Economy

Beginning in the early 70's the US began to lose its industrial base to foreign competitors and this accelerated in 2001 when China joined the World Trade Organization (WTO). As manufacturing moved overseas millions of industrial jobs were lost and it was most notable in the Rust Belt. Using low cost foreign labor US companies reaped huge profits. At the same time that US companies were subjected to strict environmental regulations China was using child and slave labor with little concern for the safety of workers. This is still going on as the US reduces the number of coal fired power plants and China keeps building new plants. This unfair playing field was noticed by Trump and he brought these disparities into the public view. The Covid further exposed the unfairness and the country quickly had a change of attitude. The increased cost of transportation awakened industry leaders to the opportunities of bringing jobs back home. Trumps cry of make America great was a wake up call and this was followed by Biden's call for American jobs. Trump's import taxes were followed and increased by Biden. This lead to the congress approving an infrastructure bill and combined with the Chips Act added to the movement. The US has embarked upon an economic expansion not seen since the 50's and over the next ten years the country will double its industrial base creating millions of blue collar high paying union jobs. Inflation will rise but the famous American middle income groups will rise like the phoenix. The courts offered additional help by rejecting the 40 year old Chevron case effectively reducing the power of government agencies like the EPA and OSHA. Happy days are coming for the working people as these new jobs come home. If Trump is reelected he will start the next great change as he ends the emphasis on wind and solar and begins the expansion for nuclear. This means the US will lead the word in solving the problem of climate change.