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Orange Blooded [2080]
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Manufacturing construction spending triple the 2010's....
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Mar 24, 2024, 6:33 PM
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https://www.axios.com/2023/06/16/manufacturing-supercycle
One of Trump's (empty) talking points was to get manufacturing going again in the US. He tried to sell his tax cut in 2017 by talking about business investment. Well, there was a very small bump that came from those tax cuts.
But from Biden's IRA, BIL, and CHIPS act, we're getting a true explosion in manufacturing investment, roughly 3X what we had prior to the pandemic...
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Heisman Winner [119740]
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Troll, go home..
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Mar 24, 2024, 7:14 PM
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Or at least move to another futon in your moms basement
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All-In [42197]
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What part's the troll part?
Mar 25, 2024, 12:48 PM
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He posted an argument and a link. How is that different than what you, RPMcMurphy or tigermanac® do? Since they butt tapped your post?
If he's a troll, so are y'all.
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Oculus Spirit [97738]
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It's a little more nuanced than that
Mar 24, 2024, 7:15 PM
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There have been external factors that have impacted supply chains of things we depend on from other countries, that we now see the need/utility to onshore. So it's not really a Presidential thing, although Biden knows this too. If no money was tossed from Washington, or tax cuts, we'd still be trying to onshore many things we imported in the past. Companies are doing this anyway out of necessity.
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Orange Blooded [2080]
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An explosion like what we've seen in the last 2 years....
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Mar 24, 2024, 7:21 PM
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wouldn't be remotely possible without Biden's policies (some of them bipartisan).
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Oculus Spirit [97738]
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It's possible because of inflation.***
Mar 24, 2024, 8:53 PM
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Orange Blooded [2080]
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No it isn't.****
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Mar 24, 2024, 9:34 PM
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Hall of Famer [20542]
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Re: It's a little more nuanced than that
Mar 25, 2024, 9:30 AM
[ in reply to It's a little more nuanced than that ] |
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Policies do play some role, though. The ironic part of that is, Biden's been doubling down on Trump's protectionist policies and has been even more hostile to Chinese trade than Trump was...up to the point of leaning all over ASML - a Dutch company! - to stop providing cutting-edge lithography machines to China. He also leaned all over Unimin - a Belgian company in Spruce Pine, NC - to stop providing the Iota quartz crucibles that allow for almost perfectly pure silicon (again, required for sub-10nm chips) to be forged. Which pretty much kills Chinese sub-10nm chip manufacturing - the kind of you need to build AI - in its tracks. Well, at least until China can steal the ASML machines and somehow acquire a source of ultrapure quartz for themselves. Which thus far is known to exist only in that one North Carolina town and nowhere else on Earth.
But even if they can get that stuff, who's going to buy Chinese product with both sides of the American aisle being so implacably hostile to Chinese trade? It seems to be getting pretty clear to anybody who consumes - meaning, Europe and the US - that buying Chinese sh!t is tantamount to putting the seal of approval on the Chinese ripping your cutting-edge tech and then selling it back to you while undercutting your domestic companies that invented the product to begin with.
At some point, being an asshat catches up with you. China seems to be there.
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Lot o points [155948]
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Clemson is playing, clown. Lamp is lit***
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Mar 24, 2024, 7:20 PM
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Orange Blooded [2080]
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Who died and made you hall monitor?****
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Mar 25, 2024, 12:45 PM
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Lot o points [155948]
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It's been the rule for, oh, 25 years or so.
Mar 25, 2024, 1:06 PM
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I know you're new to the board and a stranger to Clemson, so don't get sassy.
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All-In [42197]
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Man, why any y'all on this board during that game?
Mar 25, 2024, 12:51 PM
[ in reply to Clemson is playing, clown. Lamp is lit*** ] |
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I'd like to offer my services for everyone on how to watch a Clemson game properly.
First, TV. Second, Family and/or friends. Third, Beer. Fourth, stay off politics board. Fifth, hopefully, enjoy the game.
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Lot o points [155948]
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I'm a general board view kind of guy, so I see them unintentionally.
Mar 25, 2024, 1:05 PM
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It's why they're so glaring in their rare appearance during a football game or a NCAA tourney appearance.
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Hall of Famer [24809]
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4'x8' sheet of OSB costs at least 3X as much, too...***
Mar 24, 2024, 8:55 PM
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All-TigerNet [13153]
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Buncha Solyndras?***
Mar 24, 2024, 9:53 PM
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Head Coach [788]
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Re: Buncha Solyndras?***
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Mar 25, 2024, 9:05 AM
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No Solyndra. Lots of jobs. No doubt about it, sleepy Joe is running circles around the fat orange clown when it comes to creating manufacturing jobs. Period.
Trump strategy was big tax cut for the top income brackets, and pray that it trickles down. That strategy is as old and successful as Trump’s marriage.
Biden’s strategy is to create jobs for middle income Americans that want to work.
Comical that Trump‘s tax cuts are targeted towards the top 5% of income earners, these tax cuts do not benefit the typical Trump voter, but these tax cuts blew up the deficit. But go ahead and keep voting for the fraudulent populist. Financial Darwinism.
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All-In [31907]
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A few points...
Mar 25, 2024, 12:23 PM
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- How do you know the tax cuts only caused a "small bump"? I run a business and I'm actually in the middle of building a new factory and adding on to an existing factory and I don't think you can state the impact of the tax cut on manufacturing expansion with any certainty...in either direction.
- Evaluating construction spending using unadjusted $'s and not adjusted for inflation on building costs doesn't tell you much. The new factory project we have has gone from $6MM to $30MM in 3 years and a large part of that is the cost of the building and rest is the cost of equipment.
- There is a lot of on-shoring going on right now due to supply issues exposed during COVID.
- The IRA, IIJA, and NMTC program are having some positive impacts on manufacturing starts. I didn't support the bills, specifically the IRA, but I dang sure going to take advantage of the IRA tax credits where we can.
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All-TigerNet [10900]
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spending on everything has tripled thanks to bidenflation***
Mar 25, 2024, 12:57 PM
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