Leroy wrote on Dec 4
th, 2024 at 10:25am:
thegreatdivide wrote on Dec 4
th, 2024 at 10:17am:
Leroy wrote on Dec 4
th, 2024 at 10:05am:
Armchair_Politician wrote on Nov 29
th, 2024 at 10:48am:
... and Trumps' tariffs ill-conceived thought bubble will cost even more jobs and push inflation even higher.
So your solution is buy everything from China and that will create jobs and push down inflation.
No; Biden's solution: public funding (via tax credits) for the CHIPS and IRA bills passed by Congress, to enable US-based companies to compete with China.
Trump would b foolish to cancel THAT government spending.
Jobs in manufacturing under Trump were steadily rising each year, after four years manufacturing jobs under Biden is below what they were when he took over from Trump.
Biden has a net loss of manufacturing jobs in his four years.
Since Biden and Harris took office in January 2021, more than 775,000 manufacturing jobs have been added to the economy, not simply recovering from, but exceeding the manufacturing jobs lost during the COVID-19 pandemic.
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Since President Joe Biden and Vice President Kamala Harris took office in January 2021,
more than 775,000 manufacturing jobs have been added to the economy. The growth is expected to continue, with the Biden-Harris Inflation Reduction Act, Bipartisan Infrastructure Law, and CHIPS and Science Act estimated to create 336,000 manufacturing jobs a year until 2035.
In contrast,
more than 200,000 manufacturing jobs were lost during former President Donald Trump’s single term. Even before the COVID-19 pandemic manufacturing job growth had all but plateaued under the Trump administration.