President Trump is using every arrow in his quiver to stoke up the jobs market!
Yesterday we reported incredible news that Foxconn (Apple’s largest supplier) is looking to relocate a massive factory to the U.S., with Wisconsin currently leading all other states in the bid for the factory. The factory has been described as being so massive they’re having a hard time finding a place it will fit! It would employ 50,000 people! Stunning numbers.
READ MORE: Foxconn Announces Staggering New U.S. Factory
Today comes word that President Trump has just issued a powerful new Executive Order to reduce regulations that prevented apprenticeships in the U.S. Previously, there was so much red tape regulations that it was nearly impossible for businesses to hire apprentices. Trump is doing away with those regulations to get our businesses moving again!
Would you expect anything less from the man who created the hit TV show by the same name?!?
The transcript of Trump’s comments in rolling out the program can be found here.
Here’s more of the story, from Politico, and then scroll down for video:
President Donald Trump signed an executive order Thursday that will cut back the federal government’s role in creating and monitoring apprenticeship programs, a move that the White House says will help fill vacant jobs.
The executive order, which Trump was expected to sign in conjunction with an 11 a.m. speech, is another anti-regulatory victory for business interests. It will move the role of developing government-funded apprenticeship programs from the Labor Department to third-party private entities — including trade groups, labor unions and businesses. The third parties will set their own bar for success and submit their metrics to the Labor Department for approval.
The order will also double the amount of money for apprenticeship grants, from $90 million to nearly $200 million a year. That’s in stark contrast to the president’s proposed budget, which would impose a 36 percent cut to Labor Department job training programs overall.
In a White House speech Thursday about the executive order, Trump said federal regulations “have prevented many different industries from creating apprenticeship programs” and boasted that “in history nobody has gotten rid of so many regulations as the Trump administration.”
Trump said that his executive order would empower companies, unions, industry groups and federal agencies to “create apprenticeships for millions of our citizens.”
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