ("President Trump Announces Manufacturing Jobs Initiative," The White House , 1/27/17)

In His First Week In Office, President Trump Issued A Presidential Memorandum Ordering The Use Of American-Made Raw Materials And Equipment To Build Pipelines Located In The U.S. "The Secretary of Commerce, in consultation with all relevant executive departments and agencies, shall develop a plan under which all new pipelines, as well as retrofitted, repaired, or expanded pipelines, inside the borders of the United States, including portions of pipelines, use materials and equipment produced in the United States, to the maximum extent possible and to the extent permitted by law." ("Presidential Memorandum Regarding Construction Of American Pipelines," The White House , 1/24/17)

In His Second Week In Office, President Trump Issued An Executive Order "Reducing Regulation And Controlling Regulatory Costs" By Requiring That For Every One New Regulation Issued Two Must Be Repealed. "Toward that end, it is important that for every one new regulation issued, at least two prior regulations be identified for elimination, and that the cost of planned regulations be prudently managed and controlled through a budgeting process." ("Presidential Executive Order On Reducing Regulation And Controlling Regulatory Costs," The White House , 1/30/17)

In His Fourth Week In Office, President Trump Signed Into Law A Bill "Eliminating A Costly Regulation That Threatened To Put Domestic Extraction Companies And Their Employees At An Unfair Disadvantage." "Today, President Donald J. Trump signed legislation (House Joint Resolution 41) eliminating a costly regulation that threatened to put domestic extraction companies and their employees at an unfair disadvantage." (Press Release, "President Trump: Cutting Red Tape For American Businesses," The White House , 2/14/17)

  • This Bill Will Save Businesses As Much As $600 Million In Regulatory Compliance Costs. "This legislation could save American businesses as much as $600 million annually in regulatory compliance costs and spare them 200,000 hours of paperwork." (Press Release, "President Trump: Cutting Red Tape For American Businesses," The White House , 2/14/17)

Markets Are Responding Positively To Trump's Pro-Business Approach

Business Insider : "Consumer Confidence Has Surged In The Wake Of The US Election, As Improved Outlooks For Growth And Jobs Have Bolstered The Index." "Consumer confidence has surged in the wake of the US election, as improved outlooks for growth and jobs have bolstered the index." (Bob Bryan, "Consumer Confidence Soars To The Highest Level In 12 Years," Business Insider , 1/27/17)

According To Gallup, In The Immediate Aftermath Of The Election, Americans' Confidence In The U.S. Economy Rose Sharply By 13 Points. "Americans' confidence in the U.S. economy increased sharply after the election, moving from a slightly negative evaluation (-10) to a slightly positive one (+3). Gallup's U.S. Economic Confidence Index had been consistently negative throughout the year leading up to the election." (Justin McCarthy and Jeffrey M. Jones, "U.S. Economic Confidence Surges After Election," Gallup , 11/15/16)

Consumer Confidence Remained Near Its 15 Year High In January "Amid Sturdy Job And Income Growth." "Consumer confidence dipped in January but remained near a 15-year high amid sturdy job and income growth, cheap gasoline and near record stocks. A closely watched index of Americans' outlook declined to 111.8 from 113.3 in December, the Conference Board said Tuesday." (Paul Davidson, "Consumer Confidence Falls In Jan., Still Near 15-Year High," USA Today , 1/31/17)

"President Donald Trump's Promises To Grow The Economy, Cut Taxes, And Create More Job Opportunities Have Propelled Sentiment" In A Positive Direction. "While President Donald Trump's promises to grow the economy, cut taxes and create more job opportunities have propelled sentiment, attitudes will be ultimately defined by proof of economic improvement." (Patricia Laya, "Consumer Sentiment In U.S. Increased In January To 13-Year High," Bloomberg , 1/27/17)

  • "Consumers Reported Much More Positive Assessments Of Their Current Financial Situation" And "Anticipated The Most Positive Outlook For Their Personal Finances In More Than A Decade." "'Importantly, consumers reported much more positive assessments of their current financial situation due to gains in both incomes and household wealth, and anticipated the most positive outlook for their personal finances in more than a decade,' Richard Curtin, director of the consumer survey, said in a statement." (Patricia Laya, "Consumer Sentiment In U.S. Increased In January To 13-Year High," Bloomberg , 1/27/17)

Expectations For The Next Six Months Improved From 89.5 In December To 90.3 In January. "The gauge of expectations six months from now climbed to 90.3 from 89.5 in December and up from a preliminary January figure of 88.9." (Patricia Laya, "Consumer Sentiment In U.S. Increased In January To 13-Year High," Bloomberg , 1/27/17)


Previous post

Seema Verma: A Healthy Choice To Lead CMS

Next post

What They Are Saying About David Friedman At Today's Confirmation Hearing
Republican National Committee

Connect With Us

Republican National Committee
Chairwoman Ronna McDaniel
News & Videos
  • 310 First Street SE, Washington, DC 20003
  • 202-863-8500

By providing your phone number, you are consenting to receive calls and SMS/MMS msgs, including autodialed and automated calls and texts, to that number from the Republican National Committee. Msg&data rates may apply. Terms & conditions/privacy policy apply 80810-info.com.

Paid for by the Republican National Committee. Not Authorized By Any Candidate Or Candidate's Committee. www.gop.com

By providing your phone number, you are consenting to receive calls and SMS/MMS msgs, including autodialed and automated calls and texts, to that number from the Republican National Committee. Msg&data rates may apply. Terms & conditions/privacy policy apply 80810-info.com.

Paid for by the Republican National Committee.
Not Authorized By Any Candidate Or Candidate's Committee. www.gop.com