US manufacturing entering a ‘golden era’ under Trump, says auto parts billionaire and NFL owner

Dec 2014
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6,444
The Milky Way
Jobs that Øbama said were never coming back, a sentiment echoed by Hillary Clinton.

MAGA





  • U.S. manufacturing has “never been better,” says Shahid Khan, owner of auto parts supplier Flex-N-Gate.
  • “We’re entering the ... golden area for American manufacturing right now,” he says.
  • Khan adds the manufacturing sector has received a boost from President Donald Trump.

Shahid Khan, an auto parts billionaire who also owns the NFL’s Jacksonville Jaguars, is extremely encouraged by the state of manufacturing in the United States.

“I’ve been in an auto parts factory for 50 years. Times in the U.S. have never been better,” Khan said on “Squawk on the Street” on Thursday. “We’re entering the ... golden area for American manufacturing right now.”


Khan, owner of Illinois-based auto parts supplier Flex-N-Gate, said the past few years under President Donald Trump has benefited the manufacturing sector.

“What we’ve gone through here over the last few years ... on investments, interest rates, I’m super pumped and excited,” said Khan, whose company has supplied parts to the likes of General Motors, Ford and Tesla.

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Libertine

Moderator
Apr 2015
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Katmandu
Yes, but you have a well established reputation for not seeing anything that you don't want to see.
An you are known to fall for click bait headlines and citing data you don't understand.

Manufacturing jobs went from 12,852,000 to 12,850,000.

How many GM workers are on strike?


"Employment in other major industries, including mining, construction, manufacturing,
wholesale trade, information, financial activities, and leisure and hospitality, showed
little change over the month. "
 
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HayJenn

Former Staff
Jul 2014
72,406
63,477
CA
And I should care about a NFL owner has to say why?

Especially when the facts are not on his side.

U.S. manufacturing is in recession, two-thirds of economic forecasters said in a survey, and overall growth in the second half of 2019 is expected to further slow.

In a Wall Street Journal economic survey conducted in recent days, 65.3% of private-sector forecasters said the manufacturing sector was in recession, or two or more consecutive quarters of contraction.

Forecasters’ estimates for economic growth in the second half of 2019 also ticked lower, with U.S. economic output to grow, on average, at a 1.82% pace in the third quarter and a 1.77% rate in the fourth quarter. Those figures are down from a September survey predicting 1.92% and 1.81% growth rates, respectively.

Respondents largely cited the uncertain trade picture, weak global growth and U.S. political developments in their comments on the economic outlook.