America's manufacturing construction boom continued apace in January:
This is mostly due to a series of federal government initiatives: the Bipartisan Infrastructure Law, the Inflation Reduction Act, and the CHIPS Act. In total, manufacturing construction has more than doubled over the past two years, from an annual rate of $90 billion in late 2021 to $225 billion today.
Most of what is touted or criticized as Bidenomics is stuff that was happening with or without Biden and the Dems' policies. This here is ACTUAL Bidenomics and I like it.
(I know, some of it was bipartisan, but still).
But this is underpinning the other stuff. People with jobs spend money.
Cough… zero-based chart… cough.
It should be impressive enough without starting the chart at 80,000.
😅especially after being critical of Fox News and WSJ of doing the same.
I've managed to get as far as https://fred.stlouisfed.org/graph/?g=1hFJm trying to reproduce it, but cannot see how Kevin ended-up with a y-axis of "309*Mil. of $/Index 1982-1984=100"
And it is all the more intriguing the Index year appears to be back to 1982-1984 but Kevin's chart does not go back any further than 2017.
Here: https://fred.stlouisfed.org/graph/?g=1hFUq
What KD did was change the title using PS. The range automatically adjusts so it can't be controlled unless you expand the time period.
Meanwhile, the AI war on humanity continues.
“Fallout from a ransomware attack on the country’s largest health care payment processor is “the most serious incident of its kind leveled against a U.S. health care organization,” American Hospital Association CEO Rick Pollack said Thursday evening. The attack has crippled Change Healthcare, a company that provides a widely used program for health care providers to manage customer payments and insurance claims. The company has taken most of its systems offline to prevent the attack from spreading, a common countermeasure.”
I’m so looking forward to this brave new world.
What does a ransomware attack have to do with AI?
Or "manufacturing construction" for that matter?
Justin makes sure to never make a point because when he does he looks stupid. Instead he just posts crime details while never mentioning that crime is much less common today. Oh and somehow Democrats are responsible for all crime everywhere even though crime decreases the same when they are in charge vs. Republicans. He isn't someone to reason with. Just someone to ridicule.
I would have maxed out the available time period (to 2004) to emphasize the significance of this investment boom.
Also, I would have re-emphasized how Republicans voted against these federal funds supporting this boom.
Good point!
all this manufacturing construction
And not enough bodies to "man" the additional manufacturing space(s)
AI
When it's built, construction workers can shift to being factory workers.
Amazing what can happen when a country invests in itself
Well, none of this is a 100 foot-high border wall guarded by dogs or bees, or dogs that have bees in their mouths and when they bark they shoot bees...
Not to mention the (imported) crocodile and (imported) piranha-infested moat.
My guess is 70% of construction workers despise Biden and will vote for Trump.
I'm not a big fan of the State tipping scales through industrial policy.
...why?
Who else is going to provide the investment?