Biden Gaslights Americans With Fake ‘Manufacturing Boom’ As US Production Plunges

“…Biden appears to be basing his assertions on one stat in particular, factory construction. And yes, if you look at that stat alone then it might seem like domestic manufacturing is experiencing new life. But, where are these new factories coming from?

The majority are government subsidized green tech factories as part of Biden’s “Inflation Reduction Act.” Meaning, they are jobs created using your tax dollars through socialist programs, not free market demand. Not only that, but a number of these factories are being built by foreign companies, not American companies. For example, JA Solar, a Chinese company, plans to build factories in Arizona while benefiting from Biden’s subsidies. Meyer Burger Technology, a company out of Switzerland, is also building solar factories in Arizona.

And what happens when the government props up an industry without equal market demand? What happens when a manufacturing “boom” siphons American cash to foreign interests? It ends up destroying wealth, not creating wealth. In other words, Biden is using billions in taxes to falsify economic numbers in the short term as a means to get re-elected…”