The National Association of Manufacturers (NAM) is an American association with 14,000 members.
For 20 years, the NAM has polled its members on economic confidence and published the results in the NAM National Outlook Survey.
The latest one concerns the first quarter of 2017. These manufacturers express strong optimism for President Donald Trump. In fact, more importantly, this is the most optimistic they’ve ever been in 20 years!
The presidents over that time period have been Clinton, Bush II and Obama. What does that tell us about President Trump? Plenty.
The overview is on page 2 of the PDF. A few highlights follow:
- Percentage of Respondents Positive in Their Own Company’s outlook: 93.3% (77.8% in December 2016)
- NAM Manufacturing Outlook Index: 63.7 (53.3, December 2016)
- Expected Growth Rate for Full Time Employment Over the Next 12 Months: 2.3% (1.0%, December 2016)
- Expected Growth Rate for Inventories Over the Next 12 Months: 0.8% (-0.1%, December 2016)
Then, there’s this:
“Do you think the United States is headed in the right direction, or is our country on the wrong track?”
RIGHT TRACK: 59.9% WRONG TRACK: 9.4% UNSURE: 30.8%
(December: Right Track: 25.7%, Wrong Track: 27.0%, Unsure: 47.3%)
What a change in those numbers, particularly the last set, in such a short space of time. Incredible.
This survey is worth more than a mountain of polls. These are statistics from 14,000 manufacturers nationwide, taken by their own association — not a thousand or so people surveyed by an agenda-driven polling company.
President Trump met with members of the NAM and its president and CEO Jay Timmons at the White House on Friday, March 31, 2017 (H/T: The Conservative Treehouse).
Those who do not have time to watch the 12-minute video will find the transcript very interesting with regard to the variety of industries and businesses represented.
Excerpts follow, emphases mine.
THE PRESIDENT: Great job, Jay.
My administration is working every day to make it easier for manufacturers to build, hire, and grow in America. We’re removing job-killing regulations and lifting the burdens on American industry like I would say have never been lifted before. We’ve done a lot of work over the last 60, 70 days, and I think you’re seeing some real production …
Earlier this week, I signed an executive order to end the war on coal. We had coal miners up at the office. It was an amazing scene. You had very tough, very strong, very powerful men that were crying actually; and they were crying with happiness. And produce more American energy and more American jobs, which is how I got elected in the first place …
One of the reasons we’re here today is to announce the extraordinary results of a new survey from the National Association of Manufacturers. Your survey shows that 93 percent of manufacturers now have a positive outlook on the future of their business in this country — 93 [percent]. And it was just a few months ago, 56 [percent]. That’s a slight difference. (Laughter.) That’s a slight difference. (Applause.)
That’s a 20-year, record high — highest it’s been in 20 years, and it’s going higher. Believe me, you could come back next month, Jay. (Laughter.) I don’t know how much higher it can go. And so I’m very proud of that, and we’re all very proud of that. And the manufacturers are really starting to invest big money, and a lot of things are happening. It’s a new surge in optimism, which is sweeping all across our land.
These survey results are a further vote of confidence in our plan to bring back jobs, lower taxes, and provide a level playing field for our workers. The manufacturing companies represent — and represented here today — are just an extraordinary group of people. They’re leaders. They’re brilliant in so many ways. The field has not been a level field. Jobs have been leaving our country, going to China and Mexico and lots of other places.
And you’ll be seeing what’s happening over the next few weeks. It should be very interesting for you to watch. As you know the President of China is coming to Florida. We’re having a meeting — big meeting — at Mar-a-Lago. We call it the Southern White House, which it actually is. It was originally built as the Southern White House, a lot of people don’t know …
MR. TIMMONS: … I want to reemphasize for the media here that this quarterly survey of our 14,000 members has been going on for 20 years. And to the point you made, this was the highest level of optimism that our manufacturers have expressed in 20 years.
MR. TIMMONS: And the other statistic that I think you’ll find interesting is the right-track/wrong-track question that our manufacturers answered. Just the month before Inauguration Day, the right-track number was only 26 percent. Today it is over 60 percent. So that’s a huge growth, as well. And that’s because of the focus on taxes, regulations, infrastructure investment. We appreciate your commitment to investment in job creation and manufacturing. And we’re going to deliver.
