XPost: alt.fan.rush-limbaugh, talk.politics.misc, alt.politics.republicans XPost: alt.politics.democrats.d, or.politics
Mitchell Holman wrote:
pothead <pothead@snakebite.com> wrote in
news:um7mr5$281j8$2@dont-email.me:
On 2023-12-23, D Ray <d@ray> wrote:
Americans have been aware for decades that their nation is in the
midst of serious industrial decline. This decline, represented by the
loss of some 7.5 million jobs between 1980 and 2017, has affected
Whites, and particularly men, more than any other group.
The Bureau of Labor Statistics has found that for every 10 percentage
pointhttps://electrek.co/2023/12/20/half-of-us-buick-dealers-chose-buyo
uts-over-selling-evs-in-2023/
drop in regional manufacturing share there is an accompanying 3.7%
drop in male employment.
Policymakers must consider the following options if they seek to
generate prosperity for Americans:
1. Local content requirements
The surest way to ensure that products purchased by Americans are
produced by Americans is to ensure that those products have their
component parts sourced in the United States.
American policymakers must institute a 51% local content requirement
for any goods which are related to: transportation, technology,
energy (production & transmission), national security, food
production, and other forms of critical infrastructure.
2. Provide financing for new firms
A 2014 study by MIT found that while venture capital is willing, even
eager, to fund the initial stages of development those same VC firms
are near universally unwilling to fund the scale-up of manufacturing
capacity. This results in firms founded by innovative young Americans
to look abroad to scale their manufacturing processes.
3 ...
Read the full piece, and the rest of the policy prescriptions here on
our Substack:
<https://whitepapersinstitute.substack.com/p/an-industrial-plan-for-whi
te-america>
<https://archive.ph/0PMgK>
Until America brings back full scale manufacturing in the US, we will
be vulnerable to bad actor countries like China.
At last we have a president who
has never shipped a single American
job to China, and who is in fact
bringing back jobs to the US.
Companies bringing back record
number of jobs to US soil
August 21, 2022
https://www.washingtonexaminer.com/restoring-america/courage-strength- optimism/companies-bringing-back-record-number-jobs-us-soil
America Is Back in the Factory Business
April 8, 2023
https://www.wsj.com/articles/american-manufacturing-factory-jobs- comeback-3ce0c52c
Don't forget he paid more in taxes to his buddy Xi
than to America.
https://www.nytimes.com/2020/10/20/us/trump-taxes-china.html
But Mr. Trump’s own business history is filled with overseas
financial deals, and some have involved the Chinese state. He
spent a decade unsuccessfully pursuing projects in China,
operating an office there during his first run for president and
forging a partnership with a major government-controlled
company.
And it turns out that China is one of only three foreign nations -
the others are Britain and Ireland — where Mr. Trump maintains
a bank account, according to an analysis of the president’s tax
records, which were obtained by The New York Times.
The Chinese account is controlled by Trump International Hotels
Management L.L.C., which the tax records show paid $188,561
in taxes in China while pursuing licensing deals there from 2013
to 2015.
More...
https://www.bloomberg.com/news/articles/2022-07-05/us-factory-boom-heats-up-as-ceos-yank-production-out-of-china
There has been a sense in financial circles that the fever
among American executives to shorten supply lines and
bring production back home would prove short-lived. As
soon as the pandemic started to fade, so too would
the fad, the thinking went.
And yet, two years in, not only is the trend still alive, it
appears to be rapidly accelerating.
Rattled by the most recent wave of strict Covid lockdowns
in China, the long-time manufacturing hub of choice for
multinationals, CEOs have been highlighting plans to
relocate production -- using the buzzwords onshoring,
reshoring or nearshoring -- at a greater clip this year
than they even did in the first six months of the pandemic,
according to a review of earnings call and conference
presentations transcribed by Bloomberg.
