During an interview with Fox Business Network’s “The Evening Edit,” Rep. Jim Jordan (R-OH), the chairman of the House Judiciary Committee, discussed the perceived uptick in the American economy, particularly in the manufacturing sector.
\n\nAccording to Jordan, the economic acceleration was evidence that Republicans had done what they pledged to do during the 2024 campaign.
\n\n“You know, chairman, what do you make of this optimistic news from, you know, Secretary Bessent?” host Elizabeth MacDonald said. “We’re looking at the data: A record acceleration. Let me give you the data: New business formation, nearly 580,000 new business applications in July. That’s the highest monthly total in the series, which dates back to 2004. It’s up 23.4 percent from last July. It’s bigger than the massive surge in the pandemic. The U.S. now has an unadjusted total count of nearly four million new business formations now coming through the first — the second term of President Trump. Plus, the U.S. is in a manufacturing boom. Manufacturing profits are soaring up two-thirds since last year to nearly $144 billion.”
\n\nJordan replied, “Yes, not to mention the jobs growth we saw last month. I think 167,000 new jobs on top of the adjusted numbers…
Original source: https://breitbart.com/
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