2017: The Year America Roared Back: President Trump's First Year in Statistics
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A look at the first year in statistics for President Donald Trump after a rocky campaign and stunning election. How the economy, employment, trade, manufacturing, and collective confidence grew in 2017.
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2017 - J. Preta Simon
2017
The Year America Roared Back
President Trump's First Year in Statistics
J. Preta Simon
2017 The Year America Roared Back: President Trump's First Year in Statistics
Copyright © 2018 J. Preta Simon. All Rights Reserved.
No part of this publication may be reproduced, stored in a retrieval system, or transmitted in any form or by any means, electronic, digital, mechanical or photocopying, recording, scanning, or otherwise, except for inclusion in a review or as permitted under Sections 107 and 108 of the United States Copyright Act, without either prior written permission of the Publisher, or authorization through payment of the appropriate per-copy fee to Discovery Docx.
This publication is from news and government documents available to the public.
Published 2018 in the United States by Discovery Docx
ISBN 9781370392124 (e)
2017: The Year America Roared Back: President Trump's First Year in Statistics
The presidential election in 2016 began with a plunge in U.S. stock markets before the voting was decided. As voters made their selections for president, the Dow Jones Industrial Average opened at18251.38, dropped to 18200, rose to 18400, and closed at 18332.74. It finished the week at 18847.66.
But despite the temporary tanking of markets outlook on November 8, 2016, a rally was on the horizon. From that day, markets sped in upwardly directions all across the boards. Consumer confidence rose and public sector outlook began to shift into a buoyant promise lacking over the last administration. What had appeared as many people's lost hope took new direction, one that some news outlets decidedly ignored. That hope hung on the newly elected president.
However, Donald J. Trump began moving chess pieces into strategic order long before he took his oath of office that following January 2017.
After the U.S. had lost five million jobs since 2000, some companies were eager to return to their origins. High business taxes and increasing regulations had strangulated business growth and driven many companies offshore, and employees and owners had suffered, albeit for different reasons. After the presidential election, the U.S. business world began to look different, even before Donald Trump officially took the helm. One of these was Bayer AG, which, after meeting with Trump, stated it would create thousands of jobs in the U.S. Bayer AG also stated it would put $8 billion in agricultural research into the U.S. over the next six years. The General Motors Co. confirmed to invest $1 billion into its U.S. manufacturing, and Hyundai Motor Co. pledged another $3.1 billion in existing American manufacturing. Wal-Mart planned to add 10,000 U.S. jobs in 2017 and Amazon another 100,000 fulltime U.S. jobs over the next eighteen months.
President-Elect Trump also met with Carrier Corp. to keep 1,000 jobs in Indiana. Ford rerouted a planned Mexico plant to Flat Rock, Michigan, adding 700 U.S. jobs and $700 million in investment. IBM announced that not only was it canceling a planned massive layoff, but would invest $1 billion in the U.S. over the next four years and add 25,000 new U.S.-based jobs. Sprint decided to add another 5,000 U.S. jobs onto the previous 5,000 promised jobs.
President-Elect Trump also put his deal-making skills to use in negotiating deals with Lockheed Martin Corp., which lowered the cost of producing the F-35 fighter plane and added another 1,800 workers to the Texas plant to build them. Masayoshi Son of SoftBank from Japan agreed to invest $50 billion dollars in the U.S., bringing in 50,000 jobs.
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