the standard of living is next and we are seeing the effect with less take home pay with rising living expenses from food to energy to car parts. the warning signs are clear if you know how to read the data.
It is a policy of appeasement. Some aid will reach the beleaguered farmers but will it be enough to save their farms long term? most of trump administrations economic policies are transactional with limited effect until another change comes along and undo's or redirects the original intent. It is one thing to enact tariffs. it's another thing to not understand the consequences of the action when it is based on a transaction or a few data points as opposed to a long term game plan. The idea of reshoring american manufacturing is a noble one. But when the demand to build a factory is not met with economic incentives to build but rather with financial penalties, the words to reshore from industry ring a bit hollow. And to the mix the workforce. The US is limiting who can come into work and develop the new technologies needed for the new factories as well as the floor workers. Not to mention inflation when the cost of raw materials from tariffed countries hit the US shores. Maybe the new factories can be located in high unemployment areas that are adversely affected by chronic unemployment and high usage of medicaid and SNAP. It would allow them to meet the new work requirements for the government programs. Education is a factor as well and needs to be bolstered and not reduced.
I'm watching the energy sector, among other things, namely oil patch and what will be left of solar and wind. Chevron and others are dumping more people with the price going below breakeven.
anyone with intelligence got out of IT
