Comment by trgn
7 days ago
I see the drug problem in my midwest city too, it's literally on my doorstep on occasion.
The country is also not struggling with high unemployment or stagnant wage growth.
Multiple things can be true at once. Tariffs are a solution to an imagined problem.
And fwiw - reshoring has been happening already, through congressional action (CHIPS, IRA), rather than presidential decree, and was doning so without wrecking the economy.
The reshoring efforts you're talking about will not come remotely close to restoring what was lost and what could have been. We're so far behind outside of software and finance it's almost unfathomable. To grasp the full cost that has been paid, you need to imagine a scenario like all of NYC, Seattle, Austin, Denver, Silicon Valley, San Francisco, etc., just don't exist at all. That kind of scale is what we've lost out on -- not in software, of course, but in most other industries.
Fly-over country should have been the site of the greatest industrial and manufacturing innovation the world has ever seen. We threw away one of the greatest opportunities in history to juice stocks for a couple decades.
That sounds nice, but "bring manufacturing back" isn't a plan. Details matter.