The construction of new manufacturing facilities in the US
has soared 116% over the past year, dwarfing the 10%
gain on all building projects combined, according to Dodge
Construction Network. There are massive chip factories
going up in Phoenix: Intel is building two just outside the
city; Taiwan Semiconductor Manufacturing is constructing
one in it. And aluminum and steel plants that are being
erected all across the south: in Bay Minette, Alabama
(Novelis); in Osceola, Arkansas (US Steel); and in
Brandenburg, Kentucky (Nucor). Up near Buffalo, all this
new semiconductor and steel output is fueling orders for
air compressors that will be cranked out at an
Ingersoll Rand plant that had been shuttered for years.
https://www.wsj.com/articles/american-executives-in-limbo-at-chinese-chip-companies-after-u-s-ban-11665912757
American workers hold key positions throughout China’s
domestic chip industry, helping manufacturers develop
new chips to catch up with foreign rivals. Now, those
workers are in limbo under new U.S. export control rules
that prohibit U.S. citizens from supporting
China’s advanced chip development.
The Commerce Department this month imposed export
controls over an array of chips and chip-making technology,
marking the U.S.’s biggest salvo against China’s tech
industry so far.
In a rare move that caught the industry off guard, it also
sought to restrict the use of American know-how by
barring U.S. persons from supporting China’s advanced
chip development or production without a license. The
department defines U.S. persons to include U.S. citizens,
permanent residents, people who live in the U.S., and
American companies.
Restricting Chinese companies’ access to U.S. talent
delivers a direct blow to the heart of China’s attempt to
move up the technology chain, said Dane Chamorro, a
Washington, D.C.-based head of global risk and
intelligence at business consulting firm Control Risks.
https://www.azcentral.com/story/opinion/op-ed/ej-montini/2018/07/27/donald-trump-2020-banners-made-america-week-china/847416002/
Earlier in the week, Trump blasted previous
administrations, saying, "They let our factories
leave, they let our people lose their jobs to
workers in faraway lands. That’s not free trade.
That’s fools’ trade."
And the whole time the president is saying things
like this Trump’s red, white and blue banners and
flags reading "Trump 2020" and "Keep America Great!"
are being stitched up in a factory in …Fuyang, China.
https://www.forbes.com/sites/jeanbaptiste/2018/05/14/trump-to-rescue-chinas-zte-save-thousands-of-jobs-and-billions-of-dollars-to-u-s-tech-industry/
On Sunday, President Trump tweeted that he and Chinese
President Xi "are working together to give massive Chinese
phone company, ZTE, a way to get back into business, fast.
Too many jobs in China lost. Commerce Department
has been instructed to get it done!"
https://www.forbes.com/sites/danalexander/2018/02/13/trump-conflicts-of-interest-tenants-donald-business-organization-real-estate-assets-pay/
The largest American office of China's largest bank sits on the
20th floor of Trump Tower, six levels below the desk where
Donald Trump built an empire and wrested a presidency. It's
hard to get a glimpse inside. There do not appear to be any
public photos of the office, the bank doesn't welcome visitors,
and a man guards the elevators downstairs--one of the perks
of forking over an estimated $2 million a year for the space.
Trump Tower officially lists the tenant as the Industrial &
Commercial Bank of China, but make no mistake who's paying
the rent: the Chinese government, which owns a majority of the
company. And while the landlord is technically the Trump
Organization, make no mistake who's cashing those millions: the
president of the United States, who has placed day-to-day
management with his sons but retains 100% ownership.
https://www.businessinsider.com/trump-zte-order-after-china-gave-millions-to-trump-organization-tied-project-2018-5
Within three days of the Chinese government agreeing to
provide $500 million in loans to an Indonesian theme park
that the Trump Organization has a deal to license President
Donald Trump's name to, the president stunningly ordered
sanctions be rescinded against a major Chinese telecom
company.
As AFP reported via the South China Morning Post last week,
the developer of that project just outside of Jakarta had
secured the half billion in funding, in addition to another $500
million from Chinese banks, 72 hours before Trump's Sunday
tweet on the Chinese telecom company ZTE. Trump's family
business has a deal with that developer to include the Trump
name on the resort, which also includes hotels and a golf course.
--- SoupGate-Win32 v1.05
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