This is about a 12-minute read. It is most of the CBO report minus what I thought would be extraneous information, detail you may not need. I get lost in the detail and have to read it a few times. These are projections based upon various assumptions. Budgetary Outcomes Under Alternative Assumptions About Spending and […]
As one commenter to this post (23 cars and trucks said) said: It is only for cars meeting the requirements of USMCA like having 75% of the parts sourced from North America. U.S. goods and services trade with USMCA totaled an estimated $1.8 trillion in 2022. Exports were $789.7 billion; imports were $974.3 billion. The […]
– by New Deal democrat Along with all the other reports, yesterday the JOLTS survey was updated for February. This survey decomposes the employment market into openings, hires, quits, and layoffs, and so gives a more granular view. The question over the past year has been whether they best describe a “soft landing,” or “hard” […]
Just some thoughts on manufacturing and international trade I have seen and experienced over the decades. I worked in automotive (care and trucks) for the Tier1s supplying wire harnesses and other components to Chrysler, Ford, and GM. The company also did business with foreign car manufacturers. This particular company was Japanese. US components were shipped […]
For Trump, the suffering is a feature, not a bug. Here’s Sen. Chris Murphy (D-CT) to explain: “Those trying to understand the tariffs as economic policy are dangerously naive. No, the tariffs are a tool to collapse our democracy. A means to compel loyalty from every business that will need to petition Trump for relief. […]
I wish I could put the entire article up; but then you would probably not read it. I did quite a bit of editing to get this article to the point of establishing what the Gov did during the pandemic concerning unemployment. Much of which was done during Joe Biden’s presidency. Besides showing the first […]
February construction spending: nominal vs. real makes all the difference – by New Deal democrat Since the turn of the Millennium, a downturn in manufacturing has not been enough to tip the economy into recession. There must also be a decline in construction as well. This morning’s construction spending report for February painted a substantially […]
Arizona is among the states where K-12 public schools rely on federal funding, according to the Pew Research Center. During fiscal year 2022, 19.7% of Arizona school funding came from the federal government, according to the center. Arizona ranks in the bottom 25% of schools for quality of education. Underpaid teachers is one issue. Yet, AZ […]
“The United States led the world in developing the technology that beat the COVID-19 pandemic. Action from lawmakers may leave that legacy—and a $70 billion market—behind.” Abandoning mRNA vaccines is bad science, bad medicine, bad public health and bad business. This is just stupid. Which defines the Trump administration. Trump Administration attacks mRNA vaccines
– by New Deal democrat After this morning’s contractionary ISM manufacturing report, it occurred to me to look at heavy truck sales to see if they confirmed the downturn. They did, but like the manufacturing index. Heavy Truck versus Light Trucks. Which models are they? Heavy Trucks are 14000 lbs+ or class 4. While passenger […]