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Liar Versus Liar: Neither Harris Nor Trump Have A Clue About How To Restore US Manufacturing

Liar Versus Liar: Neither Harris Nor Trump Have A Clue About How To Restore US Manufacturing

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david stockman
Oct 08, 2024
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David Stockmans Contra Corner
Liar Versus Liar: Neither Harris Nor Trump Have A Clue About How To Restore US Manufacturing
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When it comes to the debt, inflation and speculation-battered US economy you just can’t get a straight story from either Trump or Harris. The Donald claims to have fostered the Greatest Economy Ever, led by a strong comeback of manufacturing in response to his Chiiiina tariffs, while Kamala boasts that the Harris-Biden Administration has created upwards of 700,000 manufacturing jobs, in large part owing to the Biden-sponsored $53 billion Chips Act.

Then again, the chart below suggests both candidates have some serious ‘splainin’ to do. In September 2024 the index of total hours worked in the manufacturing industries stood barely 1% above its level of January 2017.

So who in the hell should be bragging about going nowhere for nearly eight years? Worse still, where are the officious MSM “fact-checkers” when they are really needed?

Indeed, even if their job within the crooked MSM is to give Harris a hall pass, why haven’t they at least exposed the Donald endless humbug? The fact is, the index of manufacturing hours in January 2021 was 3% below the level Trump inherited from Barry!

Index of Manufacturing Hours Worked, January 2017 to September 2024

Nor is this a recent phenomena. In fact, the index of manufacturing hours has been heading south for more than three decades—a period roughly coincident with the on-set of Keynesian money-printing under Alan Greenspan and his heirs and assigns.

Actually, the figure for September 2024 stood 34% below its level of January 1953!

That’s right. American workers clocked 52% more hours in US factories at the end of the Korean War than they did in the purportedly booming Harris-Biden economy in September. And yet and yet: These clowns have the nerve to brag about their success reviving the manufacturing sector!

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