Writing for RealClearPolicy, Joe Palaggi looks at the long game Trump is playing with the economy. He is rebuilding domestic manufacturing and reshoring microchips and pharmaceuticals. Rebalancing our trade relations and pushing the reestablishment of manufacturing employment.
Palaggi writes consumers notice higher costs and may not be willing to wait for the good things to come downstream. See his conclusion.
History doesn’t remember who won the news cycle. It remembers who rebuilt the foundation. If America abandons long-term economic sovereignty for short-term comfort, we’ll find ourselves once again dependent on foreign suppliers, foreign fuel, and foreign debt — a nation outsourcing its future for convenience.
The administration’s challenge isn’t just inflation. It’s inattention. Trump may be playing the long game. The question is whether America still has the patience to let him finish it.
Wars destroy vast amounts of stuff, particularly weapons and munitions. We basically won World War II because we were the accurately named the “arsenal of democracy.” Our arms factories outproduced the Axis powers.
The rebuilding of domestic manufacturing is critical to our ability to defend our nation. We’ve given away that capacity, and need to reestablish it. Simultaneously we can rebuild economic opportunity for America’s working class and reduce the incidence of “deaths of despair.”
