Manufacturing
The president has touted the resurgence of manufacturing in America in two SOTU speeches. He has stated among other things that our manufacturing sector is adding jobs, 620,000 new manufacturing jobs over the last four years, for the first time since the 1990s. This resurgence is fueled by abundant natural gas production, which the President stated in a trip to the Marcellus Shale region outside Pittsburgh on January 30th. At this event, President Obama and US Steel CEO Mario Langhi provided some much-needed context into how the steel manufactured there is used in our daily lives. More specifically, the steel made at this facility is being used to manufacture pipelines needed to bring natural gas to our homes. And while the steel industry manufactures and provides pipelines, the natural gas industry has supplied steel plants with cheap natural gas, which keeps production costs down. Interesting that the President takes credit for increased manufacturing that largely comes from natural gas derived from fracking which he and his supporters abhor via pipelines that he does not approve. He says his administration has launched two hubs for high-tech manufacturing. One is in Youngstown, Ohio and is focused on 3-D printing and one focused on energy-efficient electronics in Raleigh, North Carolina. He has announced the next two advanced manufacturing hubs. One is in the Detroit area, and the other is in Chicago, Illinois. All these hubs are partnerships that bring together companies and universities to develop cutting-edge technology, train workers to use that technology, and then make sure that the research is translated into real-world products made by American workers. Sound good? Well it is supposed to sound good. But doe sit make a difference or just spend money? We will have to wait and see.

Democrats are happy today

10/1/19
from The Gray Area:
10/1/19:

The situation facing the Democrats 13 months out from the 2020 Presidential Election is that President trump has taken away almost every issue with his steaming hot economy. There are only two tins that can happen between now and November 2020 that can help the Democrats.

1. They can impeach Donald Trump. They have been trying that since the day he won in November 2016 without success.

2. The economy fails. The are praying for a recession before November 2020. Actually they are doing more than praying, they have the media constantly using the word 'recession' whenever anything other than stellar growth shows up in monthly numbers. They don't have much to work with,but it is a long game for them. If a recession comes and they have been calling it, they think they will look like geniuses.

So today, they are happy. Trump is heading into reelection with a deep manufacturing recession.

Thwarting success of Trump trade deals with EU, Mexico (not ratified), and China (sending signals that China should wait until after the 2020 election) helps this too. As does a major auto strike (GM).

It is more than sad that one of our two political parties are out and out rooting for economic collapse. The reason, whether a true collapse or something they can say is a collapse, has propelled every Democrat Presidential administration in this last century, except JFK, into the White House.

More From The Wall Street Journal:



365 Days Page
Comment ( 0 )