Mainstream Economics Thread

[Sandstone Outcropping]

[steve dave]

https://x.com/TheStalwart/status/1907084387667018184

[sonofdaxjones]

  now #blueanongE is worried about manufacturing 

[Sandstone Outcropping]

https://x.com/TheStalwart/status/1907084387667018184

What is the rationale for wrecking the US economy again?
Seems very weird to say you are concerned about debt and deficits on one hand and then break the only tool that is powerful enough to dig us out of a debt crisis (a growing US economy).

[sonofdaxjones]

For half or more of the Biden presidency, US manufacturing was recessionary.  Which is absolutely amazing since we were rolling into a post-Covid recovery period.

Now being absolutely #onbrand - #blueanon/#bluenongE is all angst laden about manufacturing.   

[Institutional Control]

I am and have always been anti-manufacturing jobs. They did a great job of building this country's economy but that phase of America is behind us.

[Sandstone Outcropping]

War is peace
Freedom is slavery
Ignorance is strength

https://x.com/BulwarkOnline/status/1907119606059135052

[sonofdaxjones]

I am and have always been anti-manufacturing jobs. They did a great job of building this country's economy but that phase of America is behind us.

Who is out there saying we're going to replace the service sector with manufacturing jobs?

[CNS]

Atlanta Fed saying Q1 saw a -3.8% GDP.   White House adviser Hassett says Q1 is going to be 2-2.5% GDP growth.

Seems like Hassett might be lying to run cover until the last minute so that Dipshit can eff off his agenda and eff us right up until the last second.

Admittedly, I am not an economist, but can someone tell me how common it is that the White House economic adviser is off by 5.8-6.3%, let alone positive vs actual negative?

[wetwillie]

I am and have always been anti-manufacturing jobs. They did a great job of building this country's economy but that phase of America is behind us.

Like you don't want humans specifically building crap? I'm hoping that doesn't mean you want no production regardless of automation, that seems stupid as eff.

[michigancat]

I am and have always been anti-manufacturing jobs. They did a great job of building this country's economy but that phase of America is behind us.

Like you don't want humans specifically building crap? I'm hoping that doesn't mean you want no production regardless of automation, that seems stupid as eff.

I think he's saying that growing the manufacturing sector in today's US economy might not be the best goal for us given our current level of wealth. Which isn't crazy

[sonofdaxjones]

Still trying to understand who is touting replacing the service sector with manufacturing.


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[sonofdaxjones]

Atlanta Fed saying Q1 saw a -3.8% GDP.   White House adviser Hassett says Q1 is going to be 2-2.5% GDP growth.

Seems like Hassett might be lying to run cover until the last minute so that Dipshit can eff off his agenda and eff us right up until the last second.

Admittedly, I am not an economist, but can someone tell me how common it is that the White House economic adviser is off by 5.8-6.3%, let alone positive vs actual negative?

If I remember correctly the ATL Fed has been wildly inaccurate.

But I don’t want to stir up the usuals too much. Because the Philly Fed often said Pres Robo Pen’s “job growth” numbers were total bullshit and they completely lost their crap everytime.


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[michigancat]

Still trying to understand who is touting replacing the service sector with manufacturing.


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Who said anyone said that?

[steve dave]

Still trying to understand who is touting replacing the service sector with manufacturing.


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Who said anyone said that?

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[Rage Against the McKee]

Atlanta Fed saying Q1 saw a -3.8% GDP.   White House adviser Hassett says Q1 is going to be 2-2.5% GDP growth.

Seems like Hassett might be lying to run cover until the last minute so that Dipshit can eff off his agenda and eff us right up until the last second.

Admittedly, I am not an economist, but can someone tell me how common it is that the White House economic adviser is off by 5.8-6.3%, let alone positive vs actual negative?

Your expectation should be that anyone working for this administration is going to say whatever they are told to say and that any data they produce is about as reliable as the data that comes out of North Korea.

[sonofdaxjones]

Still trying to understand who is touting replacing the service sector with manufacturing.


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Who said anyone said that?

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DeflectoSteve always thinks everything is about him.

Still waiting to hear who is out there touting the manufacturing sector displacing the service sector of our economy.

Only colossal mush brained derps think it's not important for the US to bolster its strategic manufacturing sector(s) substantially.

[sonofdaxjones]

https://www.reuters.com/markets/us/us-factory-orders-rise-solidly-february-2025-04-02/

[Institutional Control]

I am and have always been anti-manufacturing jobs. They did a great job of building this country's economy but that phase of America is behind us.

Like you don't want humans specifically building crap? I'm hoping that doesn't mean you want no production regardless of automation, that seems stupid as eff.

I think he's saying that growing the manufacturing sector in today's US economy might not be the best goal for us given our current level of wealth. Which isn't crazy

Correct. 

[sonofdaxjones]

I am and have always been anti-manufacturing jobs. They did a great job of building this country's economy but that phase of America is behind us.

Like you don't want humans specifically building crap? I'm hoping that doesn't mean you want no production regardless of automation, that seems stupid as eff.

I think he's saying that growing the manufacturing sector in today's US economy might not be the best goal for us given our current level of wealth. Which isn't crazy

Correct.

That's an idiotic take . . . and only hammers home that you learned nothing from Covid and apparently don't have the first clue as to what's going on in places like the South China Sea.

[Institutional Control]

I am and have always been anti-manufacturing jobs. They did a great job of building this country's economy but that phase of America is behind us.

Like you don't want humans specifically building crap? I'm hoping that doesn't mean you want no production regardless of automation, that seems stupid as eff.

I think he's saying that growing the manufacturing sector in today's US economy might not be the best goal for us given our current level of wealth. Which isn't crazy

Correct.

That's an idiotic take . . . and only hammers home that you learned nothing from Covid and apparently don't have the first clue as to what's going on in places like the South China Sea.

I have lots of idiotic takes. This particular idiotic take comes from my own personal experience of working on assembly lines for five years. The jobs are only worth having if they pay an astronomical salary, which most do not. Workers on my line were exposed to possible amputation of fingers, carpal tunnel syndrome and chronic back pain to name a few.  Very little paid time off and relatively shitty insurance.

[LickNeckey]

What if we both try to bring back manufacturing but also actively dissuade the laborers that desire those opportunities from coming here?

Is that a recipe for success?

[wetwillie]

Equating manufacturing to unskilled labor in 2025 is wild.

[michigancat]

This thread is going to create enough strawmen to fill all our domestic manufacturing needs

[cfbandyman]

I am and have always been anti-manufacturing jobs. They did a great job of building this country's economy but that phase of America is behind us.

Like you don't want humans specifically building crap? I'm hoping that doesn't mean you want no production regardless of automation, that seems stupid as eff.

I think he's saying that growing the manufacturing sector in today's US economy might not be the best goal for us given our current level of wealth. Which isn't crazy

Correct.

That's an idiotic take . . . and only hammers home that you learned nothing from Covid and apparently don't have the first clue as to what's going on in places like the South China Sea.

I have lots of idiotic takes. This particular idiotic take comes from my own personal experience of working on assembly lines for five years. The jobs are only worth having if they pay an astronomical salary, which most do not. Workers on my line were exposed to possible amputation of fingers, carpal tunnel syndrome and chronic back pain to name a few.  Very little paid time off and relatively shitty insurance.

Oooof dax taking L's left and right and right