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The chart above comes from the longitudinal database.
Written By James Allan | 11-5-2016
Some democrats are saying 50,000 factory's were lost. The number stapled concerning factory's lost is 70,000. The speculated factory's lost is 90,000 and above. These lost factory's to foreign countries translates into millions upon millions of jobs lost.
The chart shows a steady decline in factory's since 1995 when NAFTA was first implemented by Bill Clinton into law Jan. 1st 1994. In 2009 when Barack Obama took office and the "Economic Depression" had just started lost factory's in the U.S. left or when out of business even faster at an alarming rate.
Bill Clinton at the time of signing NAFTA into law was also allowing illegal aliens to get home loans and as the factories were leaving for china illegal aliens were defaulting on their home loans which in turn flooded the derivatives market (market where financial institutions buy and sell home loans) with bad home loans that started to crash the U.S. economy in 2008 after the election and three months before Barack Obama took office.
The number of factory's lost after 2012 is still steadily declining and hasn't gone up. The only businesses that have gone up are fast food restaurants to support the ever increasing amount of illegal aliens being allowed to stay in the U.S. creating more poverty.
Politifact Article wrote:
We drew on two census databases -- Statistics of U.S. Businesses and the Longitudinal Business Database.
The numbers from both are pretty much in line with the other, but the longitudinal database has data for every year while the other is missing figures for 1993-96. Both data sets show a rise in manufacturing businesses immediately after NAFTA followed by a steady decline in the number of establishments starting in 1996 or 1997. (One company may have many manufacturing establishments.)
So how do Schultz’s figures hold up? He’s right so long as you include the impact of the Great Recession. Between 1993 and 2012, the number of manufacturing establishments fell by 71,525. Using the other census data set, the decline was over 90,000 (the totals vary due to different survey methods).
Snippet From Politifact Article
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