In The Donald's "Contract with the American Voter," he promises seven actions "to protect the American worker."
- Lifting restrictions on the production of domestic energy resources, including shale oil, natural gas, and clean coal.
- Lifting Obama administration regulatory roadblocks to allow important energy infrastructure projects, like the Keystone Pipeline, to be completed.
Hyperbole or the real deal?
According to Mark Perry and Thomas Hemphill in U.S. News, it's the real deal.
Should The Donald as President Trump prove himself successful in reversing President Obama's Executive Orders as well as in getting Congress to get on board with his contract, promoting domestic energy production could yield significant economic dividends for the nation's manufactuing base in two ways:
- Stimulate economic activity in the U.S. and assist in reviving job creation in the energy sector, both for workers employed directly in oil and gas drilling and extraction activities as well as increased employment in all of the support activities for oil and gas operations.
- Extend low energy prices (currentlky 50% below Asia, Europe, and South America) that have made the U.S. one of the lowest-cost manufacturing locations in the world for energy-intensive production (e.g., American manufacturers using natural gas to produce chemicals, petrochemicals, fertilizer, plastics, pharmaceuticals, and fabrics) by offsetting higher U.S. labor costs and making energy-intensive manufactured goods competitive globally with countries like China, which have lower labor costs.
For those who believe The Donald is a non-politician huckster who uses hyperbole to garner votes, they had better think twice.
Perhaps the greatest days for the nation's manufacturing base are just around the corner not in the past. If they're just around the corner, image the dejection and desperation the anti-Trumpites will be experiencing when The Donald's success secures him a second term!
Let the discussion begin...
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