This story is all excited about that little squiggle uptick on the right lol

 

The Real Economy: Manufacturing Jobs

Oren Cass, Commonplace

 

Joe Biden manufacturing employment never looked so good.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

  

 

Republican Senator Mike Crapo is full of Orwellian crap, says extending the Trump tax cuts which increased deficits by $1.7 trillion won't keep increasing deficits

 

 If you're not changing the tax code, you're simply extending current policy—you are not increasing the deficit. The bottom line here is that it's a $4.3 trillion tax increase, not a $4.3 trillion deficit increase. 

-- Mike Crapo 

Most of the tax cuts passed by Republicans during President Donald Trump’s first term, in the Tax Cuts and Jobs Act of 2017 (TCJA), which raised deficits by $1.7tn, are set to expire at the end of 2025. ... Without new legislation, current law requires tax rates to return to their pre-TCJA levels. Maintaining the current policy would cost nearly $5tn in lost revenue over the next 10 years. 

-- Oren Cass

Passing economic legislation through the US Senate can by-pass the 60-vote rule if the legislation does not increase deficits beyond 10 years. 

The total public debt has ballooned by over $16 trillion under the Trump tax cuts.

Oren Cass: In JD Vance libertarian economics and neoconservative foreign policy are being excised from Republican conservatism

 But there is no Trumpism, only Trump.

Yikes.

Methinks JD Vance will be a very unhappy VP, seeking to rest a spell on his one-legged stool as reality bites.

Oren Cass for the Financial Times, here.