Unfortunately, cycling out the disastrous economic policies of the past few years is going to take longer than a year. Large manufacturers (like Ford) are reorienting their business away from stupid green policies and in the process large numbers of jobs are being eliminated. To make matters worse, the fact that rampant inflation increased prices of manufactured goods from 30% to (in some cases ) several hundred percent has decreased demand for them. The consequence is less demand for manufacturing jobs. IMO the current US government policy of encouraging and attracting capital investment should be an effective way to reverse this trend. Translating that capital investment into jobs is, however, a process that takes some time. I hope US voters understand this in the upcoming midterms. Electing a Congress controlled by democrats would likely mean no recovery, and the US could go the way of UK and Germany.
I am perfectly willing to accept the premise that turning the US economy around is a bit like turning around a SuperMax oil tanker--it takes time and lots of maneuvering room.
However, that is not the argument the Trump Administration has been pushing with their "Golden Age" shtick. Their argument is that the turnaround has already happened.
We cannot simultaneously argue that it takes time to undo the damage from the Biden Reign of Error and argue that America has already entered into a new Golden Age of Prosperity. The two conditions are by definition mutually exclusive.
My concern over the Trump Administration's reflexive cheerleading on the economy is that it provides no assurance they are looking at the data with any more seriousness than Jerome "Too Late" Powell. If the promoted policies do not address the actual problems they won't work, and no amount of cheerleading will change that.
We need to see manufacturing jobs on the upswing. That has yet to happen.
We need to see Trade, Transportation, and Utilities jobs stabilize and grow. That's not happening at the moment.
We need to see the information sector reverse its shedding of jobs if America is to reap any of the promised benefits of artificial intelligence. Both that reversal and the promised benefits have yet to happen.
Will these things turn around and get better? I hope they do. I am certainly willing to extend to the Trump Administration the benefit of the doubt and give the policies a chance to unfold. President Trump is doing what I voted for, at least broadly speaking.
Is the Trump Administration making the necessary course corrections and policy fine tunings which inevitably arise as new data is obtained? The answer to that question is "I do not know", and Trumpian cheerleading has the negative side effect of ensuring that I will not know, at least not any time soon.
We can rely on you for an accurate summation, Peter. Thank you.
I have been concerned for some time about the increase in jobs in Health Care, which indicates that Americans are becoming less healthy. Vax injury, of course, comes to mind. Peter, have you seen any explanations or elaborations on the causes of increased Health Care employment?
Unfortunately, cycling out the disastrous economic policies of the past few years is going to take longer than a year. Large manufacturers (like Ford) are reorienting their business away from stupid green policies and in the process large numbers of jobs are being eliminated. To make matters worse, the fact that rampant inflation increased prices of manufactured goods from 30% to (in some cases ) several hundred percent has decreased demand for them. The consequence is less demand for manufacturing jobs. IMO the current US government policy of encouraging and attracting capital investment should be an effective way to reverse this trend. Translating that capital investment into jobs is, however, a process that takes some time. I hope US voters understand this in the upcoming midterms. Electing a Congress controlled by democrats would likely mean no recovery, and the US could go the way of UK and Germany.
I am perfectly willing to accept the premise that turning the US economy around is a bit like turning around a SuperMax oil tanker--it takes time and lots of maneuvering room.
However, that is not the argument the Trump Administration has been pushing with their "Golden Age" shtick. Their argument is that the turnaround has already happened.
We cannot simultaneously argue that it takes time to undo the damage from the Biden Reign of Error and argue that America has already entered into a new Golden Age of Prosperity. The two conditions are by definition mutually exclusive.
My concern over the Trump Administration's reflexive cheerleading on the economy is that it provides no assurance they are looking at the data with any more seriousness than Jerome "Too Late" Powell. If the promoted policies do not address the actual problems they won't work, and no amount of cheerleading will change that.
We need to see manufacturing jobs on the upswing. That has yet to happen.
We need to see Trade, Transportation, and Utilities jobs stabilize and grow. That's not happening at the moment.
We need to see the information sector reverse its shedding of jobs if America is to reap any of the promised benefits of artificial intelligence. Both that reversal and the promised benefits have yet to happen.
Will these things turn around and get better? I hope they do. I am certainly willing to extend to the Trump Administration the benefit of the doubt and give the policies a chance to unfold. President Trump is doing what I voted for, at least broadly speaking.
Is the Trump Administration making the necessary course corrections and policy fine tunings which inevitably arise as new data is obtained? The answer to that question is "I do not know", and Trumpian cheerleading has the negative side effect of ensuring that I will not know, at least not any time soon.
We can rely on you for an accurate summation, Peter. Thank you.
I have been concerned for some time about the increase in jobs in Health Care, which indicates that Americans are becoming less healthy. Vax injury, of course, comes to mind. Peter, have you seen any explanations or elaborations on the causes of increased Health Care employment?