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Trump in Detroit: I want to keep jobs and wealth in America.

Donald Trump’s speech to the Economic Club of Detroit was another clarion call to America’s forgotten working Trump speechfamilies to vote for Trump – and it was also another reminder that, despite the establishment media narrative to the contrary, there is real substance to the Trump vision for America’s economic renewal. 

Yesterday, we analyzed Donald Trump’s tax plan and his indictment of Hillary Clinton and Barack Obama from the economic growth perspective, but Trump also pointed out some other startling economic statistics that are the direct result of the Obama – Democratic Party attack on American business and industry:

...let’s look at what the Obama-Clinton policies have done nationally. 

Their policies produced 1.2% growth, the weakest so-called recovery since the Great Depression, and a doubling of the national debt. 

There are now 94.3 million Americans outside the labor force. It was 80.5 million when President Obama took office, an increase of nearly 14 million people. 

The Obama-Clinton agenda of tax, spend and regulate has created a silent nation of jobless Americans. 

Home ownership is at its lowest rate in 51 years. 

Nearly 12 million have been added to the food stamp rolls since President Obama took office. Another nearly 7 million Americans were added to the ranks of those in poverty. 

We have the lowest labor force participation rates in four decades. 

58 percent of African-American youth are either outside the labor force or not employed. 

1 in 5 American households do not have a single member in the labor force. These are the real unemployment numbers – the five percent figure is one of the biggest hoaxes in modern politics. 

Meanwhile, American households are earning more than $4,000 less today than they were sixteen years ago. 

Much of this disaster for America’s working families may be attributed to “regulatory drag” suggested Trump, “In 2015 alone, the Obama Administration unilaterally issued more than 2,000 new regulations – each a hidden tax on American consumers, and a massive lead weight on the American economy. It is time to remove the anchor dragging us down.” 

Trump further pointed-out that this regulatory drag costs the economy some $2 trillion a year

To put that in perspective $2 trillion is a little more than the approximate market capitalization of Apple ($551 billion), Microsoft ($445 billion), Amazon ($362 billion), ExxonMobil ($356 billion), and Google ($200 billion). 

Meaning that if that cash was annually put back into the productive economy instead of government regulation we could literally capitalize five world class employers every year

Put another way, Walmart, America’s largest private employer, has a market cap of approximately $227 billion, the company employs 2,200,000 workers – with the $2 trillion dollars in regulatory drag pumped back into the private economy we could capitalize four companies the size of Walmart – every year.  

Hillary Clinton can’t and won’t talk about deregulation, because anti-constitutional regulations are how liberals surreptitiously impose their will upon the rest of society.  Donald Trump is the only candidate talking about this and committing to address it, specifically Trump said:

Upon taking office, I will issue a temporary moratorium on new agency regulations. My running mate, Mike Pence, signed a similar order when he became governor of Indiana. This will give our American companies the certainty they need to reinvest in our community, get cash off of the sidelines, start hiring for new jobs, and expanding businesses. I will also immediately cancel all illegal and overreaching executive orders. 

Trump also said that, after a review, he would rollback regulations “which are not necessary, do not improve public safety, and which needlessly kill jobs.” 

It is impossible to overemphasize how important Trump’s commitment to end the Obama – Clinton regulatory war on business is to economic growth and job creation. 

On election eve 1980, Ronald Reagan said this before ushering in one of the greatest decades of economic growth America has ever seen, “That's why I am confident we can effect the reforms I have mentioned—reforms that will get government off our backs, out of our pockets and up to the standards of decency and excellence envisioned by the founding fathers.” 

The message Reagan sent to business was more than a set of growth-oriented policies; it was a commitment to end the Democrats’ war on job creation and economic success and it gave business the confidence necessary to go on a decade-long hiring and investment spree that spawned some of today’s most successful companies. 

Donald Trump’s message is the same kind of reassurance Reagan delivered to entrepreneurs and business builders who look at today’s Obama-led war on success and job creation and see one of the more depressing chapters of Ayn Rand’s Atlas Shrugged playing out in real time. 

There is much more in Donald Trump’s speech to the Economic Club of Detroit that is worth reviewing and comparing to what Hillary Clinton will offer to accompany her already-pledged tax increase on the middle class. We urge you to read the speech in its entirety by clicking this link.

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