THE PRESIDENT: Thank you very much, Jay. That’s really nice.
MR. TIMMONS: Thank you.
THE PRESIDENT: Thank you very much. Patricia, would you like to say something? Pretty outstanding what you’ve done.
MS. MILLER: Thank you. I appreciate being here today. I own a plastics manufacturing company in the northwest suburbs of Chicago. We’re a three-year entrepreneurial in growth phase with a 40-year legacy. It’s great to be part of manufacturing in the U.S.
THE PRESIDENT: That’s a really great job. You’ve done a great job. Really great.
MR. EDDY: Good morning, Mr. President. My name is Joe Eddy. I’m the president and CEO of a company in northern West Virginia called Eagle Manufacturing. We’re 125 years old this year; a family-owned business. We manufacture products out of steel and plastic. We make over a thousand industrial safety and hazardous materials handling products. And I bring from West Virginia a major thank you for the work you’ve done for coal …
MR. GREENBLATT: My name is Drew Greenblatt. I’m the owner of Marlin Steel. We’re a steel factory, make wire baskets for the automotive industry and the pharmaceutical industry. We make everything in Baltimore City, Maryland. We import nothing. We use steel from Illinois, we use steel from Indiana. We’re thrilled with the policies that you are pursuing. We feel great optimism, and we’re thankful for those approaches you’re taking. Obviously — we’re 45 miles from where you’re sitting right now — we’d love for you to come visit us …
MR. RIORDAN: Mr. President, good morning. My name is Tom Riordan. I’m the CEO of Neenah Enterprises. We’re a casting and forging operation in Wisconsin — 145 years old. First products were plowshares back in the Civil War. Today most of our products are related to infrastructure in terms of street casting, sewer covers, and so on. The other half of our business is really tied to on/offload vehicles with folks like Caterpillar and John Deere. We’re very much dependent upon your policies moving forward …
MR. MAGYARI: Nice to meet you. My name is Doug Magyari. I’m the CEO of IMMI, Inc. We’re a Troy, Michigan company, suburb of Detroit. And we’re very much a leading-edge research and development company on advanced technologies, and in particular, we’ve built the most advanced augmented reality and virtual reality glasses in the world. And it’s an extremely important technology that’s going to affect not only everybody at this table, but really every facet of our lives. And there’s military applications and all sorts of medical applications, as well as entertainment …
MS. BUCHWALD-WRIGHT: Hello. It’s nice to see you again. I’m Karen Buchwald-Wright. And I’m the president and CEO of a family business that manufactures natural gas compressors. We’re from Mt. Vernon, Ohio. And gas compressors are used in both the oil and gas industry, so I’m especially thankful that you have gotten the Keystone —
THE PRESIDENT: Very busy.
MS. BUCHWALD-WRIGHT: Yes, we are going to be.
THE PRESIDENT: You have to be. Big difference. That industry has changed over the last couple of months — actually, over the last couple of weeks, that industry has changed …
MR. BARR: Good morning, Mr. President. I’m Matt Barr with Carolina Color. We manufacture colors for the plastics industry. We’re a family-owned business — we also celebrated our 50th anniversary this year, 120 employees. We’re in Delaware, Ohio, and we’re headquartered in Salisbury, North Carolina …
MS. JOHNSON. Good morning, Mr. President. I’m Kellie Johnson, president of ACE Clearwater Enterprises. It’s a 16-year-old family business — third generation. We’re a supplier to the aerospace and power generation industries. We build products out of metal. If it flies or is launched, our parts are on it. We employ 200 of the best men and women in our industry. And on behalf of all of them, thank you for what you’re doing.
And we would love to have you come and visit next time you’re in southern California. In fact, I’ll never forget my husband and I approaching you in the lobby of your golf course in Palos Verdes when the flag controversy was going on. And we respected your position and we are so proud that that flag is flying today. Thank you. It worked out well.
THE PRESIDENT: It worked out. That was a very good decision …
Anyone moaning about Trump really needs to stop going to Big Media as the main source for news. Turn off the television, put down the newspaper and get online.
Trump’s is the most transparent administration in modern history. All of Trump’s presidential activities are on the White House site, along with videos. All of Sean Spicer’s press briefings are there, too.
Trump is my kind of president!