Regulations

It was President Obama who discovered that there were no shovel ready jobs but people who understand how government regulators were not surprised. This will be a stumbling block to reshoring unless things change. It is not just regulations but includes the fact that new things must be introduced in ways that business and the public understand. Here is a recent example. Congress at the urging of the Biden administration agreed in 2021 to spend $7.5 billion to build tens of thousands of electric vehicle chargers across the country, aiming to appease anxious drivers while tackling climate change. Two years later, the program has yet to install a single charger. This will not be a problem because people don't want electric cars. Maybe if they slow things down they will be able to install natural gas pumps and cars can be modified to run on methane.