Factory construction booming under Joe!

[Harpy Eagle]

Ludite

You give her far too much credit. It is not really about what is being manufactured, it is that it happened under a Dem POTUS so she has to attack it or get in trouble with her tribe

 

[Nuthin' Fancy]

He wants to call this "manufacturing" but in reality it's just pandering to his corrupt base. And we can all see it.

Sure, Trump's infrastructure week finally comes.............under Biden and the Trump cult whines.

The same cult celebrated Bush's employment increase.

Bush: Burger flipping is "heavy manufacturing" | ClutchFans​

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https://bbs.clutchfans.net › bush-burger-flipping-is-he...
Feb 23, 2004 — Bush is trying to get burger flipping classified as "heavy manufacturing" to cover up job losses in that sector. Should burger-flipping be a ..

 

[EMH]

Factory construction is booming in the US as the stimulus money in the CHIPS act is being allocated to bring manufacturing back home from China. The numbers are impressive.

Thanks Joe!

The U.S. is building factories at a wildly fast rate (msn.com)

According to data from the Census Bureaureleased last week, construction spending by U.S. manufacturers more than doubled over the past year. For April 2023, the annual rate reached nearly $190 billion compared with $90 billion in June 2022, with manufacturing accounting for around 13% of non-government construction. The US government has offered billions of dollars in subsidies for the production of electric vehicles and solar panels to compete with countries such as China and to fortify US leadership in sectors including clean energy. According to the World Bank, China makes up around 30% of global value added from manufacturing, about double the U.S. Over the last few decades, Asia has taken up a greater share of global factory manufacturing.

Factories are being constructed everywhere from deserts to resort towns as the U.S. tries to bring back manufacturing of goods commonly imported from lower-cost countries. Many battery and electric vehicle factories have popped up in the Rust Belt, while solar panel and renewable energy factories now span much of the South and Southeast.

The U.S. has added around 800,000 jobs in manufacturing employment over the past two years, employing around 13 million workers per the May Bureau of Labor Statistics jobs report. However, according to the National Association of Manufacturers, the manufacturing skills gap — caused by the labor market's struggle to find workers with highly technical and manual expertise — could lead to 2.1 million unfilled jobs by 2030.

Manufacturing, though, has accelerated its move back to the US from other countries over the past year. According to Kearney's 2022 Reshoring Index, 96% of American companies have shifted production to the US or are evaluating reshoring operations — a spike from 78% in the 2021 index. The sudden rise in factory construction corresponds with passage of the CHIPS and Science Act in July 2022, which provided $280 billion in funding to boost manufacturing of semiconductors, as well as the Inflation Reduction Act in August 2022. The IRA has sought to create new jobs in manufacturing, construction, and renewable energy, estimated to create up to 1.5 million jobs by 2030

which provided $280 billion in funding

We paid for it.... subsidies for some, not others... government CHOOSING winners and losers - not free market

manufacturing accounting for around 13% of non-government construction

Sounds like building courthouses and prisons and big cushy buildings for bureaucrats is most of the spending...




In the 1990s we were actually building factories in America without taxpayer funded subsidies in the private sector.


Now, the government is subsidizing factory construction and building the rest for itself...


Sick people cheer this. This is not healthy. We should be competitive without taxpayer funded government handouts to chosen political allies of Traitor Joe.

 

[22lcidw]

The future

China has a huge lead in both. Our President is trying to catch up

China has won. It's only the lead we had in technology, old money, and what is more important...location in the world that pads our number one status at this point. Look at the massive irritation of us and Cuba for over 65 years. One small island state. China has Japan, South Korea, Australia, New Zealand, the Philippines as irritations. And issues with India. Why? Location. And they are enroute to becoming the number one nation in the world. We are promoting people who live in the shadows of what once red-light districts as our superiors domestically.

 

[The5thHorseman]

What you wanna bet wetbacks are being hired for the construction instead of White people of European heritage?

I bet you have an IQ in the sub normal range.

 

[sparky]

factory construction corresponds with passage of the CHIPS and Science Act in July 2022, which provided $280 billion

And that's WITH TRILLIONS of support from the Fed, Trump begging the Fed for MORE support, a MANUFACTURING RECESSION

corporate welfare and subisidies are bringing companies back

We are a proxy socialist nation

We paid for it.... subsidies for some, not others... government CHOOSING winners and losers - not free market

This isn't the first time America has 'bought' it's way out of a depression

Seem some of you 'get' how that works.......~S~

 

[The5thHorseman]

We paid for it.... subsidies for some, not others... government CHOOSING winners and losers - not free market







Sounds like building courthouses and prisons and big cushy buildings for bureaucrats is most of the spending...




In the 1990s we were actually building factories in America without taxpayer funded subsidies in the private sector.


Now, the government is subsidizing factory construction and building the rest for itself...


Sick people cheer this. This is not healthy. We should be competitive without taxpayer funded government handouts to chosen political allies of Traitor Joe.

No, that's a pile of uninformed crap.

 

[The5thHorseman]

This isn't the first time America has 'bought' it's way out of a depression

Seem some of you 'get' how that works.......~S~

But it may be the most cost effective.

 

[EMH]

And Ukraine is winning the war.... NOT.

 

[EMH]

This isn't the first time America has 'bought' it's way out of a depression

Seem some of you 'get' how that works.......~S~

It will simply make the actual downturn that much worse...

 

[The5thHorseman]

And Ukraine is winning the war.... NOT.

No one give a shit what you assert.

 

[sparky]

But it may be the most cost effective.

Capitalism's demise being one of those costs....~S~

 

[The5thHorseman]

It will simply make the actual downturn that much worse...

How many of these have you called correctly in the past?

 

[The5thHorseman]

Capitalism's demise being one of those costs....~S~

It's long been a hybrid.

 

[EMH]

No one give a shit what you assert.

Which is why you troll every post...

LMFAO!!

 

[sparky]

It will simply make the actual downturn that much worse...

our entire monetary system evolved the last time EMH

it doesn't take a crystal ball to see history repeating itself

~S~

 

[sparky]

How many of these have you called correctly in the past?

Venezuela........for starters......

~S~

 

[EMH]

How many of these have you called correctly in the past?

The one under W. Fiscal conservatives and libertarians both warned that Cheney was wrong (imagine that) and that deficits DO MATTER and that all the big government spending under W would end up in a disaster, and it did.

 

[Dekster]

Hummm.....I tend to believe that a law passed less than a year ago is suddenly leading to new factories everywhere. It takes a fair amount of lead time to build a new manufacturing plant given businesses still have to shop around for the location that gives them the most perks to build there. I know that some of the new local projects being built now had their starts delayed due to inflation/worker shortages last year as well. I suspect part of this has to do with the trade war with China El Orange Heffe started.

 

[The5thHorseman]

Which is why you troll every post...

LMFAO!!

Just to remind you.